/raid1/www/Hosts/bankrupt/TCRAP_Public/211214.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, December 14, 2021, Vol. 24, No. 243
Headlines
A U S T R A L I A
GIGSUPER PTY: First Creditors' Meeting Set for Dec. 22
GOTAGO PTY: Second Creditors' Meeting Set for Dec. 21
HELIUM 3: Second Creditors' Meeting Set for Dec. 20
C H I N A
CBAK ENERGY: All Three Proposals Passed at Annual Meeting
CHINA EVERGRANDE: Fallout Seen in Unpaid Bills for Small Firms
LOGAN GROUP: Fitch Alters Outlook on 'BB' LT IDRs to Stable
REMARK HOLDINGS: Gets $30MM of Debt Financing From Mudrick Capital
SUNAC CHINA: Sells Stake in Ke Holdings to Raise Funds
[*] Credit Ratings of Over 12 Chinese Property Firms Withdrawn
I N D I A
AL AMEEN GREEN: Insolvency Resolution Process Case Summary
ARMSTRONG TEXTILES: Ind-Ra Hikes Long-Term Issuer Rating to 'BB+'
ARYAN MINING: Ind-Ra Keeps B Issuer Rating in Non-Cooperating
AVERA RESOURCE: ICRA Keeps D Debt Rating in Not Cooperating
BADEPALLY MUNICIPALITY: ICRA Keeps B+ Rating in Not Cooperating
BALAJI SUGARS: ICRA Withdraws D Rating on INR80cr Loans
BHARAT TIMBER: ICRA Lowers Rating on INR300cr Term Loan to B+
BIG TILES: ICRA Keeps B+ Debt Ratings in Not Cooperating Category
BLUE BLENDS: Insolvency Resolution Process Case Summary
CAR AUTOMOTIVE: Ind-Ra Assigns BB+ Issuer Rating, Outlook Stable
EAST COAST: ICRA Hikes Rating on INR12cr Cash Credit to B-
FLUID AND POWER: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating
FORTIS HEALTHCARE: ICRA Keeps D Debt Ratings in Not Cooperating
GANAPATI ALLIED: Insolvency Resolution Process Case Summary
GAYATHRI SUSTAINABLE: ICRA Keeps B+ Ratings in Not Cooperating
GEETANJALI AGRO: ICRA B+ Debt Ratings in Not Cooperating Category
GLOBAL METAL: ICRA Keeps D Debt Ratings in Not Cooperating
GOKUL COTTON: ICRA Keeps B+ Ratings in Not Cooperating Category
GURUMAHARAJ ENGICON: ICRA Withdraws B+ Rating on INR40cr Debts
JAGTAR SINGH: Insolvency Resolution Process Case Summary
JEYASOUNDHARAM TEXTILE: ICRA Keeps C Ratings in Not Cooperating
JONNA STEELS: ICRA Keeps B+ Debt Ratings in Not Cooperating
KANOI PLANTATIONS: Insolvency Resolution Process Case Summary
KHARIKATIA TEA: Insolvency Resolution Process Case Summary
LONE FURROW: Ind-Ra Gives Non-Convertible Debts 'BB' Rating
MAHATMA GANDHI: ICRA Keeps C+ Debt Rating in Not Cooperating
MALLICK PROJECTS: Insolvency Resolution Process Case Summary
MCLEOD RUSSEL: ICRA Keeps D Debt Ratings in Not Cooperating
MELTROLL ENGINEERING: ICRA Withdraws B+ Rating on INR4.02cr Loan
MONTFORT EDUCATIONAL: ICRA Keeps B+ Ratings in Not Cooperating
MURARI PAVAN: ICRA Keeps B+ Debt Rating in Not Cooperating
PATDIAM JEWELLERY: Ind-Ra Moves 'BB-' Rating to Non-Cooperating
PR PACKING: ICRA Moves D Debt Ratings to Not Cooperating Category
PRARTHNA PRIVATE: Insolvency Resolution Process Case Summary
PROFISOR SERVICES: Insolvency Resolution Process Case Summary
RADIANCE PROPERTIES: Insolvency Resolution Process Case Summary
RELIANCE CAPITAL: Insolvency Resolution Process Case Summary
ROYALPET VANIJYA: Insolvency Resolution Process Case Summary
SCHOOL BOOK: ICRA Withdraws B+ Rating on INR9.0cr Loans
SCL HEALTHCARE: Ind-Ra Assigns BB LT Issuer Rating, Outlook Stable
SHOES ON LOOSE: Insolvency Resolution Process Case Summary
SHREERAM AND SONS: ICRA Cuts Rating on INR3cr LT Loan to D
SIDDHARTHA ENGINEERING: Insolvency Resolution Process Case Summary
SIMPLEX CASTING: Ind-Ra Corrects November 26, 2021 Rating Release
SINTEX INDUSTRIES: RIL-led Consortium Seeks to Buy Company
SREI INFRASTRUCTURE: Sandeep Kumar Sultania Ceases to be CFO
SUN INDUSTRIAL: Ind-Ra Gives BB+ LT Issuer Rating, Outlook Stable
SUSHEE INFRA: Ind-Ra Affirms & Withdraws 'BB+' LT Issuer Rating
TELUGU CINE: Ind-Ra Keeps 'D' Bank Loan Rating in Non-Cooperating
TINNA RUBBER: ICRA Lowers Rating on INR9.58cr Term Loan to D
WHITEFIELD SPINTEX: ICRA Keeps D Debt Rating in Not Cooperating
I N D O N E S I A
GARUDA INDONESIA: Enters Court-Supervised Debt Restructuring
N E W Z E A L A N D
HORIZONTAL DRILLING: Creditors' Proofs of Debt Due on Dec. 29
MAINLAND TANKS: Creditors' Proofs of Debt Due on Feb. 9
MARK TATTON: Creditors' Proofs of Debt Due on Feb. 6
S I N G A P O R E
CHEMICAL MARKET: Creditors' Proofs of Debt Due on Jan. 10
KIM YUEN: Court Enters Wind-Up Order
SR-KEN UNITED: Court Enters Wind-Up Order
UST TECHNOLOGY: Creditors' Proofs of Debt Due on Jan. 10
WIRECARD SG: Creditors' Proofs of Debt Due on Jan. 10
X X X X X X X X
[*] BOND PRICING: For the Week Dec. 6, 2021 to Dec. 10, 2021
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A U S T R A L I A
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GIGSUPER PTY: First Creditors' Meeting Set for Dec. 22
------------------------------------------------------
A first meeting of the creditors in the proceedings of Gigsuper Pty
Ltd and Gigsuper Holdings Ltd will be held on Dec. 22, 2021, at
10:30 a.m. via Zoom.
Paul Gerard Weston of DW Advisory was appointed as administrator of
Gigsuper Pty on Dec. 10, 2021.
GOTAGO PTY: Second Creditors' Meeting Set for Dec. 21
-----------------------------------------------------
A second meeting of creditors in the proceedings of Gotago Pty Ltd
has been set for Dec. 21, 2021, at 3:00 p.m. via teleconference.
The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.
Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Dec. 20, 2021, at 5:00 p.m.
Grahame Ward and Domenic Calabretta of Mackay Goodwin were
appointed as administrators of Gotago Pty on Nov. 17, 2021.
HELIUM 3: Second Creditors' Meeting Set for Dec. 20
---------------------------------------------------
A second meeting of creditors in the proceedings of Helium 3
Biotech Pty Ltd has been set for Dec. 20, 2021, at 11:30 a.m. at
the offices of WA Insolvency Solutions, Suite 6.02, Level 6, 109 St
Georges Terrace, in Perth, WA.
The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.
Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Dec. 17, 2021, at 5:00 p.m.
David Ashley Norman Hurt and Jimmy Trpcevski of WA Insolvency
Solutions were appointed as administrators of Helium 3 on Nov. 15,
2021.
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C H I N A
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CBAK ENERGY: All Three Proposals Passed at Annual Meeting
---------------------------------------------------------
CBAK Energy Technology, Inc. held its 2021 annual meeting of
stockholders, at which the stockholders:
(1) elected Yunfei Li, J. Simon Xue, Martha C. Agee, Jianjun He,
and Xiangyu Pei to the Board of Directors of the company to
serve until the 2022 annual meeting of stockholders;
(2) ratified the appointment of Centurion ZD CPA & Co. as the
company's independent registered public accounting firm for
the fiscal year ending Dec. 31, 2021; and
(3) voted to approve an amendment to the company's Articles
of Incorporation to authorize 10,000,000 shares of
preferred stock, par value $0.001 per share of the company,
which may be issued in one or more series, with such
rights, preferences, privileges and restrictions as shall
be fixed by the company's Board of Directors from time to
time.
About CBAK Energy
Liaoning Province, People's Republic of China-based CBAK Energy --
www.cbak.com.cn -- is a manufacturer of new energy high power
lithium batteries that are mainly used in light electric vehicles,
electric vehicles, electric tools, energy storage including but not
limited to uninterruptible power supply (UPS) application, and
other high-power applications. Its primary product offering
consists of new energy high power lithium batteries, but it is also
seeking to expand into the production and sale of light electric
vehicles.
CBAK Energy reported a net loss of $7.85 million for the year ended
Dec. 31, 2020, compared to a net loss of $10.85 million for the
year ended Dec. 31, 2019. As of June 30, 2021, the Company had
$192.17 million in total assets, $90.34 million in total
liabilities, and $101.84 million in total equity.
Hong Kong, China-based Centurion ZD CPA & Co., the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated April 13, 2021, citing that the Company has a working
capital deficiency, accumulated deficit from recurring net losses
and significant short-term debt obligations maturing in less than
one year as of Dec. 31, 2020. All these factors raise substantial
doubt about its ability to continue as a going concern.
CHINA EVERGRANDE: Fallout Seen in Unpaid Bills for Small Firms
--------------------------------------------------------------
Bloomberg News reports that the defaults and slow-moving crises of
companies in China's property sector isn't just hurting
bond-holders and people waiting for their apartments - thousands of
small suppliers of everything from tiles to cleaning services are
waiting to get paid by the likes of China Evergrande Group.
Feng Guoxun's company is one such supplier, the report says.
According to Bloomberg, the 36-year-old said his advertising
company is owed $200,000 by property developers including
Evergrande, with those unpaid debts pushing him to the brink of
bankruptcy.
Bloomberg relates that Feng said he is still waiting for the
CNY489,500 (US$77,000) that the troubled developer -- once the
country's biggest -- has owed him since August.
He also claims Guangzhou R&F Properties Co., another major
developer, has owed him around CNY800,000 in payments for two
years, and last month, posted photos on Weibo of the contracts he
signed with R&F and commercial acceptance bills Evergrande gave him
in 2020 instead of immediate payment, the report relays.
Bloomberg notes that many small firms now find themselves in a
situation similar to Feng's as the housing market slump cripples
developers' ability to pay suppliers and vendors in industries from
furniture to construction. On top of that, a series of sporadic
virus outbreaks, surging raw material costs, regulatory crackdowns
and supply chain bottlenecks have hurt many companies'
profitability, the report states.
About China Evergrande
China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.
As reported in the Troubled Company Reporter-Asia Pacific on Dec.
13, 2021, Fitch Ratings has downgraded to 'RD' (Restricted
Default), from 'C', the Long-Term Foreign-Currency Issuer Default
Ratings (IDR) of Chinese homebuilder China Evergrande Group and its
subsidiaries, Hengda Real Estate Group Co., Ltd and Tianji Holding
Limited. Fitch has affirmed the senior unsecured ratings of
Evergrande and Tianji at 'C', with a Recovery Rating of 'RR6', as
well as the Tianji-guaranteed senior unsecured notes issued by
Scenery Journey Limited at 'C', with a Recovery Rating of 'RR6'.
The downgrades reflect the non-payment of coupons due 6 November
2021 for Tianji's USD645 million 13% bonds and USD590 million
13.75% bonds after the grace period lapsed on 6 December. The
non-payment is consistent with an 'RD' rating, signifying the
uncured expiry of any applicable grace period, cure period or
default forbearance period following a payment default on a
material financial obligation.
LOGAN GROUP: Fitch Alters Outlook on 'BB' LT IDRs to Stable
-----------------------------------------------------------
Fitch Ratings has revised the Outlook on China-based Logan Group
Company Limited's Long-Term Foreign- and Local-Currency Issuer
Default Ratings (IDRs) to Stable from Positive, and affirmed the
IDRs, senior unsecured rating and the rating on the outstanding US
dollar senior notes at 'BB'. Fitch has also affirmed the rating on
Logan's subordinated perpetual capital securities at 'B+'.
Fitch has removed all the ratings from Under Criteria Observation
(UCO), on which they were placed on 20 October 2021, following the
publication of its updated Corporate Rating Criteria.
The Stable Outlook considers the limited recovery of sales in the
overall Chinese property market and the uncertainty over the
stability of Logan's contracted sales amid China's property market
slowdown, which may affect its business profile, and weaker
consumer confidence, which could lead to some deterioration in the
company's liquidity and cash collection. The change in the Outlook
also considers the potential for increased refinancing risk in the
onshore and offshore bond markets, which may affect the company's
liquidity.
KEY RATING DRIVERS
Slowing Sales: Fitch expects Logan's contracted sales to remain at
similar level in 2022 compared to 2021. Logan's contracted sales
dropped by 12% yoy in October 2021, after falling by 25% yoy in
September and 17% yoy in August, although Logan's sales performance
was better than the sector average. The yoy decline is partly due
to the high base in 2020. Nevertheless, Fitch expects Logan's
attributable contracted sales to exceed CNY130 billion in 2021
compared with around CNY120 billion in 2020, but softening
sentiments are likely to affect the sales collection and liquidity
of property developers, including Logan.
Sector-Wide Sales to Drop: Fitch believes recent government
policies to loosen mortgage approvals and increase liquidity to
developers have not yet led to a meaningful recovery in industry
sales and market confidence. Fitch expects the overall Chinese
property sector's contracted sales value to decline by 10%-15% in
2022.
Refinancing and Market Risk: Fitch believes Logan may face
increased refinancing risk as overall access to onshore and
offshore bond markets appears more limited. Logan has around CNY15
billion of capital-market debt, including puttable bonds, due in
2022. Logan's liquidity position is healthy as its unrestricted
cash is about 1.5x its short-term debt at end-June 2021. However,
Fitch sees some uncertainties in its ability to deleverage and
maintain a strong liquidity profile in view of the slowdown in
property demand.
On 7 December 2021, Logan announced a share placement that will
raise gross proceeds of around HKD1.17 billion. In addition, the
company has approval for onshore bond and commercial
mortgage-backed securities issuance.
Leverage to Remain Stable: Fitch expects Logan's leverage -
measured by net debt/net development-property (DP) assets - to
remain at below 45%, which is the leverage mid-point for 'bb' rated
companies. Leverage was up slightly to 44% by end-2020 from 42% at
end-2019. The company spent CNY47.6 billion on replenishing its
land bank in 2020, or 39% of attributable contracted sales (2019:
42%).
The total land reserve at end-2020 was sufficient for development
over the next five years. Fitch expects the company to spend
35%-40% of consolidated contracted sales on land replenishment in
2021-2022 and maintain a land bank sufficient for four to five
years of development.
High but Decreasing Return Efficiency: Logan's return efficiency of
17.6% in 2020 and 17.9% in 2019 was higher than that of peers. DP
projects converted from urban renewal projects (URPs) have a higher
gross profit margin due to lower land costs. Fitch believes Logan's
land acquired in 2021 is mainly from URPs, as the company had
limited participation in land auctions from July 2021. Fitch
expects the company's margin to gradually decrease to the industry
level in the medium term.
Improving Revenue and Cash Collection: Fitch expects Logan to
increase the development segment's revenue and implied cash
collection (defined as change in customer deposits plus revenue
booked during the year). Development revenue was CNY55 billion in
2020 and implied cash collection CNY72 billion, against
attributable contracted sales of CNY121 billion. Fitch expects
Logan to increase the absolute amount of revenue recognised from
development sales and implied cash collection as its contracted
sales rise.
Leadership in Greater Bay Area: Logan has a strong market position
and record in the competitive Greater Bay Area. Fitch expects Logan
to continue to solidify its market position in the region because
it can secure good land bank at low costs. The region accounted for
64% of Logan's sales in 1H21 (2020: 59%), and will remain high at
around 55% in 2021-2022. The concentration risk is mitigated by the
strong economic fundamentals and demand for housing in the region.
Expansion into New Markets: Fitch believes Logan's expansion into
new cities, including the Yangtze River Delta and Guangxi, helps to
mitigate concentration risks. Presales for the Yangtze River Delta
projects in 1H21 contributed 7% to Logan's total contracted sales,
against 8% in 2020. The southwest region of China accounted for 12%
of total contracted sales 1H21 compared with 17% in 2020.
DERIVATION SUMMARY
Logan's contracted sales are comparable with those of 'BB' rated
Chinese homebuilders, such as CIFI Holdings (Group) Co. Ltd.'s
(BB/Stable, UCO) CNY120 billion and smaller than Sunac China
Holdings Limited's (BB/Stable) CNY380 billion. Logan's sales are
larger than those of 'BB-' rated peers, which have contracted sales
of CNY50 billion-100 billion.
Logan's leverage of 44% at end-2020 was also lower than that of
'BB' rated peers, such as CIFI (49%) and Sunac (49%). Logan's
EBITDA margin of around 23% was higher than both CIFI's 12% and
Sunac's 12%. Logan continued its geographical focus on Tier 1 and
Tier 2 cities, while CIFI and Sunac have larger geographical
exposures in lower-tier cities.
Seazen Group Limited (BB+/Stable) has a larger contracted sales
scale of CNY170 billion and lower leverage of 35% at end-2020,
compared with Logan's 44%. Logan's EBITDA margin is higher than
Seazen's 12%. Both companies have similar liquidity of available
cash/short-term debt of around 1.5x.
KEY ASSUMPTIONS
Fitch's key assumptions within its rating case for the issuer
include:
-- Total contracted sales of CNY150 billion in 2021 and CNY150
billion in 2022 (2020: CNY137 billion);
-- EBITDA margin of round 20% in 2021-2022 (2020: 22%);
-- About 35%-40% of contracted sales proceeds to be spent on land
acquisitions in 2021-2022 to maintain a land bank sufficient
for around five years of development.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- Leverage, measured by net debt/net property assets, sustained
below 40%;
-- Restoration of capital-market access;
-- Sustained strong market position in core markets;
-- Sustained revenue scale and implied cash collection.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Leverage, measured by net debt/net property assets, sustained
above 50%;
-- Deterioration in liquidity or continued lack of capital-market
funding access;
-- Sustained decline in contracted sales or cash collection.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.
LIQUIDITY AND DEBT STRUCTURE
Sufficient Liquidity: Logan had total cash on hand of CNY42.1
billion, including CNY7.3 billion of restricted cash and pledged
deposits, as of end-June 2021. Available cash of CNY34.8 billion is
sufficient to cover short-term debt of CNY22.7 billion.
ISSUER PROFILE
Logan is a mid-sized Chinese property developer with a strong base
in the Greater Bay Area. The majority of Logan's near-term land
bank in 2021 is in the area.
SUMMARY OF FINANCIAL ADJUSTMENTS
Fitch's calculation of net property assets includes: properties
under development, completed properties for sale, investment
properties, land and buildings, investment in joint ventures (JVs)
and associates, amounts due from JVs and associates,
project-related restricted cash, less contract liabilities adjusted
by its gross profit margin, payables and amounts due to JVs and
associates. Fitch includes the guarantees to JVs and associates and
related parties in net debt and net property assets.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
REMARK HOLDINGS: Gets $30MM of Debt Financing From Mudrick Capital
------------------------------------------------------------------
Remark Holdings, Inc. announced a $30 million debt financing deal
with Mudrick Capital Management, L.P. The financing will be used
to pay off certain debts and liabilities, provide working capital
for existing projects, and to fund new business initiatives,
including opportunities in infrastructure, security and data
analytics, as well as invest in and grow NFT and Metaverse
businesses.
"We are excited to be working with an investor that is well known
for recognizing undervalued companies, and providing the strategic
capital and industry expertise to help capture and grow
opportunities in the large total addressable markets we are
pursuing," noted Kai-Shing Tao, chairman and chief executive
officer of Remark Holdings. "This debt facility allows us to raise
capital in a non-dilutive manner which protects shareholder value
and, more importantly, provides the funds necessary to achieve the
growth plans we have outlined for 2022. We are positioned to gain
the benefits of the infrastructure bill in 2022 by working to
operationally deploy in the security, transportation and public
safety markets. We look forward to providing additional
information on our NFT and Metaverse businesses in the coming
weeks."
About Remark Holdings
Remark Holdings, Inc. (NASDAQ: MARK) --
http://www.remarkholdings.com-- delivers an integrated suite of AI
solutions that enable businesses and organizations to solve
problems, reduce risk and deliver positive outcomes. The company's
easy-to-install AI products are being rolled out in a wide range of
applications within the retail, financial, public safety and
workplace arenas. The company also owns and operates digital media
properties that deliver relevant, dynamic content and ecommerce
solutions. The company is headquartered in Las Vegas, Nevada, with
additional operations in Los Angeles, California and in Beijing,
Shanghai, Chengdu and Hangzhou, China.
Remark Holdings reported a net loss of $13.68 million for the year
ended Dec. 31, 2020, compared to a net loss of $25.61 million for
the year ended Dec. 31, 2019. As of Sept. 30, 2021, the Company
had $93.08 million in total assets, $24.38 million in total
liabilities, and $68.70 million in total stockholders' equity.
Los Angeles, California-based Weinberg & Company, the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated March 31, 2021, citing that the Company has suffered
recurring losses from operations and negative cash flows from
operating activities and has a negative working capital and a
stockholders' deficit that raise substantial doubt about its
ability to continue as a going concern.
SUNAC CHINA: Sells Stake in Ke Holdings to Raise Funds
------------------------------------------------------
Caixin Global reports that Sunac China Holdings Ltd. sold $530
million of shares in New York-traded Ke Holdings since Oct. 29,
slashing its holding in the operator of real estate agency Lianjia
to less than 1%.
Caixin relates that the sales brought Sunac's total disposals of Ke
stock to $1.08 billion since June 1, the company said. The property
company has been raising large amounts of cash in the face of
tightening credit under the weight of Chinese government pressure.
Sunac said proceeds from the stock sales will be used as general
working capital. In January 2017, Sunac acquired 6.25% of Ke
Holdings for a CNY2.6 billion strategic investment. Shares of Ke
lost 74% of their value since peaking in February, the report
notes.
About Sunac China
Sunac China Holdings Limited (SEHK:1918) --
http://www.sunac.com.cn/-- is principally engaged in the sales of
properties in the People's Republic of China. The Company operates
its business through two segments: Property Development and
Property Management and Others. The Company's subsidiaries include
Sunac Real Estate Investment Holdings Ltd., Qiwei Real Estate
Investment Holdings Ltd. and Yingzi Real Estate Investment Holdings
Ltd.
As reported in the Troubled Company Reporter-Asia Pacific on Nov.
12, 2021, Fitch Ratings has revised the Outlook on homebuilder
Sunac China Holdings Limited to Stable, from Positive, and has
affirmed its Long-Term Foreign-Currency Issuer Default Rating
(IDR), senior unsecured rating and the ratings on its outstanding
senior notes at 'BB'. Fitch has removed all the ratings from Under
Criteria Observation (UCO), on which they were placed on October
20, 2021, following the publication of its updated Corporate Rating
Criteria.
The Outlook revision is driven by the company's declining
contracted sales and sales collection since August 2021, in line
with the overall industry, which may weaken its liquidity in the
short term. Nonetheless, Sunac faces less refinancing pressure than
some homebuilders in the 'BB' rating category, and its business and
financial profile is comparable with that of 'BB' peers.
[*] Credit Ratings of Over 12 Chinese Property Firms Withdrawn
--------------------------------------------------------------
Caixin Global reports that international credit rating agencies
have withdrawn more than a dozen Chinese property developers'
ratings this year amid the liquidity crisis wracking the country's
real estate sector.
Moody's retracted five such ratings, including for Tahoe Group;
Standard & Poor's retracted seven, including for Kaisa Group and
China Aoyuan Ltd.; and Fitch withdrew six, including for Greenland
Holding Group; according to Caixin calculations.
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AL AMEEN GREEN: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Al Ameen Green Energy Private Limited
New No. 132, Old No. 67
Ramasamy Street
Muthial Pet
Chennai 600001
IN
Insolvency Commencement Date: November 17, 2021
Court: National Company Law Tribunal, Chennai Bench
Estimated date of closure of
insolvency resolution process: May 16, 2022
(180 days from commencement)
Insolvency professional: S Vaidyanathan
Interim Resolution
Professional: S Vaidyanathan
Flat No. 5
Ashtalakshmi Apartments
14/35 Sarangapani Street
T. Nagar, Chennai 600017
E-mail: vaidyanathanuco@gmail.com
- and -
Decode Resolvency International Pvt Ltd
1101, Floor-11, Plot-211
Dalamal Tower
Free Press Journal Marg
Nariman Point, Mumbai
Maharashtra 400021
E-mail: cirp.aagepl@decoderesolvency.com
Last date for
submission of claims: December 1, 2021
ARMSTRONG TEXTILES: Ind-Ra Hikes Long-Term Issuer Rating to 'BB+'
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Armstrong Textiles
Processing Private Limited's (ATPPL) Long-Term Issuer Rating to
'IND BB+' from 'IND BB'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR27.5 mil. Fund-based working capital limit Long-term rating
upgraded; short-term rating affirmed with IND BB+/Stable/IND
A4+ rating; and
-- INR93.9 mil. (reduced from INR100 mil.) Term loan due on
October 2026 upgraded with IND BB+/Stable rating.
The upgrade reflects an improvement in ATPPL's EBITDA margins and
credit metrics, along with continued positive cash flow from
operations during FY21.
KEY RATING DRIVERS
ATPPL's EBITDA margins were healthy and improved to 38% in FY21
(FY20: 23.17%) due to decline in operating expenses. The margins
are volatile and ranged between 14% and 38% over FY17-FY21, due to
fluctuations in input prices, particularly dyes and chemicals. The
volatility in margins is also attributed to the type of orders
received by the company. The company's return on capital employed
was 17% in FY21 (FY20: 6%). FY21 numbers are provisional in
nature.
The net leverage (adjusted net debt/operating EBITDA) improved to
2.66x in FY21 (FY20: 5.51x) and the interest coverage (operating
EBITDA/interest expenses) to 6.94x (3.77x) on account of a decline
in the overall debt to INR214.16 million (INR267.18 million) and
the consequent decline in interest costs to INR11.42 million
(INR12.83 million), along with an increase in the absolute EBITDA
to INR79.21 million (INR48.33 million). Despite the improvement,
the credit metrics remained modest. Ind-Ra expects the credit
metrics to deteriorate in FY22, due to additional sanction of term
loans for the planned capex to purchase machinery.
However, the ratings remain constrained by ATPPL's small scale of
operations as indicated by revenue of INR209.46 million in FY21
(FY20: INR208.59 million). The marginal growth in revenue was due
to increase in orders from its sister company, Armstrong Knitting
Mills ('IND BBB-'/Stable), which accounted for average 55.5% of
ATPPL's sales in FY21 (FY20: 71.94%). ATPPL had an order book of
INR60 million as of November 24, 2021, to be executed before
January 2022. The company achieved revenue of INR122 million in
1HFY22 (1HFY21: INR91.8 million). The agency expects the revenue to
improve on a year-on-year basis in FY22 owing to incremental orders
from the sister company.
Liquidity Indicator – Stretched: ATPPL's average peak utilization
of the fund-based facility was about 47.5% during the 12 months
ended October 2021. The cash flow from operations remained positive
at INR74.38 million in FY21 (FY20: INR22.95 million) due to an
improvement in operating EBITDA. The net cash conversation cycle
stretched to 137 days in FY21 (FY20: 126 days), resulting from an
increase in the receivable period to 108 days (100 days) and
inventory holding period to 46 days (41 days). Its cash and cash
equivalents stood at INR3.22 million at FYE21 (FYE20: INR0.83
million). The company has scheduled repayments of INR21.61 million
and INR29.66 million in FY22 and FY23, respectively, will be met
through internal cash flows. The company availed of a COVID-19
emergency credit facility of INR43.4 million under the guaranteed
emergency credit line scheme to support its working capital
requirements. ATPPL's entire borrowings are from a single bank and
has no access to capital markets.
However, the ratings are supported by ATPPL's locational advantage
as it operates in Tirupur, Tamil Nadu, which is a hub for textile
and garment manufacturers.
The ratings also factor in financial support extended by Armstrong
group to ATPPL through interest-free unsecured loans and
inter-company sales.
The ratings are also supported by the promoter's experience of four
and a half decades in the manufacturing and exporting of ready-made
garments. Furthermore, the company also gets financial support from
its group companies in the form of unsecured loans.
RATING SENSITIVITIES
Positive: A substantial improvement in the scale of operation while
maintaining the credit metrics at current level and an improvement
in the liquidity position, all on a sustained basis, would be
positive for the ratings.
Negative: A substantial decline in the scale of operations or
weakening of linkages with Armstrong group and /or deterioration in
the liquidity position, leading to the interest coverage reducing
below 2.0x, all on a sustained basis, could be negative for the
ratings.
COMPANY PROFILE
ATPPL is engaged in the fabric dyeing business. It has a total
dyeing installed capacity of 10,000kg of fabric dyeing per day.
Besides, ATPPL has an effluent treatment plant capacity totaling to
700 kiloliters per day, along with an imported machine with 11 tons
capacity per day for drying and heat-treating fabric after wet
processing.
ARYAN MINING: Ind-Ra Keeps B Issuer Rating in Non-Cooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Aryan Mining &
Trading Corporation Pvt. Ltd.'s (AMTC) Long-Term Issuer Rating at
'IND B (ISSUER NOT COOPERATING)' in the non-cooperating category
with a Negative Outlook and has subsequently withdrawn it.
KEY RATING DRIVERS
Ind-Ra has maintained the ratings in the non-cooperating category
because the issuer did not participate in the rating exercise,
despite requests by the agency and has not provided information
pertaining to its full-year financial performance for FY21,
business plan and projections for the next three years, information
on corporate governance, and management certificate.
AMTC has sought the withdrawal of the Long-Term Issuer Rating as no
debt was raised on the rating issued by the agency. Ind-Ra has
withdrawn its issuer rating on AMTC at the request of company. This
is consistent with the Ind-Ra policy on withdrawal of issuer
ratings. Ind-Ra will no longer provide analytical and rating
coverage for the company.
COMPANY PROFILE
Incorporated in 1936, AMTC operates an iron ore and manganese ore
mine located in Koira in Odisha under a deemed license. The company
is a 73:27 joint venture between Stemcor Holdings and Kolkata-based
Saraf group.
AVERA RESOURCE: ICRA Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Avera
Resource Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short Term– 11.00 [ICRA]D; ISSUER NOT
Non Fund Based COOPERATING; Rating 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.
Incorporated in 2005, ARPL is engaged in opportunistic trading of
steel products and chemicals. ARPL is promoted by Mr. Alok Gupta
and Mrs. Divya Gupta. Earlier, Mr. Alok Gupta was the Chairman and
Managing Director of ACI Infocom Limited (AIL), which was engaged
in trading of steel, coal and scrap. Mr. Alok Gupta sold his stake
in AIL and resigned from its board of directors in February 2012. A
part of the trading business of AIL was spun-off and transferred to
ARPL during that period. Mr. Alok Gupta continued the steel trading
business henceforth under ARPL. The promoters of ARPL entered into
biomass pellet manufacturing business under ACI Clean Energy
Private Limited (ACEPL). ACEPL was set up through promoters' own
funds and ARPL does not hold any stake in ACEPL or vice-versa.
BADEPALLY MUNICIPALITY: ICRA Keeps B+ Rating in Not Cooperating
---------------------------------------------------------------
ICRA has retained the long-term rating of Badepally Municipality in
the 'Issuer Not Cooperating' category. The rating is denoted as
[[ICRA]B+(Stable); ISSUER NOT COOPERATING".
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.
The BDM, being an ULB, provides civic services to the Badepally
town. The town is located in Mahbubnagar district of Telangana and
is at a distance of around 90 km from the state capital, Hyderabad.
Badepally covers an area of 10.37 sq. km. and has population base
of 32,598, of which, ~37% is accounted by slum dwellers. The major
functions of the BDM involve water supply, solid-waste management,
repair and maintenance of roads, street lighting and amenities such
as shopping stalls, community hall, playgrounds, parks/gardens,
among other civic amenities. The council of the BDM comprises 20
Ward Councillors. The executive wing is headed by a Municipal
Commissioner, who is appointed by the GoTS and is supported by the
heads of various departments.
BALAJI SUGARS: ICRA Withdraws D Rating on INR80cr Loans
-------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Shri Balaji Sugars and Chemicals Pvt Ltd at the request of the
company and based on the No Objection Certificate received from its
banker. However, ICRA does not have information to suggest that the
credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 65.00 [ICRA]D; ISSUER NOT
Fund Based– COOPERATING; Withdrawn
Term Loan
Long Term- 15.00 [ICRA]D; ISSUER NOT
Unallocated COOPERATING; Withdrawn
Shri Balaji Sugars and Chemicals Private Limited (SBSCPL) was
incorporated in the year 2011. The company has setup a 3500 TCD
sugar plant and 18 MW cogeneration unit in Bijapur district in
North Karnataka. The first phase of the project initially was to
start commissioning from March 2014. The date of commissioning was
later postponed to November 2014. However, the plant's commercial
operations commenced on March 23, 2015 for the first phase which
essentially involves the sugar plant and the co-gen unit. In the
second phase, the company is planning to integrate the existing
phase 1 unit with a 60 KLPD1 distillery.
BHARAT TIMBER: ICRA Lowers Rating on INR300cr Term Loan to B+
-------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Bharat
Timber & Construction Co. (BTC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 300.00 [ICRA]B+ (Stable) ISSUER NOT
Term loan COOPERATING; Rating downgraded
from [ICRA]BB+ (Stable)and
continues to remain in the
'Issuer Not Cooperating'
Category
Short Term- 14.00 [ICRA]A4 ISSUER NOT
Fund Based COOPERATING; Rating downgraded
from [ICRA]A4+ and continues
to remain in the 'Issuer Not
Cooperating' category
Rationale
The rating downgrade is attributable to the lack of adequate
information regarding BTC'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 Bharat Timber & Construction Co., 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.
Established in 1948, BTC is a family managed partnership firm
promoted by Shri Jyotin C. Gandhi and Ms. Renuka J. Gandhi (wife of
Shri Gandhi). It is involved in the business of mining and export
of rough granite blocks. At present, it operates three quarries in
the villages of Balkundi (66 acre), Purthageri (17 acre) and
Antharthana (13 acre), near Ilkal in Karnataka, with a
mining area spanning across 95 acres. The mines are particularly
rich in new imperial red and new ruby red varieties of granite,
which are exported mainly to China, Hong Kong and Taiwan. The firm
is also involved in generating and selling of electricity through
its three windmills located in Rajasthan with a total electricity
generation capacity of 2.4 MW.
BIG TILES: ICRA Keeps B+ Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the long-term and short-term ratings of Big Tiles
in the 'Issuer Not Cooperating' category. The ratings are denoted
as [ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 7.00 [ICRA]B+ (Stable) ISSUER NOT
Cash Credit COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Fund based- 7.95 [ICRA]B+ (Stable) ISSUER NOT
Term Loan COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Non-fund-based– 1.50 [ICRA]A4; ISSUER NOT
Bank Guarantee COOPERATING; Rating continues
To remain under 'Issuer Not
Cooperating' category
Long Term/ 0.03 [ICRA]B+(Stable)/[ICRA]A4;
Short Term– ISSUER NOT COOPERATING;
Unallocated Rating continues to remain
Limits 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.
Established in August 2009as a partnership firm, BT manufactures
digitally printed ceramic wall tiles of three sizes—18"X12",
24"X12" and 10"X30". BT's manufacturing unit is located in Morbi,
Gujarat, and is equipped to manufacture 40,000 metric tonnes (MT)
of tiles per annum. Further, the firm has concluded capex in FY2019
for capacity expansion and modernisation of plant. BT is owned and
managed by Mr. Pankaj Marvania, Mr. Hiraji Marvania and their
family. Its associate concerns, Bellona Paper Mill Private Limited
(manufacturing packing material used in making corrugated boxes)
and Rome Tiles (manufacturing wall tiles), are engaged in similar
businesses.
In FY2018, the firm reported a net profit of INR1.5 crore on an
operating income of INR46.8 crore compared to a net profit of
INR2.5 crore on an operating income of INR50.1 crore in FY2017.
Further, the firm has achieved an operating income of INR27.5 crore
in FY2019 on a provisional basis.
BLUE BLENDS: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: Blue Blends (India) Limited
JBF House, 2nd Floor
Old Post Office Lane
Kalbadevi Road, Mumbai
Mumbai City MH 400002
IN
Insolvency Commencement Date: December 2, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: May 31, 2022
Insolvency professional: Vinit Gangwal
Interim Resolution
Professional: Vinit Gangwal
Office No. 503, 5th Floor
Varun Capital
CTS No. 364-365/13
Off J M Road
Bharat Petroleum Lane
Next to Citiotel
Shivajinagar, Pune 411005
E-mail: ip.vinitgangwal@sudharman.in
- and -
Sankalp Resolution Professionals LLP
401, 4th Floor, The Central Building
Shell Colony Road, Chembur (East)
Mumbai 400071
E-mail: ip.blueblends@sankalp-ipe.com
Last date for
submission of claims: December 16, 2021
CAR AUTOMOTIVE: Ind-Ra Assigns BB+ Issuer Rating, Outlook Stable
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Car Automotive
LLP's (CAL) Long-Term Issuer Rating 'IND BB+', with a Stable
Outlook.
The instrument-wise rating action is:
-- INR560 mil. Fund-based facilities assigned with IND BB+/Stable
/IND A4+ rating.
KEY RATING DRIVERS
The ratings reflect CAL's nascent stage and medium scale of
operations. Post commencing commercial operations in July 2019with
one showroom and service center, the company posted revenue of
INR2,461.3 million in FYE21 (FY20: INR1,396.3 million). CAL an
outlet in February 2021 and plans to add another one along with a
service center in FY23 (with an investment of INR20 million). The
agency expects the company to post improved revenue in FY22 on the
back of increased order execution and benefits accruing from the
new outlet. FY21 numbers are provisional in nature.
Liquidity Indicator - Stretched: The company's average working
capital limit utilization was 15% over the last 12 months ended
September 2021. The company's utilization limits have been low,
mainly due to the supply shortages faced. With an improvement in
supplies and the planned investment in an additional outlet and
service center in FY23,the agency expects the company's utilization
to improve. The company's cashflow from operations, although
remained negative, improved to INR18 million in FY21 (FY20:
negative INR56.05 million) due to a reduction in the working
capital requirement. CAL availed a guaranteed line of emergency
credit loan of INR33.6 million in FY21, repayable in 48 months,
which provides further liquidity boost to the business. The
company's fixed deposits stood at INR37.5 million at FYE21.
The ratings reflect CAL's modest EBITDA margins, which contracted
to 3.91% in FY21 (FY20: 4.78%) due to an increase in the overall
expenses to INR2,400 million (INR1,349 million). According to the
management, the main reason for an increase in the overall expense
was that company had paid 100% salaries to its employees in FY21
despite the impact of COVID-19 on the business. Ind-Ra expects the
company's EBITDA margins to improve in FY22 owing to its improved
revenue.
The ratings also factor in CAL's modest credit metrics. The
interest coverage (operating EBITDA/gross interest) deteriorated to
5.47x in FY21 (FY20: 9.62x) and net financial leverage (adjusted
net debt/operating EBITDA) to 2.35x (2.33x), mainly due to an
increase in overall debt to INR261.79 million (INR186.86 million).
The agency expects the company's credit metrics to improve in FY22
owing to an increase in the revenue. The company has a debt service
coverage ratio of 2.2x in FY22 and expects it to improve over the
medium term, mainly due to an increase in absolute EBITDA and
reduction in overall financial commitments in the future.
The ratings are supported by the company's strong promoter profile.
All three partners of the company have over 10 years of experience
in managing various industries.
RATING SENSITIVITIES
Positive: A substantial increase in the revenue and EBITDA margins
while maintaining the liquidity and the net leverage below 3x,
could lead to a positive rating action.
Negative: A decline in the revenue and EBITDA margins, along with
any debt-funded capex, or any stress in the liquidity position due
to a further elongation of the net cash conversation cycle, leading
to the net financial leverage exceeding 4x, on a sustained basis,
could lead to a negative rating action.
COMPANY PROFILE
CAL, an authorized dealer of KIA Motors India Pvt Ltd, was
incorporated in January 2018. The company commenced operations in
July 2019 with one outlet and one service center. At end-March
2021, the company had two showrooms and one service center.
EAST COAST: ICRA Hikes Rating on INR12cr Cash Credit to B-
----------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of East
Coast Engineering Company (EEC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 12.0 [ICRA]D Rating downgraded
Fund Based- from [ICRA]BB-(Stable) and
Cash Credit simultaneously upgraded to
[ICRA]B-(Stable)
Short-term– 4.0 [ICRA]D Rating downgraded
Non-Fund Based from [ICRA]A4 and
Working Capital simultaneously upgraded to
[ICRA]A4
Rationale
The ratings downgrade notes the irregularities in debt servicing by
EEC in the past, while the simultaneous upgrade of the ratings
factors in subsequent regularisation of debt servicing for the past
three months. ICRA has been receiving the No Default Statement
(NDS) from EEC regularly in prior months, which did not suggest any
irregularity in debt servicing. However, the latest information
suggests that there were instances of overutilization of the Cash
Credit limits (of more than 30 days) in the past. The debt
servicing has been timely during the last three months.
The ratings are constrained by EEC's poor liquidity position, small
scale of operations and modest debt coverage indicators.
The firm's operations were severely impacted in FY2021 owing to the
Covid-19 pandemic-related restrictions as reflected by a sharp
decrease in operating income (OI) to INR16.2 crore in FY2021, from
INR39.9 crore in FY2020, while its working capital intensity
increased during the period. EEC's liquidity position thus remains
tight, with full utilization of working capital limits in the past
12 months ending in September 2021, due to high debtor days and
advances to workers. Further, given the repayment obligations
towards Guaranteed Emergency Credit Line (GECL), declining accruals
and limited cushion available in its working capital limits, the
liquidity position is expected to remain under pressure in the near
to medium term. The ratings also remain tempered by EEC's high
customer concentration risk as the entire order book is from Oil
and Natural Gas Corporation Ltd (ONGC) and Cairn Oil & Gas, Vedanta
Limited received on a subcontract basis.
The ratings, however, continue to positively factor in the firm's
extensive experience in providing on-shore 3D seismic survey
services to various oil and gas exploration and production (E&P)
companies. The ratings consider the low counterparty credit risk
owing to its the reputed clientele. The ratings also note the high
entry barriers given the technology and manpower-intensive nature
of business.
The Stable outlook reflects ICRA's belief that EEC will continue to
benefit from its long-standing presence in the oil field services
industry. Improvement in liquidity position and ramp-up of
operations to pre-Covid-19 levels will be the key monitorables
going forward.
Key rating drivers and their description
Credit strengths
* Established track record in oilfield services industry: The firm
has more than 30 years of experience in conducting onshore seismic
surveys for various oil and gas E&P companies. This has resulted in
constant order flow over the years.
* Reputed client profile: The counterparty credit risk remains low
as the firm mainly provides services to ONGC in the domestic
market. However, the customer concentration risk is high with
orders from ONGC and Cairn Oil & Gas, Vedanta Limited, received on
a subcontract basis, accounting for its entire order book.
Credit challenges
* Small scale of operations: The firm's scale of operation
continues to be small as reflected by an OI of INR16.2 crore in
FY2021, which declined from 39.9 crore in FY2020 due to various
pandemic-related challenges. Further, in 6MFY2022, it achieved an
OI of ~ INR12.5 crore. Improvement in revenues remains dependent on
further order addition and ramp up of project execution in Q4
FY2022.
* Weak coverage indicators: The coverage indicators remained weak
with interest coverage ratio of Debt/OPBDIT of 5.4 times and
NCA/Total Debt of 3.7% in FY2021 owing to high working capital
borrowing and low absolute OPBDITA arising from low scale of
operations.
* High working capital intensity: The firm's working capital
intensity remained high at 192% in FY2021 which increased from 72%
in FY2020 owing to high debtor days and advances to workers. Due to
the seasonality in business, most of the orders are executed in the
first and last quarters of the financial year, which results in
high year-end debtors. Further, owing to the manpower-intensive
business, VEC pays high advances to workers to retain quality
manpower.
* High customer concentration risk: EEC's customer concentration
risk is high, as the entire order book is filled with orders from
ONGC and Cairn Oil & Gas, Vedanta Limited received on a subcontract
basis. However, the counterparty credit risk remains low as the
firm primarily provides services to ONGC Ltd in the domestic
market.
* Inherent risk in oilfield seismic survey services business: The
oilfield services industry is a technology and manpower intensive
business. Although the same has resulted in high entry barriers,
the retention of manpower remains a challenge for the firm in the
survey business. A typical seismic data acquisition project is
executed between November and June during the non-monsoon season,
as it results in ease of the movement of manpower and better data
acquisition. This results in a predominant share of cash flows
being generated in the first and last quarters of the financial
year. Further, EEC's revenue is dependent on ability to win tenders
and favorable Government policies. Lower investment from various
oil and gas E&P companies can impact the revenue adversely.
* Risk of withdrawals as inherent in partnership firms: EEC is
exposed to the risk of withdrawals given the partnership nature of
the firm. However, the partners have infused capital worth INR5.5
crore in FY2018, INR3.2 crore in FY2019 and INR0.4 crore
in FY2020.
Liquidity position: Poor
EEC's liquidity position is poor given the full utilization of
working capital limits in the past twelve months ending in
September 2021 and the low cash balance of INR0.1 crore as of March
31, 2021. Further, the firm's liquidity position is likely to
remain under pressure in the near to medium term considering the
repayment obligations towards GECL, declining accruals and limited
cushion available in its working capital limits.
Rating sensitivities
Positive factors – The ratings can be upgraded if the firm is
able to improve its liquidity position, on a sustained basis, while
maintaining its profitability level and demonstrating healthy
increase in revenues.
Negative factors – The ratings may be revised downwards if there
is deterioration in the working capital cycle impacting the firm's
liquidity position. A further decline in revenues or profitability
resulting in weak cash accruals, on sustained basis, could also be
a trigger for a rating downgrade.
EEC was established in 1986 as a partnership firm. It provides
preliminary seismic survey services such as land and transition
zone surveys, shallow water services and acquisition of 2D and 3D
data through shot hole drilling process to oil exploration and
production (E&P) companies, primarily ONGC. The firm is based out
of Guntur, Andhra Pradesh and the operations are, at present,
managed by its partner, Mr. B. V. Sivarama Raju, who has nearly 30
years of experience in seismic services.
FLUID AND POWER: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Fluid and Power
Automations LLP'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:
-- INR9.63 mil. Term loan due on March 2022 migrated to non-
cooperating category with IND B+ (ISSUER NOT COOPERATING)
rating;
-- INR60 mil. Fund-based facilities migrated to non-cooperating
category with IND B+ (ISSUER NOT COOPERATING)/IND A4 (ISSUER
NOT COOPERATING) rating; and
-- INR22.5 mil. Non-fund-based facilities migrated to non-
cooperating category with IND A4 (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
November 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 2016, Fluid and Power Automations is an electrical
contractor in Goa.
FORTIS HEALTHCARE: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Fortis
Healthcare Holdings Private Limited 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– 490.00 [ICRA]D; ISSUER NOT
COOPERATING;
Bonds/NCD/LTD Rating Continues to remain under
'Issuer Not Cooperating'
Category
Short Term 300.00 [ICRA]D;ISSUER NOT COOPERATING;
NCD Rating Continues to remain under
'Issuer Not Cooperating'
Category
Commercial 200.00 [ICRA]D;ISSUER NOT COOPERATING;
Paper 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.
Fortis Healthcare Holdings Private Limited (FHHPL) is a
holding/investment company, controlled by promoters of Religare
Enterprises and Fortis Healthcare Limited, Mr Malvinder Mohan Singh
and Mr. Shivinder Mohan Singh. FHHPL holds stake in multiple
companies/assets of Mr. Malvinder Singh, Mr. Shivinder Singh and
their associates. FHHPL, is in turn held by RHC Holding Private
Limited (RHC) and Oscar Investments Limited (Oscar), both of which
are promoter holding companies.
GANAPATI ALLIED: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Ganapati Allied Works Pvt. Ltd.
162, Light Industrial Area
Chhaoni, Bhillai
Chhattishgarh 490001
Insolvency Commencement Date: November 29, 2021
Court: National Company Law Tribunal, Bhubaneswar Bench
Estimated date of closure of
insolvency resolution process: May 27, 2022
Insolvency professional: Saroja Kumar Prusty
Interim Resolution
Professional: Saroja Kumar Prusty
Plot No. 33/7, Gada Mahavir Vihar
Old Town, Bhubaneswar-2
Khorda, Orissa 751002
E-mail: sarojprusty.adv13@gmail.com
Last date for
submission of claims: December 12, 2021
GAYATHRI SUSTAINABLE: ICRA Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Gayathri
Sustainable Energies India 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- 4.80 [ICRA]B+ (Stable) ISSUER NOT
Fund Based/CC COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term- 18.07 [ICRA]B+(Stable) ISSUER NOT
Unallocated 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.
Founded in 2011, Gayathri Sustainable Energies India Private
Limited (GSEIPL) is engaged in wind power generation. The company
is headquartered in Hyderabad while its wind power plants are
located in Tamil Nadu. It has established five wind electric
generators, with 0.85MW generation capacity each, in association
with Gamesa in Coimbatore. Additionally, two wind electric
generators with 0.85MW capacity each, based in Theni district in
Tamil Nadu, were added by GSEPL in 2012. The total wind power
capacity of the company stands at 5.95 MW.
GEETANJALI AGRO: ICRA B+ Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the long-term ratings of Geetanjali Agro
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- 10.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based/CC COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term- 3.00 [ICRA]B+ (Stable) ISSUER NOT
Unallocated 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.
Established in 2014 by Mr. B. Srinivas and family, GAI is a
partnership firm, involved in the milling of paddy and produces
zrice. The firm's major products include boiled rice, raw rice,
bran, broken rice and husk. Although the rice mill commenced
operations in November 2013, the promoter group has been involved
in similar business for more than two decades. GAI's plant is
spread over an area of 5 acres in Raichur district of Karnataka
with a capacity to process 8 MT of paddy per hour. The firm sells
its products under the brand name 'Geetanjali' with different
variants such Mayur, Gold, Life, Camel, Camel Gold, and Perfect
Broken Rice.
GLOBAL METAL: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Global
Metal & Energy Private Limited in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]D: ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 53.74 [ICRA]D; ISSUER NOT COOPERATING;
Fund Based- Rating Continues to remain under
Term Loan the 'Issuer Not Cooperating'
category
Long Term 2.06 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating 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.
Incorporated in August 2012, GMEPL operates a 2.55 MW and 10 MW
wind-based power plants in District Sangli, Maharashtra. The 10 MW
project had a project cost of INR67.27 crore has been funded by
term loan (from Rural Electrification Corporation Limited) of
INR47.09 crore and equity of INR20.18 crore.
GOKUL COTTON: ICRA Keeps B+ Ratings in Not Cooperating Category
---------------------------------------------------------------
ICRA has retained the long-term ratings of Gokul Cotton Industries
in the 'Issuer Not Cooperating' category. The ratings are denoted
as [[ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Cash Credit 9.00 [ICRA]B+ (Stable) ISSUER NOT
COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Unallocated 11.00 [ICRA]B+(Stable); ISSUER NOT
Limits COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, 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.
GCI was established as a partnership firm in September 2013 and
started the business of ginning and pressing of cotton from April
2014. GCI's manufacturing facility is located at Tankara, in the
Rajkot district of Gujarat. The unit is equipped with 32 ginning
machines and one pressing machine and has a processing capacity of
approximately 16000 MTPA of raw cotton. The key promoters of the
firm Mr. Dinesh R. Bhoraniya and Mr. Mulji G. Ghodasara, have
extensive experience in the cotton ginning business.
GURUMAHARAJ ENGICON: ICRA Withdraws B+ Rating on INR40cr Debts
--------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Gurumaharaj Engicon Private Limited at the request of the company
and based on the No Objection Certificate/Closure Certificate
received from the banker. However, ICRA does not have information
to suggest that the credit risk has changed since the time the
rating was last reviewed. The Key Rating Drivers, Liquidity
Position, Rating Sensitivities, Key Financial indicators have not
been captured as the rated instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Untied limits 40.00 [ICRA] B+(Stable)/[ICRA]A4;
ISSUER NOT COOPERATING;
Withdrawn
Gurumaharaj Engicon Private Limited (GMEPL) was initially
established as a partnership firm in the name of Guru Maharaj
Construction in 2002 and was converted into a private limited
company with its current name with effect from April 10, 2019. Mr.
Jitendra Lenka and Mr. Gyanendra Kumar Routray, the Promoters,
currently manage the company. GMEPL undertakes civil construction
activities for various public and private sector entities, mainly
in the irrigation and water supply segment.
JAGTAR SINGH: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Jagtar Singh & Sons Hydraulics Private Limited
C-1/B Mansarover Garden
Delhi 110015
Insolvency Commencement Date: November 23, 2021
Court: National Company Law Tribunal, Court No. III
New Delhi Bench
Estimated date of closure of
insolvency resolution process: May 22, 2022
Insolvency professional: Piyush Moona
Interim Resolution
Professional: Piyush Moona
Flat no. 04034 ATS Advantage
Ahinsa Khand 1, Indirapuram
Ghaziabad 201014
E-mail: piyushmoona@gmail.com
- and -
J Mandal & CO.
A-9, Sector 9
Noida 201301
E-mail: jssh.cirp@gmail.com
Last date for
submission of claims: December 7, 2021
JEYASOUNDHARAM TEXTILE: ICRA Keeps C Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sree
Jeyasoundharam Textile Mills Private Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA]C/[ICRA]A4;
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 17.00 [ICRA]C ISSUER NOT COOPERATING;
Fund Based- Rating continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long Term- 6.07 [ICRA]C ISSUER NOT COOPERATING;
Fund Based- Rating continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long Term (1.00) [ICRA]C;ISSUER NOT COOPERATING;
Interchangeable Rating continue to remain under
the 'Issuer Not Cooperating'
category
Long Term- 1.33 [ICRA]C;ISSUER NOT COOPERATING;
Unallocated Rating continue to remain under
the 'Issuer Not Cooperating'
category
Short Term- 3.25 [ICRA] A4;ISSUER NOT
Non 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.
Sree Jeyasoundharam Textile Mills Private Limited was established
by Mr. J Rajesh and Mrs. J Gnanamani as a partnership Sree
Jeyasoundharam Textile Mills Private Limited was incorporated as a
private limited company in September 1989 in Sivagangai, Tamil
Nadu. In 1997, it was taken over by Mr. T R Dhinakaran, the
promoter of Ramalinga Group of Companies. The company is primarily
engaged in manufacturing of cotton yarn of medium to fine counts.
Over the years, the company has increased the spindle capacity from
3,000 spindles to its current level of 41,760 spindles and 672
rotors. The company is a part of Ramalinga Group of Companies based
out of Aruppukottai, Tamil Nadu. The major companies in the
Ramalinga group include (a) Shri Ramalinga Mills Limited (SRML)
(ii) Aruppukottai Shri Ramalinga Spinners Private Limited and (iii)
Tamilnadu Jaibharath Mills Limited.
JONNA STEELS: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the long-term ratings of Jonna Steels in the
'Issuer Not Cooperating' category. The ratings are denoted as
[[ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 14.50 [ICRA]B+ (Stable) ISSUER NOT
Fund Based/CC COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term-
Unallocated 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.
JS was founded in year 1998 by Mr. Veeranjaneyulu. It is involved
in the trading of iron and steel products. JS deals in the complete
range of iron and steel products including structural, mild
structure (MS) range (beams, flats, rounds, etc.), and thermo
mechanically tested (TMT) bars. The firm procures traded products
from steel rolling mills located in and around Hyderabad.
KANOI PLANTATIONS: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Kanoi Plantations Private Limited
Registered address:
22, Sarat Bose Road
Sunny Corner 2nd Floor
Kolkata 700020
West Bengal
Old address:
4, Hastings Park Road
Alipore, Kolkata 700027
West Bengal
Insolvency Commencement Date: November 25, 2021
Court: National Company Law Tribunal, Kolkata Bench
Estimated date of closure of
insolvency resolution process: May 23, 2022
Insolvency professional: Kamal Nayan Jain
Interim Resolution
Professional: Kamal Nayan Jain
Klass Insolvency Resolution Professionals
Pvt. Ltd.
2/7, Sarat Bose Road
Vasundhara Apartment, 2nd Floor
Kolkata 700020
E-mail: ip.knjain@gmail.com
knjain@knjainco.com
Last date for
submission of claims: December 9, 2021
KHARIKATIA TEA: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Kharikatia Tea & Industries Limited
CF-366, Salt Lake City Sector-1
Kolkata 700064
West Bengal
Insolvency Commencement Date: December 1, 2021
Court: National Company Law Tribunal, Kolkata Bench
Estimated date of closure of
insolvency resolution process: May 30, 2022
Insolvency professional: Birendra Kumar Tripathi
Interim Resolution
Professional: Birendra Kumar Tripathi
60/2/1 Hari Padda Dutta Lane
Golf View Apartment
Flat No. 7, 3rd Floor
Kolkata 700033
West Bengal
E-mail: bkt9000@gmail.com
cirp.kharikatiatea@gmail.com
Last date for
submission of claims: December 14, 2021
LONE FURROW: Ind-Ra Gives Non-Convertible Debts 'BB' Rating
-----------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Lone Furrow
Investments Private Limited's (LF) proposed non-convertible
debentures (NCDs) a provisional rating of 'IND BB' with a Stable
Outlook as follows:
-- INR2.5 mil. Proposed NCDs I # due on December 2024 assigned
with Provisional IND BB/Stable rating; and
-- INR2.0 mil. Proposed NCDs II # due on December 2024 assigned
with Provisional IND BB/Stable rating.
# The rating is provisional and the final rating will be assigned
on the conformance of the executed documents, in line with the
originally envisaged draft documents.
The proposed NCDs will be backed by the 15.3% shares held by LF in
Medplus Health Services Limited (Medplus) and the debt carries a
cross-default feature with all the group entities (including the
promoter-owned entities).
Analytical Approach: To arrive at the ratings, Ind-Ra has
consolidated the business and financial risk profiles of LF and all
the entities in Medplus group, together referred to as the group,
as it believes that the successful repayment/refinancing of debt
depends on the market value of Medplus post listing on the stock
market. The ratings of the operating entities within the Medplus
Group could be meaningfully different from that of the rated NCDs,
given that the cash flows may not be fully fungible across the
group. LF has no operations of its own and is the holding company
of Medplus.
Proposed Debt to Meet Repayment Triggered by Upcoming IPO: Medplus,
which operates a retail pharmacy chain under the brand name
Medplus, had filed a draft red herring prospectus in August 2020.
The management hopes to complete the initial public offer (IPO) in
December 2021. Upon listing, LF will be obligated to repay the
existing debt taken from Premji Investments (PI), which has
subscribed to NCDs of INR3 billion raised earlier by LF. According
to LF's management, the company will use the proceeds from the
rated NCDs towards the debt repayment of INR3.5 billion to PI
including accrued interest.
LF took a debt of INR3 billion from PI in February 2021; the
repayment of which gets triggered by an IPO. The agency believes LF
may use the remaining of proceeds towards part prepayment of NCDs
of its group company Agile Med Investments Private Ltd (Agile Med,
promoter holding company, holds 14% stake in MedPlus). Ind-Ra
believes the proposed repayments would result in the release of
shares pledged and also reduce the overall interest outgo, owing to
improved pricing of the proposed NCDs. The tenure of the proposed
NCDs is three years with a nil coupon and a single bullet repayment
of premium and principal. The draft sanction terms of the proposed
NCDs include a 2x security cover; a pledge of LF's 100% stake;
non-disposal undertaking over 6% of the shareholding in Medplus;
cross default clause from any of the group entities (including the
promoter owned entities) and personal guarantee of the promoter.
KEY RATING DRIVERS
Weak Cash Fungibility from Medplus to Holdcos: Although Medplus'
holding companies (holdcos) have been infusing equity into the
former, there has been no dividend outflow from Medplus until date.
Additionally, there has been no instance of Medplus or its
subsidiaries being leveraged to fund any of the holdcos' debt.
Therefore, the group derives financial flexibility entirely from
the promoters' unpledged shareholding in Medplus, whose valuation
has been increasing over years.
Group's Credit Profile Affected by Holdco Debt: The agency expects
the holdco-level debt, post the issuance of the proposed NCDs, to
be about INR6.8 billion (LF's INR4.5 billion and Agile Med's about
INR2.25 billion).
At the standalone operational entity level, Medplus continues to
have a comfortable credit profile. Its net adjusted leverage (net
adjusted debt/EBITDA) improved to 2.7x in FY21 (FY20: 3.6x) and
interest coverage to 4x (2.9x) owing to an improvement in EBITDA to
INR2,168 million (INR1,340 million), backed by an improvement in
the revenue mix. However, the group-level gross adjusted
consolidated leverage was 5.4x in FY21 (FY20: 3.6x) and is likely
to move to over 6.5x by FYE22 with the refinancing getting
concluded. The group-level interest coverage was 2.7x in FY21
(FY20: 2.9x) and is likely to moderate to about 1.5x over FY22,
owing to the growing interest accrued towards the holding company's
debt. Ind-Ra takes comfort from the strong debt-service coverage
ratio of the group over FY22-FY23, owing to no term debt repayment
obligations till February 2024.
Liquidity Indicator- Adequate: Ind-Ra believes that the cash flows
of LF and Medplus group would be unaffected over the next two
years, as there is no debt servicing requirement towards the rated
NCDs. Due date for borrowings at Agile Med is February 9, 2024
while the proposed NCDs will fall due for redemption in December
2024. Only other debt of the group INR1.35 billion (as of FYE21)
is working capital debt on Optival Health Solutions Pvt Ltd
(Optival;100% subsidiary of Medplus). While the management does not
expect the repayment of the proposed NCDs to be debt funded, the
market valuation of Medplus post the IPO would be key for
visibility on the financial flexibility to refinance or repay the
NCD through the sale of investment; the same will be a key
monitorable for the agency.
Medplus-Driven Group Liquidity: At a standalone level, Medplus
operates pathological laboratories business. Its pharmacy retail
business is operated by its subsidiary company, Optival Health
Solutions. At FYE21, Medplus operated over 2,000 stores, generating
a revenue of INR30 billion (FY20: INR29 billion) with an EBITDA
margin of 7.1% (4.7%). While the growth in revenue was driven
primarily by the COVID-19 pandemic-led demand and addition of
stores, the EBITDA margin improvement was backed by increased share
of private labels (FY21: 10%; FY19-FY20: 5%-6%). The company has a
stable average net working capital cycle of about 40 days
(FY18-FY20), which elongated to 60 days in FY21 mainly due to the
stocking up of inventory to meet the surge in demand for COVID-19
related products. The company has INR1.75 billion of working
capital limits with an average utilization of 43% during the 12
months ending October 2021.
RATING SENSITIVITIES
Positive: The timely completion of the IPO and an increase in the
financial flexibility of the group leading to a significant
improvement in the group-level leverage can lead to positive rating
action
Negative: Inability to conclude the IPO as envisaged or a decline
in the financial flexibility of the group impacting the ability to
refinance debt can lead to a negative rating action.
COMPANY PROFILE
Incorporated in FY21, LF is a special purpose vehicle fully owned
by Gangadi Madhukar Reddy, founder promoter (MD and CEO) of Medplus
through Gangadi Investments Private Limited. LF holds 15.28% stake
in Medplus. There are no operations in the company. Founded in
2006, MedPlus is the second-largest retail pharmacy chain in India,
with over 19% market share of the organized retail pharmacy market.
It has a network of over 2,000 stores spanning across 210 cities,
seven states operated majorly through its own stores (including 40
hospital pharmacies) and 90 franchised stores.
MAHATMA GANDHI: ICRA Keeps C+ Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of The
Mahatma Gandhi Sahakara Sakkare Karkhane in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA] C+; ISSUER
NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 15.00 [ICRA]C+ ISSUER NOT COOPERATING;
Fund Based/CC Rating continues to remain under
'Issuer Not Cooperating'
Category
Long Term- 20.00 [ICRA]C+ 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.
MGSSK, a co-operative society registered under the Karnataka
Co-operative Societies Act, 1959, operates a sugar mill with a
capacity of 3,500 tonne of cane per day (TCD), integrated with an
8-megawatt (MW) co-generation power plant, in Balki Taluk of Bidar
district in Karnataka. Registered in March 1981, the entity
commenced its commercial operations in FY2003 with 2,500-TCD
crushing capacity. Registered in April 1991, the society commenced
its operations in November 2003 with 2500 TCD. In FY2012 and
FY2013, the entity expanded its processing capacity to 3500 TCD and
installed the cogeneration plant.
MALLICK PROJECTS: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Mallick Projects Private Limited
Shrutineer Apartment, 1st Floor
23/2/1/1, Bhagaban Chatterjee Lane
Howrah 711101
Insolvency Commencement Date: November 25, 2021
Court: National Company Law Tribunal, Kolkata Bench
Estimated date of closure of
insolvency resolution process: May 24, 2022
Insolvency professional: Neeraj Kejriwal
Interim Resolution
Professional: Neeraj Kejriwal
P-40 CIT Scheme VI M
Phoolbagan
Riddhi Siddhi Apartment, 1st Floor
Kolkata 700054
E-mail: nkejriwal.ip@gmail.com
mallick.cirp@gmail.com
Last date for
submission of claims: December 9, 2021
MCLEOD RUSSEL: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the long-term and short-term ratings of Mcleod
Russel India Limited in the 'Issuer Not Cooperating' category. The
ratings are denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Term Loan 360.00 [ICRA]D; ISSUER NOT COOPERATING;
Rating Continues to remain under
'Issuer Not Cooperating'
Category
Fund-based 491.76 [ICRA]D; ISSUER NOT COOPERATING;
Bank Facilities Rating Continues to remain under
'Issuer Not Cooperating'
Category
Fund-based 163.92 [ICRA]D; ISSUER NOT COOPERATING;
Bank Facilities Rating Continues to remain under
'Issuer Not Cooperating'
Category
Non-fund-based 15.41 [ICRA]D; ISSUER NOT COOPERATING;
Bank Facilities Rating Continues to remain under
'Issuer Not Cooperating'
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.
McLeod Russel India Limited (MRIL), the tea plantation company of
the Kolkata-based B.M. Khaitan Group, was originally incorporated
as Eveready Company India Private Ltd. on May 5, 1998. MRIL was
formed after the demerger of the bulktea business from Eveready
Industries India Ltd. (EIIL) with effect from April 1, 2004. MRIL
has acquired several other companies like Williamson Tea Assam in
FY2006, Doom Dooma Tea Company in FY2007 and Moran Tea in FY2008.
These acquisitions helped MRIL increase the number of tea estates
to 53 in India with 33,723 hectares (Ha) of total land under tea
cultivation. In FY2019 and FY2020, MRIL has sold various tea
estates, both in Assam and in the Dooars. MRIL is primarily a
producer of CTC tea, which accounts for around 96% of the total tea
production.
MELTROLL ENGINEERING: ICRA Withdraws B+ Rating on INR4.02cr Loan
----------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Meltroll Engineering Private Limited at the request of the company
and based on the No Due Certificate/Closure certificate received
from the banker. However, ICRA does not have information to suggest
that the credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position, Rating
Sensitivities, Key Financial indicators have not been captured as
the rated instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 2.00 [ICRA]B+ (Stable); ISSUER NOT
Fund Based- COOPERATING; Withdrawn
Cash Credit
Long Term– 4.02 [ICRA]B+ (Stable); ISSUER NOT
Non Fund Based COOPERATING; Withdrawn
Short Term– 6.50 [ICRA]A4; ISSUER NOT
Fund Based COOPERATING; Withdrawn
Meltroll Engineering Private Limited (MEPL) manufactures stainless
steel (SS) bright bars from SS wire rods. The company mainly deals
in 300 and 400 series of bright bars. MEPL has an installed
capacity of 6000 metric tons per annum (MTPA) at its manufacturing
facility located at Rabale, Navi Mumbai.The promoter Mr. V. P.
Sharma ventured into SS bright bar trading through a proprietary
firm in 1989. The promoter's sons Mr. Kunal Sharma and Mr. Kapil
Sharma joined the business in 1991 and are actively involved in
day-to-day operations of the company.
MONTFORT EDUCATIONAL: ICRA Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the long-term ratings of Montfort Educational And
Charitable Trust Of The Brothers Of St. Gabriel in the 'Issuer Not
Cooperating' category. The ratings are denoted as
[[ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 10.63 [ICRA]B+ (Stable) ISSUER NOT
Fund Based/TL COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Fund Based 0.37 [ICRA]B+(Stable); ISSUER NOT
Unallocated 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.
Established in the year 1998, Montfort Educational and Charitable
Trust of The Brothers of St. Gabriel is managed by the Montfort
Brothers of St. Gabriel, a religious Society of the Catholic
Church, founded by St. Louis Grignion de Montfort in the 18th
century in France. The trust operates four schools under the trust
with Lake Montfort school being the largest institution among all.
At present, the school provides education from kindergarten to XII
students under CBSE curriculum and has a student strength of 2502
for AY2019-20.
MURARI PAVAN: ICRA Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has retained the long-term ratings of Sri Murari Pavan
Agrotech in the 'Issuer Not Cooperating' category. The ratings are
denoted as [[ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 9.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based/CC 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.
Sri Murari Pavan Agrotech (SMPA) was incorporated in 2015 as a
partnership firm and is based out in Nandyal town of Kurnool
district, Andhra Pradesh and is involved in the ginning & pressing
of raw cotton to produce cotton lint & seeds. The firm has 24 gins
and one pressing unit. The current capacity of the plant is 48000
bales of lint per annum. The operations are currently managed by
Mr. B. Srihari and his family members who have more than 20 years
of experience in ginning Industry.
PATDIAM JEWELLERY: Ind-Ra Moves 'BB-' Rating to Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Patdiam Jewellery
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 BB-
(ISSUER NOT COOPERATING)' on the agency's website.
The instrument-wise rating action is:
-- INR210 mil. Fund-based facilities migrated to 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
October 29, 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 2004, Patdiam Jewellery Limited is a part of the
Patdiam Group. It manufactures and exports high-end specialty
diamond-studded jewelry, mainly to European countries, and is
listed on the BSE.
PR PACKING: ICRA Moves D Debt Ratings to Not Cooperating Category
-----------------------------------------------------------------
ICRA has moved the rating assigned on the bank facilities of PR
Packing Service (PRP) to the Issuer Not Cooperating category. The
rating is denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term– 15.00 [ICRA]D; ISSUER NOT
COOPERATING;
Fund based Rating moved to 'Issuer Not
Limit Cooperating' Category
Unallocated 3.50 [ICRA]D/[ICRA]D; ISSUER NOT
limit COOPERATING; Rating moved to
Issuer Not Cooperating category
ICRA has been trying to seek information from the entity to monitor
its performance and as part of its process and in accordance with
its rating agreement with PR Packing Service, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. However, despite multiple 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 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.
PR Packing Service is a partnership firm established in 1999 by
Late Mr. Dhananjay Bhansali and his wife Mrs. Rekha Bhansali. At
present, the firm's operations are managed by their sons, Mr.
Pathik Bhansali and Mr. Parth Bhansali. It manufactures corrugated
boxes using kraft paper. PRP has two manufacturing units in
Silvassa (Union Territory of Dadra and Nagar Haveli) with a
collective production capacity of 28,800 tonne per annum. Its
registered office is in Mumbai. The operations of the firm are ISO
9001:2008 and ISO 22000:2005 certified.
PRARTHNA PRIVATE: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Prarthna Private Limited
Office No. 105, 1st Floor
Standard House 83
Maharshi Karve Road
Mumbai 400002
Insolvency Commencement Date: November 26, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: May 25, 2022
Insolvency professional: Ms. Dipti Atul Mehta
Interim Resolution
Professional: Ms. Dipti Atul Mehta
201-206, Shiv Smriti, 2nd Floor
49A, Dr. Annie Besant Road
Above Corporation Bank
Worli, Mumbai 400018
Mobile: +91 9820292415
E-mail: dipti@mehta-mehta.com
cirpprarthna@gmail.com
Last date for
submission of claims: Decemer 13, 2021
PROFISOR SERVICES: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Profisor Services Private Limited
109, Wing-I, Hans Bhawan
Bahadur Shah Zafar Marg
New Delhi 110002
Insolvency Commencement Date: November 29, 2021
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: May 28, 2022
(180 days from commencement)
Insolvency professional: Samuya Kumar Singh
Interim Resolution
Professional: Samuya Kumar Singh
G-3, Lajpat Nagar-I
New Delhi 110024
E-mail: sksingh2046@gmail.com
cirp.profisor21@gmail.com
Last date for
submission of claims: December 15, 2021
RADIANCE PROPERTIES: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Radiance Properties (India) Pvt Ltd
Office No. 905/906, Level-9
Maithili's Signet
Plot No. 39/4, Sector-30A
Vashi, Navi Mumbai 400705
Insolvency Commencement Date: November 26, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: May 25, 2022
(180 days from commencement)
Insolvency professional: Anuj Bajpai
Interim Resolution
Professional: Anuj Bajpai
Headway Resolution and Insolvency
Services Pvt. Ltd.
708, Raheja Centre
7th Floor, Nariman Point
Mumbai 400021
Maharashtra
E-mail: anuj19603@yahoo.co.in
cirpradiance@gmail.com
Classes of creditors: Home Buyers
Insolvency
Professionals
Representative of
Creditors in a class: Mr. Vinod Bukalsaria
Mr. Rajendra Agrawal
Mr. Rajan Agarwal
Last date for
submission of claims: December 13, 2021
RELIANCE CAPITAL: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Reliance Capital Limited
Registered and Principal office:
Trade World, B-Wing
7th Floor, Kamala Mills Compound
Senapati Bapat Marg, Lower Parel
Mumbai 400013
Insolvency Commencement Date: December 6, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: June 4, 2022
(180 days from commencement)
Insolvency professional: Shri Nageswara Rao Y
Interim Resolution
Professional: Shri Nageswara Rao Y
Trade World, B-Wing
7th Floor, Kamala Mills Compound
Senapati Bapat Marg, Lower Parel
Mumbai 400013
E-mail: rcap.administrator@
relianceada.com
Last date for
submission of claims: December 20, 2021
ROYALPET VANIJYA: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Royalpet Vanijya Private Limited
2, Raja Woodmunt Street
Kolkata 700001
Insolvency Commencement Date: December 1, 2021
Court: National Company Law Tribunal, Kolkata Bench
Estimated date of closure of
insolvency resolution process: May 29, 2022
(180 days from commencement)
Insolvency professional: Sudipta Ghosh
Interim Resolution
Professional: Sudipta Ghosh
8, N.N. Mukherjee 3rd Lane
Uttarpara, Hooghly 712258
E-mail: sudipta_ghosh08@yahoo.com
- and -
29C, Bentinck Street
2nd Floor
Kolkata 700001
E-mail: cirp.royalpet@gmail.com
Last date for
submission of claims: December 15, 2021
SCHOOL BOOK: ICRA Withdraws B+ Rating on INR9.0cr Loans
-------------------------------------------------------
ICRA has withdrawn the ratings on certain bank facilities of School
Book Company (SBC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term–
Fund based/CC 6.0 [ICRA]B+, Withdrawn
Long Term–
Fund based /TL 3.0 [ICRA]B+, Withdrawn
Rationale
The long-term rating assigned to the bank facilities of SBC has
been withdrawn at the request of the company and based on the No
Objections Certificate received from the banker, and in accordance
with ICRA's policy on withdrawal and suspension. However, ICRA does
not have information to suggest that the credit risk has changed
since the time the rating was last reviewed.
The Key Rating Drivers, Liquidity Position, Rating Sensitivities
and key financial indicators have not been captured as the rated
instrument is being withdrawn. The previous detailed rating
rationale is available at the following link: Click here.
School Book Company (SBC) is based in Mangalore and trades in
notebooks, stationery paper, other stationery items (normally used
in offices and schools) and textbooks (school and general). It also
has a digital printing solution. The firm was established in 1922
and has a multi-storied central warehouse in Mangalore for its
trading and distribution operations, two retail shops in Mangalore
(Car Street and KS Rao Road) and a digital printing press. It is
managed by 10 partners of the Bhandary family.
SCL HEALTHCARE: Ind-Ra Assigns BB LT Issuer Rating, Outlook Stable
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned SCL Healthcare
Private Limited (SCLHPL) a Long-Term Issuer Rating of 'IND BB',
with a Stable Outlook.
The instrument-wise rating actions are:
-- INR1.220 bil. Term loan due on March 2032 assigned with
IND BB/Stable rating; and
-- INR60 mil. Fund-based working capital limits assigned with
IND BB/Stable/IND A4+ rating.
KEY RATING DRIVERS
The ratings reflect the time & cost overrun and funding risks
associated with SCLHPL's under-construction hospital. The
management expects the hospital operations to commence in April
2022 with over 380 beds, offering a wide range of health care
services. Ind-Ra however expects the scale of operations to remain
small over the medium term owing to the initial low occupancy rate.
The management expects the out-patient revenue to commence from
January 2022, with an occupancy rate of 35% for FY23 and a steady
increase thereafter.
Liquidity Indicator - Stretched: The total investment for the
project was INR1,991 million, of which INR1,220 million was funded
through term loans (61%) and the remaining through promoters'
contribution (39%) in the form of equity and unsecured loans. The
company also availed of a letter of credit of INR200 million as
well as a bank guarantee of INR50 million, which is a sub-limit of
the term loan. As of November 8, 2021, out of INR1,991 million of
the project cost, SCLHPL has already incurred INR1,480.6 million
(74%), which was funded through a term loan disbursement of INR814
million and the remaining from promoters' contribution. The agency
expects the remaining CAPEX to be completed by March 2022. The
company's day-to-day requirements will be met through fund-based
working capital limits amounting to INR60 million. In the event of
a delay in the completion of the remaining CAPEX, the expenses will
be funded by promoters. The repayment obligations will commence
from April 2023 - INR47.7 million in FY23 and INR70.8 million in
FY24.
The ratings, however, draw comfort from SCLHPL being formed as a
collaboration of various doctor partners with a track record of
over two decades in the healthcare industry. Furthermore, SCLHPL
benefits from the facilities it caters to, namely stem cell
therapy, bone marrow transplant, and in-vitro fertilization.
RATING SENSITIVITIES
Negative: Instability in the operating performance after the
commencement of commercial operations, affecting the profitability,
liquidity, and credit metrics could be negative for the ratings.
Positive: The achievement of stable operating profitability, credit
metrics and liquidity, post the commencement of commercial
operations, will be positive for the ratings.
COMPANY PROFILE
SCLHPL was incorporated on November 20, 2017, as a private limited
company. The company has been incorporated with a view to provide
specialized tertiary care services in all super specialties. The
company is setting up a 380-bed tertiary care hospital in the name
of Accord Super Specialty Hospital in Faridabad, with a possible
expansion into a 500-bed multi-super specialty hospital along with
inclusion of advanced medical services. The hospital has been set
up by Dr. Rohit Gupta, Dr. Prabal Roy, Dr. Rishi Gupta, Mr.
Niranjan Prasad, Dr. Sabita Kumari, Dr. Ram Chandra Soni.
SHOES ON LOOSE: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Shoes on Loose Private Limited
177, Second Floor
Adharshila Gautam Nagar
New Delhi, South Delhi 110049
India
Insolvency Commencement Date: November 30, 2021
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: May 29, 2022
Insolvency professional: Madan Mohan Dhupar
Interim Resolution
Professional: Madan Mohan Dhupar
Flat No. 301, Gracious Tower
S P R Imperial Estate
Sector 82, Faridabad
Haryana 121004
E-mail: dhuparmm@gmail.com
- and -
BH-502, Puri Business Hub
Sector 81, Faridabad 121004
E-mail: dhupar.solpl@gmail.com
Last date for
submission of claims: December 17, 2021
SHREERAM AND SONS: ICRA Cuts Rating on INR3cr LT Loan to D
----------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Shreeram
and Sons (SAS), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- (3.00) [ICRA]D ISSUER NOT COOPERATING;
Fund Based Rating downgraded from
[ICRA]B+(Stable) and Continues to
remain under 'Issuer Not
Cooperating' category
Short Term- 15.00 [ICRA]D ISSUER NOT COOPERATING;
Fund Based Rating downgraded from
[ICRA]A4 and Continues to remain
under 'Issuer Not Cooperating'
category
Short Term- 1.00 [ICRA]D ISSUER NOT COOPERATING;
Non-Fund Based Rating downgraded from
[ICRA]A4 and Continues to remain
under 'Issuer Not Cooperating'
category
Rationale
The rating downgrade reflects delays in debt servicing as mentioned
in the mail received by Banker directly.
The rating is based on limited information on the entity's
performance since the time it was last rated in September 2020. The
lenders, investors and other market participants are thus advised
to exercise appropriate caution while using this rating as the
rating may not adequately reflect the credit risk profile of the
entity, despite the downgrade.
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Incorporated in 2012, Shreeram and Sons (SAS) is an apparel
manufacturing firm, which caters to both the export and the
domestic markets. It manufactures and exports apparels to the US,
Korea and European countries. It specialises in manufacturing of
shirts and bottom wear for all age groups and for both men and
women. It procures fabric from customerapproved suppliers based in
India. It then partners with the client to design the product or
manufactures the same based on the specifications provided by the
customer.
SIDDHARTHA ENGINEERING: Insolvency Resolution Process Case Summary
------------------------------------------------------------------
Debtor: Siddhartha Engineering Limited
Plot No. 1015, Near NH5
Nayapalli, Bhubaneswar 751012
Orissa, India
Insolvency Commencement Date: December 1, 2021
Court: National Company Law Tribunal, Bhubaneswar Bench
Estimated date of closure of
insolvency resolution process: May 30, 2022
Insolvency professional: Prasanta Kumar Mallik
Interim Resolution
Professional: Prasanta Kumar Mallik
G A Plot No. 212, Bharatpur
Bhubaneswar 751003
Odisha
E-mail: malik_prasantakumar@yahoo.com
cirp.siddhartha@gmail.com
Last date for
submission of claims: December 15, 2021
SIMPLEX CASTING: Ind-Ra Corrects November 26, 2021 Rating Release
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) rectified Simplex Casting
Limited's (SCL) rating published on November 26, 2021 to correctly
state the date on which the debt repayments were regularized.
The amended version is:
India Ratings and Research (Ind-Ra) has upgraded Simplex Casting
Limited's (SCL) Long-Term Issuer Rating to 'IND B' from 'IND D
(ISSUER NOT COOPERATING)'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR350 mil. (reduced from INR500 mil.) Fund-based working
capital limit upgraded with IND B/Stable rating;
-- INR370 mil. (reduced from INR550 mil.) Non-fund-based working
capital limit upgraded with IND A4 rating;
-- INR146.4 mil. Term loan* due on April 2021 is withdrawn; and
-- INR84.6 mil. Term loan due on March 2025 assigned with IND B/
Stable rating.
*Ind-Ra is no longer required to maintain the rating for term loan
as the agency has received a no dues 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.
The upgrade reflects the timely repayment of debt obligations since
August 9, 2021 and an improvement in the company's financial
performance in FY21.
KEY RATING DRIVERS
SCL's revenue increased to INR805.58 million in FY21 (FY20: INR544
million) owing to an increase in the number of orders received.
Till October 2021, SCL booked revenue of around INR450 million. In
FY22, the management expects to achieve revenue of around INR1160
million due to an increase in capacity with the addition of an 80
metric ton-per day furnace and a 10 metric tons holder facility,
which will be operational by end-November 2021. Currently, it has a
furnace with a capacity of 30 metric tons per day.
The company reported modest EBITDA margins of 19.04% with a return
on capital of 8% in FY21, against an EBITDA loss in FY20. This was
because of a reduction in administration cost as a percentage of
revenue to 21.64% in FY21 (FY20: 60.84%), as result of sale of Urla
steel casting foundry unit. Management expects the margins to
improve in FY22, owing to the increase in scale of operations.
The company's credit metrics remained weak despite improving in
FY21. The gross interest coverage (operating EBITDA/gross interest
expense) was 1.52x in FY21 and the net leverage (total adjusted
net debt/operating EBITDAR was 4.82x. Ind-Ra expects the credit
metrics to continue to be weak over the medium term owing to its
high debt levels.
Liquidity Indicator - Poor: SCL's average maximum utilization of
the fund-based limits was 103.55% with multiple instances of
overutilization of up to 30 days and the non-fund-based limits was
26.80% during the 12 months ended October 2021. The cash flow from
operations deteriorated further to negative INR93.25 million in
FY21 (FY20: negative INR72.59 million), due to unfavorable changes
in working capital. The free cash flow improved, although remained
negative at INR98.61 million in FY21 (FY20: negative INR113.28
million). The working capital cycle elongated to 464 days in FY21
(FY20: 355 days), due to an increase in the inventory holding
period to 517 days (379 days). The cash and cash equivalents stood
at INR7.87 million at FYE21(FYE20: INR11.38 million). The company
has also availed a guaranteed emergency credit line of INR84.6
million. SCL availed the Reserve Bank of India-prescribed
moratorium over March-August 2020. However, SRRPL does not have any
capital market exposure and relies on banks and financial
institutions to meet its funding requirements.
However, the ratings are supported by the promoters' over four
decades of experience in iron and steel industry, leading to
established relationships with its customers and suppliers.
RATING SENSITIVITIES
Positive: A substantial improvement in the scale of operations
along with continued healthy EBITDA margins, leading to an
improvement in the net leverage and liquidity position, will be
positive for the ratings.
Negative: Any deterioration in the operating performance, leading
to deterioration in the credit metrics and a further stress in the
liquidity position, will be negative for the ratings.
COMPANY PROFILE
SCL was established in 1970 and was reconstituted as a private
limited company in 1980. In 1993, SCL became a public limited
company and was listed on the Bombay Stock Exchange. The company
manufactures iron and steel casting products, which are used in
various industries such as railways, steel, and defense, at its two
manufacturing units, one each in Bhilai and Tedsara.
SINTEX INDUSTRIES: RIL-led Consortium Seeks to Buy Company
----------------------------------------------------------
Livemint.com reports that a consortium led by Reliance Industries
Ltd (RIL) is among companies seeking to acquire Sintex Industries
Ltd, the bankrupt textile maker said in a stock exchange filing on
Dec. 12.
According to Livemint.com, RIL has formed a partnership with Assets
Care and Reconstruction Enterprises Ltd to bid for Sintex as part
of the bankruptcy resolution process.
The other potential bidders are Easygo Textiles Pvt. Ltd of Welspun
Group, GHCL Ltd, and Himatsingka Ventures Pvt. Ltd, along with
Shrikant Himatsingka and Dinesh Kumar Himatsingka, the report
says.
"The resolution plans received shall be evaluated by the interim
resolution professional and then shall be placed before the
committee of creditors for its further consideration," Sintex said
in the filing.
This is the second bankrupt textile maker that RIL is trying to
acquire, the report notes.
In 2019, RIL and partner JM Financial Asset Reconstruction Co. Ltd
acquired insolvent textiles player Alok Industries Ltd, the report
recalls. The RIL-JM Financial ARC combine bid INR5,000 crore for
Alok Industries, which owed over INR30,000 crore to 27 banks led by
State Bank of India, Axis Bank, Corporation Bank and UCO Bank,
among others.
Alok Industries has a factory each in Silvassa, Vapi, Navi Mumbai
and Bhiwandi, which can produce up to 68,000 tonnes of cotton yarn
and 170,000 tonnes of polyester annually.
Sintex was founded in the 1930s as Bharat Vijay Mills, a composite
textile mill in Kalol, Gujarat. Forty years later, it was rebranded
as Sintex Industries, a cotton yarn and fabric maker.
The bankrupt company's customers included top luxury names such as
Hugo Boss AG, Diesel and Burberry, which have now also forged
alliances with RIL's retail arm, Livemint.com notes.
Sintex, according to an analyst, could fit well with RIL's plastics
and textiles business.
"Sintex became a household name, thanks to its water tanks. But
after it aggressively expanded its spinning business (which it
forayed into in the 1990s) from around 25,000 spindles to a million
spindles at its Kalol factory, trouble started brewing," said the
analyst, Livemint.com relays.
In 2017, Sintex demerged its plastic business into Sintex Plastics
Technology to focus on its yarn business, recalls Livemint.com.
But by then, the textile industry saw many companies add spinning
capacity, which impacted sales. The covid-19 pandemic dealt another
blow to its business.
In April 2021, the Ahmedabad bench of National Company Law Tribunal
(NCLT) admitted an insolvency process plea filed by Invesco Asset
Management (India).
So far, claims totalling more than INR7,500 crore from 27 financial
creditors have been admitted. These include HDFC Bank, Axis Bank,
Aditya Birla Finance, Life Insurance Corp. of India, and State Bank
of India, Livemint.com discloses.
SREI INFRASTRUCTURE: Sandeep Kumar Sultania Ceases to be CFO
------------------------------------------------------------
The Economic Times reports that Srei Infrastructure Finance on Dec.
8 said Sandeep Kumar Sultania has ceased to be the company's chief
financial officer (CFO).
"Sandeep Kumar Sultania has ceased to be the chief financial
officer of the company with effect from close of business hours of
December 7, 2021, to take up a new role within the company," Srei
said in a regulatory filing, ET relays.
ET notes that the company has been undergoing a corporate
insolvency resolution process under the Insolvency and Bankruptcy
Code, 2016, following an order dated October 8, 2021, of the
National Company Law Tribunal, Kolkata Bench.
The Reserve Bank of India (RBI) took the company's administration
and appointed Rajneesh Sharma as the administrator of Srei, ET
says.
Pursuant to the appointment of the administrator, the powers of the
company's board of directors stand suspended and such powers shall
be exercised by the administrator, it said.
"In exercise of the powers vested with the administrator under the
IBC Code, the administrator has appointed Manoj Kumar, currently
the company secretary of the company, as the chief financial
officer (CFO) of the company with effect from December 8, 2021,
being designated as the company secretary-cum-chief financial
officer of the company," it added.
About SREI Infrastructure
SREI Infrastructure Finance Ltd. is a non-banking financial
institution. The company has three principal lines of business in
financing: infrastructure equipment finance, infrastructure
projects finance and renewable energy product finance.
Infrastructure equipment finance is the largest business division
of the Company.
On Oct. 4, 2021, the Reserve Bank of India superseded the board of
directors of Kolkata-based Srei Infrastructure and said that it
will initiate insolvency proceedings with the National Company Law
Tribunal (NCLT), according to The Economic Times. The RBI cited
governance concerns and defaults by the company and appointed
Rajneesh Sharma, former chief general manager, Bank of Baroda as an
administrator of the company.
The insolvency resolution process against the company started on
Oct. 8, 2021.
SUN INDUSTRIAL: Ind-Ra Gives BB+ LT Issuer Rating, Outlook Stable
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Sun Industrial
Automation & Solution Pvt Ltd (SIAS) a Long-Term Issuer Rating of
'IND BB+'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR47.80 mil. Fund-based limit assigned with IND BB+/Stable/
IND A4+ rating; and
-- INR80 mil. Non fund-based limit assigned with IND A4+ rating.
KEY RATING DRIVERS
The ratings reflect SIAS's small scale of operations, as indicated
by revenue of INR335 million in FY21 (FY20: INR318.50 million).
Despite the COVID-19 lockdown, the company reported marginal growth
in the revenue due to the timely encashment of bills as compared to
FY20. The company operates on open-order basis and till end-6MFY22,
it had booked revenue of INR200 million. The management plans to
shift focus from assembling electronics to revenue-accretive solar
panels, owing to the latter's increasing widespread demand in all
industries. Thus, boosted by its focus on solar division and
increase in orders in hand, the agency expects the company's
revenue to increase in FY22.
Liquidity Indicator - Stretched: SIAS's average maximum utilization
of the fund-based limits was 20.93% and non-fund-based limits was
68% during the last 12 months ended September 2021. Its cash flow
from operations declined to INR8.58 million in FY21 (FY20: INR46.04
million) due to an increase in the receivable days to 233 days (130
days), which led to an elongation in the net working capital cycle
to 150 days (63 days). Further, the free cash flow stood at INR8.99
million in FY21 (FY20: negative INR46.07 million). The cash and
cash equivalents stood at INR28.41 million at FYE21 (FYE20: INR1.86
million). Further, SIAS does not have any capital market exposure
and relies on the promoters, banks and financial institutions to
meet its funding requirements.
The ratings, however, are supported by SIAS's healthy EBITDA margin
of 4.95% in FY21 (FY20: 3.37%) with a return on capital employed of
16% (9%). In FY21, the EBITDA margin expanded on account of a
reduction in the direct and selling expenses. In FY22, the
management expects the EBITDA margin to remain at similar levels,
as the company is focusing on improving its topline, by building
better customer relationships.
The ratings also reflect SIAS's strong credit metrics as reflected
by the interest coverage (operating EBITDA/gross interest expenses)
of 3.85x in FY21 (FY20: 2.14x) and the net leverage (total adjusted
net debt/operating EBITDAR) of 1.54x (3.60x). The credit metrics
improved in FY21 on account of an improvement in the absolute
EBITDA (FY21:INR16.59 million: FY20:INR10.74 million). In FY22, the
management expects the credit metrics to remain flat as there is no
planned capex.
The ratings are also supported by the promoters' nearly three
decades of experience in the industrial automation segment. This
has facilitated the company to establish strong relationships with
customers as well as suppliers.
RATING SENSITIVITIES
Positive: Any significant growth in the revenue while maintaining
the EBITDA margin and the credit metrics, leading to an improvement
in the liquidity position, on a sustained basis, will lead to a
positive rating action.
Negative: Any significant decline in the revenue and/or EBITDA
margin, resulting in a further stretch in the liquidity position
and/or the net leverage exceeding 4x, on a sustained basis, would
lead to a negative rating action.
COMPANY PROFILE
Sun Industrial Automation & Solutions Private Limited was
incorporated in March 2018, and is engaged into industrial
automation. Prior to that, it was a partnership concern.
SUSHEE INFRA: Ind-Ra Affirms & Withdraws 'BB+' LT Issuer Rating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Sushee Infra &
Mining Limited's (SIML) Long-Term Issuer Rating at 'IND BB+' with a
Stable Outlook and has simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR1.0 bil. Fund-based limits* affirmed and withdrawn; and
-- INR4.740 bil. Non-fund-based limits* affirmed and withdrawn.
*Affirmed at 'IND BB+'/Stable/'IND A4+' before being withdrawn
Ind-Ra is no longer required to maintain the ratings, as it has
received a no-objection certificate from the rated facilities'
lender. This is consistent with the Securities and Exchange Board
of India's circular dated March 31, 2017 for credit rating
agencies.
KEY RATING DRIVERS
Liquidity Indicator – Stretched: The affirmation reflects SIML's
stretched liquidity position due to the company's commitment to
support debt servicing shortfall of its subsidiary - Sushee IVRCL
Arunachal Highways Limited. The company has also committed to fund
INR129 million of INR329 million of engineering, procurement and
construction cost of its subsidiary's project in FY22. As of
September 2021, it had an active order book of INR20.82 billion in
roads/highways, irrigation, mining and tunneling projects,
providing improved revenue visibility of 3.4x of FY21 revenue over
the medium term. SIML's commitment to fund the project along with
supporting any debt servicing shortfall of the subsidiary,
constrains its liquidity. Therefore, a growth in its order book,
sustained execution of orders and shoring up of liquidity remain
critical for maintaining the credit metrics at comfortable level.
SIML had cash and cash equivalents of INR111.7 million at FYE21
(FYE20: INR85.2 million). The average use of the fund-based working
capital limits was about 95% of the sanctioned limits of INR1
billion during the 12 months ended September 2021. SIML's net
working capital cycle adjusted for advances remained stable at 42
days in FY21 (FY20: 45 days, FY19: 35 days).
As per FY21 audited financials, the revenue declined 2% yoy to
INR6.1 billion owing to the slower pace of order execution due to
the COVID-19-led nationwide lockdowns. Consequently, the EBITDAR
margins declined to 24.3% in FY21 (FY20: 28.8%). The EBITDAR
margins averaged 19.7% over FY17-FY21. However, as per FY21
provisional financial shared with Ind-Ra, the company had reported
a higher revenue of INR7.1 billion, due to treatment of payments
from change of scope exercise for hybrid annuity model project.
The net leverage (net debt/EBITDAR) was 1.3x in FY21 (FY20: 1.23x,
FY19: 4.21x) and the gross interest coverage (EBITDAR/gross
interest expense) was 2.32x (2.03x, 1.51x) owing to a decline in
the gross debt to INR1.87 billion in FY21 from INR4.4 billion in
FY18 following the realization of debtors and sale of equipment
worth INR1 billion.
COMPANY PROFILE
Incorporated in 1986, SIML undertakes EPC work across segments such
as mining, irrigation, railways, and road projects. Its clients
include the Irrigation Department of Andhra Pradesh, Singareni
Collieries, Coal India Ltd, Indian Railways and Ministry of Road
Transport & Highways.
TELUGU CINE: Ind-Ra Keeps 'D' Bank Loan Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Telugu Cine
Workers Cooperative Housing Society Limited's bank facility 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 this rating. The rating will
continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating action is:
-- INR500 mil. Fund-based working capital limit (Long-term)
maintained in non-cooperating category with IND D (ISSUER NOT
COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The rating was last reviewed on
January 7, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the rating.
COMPANY PROFILE
Telugu Cine Workers Cooperative Housing Society is registered under
the Andhra Pradesh Co-Operative Societies Act 7 of 1964. It was
established in 1991 for the construction and handover of housing
units in Chitrapuri Colony, Hyderabad.
TINNA RUBBER: ICRA Lowers Rating on INR9.58cr Term Loan to D
------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Tinna
Rubber & Infrastructure Limited (TRIL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based– 9.58 [ICRA]D; Downgraded from
Term Loan [ICRA]BB- (Stable)
Fund Based–
Cash Credit 22.00 [ICRA]D; Downgraded from
[ICRA]BB- (Stable)
Non-fund 14.48 [ICRA]D; Downgraded from
Based Limits [ICRA]A4
Unallocated 15.94 [ICRA]D; Downgraded from
Limits [ICRA]BB-(Stable)
Rationale
The rating downgrade of TRIL factors in the ongoing delays in the
debt servicing obligations for one of the lenders - India Bulls
Commercial Credit Limited (IBCCL), despite partial settlement of a
commercial dispute with this lender in November 2020. ICRA had
earlier noted that there was commercial dispute with this lender as
there was a unilateral increase in interest rates and
correspondingly, ICRA did not recognize any default on the same.
However, the dispute was partially settled in November 2020 when an
interest rate of 13.5% was agreed by both the parties for
forthcoming repayments. After November 2020, ICRA was informed
about regular debt servicing for this debt and had a clean feedback
from the lenders as well. However, the rating revision now
considers new information available with ICRA which demonstrates
that the company is delaying in its debt repayments to the said
lender even after November 2020, which are not under purview of
this commercial dispute. Furthermore, the company's liquidity
profile has remained stretched due to high working capital
intensive nature of operations. The company's debt protection
metrics have remained under pressure due to high interest-bearing
borrowings. In addition, the company's profitability remain exposed
to adverse volatility in raw material prices and foreign exchange
rates as a sizeable proportion of TRIL's raw material requirements
are mainly met through imports.
ICRA notes the company has experienced promoters with a long track
record in rubber-derived products business and diversification of
product mix as well as consumer mix over the years have led to
favorable demand prospects.
Key rating drivers and their description
Credit strengths
* Extensive experience of promoters in rubber-derived products
business: The promoters have been involved in manufacturing
rubber-derived products for more than two decades and have gained a
thorough knowledge of the market. Their long presence in the
industry has helped the company in understanding the industry
dynamics, while continuous focus on research and development has
helped it in establishing strong relationships with the key
customers.
* Diversification of product mix as well as consumer mix has led to
favourable demand prospects: The company has diversified its
product profile to include reclaim rubber, high grade crumb rubber,
cut wire shots, etc. It has also added some highly reputed tyre
companies in its customer profile and has received approvals for
raw material supply to the same. This has aided it in increasing
the sales volume and in turn, its revenues. The company reported
revenues of INR130 crore in FY2021 against INR122.7 crore in the
previous year and it clocked revenues of INR103.9 crore in
H1FY2022.
Credit challenges
* Delays in servicing debt obligations: TRIL had an ongoing
commercial dispute with IBCCL as the lender unilaterally increased
the interest rates on the debt. The company filed for arbitration
against the increase in interest hike by the lender, however in
November 2020 both the parties agreed on an interest rate of 13.5%.
Despite that the company has been delaying in debt
servicing as a protest against the unilateral increase in interest
rates. While ICRA did not recognize this delay in the past as it
was a commercial dispute, the company continues to delay its debt
servicing in protest to settle the excess interest paid by the
company prior to reduction of interest rate. Moreover, even after
November 2020, ICRA was informed about regular debt servicing to
the lender and had a clean feedback from the said lender. However,
ICRA has now access to a new information which states that the
company is delaying on its obligations, even after partial
settlement of the dispute since November 2020.
* Exposure to volatility in raw material prices and foreign
currency rates affect margins: TRIL's profitability remains exposed
to fluctuations in raw material prices as well as foreign currency
rates as a sizeable proportion of raw material requirements is met
mainly through imports. However, the company has been trying to
mitigate the risk by reducing its dependence on imports and by
procuring raw material domestically. Further, the company has some
pricing power which allows it to pass on some of the raw material
price variability to its customers.
* Stretched working capital cycle leads to almost full utilisation
of working capital limits: The company has moderate-to-high working
capital intensity, which impacts its liquidity as reflected by the
almost full utilization of its working capital limits. Hence, due
to very low cushion in limits and limited cash balances, its
overall liquidity profile also remains stretched.
* Modest debt coverage indicators: Owing to losses incurred in the
past and high borrowing expenses as a result of availing ICDs and
term loans from IBCCL at high interest rates, TRIL's debt coverage
indicators have remained modest, as characterized total
debt/operating profit of 3.7 times and interest coverage of 1.8
times in FY2021. While ICRA notes the improvement in the capital
structure and debt protection metrics in H1FY2022, sustainability
of healthy profit margin will remain critical for debt protection
metrics to improve.
Liquidity position: Stretched
The liquidity position of TRIL is stretched on account of high
working capital intensity while growing scale of operations and
repayment of unsecured loans and term loans in FY2021 and H1FY2022.
The average utilization of working capital limits as a percentage
of drawing power remained almost full. While the company's
improving accruals are expected to support the company's liquidity,
high repayments of Rs.4-5 crore in H2FY2022 and following two years
will continue to exert pressure on the company's cash flows.
Rating Sensitivities
Positive factors – The rating may be upgraded in case of
regularisation of debt servicing for a sustained period.
Negative factors – Not applicable
Tinna Overseas Ltd. (formed in 1987), now renamed Tinna Rubber &
Infrastructure Limited (TRIL), is involved in the business of
bituminous products and specializes in bitumen modifiers of various
types such as crumb rubber, polymer-modified bitumen and bitumen
emulsions. The company also has crumb rubber manufacturing facility
in five of its existing plants. It has manufacturing facilities at
Panipat, Kaalamb, Haldia, Chennai and Wada. However, due to the
slowdown in the infrastructure industry in the past few years, it
has diversified its product mix to reduce dependency on the sector.
Its current product profile includes ultra-fine tyre crumb, high
tensile reclaim rubber, carbon steel shots, steep scrap, CRMB and
bitumen emulsion.
WHITEFIELD SPINTEX: ICRA Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Whitefield
Spintex (India) 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- 3.00 [ICRA]D; ISSUER NOT COOPERATING;
Cash Credit Rating Continues to remain under
'Issuer Not Cooperating'
Category
Fund Based- 25.00 [ICRA]D; ISSUER NOT COOPERATING;
Term Loan Rating Continues to remain under
'Issuer Not Cooperating'
Category
Non-Fund-based (23.52) [ICRA]D ISSUER NOT COOPERATING;
Interchangeable Rating continues to remain under
sublimit to cash 'Issuer Not Cooperating'
credit Category
Short term– 1.35 [ICRA]D;ISSUER NOT COOPERATING;
Non Fund based 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.
Whitefield Spintex (India) Private Limited (WSIPL) was incorporated
in September 2013 as a Private Limited Company and is promoted by
Mr. Minesh Jagani, Mr. Alvish Jagani and their relatives. The
company has set up its plant at village Kherva, Ta. Wankaner, Dist.
Rajkot to carry out spinning of 30SNE combed single cotton yarn as
well as 2/30 twisted spun yarns. The promoters of the company are
also associated in various industries such as ceramic, logistics,
and auto sector through other group companies. i.e. Satyam Auto
industries, SRV Global Freight Pvt. Ltd. and Wellgrip Industries.
=================
I N D O N E S I A
=================
GARUDA INDONESIA: Enters Court-Supervised Debt Restructuring
------------------------------------------------------------
Bloomberg News reports that a debt restructuring just getting
underway at flag carrier PT Garuda Indonesia is forcing creditors
to weigh short-term losses against the potential for gains further
down the line in one of the fastest growing aviation markets in
Asia.
Bloomberg relates that the airline is entering a court-supervised
debt restructuring process after a Jakarta court on Dec. 9 accepted
a debt petition filed against it. Garuda and its creditors have 45
days to complete negotiations, which can be extended to 270 days.
"There's no doubt that creditors and lessors will have to take a
haircut during this process," Bloomberg quotes Mayur Patel,
regional sales director for Japan and Asia Pacific at OAG, an
aviation analytics firm, as saying. "Indonesia is a big market and
creditors have to take that into account in the negotiations
whether they want to take part in its future growth or not."
Air passenger traffic has rebounded in parts of the world since the
early stages of the pandemic in 2020, the report says. Indonesia,
an archipelago with over 17,000 islands, relies heavily on the
sector which has strong growth prospects there. But uncertainty
after the emergence of the omicron variant has complicated the
shorter-term outlook.
According to Bloomberg, Garuda joins a list of global airlines
entering court-led debt restructuring as a result of the pandemic.
Philippine Airlines Inc. filed Chapter 11 bankruptcy in New York in
September, while Chile-based Latam Airlines, Aeromexico and
Colombia's Avianca Holdings sought court protection in 2020.
Garuda finalized a restructuring proposal last month and is in
discussion with creditors and lessors to reduce its liabilities to
$3.7 billion, from $9.8 billion, Kartika Wirjoatmodjo, a deputy at
the country's state-owned enterprises ministry, told a
parliamentary hearing last month, Bloomberg relays.
Bloomberg adds that the carrier said last week it must continue to
defer periodic distribution payments on outstanding $500 million
sukuk, according to a filing. The airline reported a record net
loss of $2.4 billion in 2020 and its nine-month loss widened to
$1.66 billion, from $1.08 billion in the same period a year ago.
About Garuda Indonesia
Headquartered in Jakarta, Indonesia, government-owned airline PT
Garuda Indonesia -- http://www.garuda-indonesia.com/-- currently
has a fleet of about 77 aircraft offering service to some 27
domestic and 33 international destinations. Under its Citilink
brand, it serves 10 other domestic routes. Garuda also ships about
200,000 tons of cargo a month and operates a computerized tracking
system.
As reported in the Troubled Company Reporter-Asia Pacific on July
21, 2021, Nikkei Asia said Garuda Indonesia posted a net loss of
$2.4 billion in 2020, with its auditor raising concerns over the
continuity of the Southeast Asian country's flagship airline.
The net loss is Garuda's biggest since at least 2005, the oldest
available data on Quick-Factset, and marks a staggering increase
from the $38.9 million loss it reported the previous year, Nikkei
Asia noted.
=====================
N E W Z E A L A N D
=====================
HORIZONTAL DRILLING: Creditors' Proofs of Debt Due on Dec. 29
-------------------------------------------------------------
Creditors of Horizontal Drilling Division Limited, which is in
voluntary liquidation, are required to file their proofs of debt by
Dec. 29, 2021, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Dec. 7, 2021.
The company's liquidator can be reached at:
Jonathan Wilgermein
BDO Auckland, Level 2
116 Harris Road
East Tamaki, Auckland 2013
New Zealand
Email: jonathan.wilgermein@bdo.co.nz
MAINLAND TANKS: Creditors' Proofs of Debt Due on Feb. 9
-------------------------------------------------------
Creditors of Mainland Tanks & Drums Limited, which is in
liquidation, are required to file their proofs of debt by Feb. 9,
2022, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 9, 2021.
The company's liquidators are:
Elizabeth Helen Keene
Vivian Judith Fatupaito
KPMG Christchurch
Level 5, 79 Cashel Street
Christchurch 8140
New Zealand
MARK TATTON: Creditors' Proofs of Debt Due on Feb. 6
----------------------------------------------------
Creditors of Mark Tatton Architecture Limited, which is in
voluntary liquidation, are required to file their proofs of debt by
Feb. 6, 2022, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Dec. 6, 2021.
The company's liquidator can be reached at:
Janet Sprosen
KPMG Auckland
18 Viaduct Harbour Avenue (PO Box 1584)
Shortland Street
Auckland 1140
New Zealand
=================
S I N G A P O R E
=================
CHEMICAL MARKET: Creditors' Proofs of Debt Due on Jan. 10
---------------------------------------------------------
Creditors of Chemical Market Associates Pte Ltd, which is in
voluntary liquidation, are required to file their proofs of debt by
Jan. 10, 2022, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Dec. 3, 2021.
The company's liquidator is:
Tan Sock Ling
c/o 8 Marina View,
#42-056 Asia Square Tower 1
Singapore 018960
KIM YUEN: Court Enters Wind-Up Order
------------------------------------
The High Court of Singapore entered an order on Dec. 3, 2021, to
wind up the operations of Kim Yuen Electrical Engineering Pte.
Ltd.
Maybank Singapore Limited filed the petition against the company.
The company's liquidator is:
Mr. Gary Loh Weng Fatt
c/o BDO Advisory Pte. Ltd.
600 North Bridge Road
#23-01 Parkview Square
Singapore 188778
SR-KEN UNITED: Court Enters Wind-Up Order
-----------------------------------------
The High Court of Singapore entered an order on Dec. 3, 2021, to
wind up the operations of SR-KEN United Trading Pte. Ltd.
Maybank Singapore Limited filed the petition against the company.
The company's liquidators are:
Leow Quek Shiong
Gary Loh Weng Fatt
BDO Advisory Pte Ltd
600 North Bridge Road
#23-01 Parkview Square
Singapore 188778
UST TECHNOLOGY: Creditors' Proofs of Debt Due on Jan. 10
--------------------------------------------------------
Creditors of UST Technology Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Jan. 10,
2022, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on Dec. 3, 2021.
The company's liquidators are:
Leow Quek Shiong
Gary Loh Weng Fatt
c/o BDO Advisory Pte. Ltd.
600 North Bridge Road
#23-01 Parkview Square
Singapore 188778
WIRECARD SG: Creditors' Proofs of Debt Due on Jan. 10
-----------------------------------------------------
Creditors of Wirecard SG Payment Solutions Pte Ltd, which is in
voluntary liquidation, are required to file their proofs of debt by
Jan. 10, 2022, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Dec. 3, 2021.
The company's liquidator is:
Yit Chee Wah
C/O FTI Consulting (Singapore) Pte. Ltd.
1 Raffles Quay
#27-10 South Tower
Singapore 048583
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Dec. 6, 2021 to Dec. 10, 2021
------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY L 13.25 02/15/18 USD 0.15
ACN 113 874 712 PTY L 13.25 02/15/18 USD 0.15
CLIME CAPITAL LTD/FUN 6.25 11/30/21 AUD 0.97
COMMONWEALTH BANK OF 3.30 08/26/50 AUD 70.39
GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.50
VIRGIN AUSTRALIA HOLD 7.88 10/15/21 USD 8.00
VIRGIN AUSTRALIA HOLD 7.88 10/15/21 USD 8.15
VIRGIN AUSTRALIA HOLD 8.25 05/30/23 AUD 7.07
VIRGIN AUSTRALIA HOLD 8.08 03/05/24 AUD 6.52
VIRGIN AUSTRALIA HOLD 8.13 11/15/24 USD 7.25
VIRGIN AUSTRALIA HOLD 8.13 11/15/24 USD 7.95
VIRGIN AUSTRALIA HOLD 8.00 11/26/24 AUD 7.15
CHINA
-----
AKESU DISTRICT GREEN 4.09 03/11/23 CNY 39.73
AKESU DISTRICT GREEN 4.09 03/11/23 CNY 39.89
AKESU TEXTILE CITY DE 7.50 06/21/24 CNY 59.39
AKESU TEXTILE CITY DE 7.50 06/21/24 CNY 60.99
AKESU XINCHENG ASSET 6.40 04/20/22 CNY 20.15
AKESU XINCHENG ASSET 6.40 04/20/22 CNY 20.24
ALTAY PREFECTURE STAT 4.85 01/22/23 CNY 36.00
ALTAY PREFECTURE STAT 4.85 01/22/23 CNY 39.87
AN SHUN YU KUN REAL E 5.48 11/10/21 CNY 39.60
ANHUI DANGTU ECO DEVE 6.00 09/11/24 CNY 60.00
ANHUI DANGTU ECO DEVE 6.00 09/11/24 CNY 62.30
ANHUI HUAAN FOREIGN E 7.30 07/13/21 CNY 70.01
ANHUI HUAINING URBAN 5.80 08/28/24 CNY 60.00
ANHUI HUAINING URBAN 5.80 08/28/24 CNY 60.77
ANHUI JIANGNAN INDUST 4.76 07/08/23 CNY 39.63
ANHUI JIANGNAN INDUST 4.76 07/08/23 CNY 39.75
ANHUI LEXING CITY CON 6.05 11/01/24 CNY 60.70
ANHUI LEXING CITY CON 6.05 11/01/24 CNY 62.49
ANJI NORTHWEST DEVELO 5.90 07/18/23 CNY 40.19
ANJI NORTHWEST DEVELO 5.90 07/18/23 CNY 40.40
ANLU CONSTRUCTION DEV 5.45 06/15/23 CNY 40.08
ANNING DEVELOPMENT IN 8.80 09/11/25 CNY 66.00
ANQING ECONOMIC&TECHN 4.09 03/09/23 CNY 40.05
ANQING ECONOMIC&TECHN 4.09 03/09/23 CNY 40.22
ANQING URBAN CONSTRUC 6.01 04/27/22 CNY 20.00
ANQING URBAN CONSTRUC 6.01 04/27/22 CNY 20.13
ANQING WANJIANG HIGH 6.50 08/02/24 CNY 58.10
ANQING WANJIANG HIGH 6.50 08/02/24 CNY 60.00
ANQIU HUAAN STATE OWN 7.00 09/14/24 CNY 59.27
ANSHUN CITY CONSTRUCT 7.30 09/15/24 CNY 47.01
ANSHUN CITY CONSTRUCT 7.30 09/15/24 CNY 48.00
ANSHUN CITY XIXIU IND 7.90 11/15/25 CNY 75.00
ANSHUN STATE-RUN ASSE 4.48 07/18/23 CNY 35.73
ANSHUN STATE-RUN ASSE 4.48 07/18/23 CNY 37.89
ANSHUN TRANSPORTATION 7.50 10/31/24 CNY 54.59
ANSHUN XIXIU CITY INV 4.70 11/22/23 CNY 52.36
ANSHUN XIXIU CITY INV 4.70 11/22/23 CNY 59.81
AOYUAN CORP GROUP LTD 5.50 03/03/25 CNY 28.10
BAOJI INVESTMENT GROU 5.05 04/18/24 CNY 61.07
BAOTOU AFFORDABLE HOU 5.25 07/27/24 CNY 60.55
BAOTOU AFFORDABLE HOU 5.25 07/27/24 CNY 61.60
BAOTOU AFFORDABLE HOU 5.31 08/10/24 CNY 60.61
BAOTOU CITY SCIENCE E 6.48 03/25/22 CNY 20.05
BAOTOU CITY SCIENCE E 6.48 03/25/22 CNY 20.05
BAOYING CITY CONSTRUC 4.50 03/24/23 CNY 39.81
BAOYING CITY CONSTRUC 4.50 03/24/23 CNY 40.36
BAOYING COUNTY DEVELO 5.45 08/21/24 CNY 60.01
BAOYING COUNTY DEVELO 5.45 08/21/24 CNY 61.36
BAOYING COUNTY DEVELO 5.49 10/17/24 CNY 61.55
BAYAN ZHUOER HETAO WA 8.54 03/31/22 CNY 15.15
BAZHONG STATE-OWNED A 5.13 12/02/22 CNY 39.24
BAZHONG STATE-OWNED A 5.13 12/02/22 CNY 39.40
BAZHOU GUOHUI CONSTRU 6.08 06/19/24 CNY 61.11
BAZHOU GUOHUI CONSTRU 6.08 06/19/24 CNY 61.40
BEIJING FUTURE SCIENC 4.20 08/13/22 CNY 20.04
BEIPIAO CITY CONSTRUC 6.70 03/25/23 CNY 38.83
BEIPIAO CITY CONSTRUC 6.70 03/25/23 CNY 40.60
BENGBU ECONOMIC DEVEL 6.45 07/13/24 CNY 59.65
BENGBU ECONOMIC DEVEL 6.45 07/13/24 CNY 60.00
BENGBU URBAN INVESTME 5.80 04/13/24 CNY 61.78
BENGBU URBAN INVESTME 5.80 04/13/24 CNY 61.85
BIJIE CONSTRUCTION IN 6.50 01/28/22 CNY 19.90
BIJIE CONSTRUCTION IN 6.50 01/28/22 CNY 19.94
BIJIE CONSTRUCTION IN 5.78 07/06/24 CNY 60.48
BIJIE CONSTRUCTION IN 5.55 08/03/24 CNY 60.00
BIJIE CONSTRUCTION IN 5.55 08/03/24 CNY 60.62
BIJIE DEXI CONSTRUCTI 4.60 11/17/23 CNY 55.42
BIJIE DEXI CONSTRUCTI 4.60 11/17/23 CNY 59.78
BIJIE DEXI CONSTRUCTI 5.10 12/05/23 CNY 54.51
BIJIE DEXI CONSTRUCTI 5.10 12/05/23 CNY 60.07
BIJIE QIXINGGUAN DIST 7.60 09/08/24 CNY 61.67
BIJIE QIXINGGUAN DIST 8.05 08/16/25 CNY 59.50
BIJIE QIXINGGUAN DIST 8.05 08/16/25 CNY 70.78
BIJIE XINTAI INVESTME 7.80 11/01/24 CNY 49.84
BIJIE XINTAI INVESTME 7.80 11/01/24 CNY 59.40
BINZHOU ZHANHUA DISTR 4.93 11/29/23 CNY 59.40
BINZHOU ZHANHUA DISTR 4.93 11/29/23 CNY 59.41
BINZHOU ZHONGHAI VENT 6.65 04/13/22 CNY 20.00
BINZHOU ZHONGHAI VENT 6.65 04/13/22 CNY 20.07
BORALA MONGOL AUTONOM 5.77 08/26/22 CNY 18.30
BORALA MONGOL AUTONOM 5.77 08/26/22 CNY 20.12
BOZHOU URBAN CONSTRUC 4.78 04/14/23 CNY 40.04
BOZHOU URBAN CONSTRUC 4.78 04/14/23 CNY 40.51
BRILLIANCE AUTO GROUP 5.30 10/23/20 CNY 48.88
BRILLIANCE AUTO GROUP 6.50 01/22/22 CNY 48.88
BRILLIANCE AUTO GROUP 6.50 03/13/22 CNY 48.88
BRILLIANCE AUTO GROUP 6.50 04/18/22 CNY 48.88
BRILLIANCE AUTO GROUP 6.50 06/03/22 CNY 48.88
BRILLIANCE AUTO GROUP 6.30 09/14/23 CNY 48.88
BRILLIANCE AUTO GROUP 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROUP 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROUP 5.80 11/05/23 CNY 48.88
BRILLIANCE AUTO GROUP 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROUP 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROUP 5.80 06/17/24 CNY 48.88
BRILLIANCE AUTO GROUP 5.80 06/17/24 CNY 60.78
CANGNAN COUNTY STATE 5.58 11/11/22 CNY 40.30
CANGNAN COUNTY STATE 5.58 11/11/22 CNY 40.42
CEFC SHANGHAI INTERNA 4.98 12/10/20 CNY 61.29
CEFC SHANGHAI INTERNA 4.08 09/09/21 CNY 60.00
CHANG DE DING LI INDU 4.30 03/10/23 CNY 40.15
CHANG DE DING LI INDU 4.30 03/10/23 CNY 40.17
CHANG DE DING LI INDU 6.10 07/20/24 CNY 60.00
CHANG DE DING LI INDU 6.10 07/20/24 CNY 60.07
CHANGDE DE YUAN SHANT 5.33 09/13/23 CNY 37.37
CHANGDE URBAN CONSTRU 3.59 01/12/23 CNY 40.00
CHANGDE URBAN CONSTRU 3.59 01/12/23 CNY 40.08
CHANGGE JINCAI PUBLIC 7.10 04/19/24 CNY 59.91
CHANGGE JINCAI PUBLIC 7.10 04/19/24 CNY 61.14
CHANGJI URBAN CONSTRU 4.24 11/18/23 CNY 58.01
CHANGJI URBAN CONSTRU 4.24 11/18/23 CNY 60.08
CHANGLE COUNTY NEWTOW 5.18 12/16/22 CNY 37.00
CHANGLE COUNTY NEWTOW 5.18 12/16/22 CNY 40.04
CHANGSHA COUNTY XINGC 7.90 03/25/22 CNY 25.37
CHANGSHA COUNTY XINGC 7.90 03/25/22 CNY 25.37
CHANGSHA ECONOMIC & T 8.45 04/13/22 CNY 15.22
CHANGSHA ECONOMIC & T 4.78 03/03/24 CNY 60.78
CHANGSHA ECONOMIC & T 4.78 03/03/24 CNY 61.26
CHANGSHA FURONG CITY 3.88 01/26/23 CNY 40.27
CHANGSHA FURONG CITY 3.88 01/26/23 CNY 40.67
CHANGSHA JINZHOU NEW 6.60 08/24/24 CNY 59.25
CHANGSHA JINZHOU NEW 6.60 08/24/24 CNY 60.00
CHANGSHA METRO GROUP 6.20 04/23/23 CNY 30.94
CHANGSHA METRO GROUP 6.20 04/23/23 CNY 32.01
CHANGSHA METRO GROUP 5.97 04/03/25 CNY 62.91
CHANGSHA METRO GROUP 5.40 07/14/25 CNY 60.00
CHANGSHA METRO GROUP 5.40 07/14/25 CNY 62.62
CHANGSHA METRO GROUP 4.10 12/21/25 CNY 71.19
CHANGSHA METRO GROUP 4.10 12/21/25 CNY 71.47
CHANGSHA TIANXIN CITY 4.20 11/06/22 CNY 20.00
CHANGSHA TIANXIN CITY 4.20 11/06/22 CNY 20.11
CHANGSHA TIANXIN CITY 3.43 08/08/23 CNY 39.13
CHANGSHA TIANXIN CITY 3.43 08/08/23 CNY 39.87
CHANGSHA YUHUA JINGKA 4.17 09/06/23 CNY 39.95
CHANGSHA YUHUA JINGKA 4.17 09/06/23 CNY 40.11
CHANGSHA YUHUA URBAN 3.80 01/28/23 CNY 40.00
CHANGSHA YUHUA URBAN 3.80 01/28/23 CNY 40.14
CHANGSHU DONGNAN ASSE 6.53 03/26/22 CNY 20.24
CHANGSHU DONGNAN ASSE 6.53 03/26/22 CNY 27.32
CHANGXING URBAN CONST 6.00 12/03/21 CNY 19.00
CHANGXING URBAN CONST 6.00 12/03/21 CNY 20.03
CHANGZHOU TIANNING CO 6.48 02/12/22 CNY 20.00
CHANGZHOU TIANNING CO 6.48 02/12/22 CNY 20.18
CHANGZHOU XINGANG ECO 3.42 10/20/23 CNY 39.23
CHANGZHOU XINGANG ECO 3.42 10/20/23 CNY 39.94
CHANGZHOU ZHONGLOU EC 3.64 10/26/23 CNY 39.93
CHANGZHOU ZHONGLOU EC 3.64 10/26/23 CNY 40.03
CHAOHU URBAN TOWN CON 6.50 04/30/22 CNY 20.23
CHAOHU URBAN TOWN CON 6.50 04/30/22 CNY 21.80
CHENGDU GARDEN WATER 6.15 05/03/23 CNY 39.85
CHENGDU GARDEN WATER 6.15 05/03/23 CNY 40.41
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 58.32
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 62.56
CHENGDU LIN JIANG GAR 6.75 08/02/24 CNY 59.64
CHENGDU PIDU DISTRICT 6.95 04/01/22 CNY 20.11
CHENGDU PIDU DISTRICT 6.95 04/01/22 CNY 20.20
CHENGDU SHUZHOU CITY 6.58 05/26/22 CNY 20.08
CHENGDU SHUZHOU CITY 6.58 05/26/22 CNY 20.50
CHENGDU XINGCHENGJIAN 6.00 03/20/22 CNY 20.00
CHENGDU XINGCHENGJIAN 6.00 03/20/22 CNY 20.13
CHENGDU XINGJIN ECOLO 3.65 10/13/23 CNY 39.29
CHENGDU XINGJIN ECOLO 3.65 10/13/23 CNY 40.08
CHENGDU XINGSHU INVES 6.78 08/21/24 CNY 60.00
CHENGDU XINGSHU INVES 6.78 08/21/24 CNY 61.79
CHENGDU XINJIN COUNTY 6.40 07/05/24 CNY 58.92
CHENGDU XINJIN COUNTY 6.40 07/05/24 CNY 59.91
CHENGDU XINJIN COUNTY 6.28 08/03/24 CNY 60.00
CHENGDU XINJIN COUNTY 6.28 08/03/24 CNY 60.12
CHENGDU XINKAIYUAN UR 5.29 04/27/23 CNY 39.42
CHENGDU XINKAIYUAN UR 5.29 04/27/23 CNY 40.10
CHENZHOU BAIFU INVEST 4.96 03/22/26 CNY 61.07
CHENZHOU BAIFU INVEST 4.96 03/22/26 CNY 61.62
CHENZHOU FUCHENG HIGH 4.73 01/22/23 CNY 40.02
CHENZHOU FUCHENG HIGH 4.73 01/22/23 CNY 40.07
CHENZHOU INDUSTRY INV 6.45 01/23/22 CNY 20.07
CHENZHOU INDUSTRY INV 6.45 01/23/22 CNY 28.60
CHENZHOU WENLV INDUST 5.34 11/28/23 CNY 58.73
CHENZHOU XINTIAN INVE 6.00 07/26/24 CNY 56.62
CHENZHOU XINTIAN INVE 6.00 07/26/24 CNY 60.00
CHENZHOU XINTIAN INVE 5.38 03/08/26 CNY 63.03
CHENZHOU XINTIAN INVE 5.38 03/08/26 CNY 63.26
CHIBI LANTIAN URBAN C 4.38 08/10/23 CNY 39.69
CHIBI LANTIAN URBAN C 4.38 08/10/23 CNY 39.83
CHINA FORTUNE LAND DE 7.40 03/24/21 CNY 25.13
CHINA FORTUNE LAND DE 7.20 04/18/21 CNY 25.13
CHINA FORTUNE LAND DE 5.60 09/10/21 CNY 25.13
CHINA FORTUNE LAND DE 5.80 05/23/22 CNY 22.20
CHINA FORTUNE LAND DE 5.00 05/30/22 CNY 68.15
CHINA GRAND AUTOMOTIV 9.13 01/30/24 USD 74.23
CHINA OCEANWIDE HOLDI 8.90 12/13/21 CNY 48.00
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHONGQIN BAIYAN INVES 5.75 05/03/23 CNY 40.44
CHONGQIN BAIYAN INVES 5.75 05/03/23 CNY 40.67
CHONGQIN XINLIANG INV 4.76 08/26/23 CNY 38.51
CHONGQIN XINLIANG INV 4.76 08/26/23 CNY 38.73
CHONGQING BANAN ECONO 6.17 03/13/22 CNY 20.10
CHONGQING BANAN ECONO 6.17 03/13/22 CNY 20.12
CHONGQING BAYUAN CONS 4.99 08/16/23 CNY 39.10
CHONGQING BISHAN DIST 4.93 03/29/23 CNY 40.34
CHONGQING BISHAN DIST 4.93 03/29/23 CNY 40.43
CHONGQING DAZU INDUST 6.30 04/28/22 CNY 20.00
CHONGQING DAZU INDUST 6.30 04/28/22 CNY 20.06
CHONGQING DAZU URBAN 3.97 08/11/22 CNY 49.43
CHONGQING DAZU URBAN 3.97 08/11/22 CNY 49.50
CHONGQING DAZU YONGSH 6.48 07/24/24 CNY 59.05
CHONGQING DAZU YONGSH 6.48 07/24/24 CNY 61.42
CHONGQING ECO&TECH DE 3.95 04/13/23 CNY 40.07
CHONGQING FULING TRAF 6.68 02/03/22 CNY 20.00
CHONGQING FULING TRAF 6.68 02/03/22 CNY 20.08
CHONGQING HECHUAN CIT 3.95 09/06/23 CNY 39.61
CHONGQING HECHUAN CIT 3.95 09/06/23 CNY 39.86
CHONGQING HONGYE INDU 6.30 08/02/24 CNY 59.74
CHONGQING HONGYE INDU 6.30 08/02/24 CNY 61.30
CHONGQING JIANGJIN DI 6.40 09/13/24 CNY 60.00
CHONGQING JIANGJIN DI 6.40 09/13/24 CNY 60.57
CHONGQING JIN TONG IN 4.44 11/16/23 CNY 56.84
CHONGQING JIN TONG IN 4.44 11/16/23 CNY 59.65
CHONGQING JIN TONG IN 6.50 08/01/24 CNY 55.88
CHONGQING JIN TONG IN 6.50 08/01/24 CNY 60.00
CHONGQING JINYUN ASSE 4.50 12/31/22 CNY 40.09
CHONGQING JINYUN ASSE 4.50 12/31/22 CNY 40.18
CHONGQING KAIQIAN INV 4.64 03/21/23 CNY 38.70
CHONGQING KAIQIAN INV 4.64 03/21/23 CNY 39.87
CHONGQING LAND PROPER 3.36 03/21/23 CNY 40.03
CHONGQING LAND PROPER 3.36 03/21/23 CNY 40.10
CHONGQING LIANGSHAN C 6.30 10/16/24 CNY 61.59
CHONGQING LIANGSHAN C 6.30 10/16/24 CNY 61.60
CHONGQING MAIRUI URBA 4.95 04/21/23 CNY 40.19
CHONGQING MAIRUI URBA 4.95 04/21/23 CNY 40.30
CHONGQING NANCHUAN CI 4.20 07/11/23 CNY 39.77
CHONGQING NANCHUAN CI 4.20 07/11/23 CNY 39.90
CHONGQING QIJIANG EAS 4.00 09/05/23 CNY 38.78
CHONGQING QIJIANG EAS 4.00 09/05/23 CNY 39.14
CHONGQING SHUANGFU CO 6.37 10/13/24 CNY 60.00
CHONGQING SHUANGFU CO 6.37 10/13/24 CNY 60.93
CHONGQING SHUANGQIAO 5.99 11/19/21 CNY 19.99
CHONGQING SHUANGQIAO 5.99 11/19/21 CNY 26.25
CHONGQING TONGLIANG J 6.59 04/08/22 CNY 20.00
CHONGQING TONGLIANG J 6.59 04/08/22 CNY 20.13
CHONGQING TONGNAN DIS 4.99 12/31/22 CNY 39.25
CHONGQING TONGNAN DIS 4.99 12/31/22 CNY 39.66
CHONGQING WANSHENG EC 5.40 11/18/21 CNY 39.98
CHONGQING WANZHOU SAN 4.95 08/25/22 CNY 20.19
CHONGQING WANZHOU SAN 4.95 08/25/22 CNY 20.80
CHONGQING WULONG DIST 6.80 09/21/24 CNY 55.00
CHONGQING WULONG DIST 6.80 09/21/24 CNY 58.40
CHONGQING XINGRONG HO 4.86 03/31/23 CNY 38.50
CHONGQING XINGRONG HO 4.86 03/31/23 CNY 39.82
CHONGQING YINGDI INDU 7.00 11/07/24 CNY 59.99
CHONGQING YUELAI INVE 6.09 04/29/22 CNY 20.00
CHONGQING YUELAI INVE 6.09 04/29/22 CNY 20.19
CHUN'AN XINANJIANG DE 6.10 03/11/22 CNY 20.19
CHUN'AN XINANJIANG DE 6.10 03/11/22 CNY 24.55
CHUN'AN XINANJIANG DE 3.84 11/04/23 CNY 39.36
CHUN'AN XINANJIANG DE 3.84 11/04/23 CNY 40.06
CHUZHOU CITY INVESTME 6.30 11/30/21 CNY 30.04
CHUZHOU CITY INVESTME 6.30 11/30/21 CNY 30.40
CHUZHOU CITY NANQIAO 5.95 10/23/24 CNY 60.00
CHUZHOU CITY NANQIAO 5.95 10/23/24 CNY 62.39
CITIC GUOAN GROUP COR 4.90 11/06/19 CNY 18.25
CITIC GUOAN GROUP COR 5.80 12/15/19 CNY 18.25
CITIC GUOAN GROUP COR 4.23 12/15/20 CNY 18.25
CITIC GUOAN GROUP COR 4.49 03/08/21 CNY 18.25
CIXI STATE OWNED ASSE 4.90 04/07/24 CNY 60.92
DAFANG COUNTY CONSTRU 6.00 09/26/23 CNY 38.30
DAFANG COUNTY CONSTRU 6.00 09/26/23 CNY 40.18
DALI HAIDONG DEVELOPM 6.01 01/25/23 CNY 38.05
DALI HAIDONG DEVELOPM 6.01 01/25/23 CNY 39.82
DALIAN RONGDA INVESTM 5.69 12/05/21 CNY 20.03
DALIAN SHITAI CITY CO 4.50 02/01/23 CNY 37.74
DALIAN SHITAI CITY CO 4.50 02/01/23 CNY 40.12
DANGTU COUNTY CONSTRU 5.38 08/10/22 CNY 20.26
DANGYANG XINYUAN INVE 4.97 03/29/23 CNY 39.84
DANGYANG XINYUAN INVE 4.97 03/29/23 CNY 40.29
DANYANG HI-TECH INDUS 6.40 04/24/22 CNY 19.87
DANYANG HI-TECH INDUS 6.40 04/24/22 CNY 20.00
DANYANG INVESTMENT GR 3.99 01/25/23 CNY 39.15
DANYANG INVESTMENT GR 3.99 01/25/23 CNY 39.77
DANYANG INVESTMENT GR 5.49 07/18/24 CNY 61.66
DASHIQIAO URBAN CONST 7.59 08/14/24 CNY 62.53
DASHIQIAO URBAN CONST 7.59 08/14/24 CNY 62.54
DATONG ECONOMIC CONST 4.49 10/22/22 CNY 20.02
DATONG ECONOMIC CONST 4.49 10/22/22 CNY 20.15
DAWA COUNTY CITY CONS 6.29 06/12/22 CNY 19.58
DAWA COUNTY LINGANG E 5.99 10/19/24 CNY 61.02
DAYE ZHENHENG CITY DE 4.50 03/28/23 CNY 38.09
DAYE ZHENHENG CITY DE 4.50 03/28/23 CNY 39.81
DAYE ZHENHENG CITY DE 4.05 08/31/23 CNY 37.81
DAYE ZHENHENG CITY DE 4.05 08/31/23 CNY 38.82
DAZHOU DEVELOPMENT HO 6.55 01/14/22 CNY 20.00
DAZHOU DEVELOPMENT HO 6.55 01/14/22 CNY 20.08
DAZHOU DEVELOPMENT HO 5.10 11/27/22 CNY 40.00
DAZHOU DEVELOPMENT HO 5.10 11/27/22 CNY 40.09
DAZHOU INVESTMENT CO 3.99 11/04/26 CNY 67.55
DEHONGZHOU HONGKANG I 6.68 01/23/22 CNY 20.04
DEQING CONSTRUCTION I 3.60 11/11/23 CNY 59.50
DEQING CONSTRUCTION I 3.60 11/11/23 CNY 59.60
DEXING INVESTMENT HOL 5.99 03/21/23 CNY 40.08
DEXING INVESTMENT HOL 5.99 03/21/23 CNY 43.80
DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.40
DONGTAI STATE-OWNED A 3.04 11/16/23 CNY 58.77
DONGYING CITY URBAN A 5.57 03/31/22 CNY 20.16
DONGYING CITY URBAN A 5.57 03/31/22 CNY 20.33
DONGZHI COUNTY CITY O 4.88 06/20/23 CNY 39.99
DONGZHI COUNTY CITY O 4.88 06/20/23 CNY 39.99
DUJIANGYAN NEW CITY C 6.90 10/19/24 CNY 61.84
DUJIANGYAN NEW CITY C 7.80 10/11/25 CNY 69.00
DUJIANGYAN XINGYAN IN 6.10 03/12/22 CNY 19.00
DUJIANGYAN XINGYAN IN 6.10 03/12/22 CNY 19.75
DUNYUN STATE-OWNED AS 6.60 12/28/22 CNY 39.61
ENSHI URBAN CONSTRUCT 3.84 11/01/23 CNY 39.29
ENSHI URBAN CONSTRUCT 3.84 11/01/23 CNY 39.58
EVERGRANDE REAL ESTAT 6.98 07/08/22 CNY 27.00
EVERGRANDE REAL ESTAT 6.27 05/06/23 CNY 30.00
EVERGRANDE REAL ESTAT 6.80 05/06/24 CNY 35.69
FANTASIA GROUP CHINA 7.50 12/17/21 CNY 74.00
FANTASIA GROUP CHINA 7.80 11/29/22 CNY 44.83
FEICHENG CITY ASSETS 4.04 03/23/23 CNY 39.68
FEICHENG CITY ASSETS 4.04 03/23/23 CNY 40.11
FEIXI COUNTY URBAN & 4.45 06/03/23 CNY 40.24
FEIXI COUNTY URBAN & 4.45 06/03/23 CNY 41.24
FENG COUNTY ECONOMIC 5.18 06/21/23 CNY 38.82
FENG COUNTY ECONOMIC 5.18 06/21/23 CNY 40.06
FENGCHENG CITY CONSTR 6.49 02/10/22 CNY 20.12
FENGCHENG CITY CONSTR 6.49 02/10/22 CNY 20.34
FENGCHENG CITY MODERN 5.76 12/17/22 CNY 37.88
FENGCHENG CITY MODERN 5.76 12/17/22 CNY 40.00
FENGDU COUNTY STATE-O 6.38 09/05/24 CNY 60.00
FENGDU COUNTY STATE-O 6.38 09/05/24 CNY 60.39
FENGHUANG MINGCHENG C 6.50 03/23/24 CNY 61.14
FENGTAI HUAXING CITY 5.60 03/13/24 CNY 61.42
FENGTAI HUAXING CITY 5.60 03/13/24 CNY 61.45
FENGXIAN URBAN INVEST 6.48 03/20/22 CNY 20.00
FENGXIAN URBAN INVEST 6.48 03/20/22 CNY 20.13
FENYI CITY CONSTRUCTI 4.54 08/22/23 CNY 39.33
FENYI CITY CONSTRUCTI 4.54 08/22/23 CNY 39.78
FUJIAN FUSHENG GROUP 7.90 11/19/21 CNY 60.00
FUJIAN FUSHENG GROUP 7.90 12/17/21 CNY 70.99
FUJIAN JINJIANG URBAN 3.35 08/24/23 CNY 39.00
FUJIAN JINJIANG URBAN 3.35 08/24/23 CNY 39.91
FUJIAN PROVINCE LIANJ 6.29 04/30/22 CNY 20.00
FUJIAN PROVINCE LIANJ 6.29 04/30/22 CNY 20.25
FUJIAN ZHANGLONG GROU 4.99 08/07/22 CNY 20.00
FUJIAN ZHANGLONG GROU 4.99 08/07/22 CNY 20.15
FUNING URBAN INVESTME 6.00 03/14/24 CNY 61.45
FUNING URBAN INVESTME 6.00 03/14/24 CNY 61.73
FUQING CITY STATE-OWN 5.94 11/26/22 CNY 40.06
FUXIN INFRASTRUCTURE 6.18 03/18/22 CNY 19.92
FUZHOU CHANGLE DISTRI 4.50 04/11/23 CNY 39.81
FUZHOU CHANGLE DISTRI 4.50 04/11/23 CNY 40.25
FUZHOU DEVELOPMENT ZO 3.53 08/25/23 CNY 39.89
FUZHOU DEVELOPMENT ZO 3.53 08/25/23 CNY 39.89
FUZHOU DONGXIANG INVE 6.20 03/20/24 CNY 61.84
FUZHOU DONGXIANG INVE 6.20 03/20/24 CNY 61.85
FUZHOU INVESTMENT DEV 5.70 10/30/24 CNY 60.00
FUZHOU INVESTMENT DEV 5.70 10/30/24 CNY 60.77
FUZHOU LINCHUAN URBAN 5.68 07/05/23 CNY 40.82
FUZHOU LINCHUAN URBAN 5.68 07/05/23 CNY 40.82
FUZHOU URBAN AND RURA 5.48 01/26/22 CNY 20.00
FUZHOU URBAN AND RURA 5.48 01/26/22 CNY 20.08
FUZHOU URBAN AND RURA 4.89 07/08/22 CNY 20.15
FUZHOU URBAN AND RURA 4.89 07/08/22 CNY 20.55
GANSU PROVINCIAL HIGH 6.58 09/24/22 CNY 41.05
GANSU PROVINCIAL HIGH 6.20 03/28/23 CNY 71.65
GANZHOU CITY DEVELOPM 5.50 06/16/22 CNY 20.00
GANZHOU CITY DEVELOPM 5.50 06/16/22 CNY 20.15
GANZHOU DEVELOPMENT I 8.10 12/11/23 CNY 63.25
GAOMI CITY CONSTRUCTI 5.95 09/18/24 CNY 59.97
GAOMI CITY CONSTRUCTI 5.95 09/18/24 CNY 60.00
GAOMI STATE-OWNED ASS 4.69 01/26/23 CNY 39.50
GAOMI STATE-OWNED ASS 4.69 01/26/23 CNY 39.54
GAOQING LU QING ASSET 7.50 09/27/24 CNY 64.01
GAOQING LU QING ASSET 7.50 09/27/24 CNY 64.02
GAOYOU CITY CONSTRUCT 5.48 09/15/22 CNY 20.00
GAOYOU CITY CONSTRUCT 5.48 09/15/22 CNY 20.29
GAOYOU CITY ECONOMY D 3.65 09/02/23 CNY 40.00
GAOYOU CITY ECONOMY D 3.65 09/02/23 CNY 40.28
GAOYOU CITY ECONOMY D 5.26 07/13/24 CNY 61.42
GAOYOU CITY ECONOMY D 5.26 07/13/24 CNY 62.10
GONG'AN COUNTY CITY C 4.30 08/30/23 CNY 39.63
GONG'AN COUNTY CITY C 4.30 08/30/23 CNY 39.92
GONGQINGCHENG FINANCI 5.85 03/25/23 CNY 40.27
GONGQINGCHENG FINANCI 5.85 03/25/23 CNY 40.27
GUANGAN DEVELOPMENT A 6.39 03/24/22 CNY 20.20
GUANGAN DEVELOPMENT A 6.39 03/24/22 CNY 24.00
GUANGAN ECONOMIC & TE 5.16 04/14/23 CNY 40.05
GUANGAN ECONOMIC & TE 5.16 04/14/23 CNY 40.19
GUANGAN TRANSPORTATIO 5.39 12/01/23 CNY 48.77
GUANGAN XINHONG INVES 7.18 08/28/24 CNY 59.86
GUANGAN XINHONG INVES 7.18 08/28/24 CNY 60.00
GUANGDE CITY STATE-OW 5.37 07/18/24 CNY 60.46
GUANGDE CITY STATE-OW 5.37 07/18/24 CNY 62.40
GUANGDONG HUIZHOU COM 4.16 05/17/23 CNY 40.40
GUANGDONG HUIZHOU COM 4.16 05/17/23 CNY 40.46
GUANGDONG HUIZHOU COM 4.95 12/27/23 CNY 61.13
GUANGDONG HUIZHOU COM 4.95 12/27/23 CNY 61.16
GUANGRAO COUNTY ECONO 3.61 09/08/23 CNY 40.09
GUANGSHUI CITY DEVELO 6.19 03/01/24 CNY 61.21
GUANGSHUI CITY DEVELO 6.19 03/01/24 CNY 61.57
GUANGXI LAIBIN INDUST 5.97 11/26/21 CNY 20.00
GUANGXI LAIBIN INDUST 5.97 11/26/21 CNY 20.01
GUANGXI LIUZHOU DONGC 6.50 07/24/24 CNY 71.96
GUANGXI LIUZHOU INVES 4.28 03/08/23 CNY 37.78
GUANGYUAN YUANQU CONS 4.48 03/10/23 CNY 40.04
GUANGYUAN YUANQU CONS 4.48 03/10/23 CNY 40.12
GUANGZHOU HUANTOU NAN 6.38 11/18/24 CNY 60.30
GUANGZHOU HUANTOU NAN 6.38 11/18/24 CNY 61.13
GUANGZHOU METRO GROUP 6.45 04/02/24 CNY 45.00
GUANGZHOU METRO GROUP 6.45 04/02/24 CNY 46.94
GUANGZHOU METRO GROUP 6.05 06/03/24 CNY 46.91
GUANGZHOU PANYU INFOR 4.50 09/08/26 CNY 70.50
GUANGZHOU PANYU INFOR 4.50 09/08/26 CNY 70.51
GUANGZHOU R&F PROPERT 6.70 04/07/22 CNY 52.03
GUANGZHOU R&F PROPERT 6.80 05/16/22 CNY 65.50
GUANGZHOU R&F PROPERT 7.00 01/03/23 CNY 64.00
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 75.00
GUILIN ECONOMIC CONST 5.60 04/22/22 CNY 20.00
GUILIN ECONOMIC CONST 5.60 04/22/22 CNY 20.21
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIXI STATE OWNED HOL 4.18 08/18/23 CNY 39.62
GUIXI STATE OWNED HOL 4.18 08/18/23 CNY 39.64
GUIYANG BAIYUN INDUST 7.30 03/27/22 CNY 20.07
GUIYANG BAIYUN INDUST 7.30 03/27/22 CNY 25.00
GUIYANG BAIYUN URBAN 6.48 07/17/24 CNY 59.81
GUIYANG BAIYUN URBAN 6.48 07/17/24 CNY 60.00
GUIYANG BAIYUN URBAN 7.28 09/25/24 CNY 59.04
GUIYANG BAIYUN URBAN 7.28 09/25/24 CNY 60.00
GUIYANG BAIYUN URBAN 4.75 09/13/26 CNY 61.31
GUIYANG BAIYUN URBAN 4.75 09/13/26 CNY 62.16
GUIYANG CITY CONSTRUC 4.37 03/25/26 CNY 65.20
GUIYANG CITY CONSTRUC 4.37 03/25/26 CNY 66.96
GUIYANG ECONOMIC DEVE 6.35 09/21/24 CNY 59.59
GUIYANG GUANCHENG IND 7.50 12/25/22 CNY 71.18
GUIYANG GUANSHANHU DI 4.87 01/28/23 CNY 37.40
GUIYANG GUANSHANHU DI 4.87 01/28/23 CNY 39.94
GUIYANG GUANSHANHU DI 4.48 03/09/23 CNY 37.41
GUIYANG GUANSHANHU DI 4.48 03/09/23 CNY 38.53
GUIYANG GUANSHANHU DI 6.49 06/22/24 CNY 56.80
GUIYANG GUANSHANHU DI 6.49 06/22/24 CNY 57.61
GUIYANG URBAN CONSTRU 5.23 12/02/22 CNY 39.00
GUIYANG URBAN CONSTRU 5.23 12/02/22 CNY 39.80
GUIYANG URBAN CONSTRU 5.98 07/21/24 CNY 59.97
GUIYANG URBAN CONSTRU 5.98 07/21/24 CNY 60.00
GUIZHOU EAST LAKE CIT 5.18 01/06/23 CNY 37.94
GUIZHOU FANJINGSHAN I 6.95 01/28/22 CNY 19.90
GUIZHOU FANJINGSHAN I 6.95 01/28/22 CNY 19.91
GUIZHOU GUIAN CONSTRU 4.17 10/28/22 CNY 20.11
GUIZHOU GUIAN CONSTRU 4.17 10/28/22 CNY 21.00
GUIZHOU GUILONG INDUS 7.80 04/28/22 CNY 24.95
GUIZHOU GUILONG INDUS 7.80 04/28/22 CNY 25.32
GUIZHOU HONGCAI INVES 6.00 06/07/23 CNY 27.76
GUIZHOU HONGCAI INVES 6.00 06/07/23 CNY 28.78
GUIZHOU KAILI KAIYUAN 7.30 05/26/24 CNY 57.20
GUIZHOU KAILI KAIYUAN 7.30 05/26/24 CNY 62.00
GUIZHOU KAILI KAIYUAN 7.28 08/29/24 CNY 60.00
GUIZHOU KAILI KAIYUAN 7.28 08/29/24 CNY 62.07
GUIZHOU LIUPANSHUI PA 7.30 07/24/24 CNY 50.34
GUIZHOU RAILWAY INVES 7.20 03/27/22 CNY 20.20
GUIZHOU RAILWAY INVES 7.20 03/27/22 CNY 20.30
GUIZHOU RAILWAY INVES 7.50 04/23/24 CNY 46.98
GUIZHOU RAILWAY INVES 7.50 04/23/24 CNY 47.00
GUIZHOU SHUICHENG CIT 4.98 11/22/23 CNY 52.33
GUIZHOU SHUICHENG CIT 4.98 11/22/23 CNY 60.01
GUIZHOU SHUICHENG ECO 7.50 10/26/25 CNY 39.50
GUIZHOU XINDONGGUAN C 7.70 09/05/24 CNY 62.25
GULIN STATE-OWNED ASS 4.18 08/04/23 CNY 39.31
GULIN STATE-OWNED ASS 4.18 08/04/23 CNY 39.32
GULIN STATE-OWNED ASS 5.96 07/24/24 CNY 61.17
GULIN STATE-OWNED ASS 5.96 07/24/24 CNY 64.51
HAIAN DEVELOPMENT ZON 4.47 11/16/23 CNY 58.74
HAIAN DEVELOPMENT ZON 4.47 11/16/23 CNY 59.69
HAIAN ECONOMIC TECHNO 5.45 04/13/23 CNY 39.98
HAIAN ECONOMIC TECHNO 5.45 04/13/23 CNY 40.05
HAIAN URBAN DEMOLITIO 5.08 11/27/22 CNY 40.20
HAIAN URBAN DEMOLITIO 5.08 11/27/22 CNY 40.58
HAICHENG URBAN JINCAI 5.37 08/10/23 CNY 40.31
HAIFENG MARINE INFRAS 6.84 04/29/22 CNY 20.17
HAIKOU MEILAN INTERNA 5.25 09/06/19 USD 10.51
HAINAN AIRLINES HOLDI 6.20 05/24/21 CNY 51.00
HAINING ASSET MANAGEM 3.40 08/16/23 CNY 69.70
HAIYAN COUNTY STATE-O 5.80 06/12/24 CNY 61.70
HAMI JIANHUI STATE-OW 3.90 09/21/23 CNY 39.91
HANCHENG CITY INVESTM 4.69 12/05/23 CNY 58.23
HANCHENG CITY INVESTM 4.69 12/05/23 CNY 58.51
HANCHUAN CITY HANRONG 4.25 07/18/23 CNY 39.65
HANCHUAN CITY HANRONG 4.25 07/18/23 CNY 39.97
HANDAN CONSTRUCTION & 5.48 05/27/22 CNY 20.12
HANDAN CONSTRUCTION & 5.48 05/27/22 CNY 27.20
HANGZHOU CANAL COMPRE 3.40 10/17/23 CNY 39.74
HANGZHOU CANAL COMPRE 3.40 10/17/23 CNY 39.86
HANGZHOU FUYANG DEVEL 4.76 01/27/23 CNY 40.28
HANGZHOU FUYANG DEVEL 4.76 01/27/23 CNY 40.38
HANGZHOU GONGSHU DIST 3.80 03/14/23 CNY 40.00
HANGZHOU GONGSHU DIST 3.80 03/14/23 CNY 40.21
HANGZHOU METRO GROUP 5.97 09/17/24 CNY 47.19
HANGZHOU WEST LAKE IN 4.30 04/25/23 CNY 39.87
HANGZHOU WEST LAKE IN 4.30 04/25/23 CNY 40.48
HANGZHOU XIAOSHAN QIA 4.00 03/22/23 CNY 39.77
HANGZHOU XIAOSHAN QIA 4.00 03/22/23 CNY 40.28
HANJIANG STATE-OWNED- 5.40 04/21/24 CNY 61.67
HANJIANG STATE-OWNED- 5.40 04/21/24 CNY 61.73
HANSHAN CITY CONSTRUC 6.20 08/30/24 CNY 60.00
HANSHAN CITY CONSTRUC 6.20 08/30/24 CNY 62.08
HEBEI ZHONGYUE CITY C 4.10 11/16/21 CNY 19.99
HEBEI ZHONGYUE CITY C 4.10 11/16/21 CNY 20.00
HECHI CITY CONSTRUCTI 5.58 11/13/22 CNY 36.00
HECHI CITY CONSTRUCTI 5.58 11/13/22 CNY 39.56
HECHI STATE-OWNED CAP 4.37 11/04/23 CNY 39.00
HECHI STATE-OWNED CAP 4.37 11/04/23 CNY 39.13
HEFEI CONSTRUCTION IN 7.20 04/29/24 CNY 47.69
HEFEI XINCHENG STATE- 4.13 07/15/23 CNY 39.65
HEFEI XINCHENG STATE- 4.13 07/15/23 CNY 40.31
HEILONGJIANG HECHENG 5.60 11/11/21 CNY 20.00
HEILONGJIANG HECHENG 7.05 06/21/22 CNY 15.19
HEISHAN TONGHE ASSET 6.79 09/18/22 CNY 19.28
HEISHAN TONGHE ASSET 6.79 09/18/22 CNY 19.99
HENGDONG URBAN & RURA 6.60 12/27/23 CNY 60.96
HENGDONG URBAN & RURA 6.60 12/27/23 CNY 60.98
HENGYANG BINJIANG NEW 5.47 07/27/24 CNY 61.66
HENGYANG CITY AND URB 7.50 09/22/24 CNY 60.39
HENGYANG CITY AND URB 7.50 09/22/24 CNY 62.63
HENGYANG COMMUNICATIO 4.28 01/21/23 CNY 40.00
HENGYANG COMMUNICATIO 4.28 01/21/23 CNY 40.12
HESHAN PUBLIC ASSET M 4.08 09/28/23 CNY 39.81
HESHAN PUBLIC ASSET M 4.08 09/28/23 CNY 39.81
HESHAN PUBLIC ASSET M 5.08 12/07/23 CNY 60.99
HESHAN PUBLIC ASSET M 5.08 12/07/23 CNY 61.09
HETIAN YUXIN STATE-OW 4.65 03/28/23 CNY 39.46
HETIAN YUXIN STATE-OW 4.65 03/28/23 CNY 39.83
HEYUAN CITY RUNYE INV 6.20 12/03/21 CNY 20.00
HEYUAN CITY RUNYE INV 6.20 12/03/21 CNY 20.03
HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00
HNA GROUP CO LTD 5.99 11/27/22 CNY 29.10
HONGDAXINGYE GROUP CO 7.00 12/14/20 CNY 18.00
HONGDAXINGYE GROUP CO 7.00 01/15/21 CNY 18.00
HONGHEZHOU DEVELOPMEN 5.90 07/12/24 CNY 62.04
HONGHU CITY HONGRUI I 6.30 10/13/24 CNY 62.67
HONGHU CITY HONGRUI I 6.30 10/13/24 CNY 62.67
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 46.30
HUAIAN CITY HUAIAN DI 4.63 05/03/23 CNY 40.02
HUAIAN CITY HUAIAN DI 4.63 05/03/23 CNY 40.15
HUAIAN CITY URBAN ASS 5.70 04/23/22 CNY 20.23
HUAIAN CITY URBAN ASS 5.70 04/23/22 CNY 21.54
HUAIAN CITY XUYI URBA 5.10 04/15/23 CNY 39.80
HUAIAN CITY XUYI URBA 5.10 04/15/23 CNY 40.09
HUAIAN HONGRI TRANSPO 5.09 04/20/23 CNY 39.09
HUAIAN HONGRI TRANSPO 5.09 04/20/23 CNY 39.11
HUAIAN HONGZE DISTRIC 4.37 07/18/23 CNY 39.63
HUAIAN HONGZE DISTRIC 4.37 07/18/23 CNY 39.70
HUAI'AN NEW CITY INVE 5.22 09/20/24 CNY 61.58
HUAIAN QINGPU CITY CO 6.75 09/29/24 CNY 56.72
HUAIAN QINGPU CITY CO 6.75 09/29/24 CNY 56.99
HUAI'AN WATER CONSERV 5.28 08/11/24 CNY 60.00
HUAI'AN WATER CONSERV 5.28 08/11/24 CNY 61.40
HUAIHUA CITY CONSTRUC 4.18 08/31/23 CNY 38.21
HUAIHUA CITY CONSTRUC 4.18 08/31/23 CNY 38.30
HUAIHUA ECONOMIC DEVE 6.80 03/26/22 CNY 20.00
HUAIHUA ECONOMIC DEVE 6.80 03/26/22 CNY 20.02
HUAIHUA ECONOMIC DEVE 5.77 08/07/24 CNY 60.00
HUAIHUA ECONOMIC DEVE 5.77 08/07/24 CNY 60.07
HUAIHUA TRANSPORTATIO 4.96 04/12/23 CNY 39.08
HUAIHUA TRANSPORTATIO 4.96 04/12/23 CNY 39.28
HUAINAN INDUSTRY DEVE 5.69 10/25/24 CNY 61.59
HUAINAN INDUSTRY DEVE 5.69 10/25/24 CNY 61.78
HUAINAN SHAN NAN DEVE 6.53 08/24/24 CNY 59.13
HUAINAN SHAN NAN DEVE 6.53 08/24/24 CNY 61.53
HUAINAN URBAN CONSTRU 5.74 09/04/24 CNY 60.92
HUAINAN URBAN CONSTRU 5.74 09/04/24 CNY 62.09
HUANGGANG CITY CONSTR 4.08 01/18/23 CNY 40.19
HUANGMEI COUNTY URBAN 6.80 10/09/24 CNY 60.00
HUANGMEI COUNTY URBAN 6.80 10/09/24 CNY 60.45
HUANGMEI COUNTY URBAN 6.68 10/18/24 CNY 60.00
HUANGMEI COUNTY URBAN 6.68 10/18/24 CNY 61.75
HUANGSHAN CHENGTOU GR 5.95 05/06/22 CNY 20.25
HUANGSHAN CHENGTOU GR 5.95 05/06/22 CNY 20.65
HUANGSHI CIHU HIGH-TE 4.97 06/08/23 CNY 39.96
HUANGSHI CIHU HIGH-TE 4.97 06/08/23 CNY 39.97
HUANGSHI CIHU HIGH-TE 4.50 06/08/23 CNY 40.11
HUANGSHI CIHU HIGH-TE 4.50 06/08/23 CNY 43.00
HUANGSHI URBAN CONSTR 5.99 04/29/22 CNY 20.00
HUANGSHI URBAN CONSTR 5.99 04/29/22 CNY 20.27
HUANGSHI ZHONGBANG CI 5.95 06/02/24 CNY 61.97
HUANGSHI ZHONGBANG CI 5.95 06/02/24 CNY 61.97
HUBEI PROVINCE CHANGJ 6.15 04/03/22 CNY 20.28
HUBEI PROVINCE CHANGJ 6.15 04/03/22 CNY 22.40
HUBEI SONGZI JINSONG 6.60 06/21/24 CNY 60.46
HUBEI SONGZI JINSONG 6.60 06/21/24 CNY 61.44
HUBEI SUPPLY AND MARK 6.70 08/23/24 CNY 56.98
HUBEI SUPPLY AND MARK 6.70 08/23/24 CNY 61.72
HUBEI YILING ECONOMIC 6.45 09/05/24 CNY 60.00
HUBEI YILING ECONOMIC 6.45 09/05/24 CNY 60.18
HULUDAO INVESTMENT GR 7.50 10/18/23 CNY 29.00
HULUDAO INVESTMENT GR 7.50 10/18/23 CNY 30.85
HULUNBEIER INVESTMENT 6.31 04/30/22 CNY 19.65
HULUNBEIER INVESTMENT 6.31 04/30/22 CNY 20.22
HUNAN CHUZHISHENG HOL 5.60 12/18/22 CNY 39.86
HUNAN CHUZHISHENG HOL 5.60 12/18/22 CNY 40.43
HUNAN DESHAN CONSTRUC 6.46 09/14/24 CNY 58.46
HUNAN DESHAN CONSTRUC 6.46 09/14/24 CNY 61.52
HUNAN JINYANG INVESTM 5.70 11/27/21 CNY 18.60
HUNAN JINYANG INVESTM 5.70 11/27/21 CNY 20.01
HUNAN JINYANG INVESTM 4.37 01/19/23 CNY 39.85
HUNAN JINYANG INVESTM 4.37 01/19/23 CNY 40.10
HUNAN JINYANG INVESTM 4.39 04/06/23 CNY 39.97
HUNAN JINYANG INVESTM 4.39 04/06/23 CNY 40.13
HUNAN JINYANG NEW CIT 4.43 10/23/22 CNY 20.11
HUNAN JINYANG NEW CIT 4.43 10/23/22 CNY 20.11
HUNAN LINGANG DEVELOP 4.24 07/21/23 CNY 39.11
HUNAN LINGANG DEVELOP 4.24 07/21/23 CNY 39.55
HUNAN LINGANG DEVELOP 3.94 10/26/23 CNY 38.14
HUNAN LINGANG DEVELOP 3.94 10/26/23 CNY 39.45
HUNAN LOUDI ECONOMIC 6.36 03/13/22 CNY 19.64
HUNAN LOUDI ECONOMIC 6.36 03/13/22 CNY 27.00
HUNAN LOUDI ECONOMIC 4.89 03/30/23 CNY 37.64
HUNAN LOUDI ECONOMIC 4.89 03/30/23 CNY 39.17
HUNAN PROVINCIAL RAIL 6.09 04/30/25 CNY 60.00
HUNAN PROVINCIAL RAIL 6.09 04/30/25 CNY 62.72
HUNAN SENTE INDUSTRIA 6.90 11/28/24 CNY 40.00
HUNAN SHAODONG ECO-IN 6.58 12/13/23 CNY 60.40
HUNAN SHAODONG ECO-IN 6.58 12/13/23 CNY 60.95
HUNAN TIER GROUP CO L 4.20 03/17/23 CNY 38.05
HUNAN TIER GROUP CO L 4.20 03/17/23 CNY 38.06
HUNAN YOUZHOU INVESTM 4.80 07/07/23 CNY 39.91
HUNAN YOUZHOU INVESTM 4.80 07/07/23 CNY 39.92
HUNAN ZHIGU INVESTMEN 5.80 07/28/24 CNY 60.00
HUNAN ZHIGU INVESTMEN 5.80 07/28/24 CNY 61.72
INNER MONGOLIA JINLON 7.30 11/19/22 CNY 39.50
INNER MONGOLIA JINLON 7.30 11/19/22 CNY 40.41
INNER MONGOLIA KE'ERQ 6.50 03/11/22 CNY 20.00
INNER MONGOLIA KE'ERQ 6.50 03/11/22 CNY 20.00
INNER MONGOLIA KE'ERQ 6.45 04/30/22 CNY 20.09
INNER MONGOLIA KE'ERQ 6.45 04/30/22 CNY 20.13
INNER MONGOLIA ZHUNGE 6.54 12/31/21 CNY 20.10
INNER MONGOLIA ZHUNGE 6.54 12/31/21 CNY 22.10
JIAHE ZHUDU DEVELOPME 6.50 05/25/24 CNY 61.38
JIAHE ZHUDU DEVELOPME 6.50 05/25/24 CNY 61.38
JIAN CITY JINGANGSHAN 4.87 01/27/23 CNY 39.91
JIAN CITY JINGANGSHAN 4.87 01/27/23 CNY 39.96
JIANAN INVESTMENT HOL 4.30 03/08/23 CNY 40.34
JIANAN INVESTMENT HOL 4.30 03/08/23 CNY 40.38
JIANAN INVESTMENT HOL 3.50 09/05/23 CNY 39.70
JIANAN INVESTMENT HOL 3.50 09/05/23 CNY 40.08
JIANAN INVESTMENT HOL 3.85 09/05/23 CNY 40.20
JIANAN INVESTMENT HOL 3.85 09/05/23 CNY 40.28
JIANGMEN NEW HI-TECH 6.03 04/22/22 CNY 20.25
JIANGMEN NEW HI-TECH 6.03 04/22/22 CNY 20.35
JIANGSU BEIGU INDUSTR 5.80 06/20/23 CNY 39.77
JIANGSU BEIGU INDUSTR 5.80 06/20/23 CNY 39.96
JIANGSU DAHANG LINGAN 5.18 09/22/23 CNY 39.31
JIANGSU DAHANG LINGAN 5.18 09/22/23 CNY 39.47
JIANGSU GAOCHUN ECONO 3.67 09/23/23 CNY 39.75
JIANGSU GAOCHUN ECONO 3.67 09/23/23 CNY 39.76
JIANGSU GAOCHUN ECONO 3.92 11/23/23 CNY 59.89
JIANGSU GAOCHUN ECONO 3.92 11/23/23 CNY 60.02
JIANGSU GAOCHUN ECONO 5.66 06/26/24 CNY 61.39
JIANGSU GAOCHUN ECONO 5.66 06/26/24 CNY 61.43
JIANGSU GAOCHUN ECONO 6.08 08/14/24 CNY 59.57
JIANGSU GAOCHUN ECONO 6.08 08/14/24 CNY 61.93
JIANGSU HAIRUN CITY D 6.22 04/03/22 CNY 20.22
JIANGSU HAIRUN CITY D 6.22 04/03/22 CNY 20.25
JIANGSU HAIZHOU DEVEL 4.67 06/06/23 CNY 39.60
JIANGSU HAIZHOU DEVEL 4.67 06/06/23 CNY 40.37
JIANGSU HAIZHOUWAN DE 5.38 03/29/23 CNY 29.70
JIANGSU HANRUI INVEST 4.63 04/15/23 CNY 40.42
JIANGSU HANRUI INVEST 4.63 04/15/23 CNY 40.44
JIANGSU HANRUI INVEST 5.00 08/31/23 CNY 38.08
JIANGSU HANRUI INVEST 5.00 08/31/23 CNY 39.70
JIANGSU HONGZE LAKE S 6.50 08/01/24 CNY 60.16
JIANGSU JINHUI GROUP 5.16 07/14/24 CNY 61.34
JIANGSU JINHUI GROUP 5.16 07/14/24 CNY 63.60
JIANGSU JINTAN GUOFA 4.60 08/22/23 CNY 39.79
JIANGSU JINTAN GUOFA 4.60 08/22/23 CNY 39.80
JIANGSU KAIYUAN INVES 7.08 08/03/24 CNY 59.44
JIANGSU KAIYUAN INVES 7.08 08/03/24 CNY 60.00
JIANGSU RUNCHENG ASSE 5.65 04/19/24 CNY 61.11
JIANGSU RUNCHENG ASSE 5.65 04/19/24 CNY 62.65
JIANGSU WUZHONG ECONO 5.49 11/19/21 CNY 20.01
JIANGSU WUZHONG ECONO 5.49 11/19/21 CNY 20.32
JIANGSU XISHAN ECONOM 5.78 07/20/22 CNY 20.37
JIANGSU XISHAN ECONOM 5.78 07/20/22 CNY 20.50
JIANGSU YANGKOU PORT 6.23 04/10/22 CNY 20.11
JIANGSU YANGKOU PORT 6.23 04/10/22 CNY 27.50
JIANGSU YINGZHOU DEVE 4.33 09/21/23 CNY 38.19
JIANGSU YINGZHOU DEVE 4.33 09/21/23 CNY 38.43
JIANGSU YIXING ENVIRO 4.08 09/14/23 CNY 40.03
JIANGSU YIXING ENVIRO 4.08 09/14/23 CNY 40.15
JIANGSU ZHONGAN CONST 5.65 03/24/24 CNY 60.79
JIANGSU ZHONGAN CONST 5.65 03/24/24 CNY 62.40
JIANGSU ZHONGGUANCUN 5.70 08/30/24 CNY 61.60
JIANGSU ZHONGGUANCUN 5.70 08/30/24 CNY 61.74
JIANGSU ZHUFU INDUSTR 4.47 07/20/23 CNY 38.90
JIANGSU ZHUFU INDUSTR 4.47 07/20/23 CNY 39.30
JIANGXI HEJI INVESTME 5.09 12/17/22 CNY 39.61
JIANGXI HEJI INVESTME 5.09 12/17/22 CNY 40.00
JIANGXI LONGHU MOUNTA 4.35 03/16/23 CNY 39.58
JIANGXI LONGHU MOUNTA 4.35 03/16/23 CNY 39.78
JIANGXI PINGXIANG CHA 6.00 08/11/24 CNY 60.00
JIANGXI PINGXIANG CHA 6.00 08/11/24 CNY 60.21
JIANGYOU HONGFEI INVE 6.55 09/02/22 CNY 20.10
JIANGYOU HONGFEI INVE 6.55 09/02/22 CNY 20.31
JIANHU URBAN CONSTRUC 6.30 06/01/22 CNY 19.96
JIANHU URBAN CONSTRUC 6.30 06/01/22 CNY 22.86
JIANLI FENGYUAN CITY 6.78 04/28/24 CNY 61.44
JIANLI FENGYUAN CITY 6.78 04/28/24 CNY 61.45
JIANYANG DEVELOPMENT 3.93 11/10/23 CNY 58.49
JIANYANG DEVELOPMENT 3.93 11/10/23 CNY 58.58
JIANYANG MODERN INDUS 6.00 04/24/24 CNY 60.19
JIANYANG MODERN INDUS 6.00 04/24/24 CNY 60.61
JIAXING JIAXIU DEVELO 5.60 09/25/24 CNY 61.80
JIAXING JIAXIU DEVELO 5.60 09/25/24 CNY 61.99
JIAXING XIANGJIADANG 4.13 07/20/23 CNY 39.64
JIAXING XIANGJIADANG 4.13 07/20/23 CNY 40.34
JIAXING XIANGJIADANG 3.87 09/21/23 CNY 39.38
JIAXING XIANGJIADANG 3.87 09/21/23 CNY 40.09
JIAYU COUNTY URBAN TO 5.70 01/19/23 CNY 40.00
JIAYU COUNTY URBAN TO 5.70 01/19/23 CNY 40.19
JIAYU COUNTY URBAN TO 6.50 01/19/24 CNY 60.55
JIAYU COUNTY URBAN TO 6.50 01/19/24 CNY 61.04
JIAYU COUNTY URBAN TO 5.70 03/23/24 CNY 60.57
JIAYU COUNTY URBAN TO 5.70 03/23/24 CNY 60.57
JILIN CITY CONSTRUCTI 3.80 01/27/23 CNY 37.00
JILIN CITY CONSTRUCTI 3.80 01/27/23 CNY 39.79
JILIN ECONOMIC AND TE 6.20 04/29/23 CNY 40.07
JILIN ECONOMIC AND TE 6.20 04/29/23 CNY 40.17
JINAN CITY LICHENG DI 5.00 06/23/22 CNY 20.00
JINAN CITY LICHENG DI 5.00 06/23/22 CNY 20.10
JINCHANG CONSTRUCTION 6.79 12/21/22 CNY 20.00
JINCHANG CONSTRUCTION 6.79 12/21/22 CNY 40.40
JINCHENG STATE-OWNED 4.99 11/11/21 CNY 20.00
JINCHENG STATE-OWNED 4.99 11/11/21 CNY 20.10
JINGDEZHEN CERAMIC CU 5.38 11/27/22 CNY 39.96
JINGDEZHEN CERAMIC CU 5.38 11/27/22 CNY 40.00
JINGJIANG BINJIANG XI 5.37 07/25/24 CNY 60.31
JINGJIANG BINJIANG XI 5.37 07/25/24 CNY 63.53
JINGJIANG CITY INVEST 4.55 03/30/23 CNY 39.86
JINGJIANG CITY INVEST 4.55 03/30/23 CNY 39.94
JINGMEN CITY CONSTRUC 6.85 07/09/22 CNY 15.00
JINGMEN CITY CONSTRUC 6.85 07/09/22 CNY 15.35
JINGMEN HIGH-TECH DEV 5.48 08/11/22 CNY 19.80
JINGMEN HIGH-TECH DEV 5.48 08/11/22 CNY 20.19
JINGMEN HIGH-TECH DEV 4.15 07/28/23 CNY 39.62
JINGMEN HIGH-TECH DEV 4.15 07/28/23 CNY 39.83
JINGSHAN JINGCHENG IN 4.38 08/29/23 CNY 39.22
JINGSHAN JINGCHENG IN 4.38 08/29/23 CNY 40.29
JINGZHOU DEVELOPMENT 4.87 09/23/26 CNY 65.26
JINGZHOU DEVELOPMENT 4.87 09/23/26 CNY 69.64
JINGZHOU URBAN CONSTR 3.97 03/10/23 CNY 40.10
JINGZHOU URBAN CONSTR 3.97 03/10/23 CNY 40.23
JINGZHOU URBAN CONSTR 5.68 07/20/24 CNY 61.55
JINGZHOU URBAN CONSTR 5.68 07/20/24 CNY 61.70
JINHU COUNTY STATE-OW 4.00 07/26/22 CNY 25.13
JINHU COUNTY STATE-OW 4.00 07/26/22 CNY 25.13
JINING CITY SHIZHONG 6.39 01/29/22 CNY 19.98
JINING CITY SHIZHONG 6.39 01/29/22 CNY 24.44
JINING CITY SHIZHONG 3.52 09/14/23 CNY 38.98
JINING HIGH TECH URBA 6.09 04/30/22 CNY 20.19
JINING HIGH TECH URBA 6.09 04/30/22 CNY 21.50
JINING HIGH TECH URBA 5.88 04/25/23 CNY 71.15
JINNENG HOLDING COAL 5.20 04/24/28 CNY 75.00
JINSHA COUNTY CONSTRU 6.01 09/05/23 CNY 37.96
JINSHA COUNTY CONSTRU 6.01 09/05/23 CNY 38.69
JINTANG MODERN AGRICU 5.49 07/14/23 CNY 40.00
JINTANG MODERN AGRICU 5.49 07/14/23 CNY 40.22
JINXIAN COUNTY CITY C 6.20 07/24/24 CNY 60.98
JINZHAI URBAN DEVELOP 5.90 04/25/23 CNY 40.80
JINZHAI URBAN DEVELOP 5.90 04/25/23 CNY 40.80
JISHOU HUATAI STATE O 7.18 02/09/22 CNY 20.02
JISHOU HUATAI STATE O 7.18 02/09/22 CNY 22.82
JISHOU HUATAI STATE O 6.50 06/21/24 CNY 59.67
JISHOU HUATAI STATE O 6.50 06/21/24 CNY 62.50
JISHOU HUATAI STATE O 6.45 09/11/24 CNY 59.51
JISHOU HUATAI STATE O 6.45 09/11/24 CNY 60.00
JIUJIANG CITY CONSTRU 5.50 05/22/22 CNY 19.55
JIUJIANG CITY CONSTRU 5.50 05/22/22 CNY 20.24
JIUJIANG LAND INVESTM 6.20 03/23/22 CNY 20.13
JIUJIANG LAND INVESTM 6.20 03/23/22 CNY 20.36
JIUJIANG LIANXI DISTR 4.58 03/30/23 CNY 39.84
JIUJIANG LIANXI DISTR 4.58 03/30/23 CNY 40.01
JIXI STATE OWN ASSET 6.87 01/19/22 CNY 19.98
JIXI STATE OWN ASSET 6.87 01/19/22 CNY 20.04
JUNAN CITY STATE OWNE 7.50 09/26/24 CNY 59.81
JUNAN CITY STATE OWNE 7.50 09/26/24 CNY 62.63
JURONG URBAN CONSTRUC 6.89 09/18/24 CNY 60.00
JURONG URBAN CONSTRUC 6.89 09/18/24 CNY 61.09
JURONG URBAN CONSTRUC 6.80 11/06/24 CNY 60.83
KAIFENG URBAN OPERATI 6.35 03/23/22 CNY 20.09
KAIFENG URBAN OPERATI 6.35 03/23/22 CNY 20.09
KAIFU CITY DEVELOPMEN 4.20 01/21/23 CNY 39.85
KAIFU CITY DEVELOPMEN 4.20 01/21/23 CNY 40.13
KAIFU CITY DEVELOPMEN 3.73 08/22/23 CNY 39.85
KAIFU CITY DEVELOPMEN 3.73 08/22/23 CNY 40.21
KAILI GUIZHOU TOWN CO 5.29 12/17/22 CNY 38.94
KAILI GUIZHOU TOWN CO 5.29 12/17/22 CNY 40.00
KAILI GUIZHOU TOWN CO 4.20 10/13/23 CNY 37.07
KAILI GUIZHOU TOWN CO 4.20 10/13/23 CNY 37.07
KANGMEI PHARMACEUTICA 6.28 03/20/21 CNY 20.50
KANGMEI PHARMACEUTICA 6.10 03/28/21 CNY 20.50
KANGMEI PHARMACEUTICA 5.50 04/20/21 CNY 20.50
KANGMEI PHARMACEUTICA 7.00 06/21/21 CNY 20.50
KANGMEI PHARMACEUTICA 6.80 06/28/21 CNY 20.50
KANGMEI PHARMACEUTICA 6.33 01/27/22 CNY 36.69
KANGMEI PHARMACEUTICA 5.20 07/17/22 CNY 20.50
KANGMEI PHARMACEUTICA 5.29 08/16/22 CNY 20.50
KANGMEI PHARMACEUTICA 5.47 09/15/22 CNY 20.50
KASHI URBAN CONSTRUCT 5.80 07/20/22 CNY 20.10
KASHI URBAN CONSTRUCT 5.80 07/20/22 CNY 20.16
KUNMING DIANCHI INVES 5.75 07/24/24 CNY 59.79
KUNMING DIANCHI INVES 5.75 07/24/24 CNY 59.83
KUNSHAN YINQIAO HOLDI 5.50 10/18/24 CNY 62.25
KUNSHAN YINQIAO HOLDI 5.50 10/18/24 CNY 64.10
LAOHEKOU CITY CONSTRU 6.75 08/12/22 CNY 20.06
LAOHEKOU CITY CONSTRU 6.49 08/16/24 CNY 60.00
LAOHEKOU CITY CONSTRU 6.49 08/16/24 CNY 61.14
LEIYANG CITY AND RURA 7.80 04/10/22 CNY 20.31
LEIYANG CITY AND RURA 7.80 04/10/22 CNY 20.32
LEPING STATE-OWNED AS 3.70 10/20/23 CNY 39.42
LEPING STATE-OWNED AS 3.70 10/20/23 CNY 39.79
LIANYUNGANG HENGCHI I 7.45 09/22/24 CNY 58.73
LIANYUNGANG HENGCHI I 7.45 09/22/24 CNY 60.00
LIANYUNGANG HENGCHI I 7.40 10/27/24 CNY 60.00
LIANYUNGANG HENGCHI I 7.40 10/27/24 CNY 62.23
LIANYUNGANG TRANSPORT 5.47 11/17/21 CNY 20.01
LIANYUNGANG TRANSPORT 5.47 11/17/21 CNY 25.00
LIAOCHENG ANTAI URBAN 5.16 04/11/23 CNY 39.56
LIAOCHENG ANTAI URBAN 4.58 04/11/23 CNY 39.63
LIAOCHENG ANTAI URBAN 4.58 04/11/23 CNY 39.68
LIAOCHENG ANTAI URBAN 5.16 04/11/23 CNY 40.00
LIAOCHENG XINGYE HOLD 5.20 04/13/23 CNY 39.49
LIAOCHENG XINGYE HOLD 5.20 04/13/23 CNY 39.49
LIAONING GUANLONG CON 4.70 11/10/23 CNY 59.00
LIAONING GUANLONG CON 4.70 11/10/23 CNY 59.80
LIAONING YAODU DEVELO 6.50 04/29/23 CNY 40.62
LILING HIGH-TECH INDU 4.93 01/19/23 CNY 39.32
LINFEN YAODU DISTRICT 7.19 03/13/22 CNY 20.14
LINWU SHUNFA URBAN CO 7.00 08/23/24 CNY 60.00
LINWU SHUNFA URBAN CO 7.00 08/23/24 CNY 60.26
LINYI CITY DEVELOPMEN 3.85 11/22/23 CNY 59.36
LINYI CITY DEVELOPMEN 3.85 11/22/23 CNY 60.21
LISHUI CITY CULTURAL 5.67 08/13/22 CNY 20.03
LISHUI CITY CULTURAL 5.67 08/13/22 CNY 20.11
LIUPANSHUI CITY TRAFF 5.98 05/02/24 CNY 57.42
LIUPANSHUI CITY TRAFF 5.98 05/02/24 CNY 60.56
LIUPANSHUI DEVELOPMEN 3.74 01/20/23 CNY 39.70
LIUPANSHUI DEVELOPMEN 3.74 01/20/23 CNY 40.00
LIUPANSHUI MINSHENG I 5.08 01/29/23 CNY 36.70
LIUYANG MODERN MANUFA 4.72 01/19/23 CNY 39.81
LIUYANG MODERN MANUFA 4.72 01/19/23 CNY 39.82
LIUYANG MODERN MANUFA 5.75 05/02/24 CNY 61.69
LIUYANG MODERN MANUFA 5.88 08/10/24 CNY 62.26
LIUYANG MODERN MANUFA 5.88 08/10/24 CNY 62.37
LIUYANG URBAN CONSTRU 4.45 05/24/23 CNY 39.84
LIUYANG URBAN CONSTRU 4.45 05/24/23 CNY 40.49
LIUZHOU CITY INVESTME 7.18 12/31/22 CNY 29.91
LIUZHOU DONGTONG INVE 4.45 07/22/23 CNY 37.96
LIUZHOU DONGTONG INVE 4.45 07/22/23 CNY 38.00
LIUZHOU LONGJIAN INVE 8.28 04/30/24 CNY 44.50
LIUZHOU LONGJIAN INVE 8.28 04/30/24 CNY 45.83
LONGCHANG DEVELOPMENT 7.09 10/31/24 CNY 60.00
LONGCHANG DEVELOPMENT 7.09 10/31/24 CNY 61.82
LONGYAN RAILWAY CONST 4.98 04/13/23 CNY 39.82
LONGYAN RAILWAY CONST 4.98 04/13/23 CNY 39.98
LOUDI TIDU INVESTMENT 4.83 01/20/23 CNY 39.79
LOUDI TIDU INVESTMENT 4.83 01/20/23 CNY 39.93
LOUDI WANBAO NEW DIST 5.13 02/01/23 CNY 39.29
LOUDI WANBAO NEW DIST 5.13 02/01/23 CNY 39.35
LOUDI WANBAO NEW DIST 4.42 08/01/23 CNY 38.56
LOUDI WANBAO NEW DIST 4.42 08/01/23 CNY 39.72
LU'AN JIN'AN DISTRICT 5.95 07/24/24 CNY 61.71
LUJIANG CITY CONSTRUC 6.70 04/16/22 CNY 20.00
LUJIANG CITY CONSTRUC 6.70 04/16/22 CNY 20.30
LUOYANG CITY COUNTRY 4.28 04/26/23 CNY 40.30
LUOYANG CITY COUNTRY 4.28 04/26/23 CNY 40.53
LUOYANG CITY DEVELOPM 4.47 12/02/22 CNY 40.00
LUOYANG CITY DEVELOPM 4.47 12/02/22 CNY 40.25
LUXI URBAN CONSTRUCTI 6.80 10/27/24 CNY 60.00
LUXI URBAN CONSTRUCTI 6.80 10/27/24 CNY 60.10
LUZHOU FUYANG INVESTM 5.00 08/11/23 CNY 36.85
LUZHOU FUYANG INVESTM 5.00 08/11/23 CNY 39.01
LUZHOU HUIXING INVEST 6.28 10/19/24 CNY 61.16
LUZHOU HUIXING INVEST 6.28 10/19/24 CNY 62.31
LUZHOU XINGLU INVESTM 6.41 04/23/25 CNY 60.00
LUZHOU XINGLU INVESTM 6.41 04/23/25 CNY 63.34
LUZHOU XINGYANG INVES 4.87 01/28/23 CNY 39.49
LUZHOU XINGYANG INVES 4.87 01/28/23 CNY 39.51
MA'ANSHAN CIHU HIGH T 3.90 11/28/23 CNY 60.23
MA'ANSHAN CIHU HIGH T 3.90 11/28/23 CNY 60.35
MAANSHAN ECONOMIC TEC 6.49 03/06/22 CNY 20.14
MAANSHAN ECONOMIC TEC 6.49 03/06/22 CNY 24.99
MAANSHAN HUASHAN DIST 6.07 04/20/22 CNY 20.20
MAANSHAN HUASHAN DIST 6.07 04/20/22 CNY 20.45
MAANSHAN NINGBO INVES 7.50 04/18/26 CNY 40.00
MAANSHAN SOUTHERN IND 4.53 07/25/23 CNY 38.96
MAANSHAN SOUTHERN IND 4.53 07/25/23 CNY 39.50
MAANSHAN SOUTHERN IND 4.43 09/02/23 CNY 39.29
MAANSHAN SOUTHERN IND 4.43 09/02/23 CNY 39.36
MAANSHAN YUSHAN CITY 5.62 07/31/24 CNY 60.60
MAANSHAN YUSHAN CITY 5.62 07/31/24 CNY 60.61
MAANSHAN YUSHAN CITY 5.85 09/22/24 CNY 60.90
MAANSHAN YUSHAN CITY 5.85 09/22/24 CNY 60.90
MA'ANSHAN ZHENGPU HAR 6.00 10/13/24 CNY 62.04
MA'ANSHAN ZHENGPU HAR 6.00 10/13/24 CNY 64.26
MEISHAN CITY DONGPO D 5.90 06/30/23 CNY 38.93
MEISHAN CITY DONGPO D 5.90 06/30/23 CNY 39.23
MEISHAN HONGDA CONSTR 4.18 03/28/23 CNY 39.55
MEISHAN HONGDA CONSTR 4.18 03/28/23 CNY 39.89
MEISHAN MINDONG DEVEL 6.78 08/08/24 CNY 59.97
MEISHAN MINDONG DEVEL 6.78 08/08/24 CNY 61.75
MEIZHOU CITY XIN JIN 6.02 04/22/22 CNY 20.27
MEIZHOU CITY XIN JIN 6.02 04/22/22 CNY 25.32
MEIZHOU MEI COUNTY DI 5.00 12/30/22 CNY 39.92
MEIZHOU MEI COUNTY DI 5.00 12/30/22 CNY 40.10
MENGCHENG COUNTY URBA 5.60 09/21/24 CNY 61.60
MENGZI CITY DEVELOPME 7.65 09/25/24 CNY 62.44
MENGZI CITY DEVELOPME 7.65 09/25/24 CNY 62.53
MENGZI NEW CITY DEVEL 6.50 12/09/27 CNY 92.00
MIANYANG HONGDA ASSET 7.20 09/29/24 CNY 60.00
MIANYANG HONGDA ASSET 7.20 09/29/24 CNY 62.45
MUDANJIANG AREA URBAN 6.48 06/30/22 CNY 20.06
MUDANJIANG AREA URBAN 6.48 06/30/22 CNY 25.00
MUNICIPALITY OF SHENZ 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZ 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZ 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZ 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZ 3.37 03/29/26 CNY 70.20
MUNICIPALITY OF SHENZ 3.37 03/29/26 CNY 75.00
MUNICIPALITY OF SHENZ 3.37 03/29/26 CNY 75.00
NANCHANG ECONOMY TECH 3.83 09/22/23 CNY 39.84
NANCHANG ECONOMY TECH 3.83 09/22/23 CNY 40.15
NANCHONG AIRPORT INVE 6.80 01/26/22 CNY 20.05
NANJING BAIXIA STATE- 3.98 03/29/23 CNY 39.95
NANJING BAIXIA STATE- 3.98 03/29/23 CNY 40.28
NANJING JIANGBEI NEW 5.59 09/26/24 CNY 61.96
NANJING JIANGBEI NEW 5.59 09/26/24 CNY 62.50
NANJING JIANGNING ECO 7.94 04/14/24 CNY 47.62
NANJING JIANGNING URB 3.48 11/11/23 CNY 59.57
NANJING JIANGNING URB 3.48 11/11/23 CNY 59.88
NANJING JIANYE SCIENC 4.37 06/24/23 CNY 40.20
NANJING JIANYE SCIENC 4.37 06/24/23 CNY 40.49
NANJING LISHUI ECONOM 3.41 11/09/23 CNY 39.81
NANJING LISHUI ECONOM 3.41 11/09/23 CNY 60.07
NANJING LISHUI URBAN 4.97 04/28/23 CNY 40.00
NANJING LISHUI URBAN 4.97 04/28/23 CNY 40.49
NANJING METRO GROUP C 3.29 08/29/23 CNY 40.01
NANJING PUKOU COMMUNI 5.46 07/19/24 CNY 61.77
NANJING QIXIA STATE-O 4.10 06/24/23 CNY 40.12
NANJING QIXIA STATE-O 4.10 06/24/23 CNY 40.29
NANJING STATE OWNED A 5.60 03/06/23 CNY 30.64
NANLING COUNTY CONSTR 6.20 09/06/24 CNY 60.00
NANLING COUNTY CONSTR 6.20 09/06/24 CNY 60.12
NANNING HI-TECH INDUS 4.28 03/25/23 CNY 35.20
NANNING HI-TECH INDUS 4.28 03/25/23 CNY 39.94
NANNING HI-TECH INDUS 3.82 10/20/23 CNY 39.34
NANNING HI-TECH INDUS 3.82 10/20/23 CNY 39.49
NANPING CITY WUYI NEW 4.96 09/28/22 CNY 20.20
NANPING CITY WUYI NEW 4.96 09/28/22 CNY 20.23
NANTONG CHONGCHUAN UR 5.70 07/21/22 CNY 40.00
NANTONG CHONGCHUAN UR 5.70 07/21/22 CNY 40.86
NANTONG CITY TONGZHOU 3.75 07/07/23 CNY 40.00
NANTONG CITY TONGZHOU 3.75 07/07/23 CNY 40.00
NANTONG CITY TONGZHOU 4.88 04/10/24 CNY 60.93
NANTONG HIGH TECHNOLO 5.00 10/19/22 CNY 20.20
NANTONG HIGH TECHNOLO 5.00 10/19/22 CNY 20.34
NANTONG SHIBEI NEW CI 5.98 08/07/24 CNY 61.15
NANTONG SHIBEI NEW CI 5.98 08/07/24 CNY 61.69
NANTONG SUTONG HOLDIN 6.20 03/18/22 CNY 20.00
NANTONG SUTONG HOLDIN 6.20 03/18/22 CNY 20.14
NANTONG YUNTONG PORT 6.13 08/10/24 CNY 56.00
NANTONG YUNTONG PORT 6.13 08/10/24 CNY 59.87
NANYANG HIGH-TECH DIS 6.45 04/29/23 CNY 40.18
NANYANG HIGH-TECH DIS 6.45 04/29/23 CNY 40.57
NANZHANG COUNTY CONST 6.00 01/20/24 CNY 61.26
NANZHANG COUNTY CONST 6.00 01/20/24 CNY 61.30
NANZHANG COUNTY CONST 6.58 10/25/24 CNY 60.00
NANZHANG COUNTY CONST 6.58 10/25/24 CNY 62.77
NEIJIANG CITY XINGYUA 4.28 08/16/23 CNY 39.57
NEIJIANG CITY XINGYUA 4.28 08/16/23 CNY 39.62
NEIJIANG STATE-OWNED 6.20 04/12/23 CNY 39.55
NEIJIANG STATE-OWNED 6.20 04/12/23 CNY 40.04
NEIJINAG CONSTRUCTION 5.03 12/25/22 CNY 36.36
NEIJINAG CONSTRUCTION 5.03 12/25/22 CNY 38.96
NEOGLORY HOLDING GROU 8.10 11/23/18 CNY 72.00
NEOGLORY HOLDING GROU 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROU 8.00 10/22/20 CNY 56.00
NINGBO CITY ZHENHAI I 5.85 12/04/21 CNY 20.05
NINGBO FENGHUA INVEST 4.58 03/28/22 CNY 50.14
NINGBO FENGHUA INVEST 4.58 03/28/22 CNY 50.20
NINGBO MEISHAN ISLAND 6.27 03/23/22 CNY 20.24
NINGBO MEISHAN ISLAND 6.27 03/23/22 CNY 28.29
NINGGUO CITY STATE OW 7.14 08/07/24 CNY 60.80
NINGGUO CITY STATE OW 7.14 08/07/24 CNY 62.27
NINGXIA SHENG YAN IND 7.50 09/27/23 CNY 42.45
NINGXIANG CITY CONSTR 6.70 01/20/22 CNY 20.12
NINGXIANG CITY CONSTR 6.70 01/20/22 CNY 20.20
NINGXIANG CITY CONSTR 6.00 06/02/26 CNY 73.23
NINGXIANG ECONOMIC TE 3.87 01/27/23 CNY 40.00
NINGXIANG ECONOMIC TE 3.87 01/27/23 CNY 40.22
NINGXIANG STATE-OWNED 4.89 06/03/23 CNY 39.93
NINGXIANG STATE-OWNED 4.89 06/03/23 CNY 40.37
NINGXIANG STATE-OWNED 3.88 11/02/23 CNY 39.41
NINGXIANG STATE-OWNED 3.88 11/02/23 CNY 60.00
ONE BELT ONE ROAD JIA 4.70 07/15/23 CNY 40.44
ONE BELT ONE ROAD JIA 4.70 07/15/23 CNY 40.45
PANJIN WATER GROUP CO 5.18 10/28/23 CNY 36.52
PANSHAN COUNTY STATE- 7.48 01/21/22 CNY 20.06
PANSHAN COUNTY STATE- 7.48 01/21/22 CNY 20.06
PANZHIHUA STATE OWNED 8.18 03/13/22 CNY 20.21
PANZHIHUA STATE OWNED 8.18 03/13/22 CNY 20.45
PEIXIAN CITY INVESTME 5.20 11/10/22 CNY 40.00
PEIXIAN CITY INVESTME 5.20 11/10/22 CNY 40.19
PEIXIAN STATE-OWNED A 5.98 07/19/24 CNY 60.00
PEIXIAN STATE-OWNED A 5.98 07/19/24 CNY 61.01
PEKING UNIVERSITY FOU 6.20 05/31/20 CNY 11.00
PEKING UNIVERSITY FOU 6.15 07/23/20 CNY 11.00
PEKING UNIVERSITY FOU 6.30 09/12/20 CNY 11.00
PEKING UNIVERSITY FOU 4.80 07/26/21 CNY 11.00
PEKING UNIVERSITY FOU 6.10 08/22/21 CNY 11.00
PEKING UNIVERSITY FOU 5.99 11/02/21 CNY 11.00
PEKING UNIVERSITY FOU 5.80 01/28/22 CNY 11.00
PEKING UNIVERSITY FOU 6.68 08/09/23 CNY 11.00
PEKING UNIVERSITY FOU 6.50 11/16/23 CNY 11.00
PEKING UNIVERSITY FOU 6.30 03/04/24 CNY 11.00
PENGSHAN DEVELOPMENT 7.00 09/05/24 CNY 60.00
PENGSHAN DEVELOPMENT 7.00 09/05/24 CNY 62.44
PENGZHOU STATE-PENGZH 3.95 10/20/23 CNY 37.98
PINGHU CITY INVESTMEN 5.13 04/29/23 CNY 40.65
PINGHU CITY INVESTMEN 5.13 04/29/23 CNY 40.65
PINGJIANG COUNTY WATE 6.64 06/27/26 CNY 71.12
PINGLIANG CULTURAL & 6.85 11/30/22 CNY 36.00
PINGLIANG CULTURAL & 6.85 11/30/22 CNY 39.83
PINGTAN COMPREHENSIVE 3.92 01/29/23 CNY 39.60
PINGXIANG CHANGXING I 5.26 04/11/23 CNY 39.31
PINGXIANG CHANGXING I 5.26 04/11/23 CNY 40.40
PINGXIANG HUIFENG INV 6.60 01/26/22 CNY 19.95
PINGXIANG HUIFENG INV 6.60 01/26/22 CNY 19.98
PINGXIANG HUIFENG INV 5.79 09/21/24 CNY 60.70
PINGXIANG HUIFENG INV 5.79 09/21/24 CNY 61.40
PINGYANG STATE-OWNED 4.97 01/08/23 CNY 40.00
PINGYANG STATE-OWNED 4.97 01/08/23 CNY 40.39
PIZHOU CITY HENGRUN I 6.46 12/05/21 CNY 20.03
PIZHOU CITY HENGRUN I 6.46 12/05/21 CNY 22.46
PIZHOU ECONOMIC DEVEL 5.00 10/29/22 CNY 19.79
PIZHOU ECONOMIC DEVEL 5.00 10/29/22 CNY 20.00
PIZHOU ECONOMIC DEVEL 6.66 09/19/24 CNY 61.00
PIZHOU ECONOMIC DEVEL 6.66 09/19/24 CNY 61.82
POYANG INVESTMENT & D 6.53 08/08/24 CNY 60.00
POYANG INVESTMENT & D 6.53 08/08/24 CNY 62.76
PUCHENG INVESTMENT DE 6.57 08/10/24 CNY 60.00
PUCHENG INVESTMENT DE 6.57 08/10/24 CNY 61.60
PUDING YELANG STATE-O 7.79 11/13/24 CNY 74.00
PUTIAN HIGH TECHNOLOG 5.90 05/03/22 CNY 25.13
PUTIAN HIGH TECHNOLOG 5.90 05/03/22 CNY 25.14
PUYANG INVESTMENT GRO 5.18 08/17/24 CNY 61.57
PUYANG INVESTMENT GRO 5.18 08/17/24 CNY 61.69
QIANAN XINGYUAN WATER 6.25 04/22/22 CNY 20.17
QIANAN XINGYUAN WATER 6.25 04/22/22 CNY 20.24
QIANDONGNAN TRANSPORT 5.79 12/21/22 CNY 37.55
QIANDONGNAN TRANSPORT 5.79 12/21/22 CNY 38.10
QIANDONGNANZHOU KAIHO 5.30 09/22/26 CNY 48.25
QIANDONGNANZHOU KAIHO 5.30 09/22/26 CNY 54.03
QIANJIANG URBAN CONST 5.19 12/21/22 CNY 39.98
QIANJIANG URBAN CONST 5.19 12/21/22 CNY 40.00
QIANNAN AUTONOMOUS PR 6.99 04/19/24 CNY 57.36
QIANNAN AUTONOMOUS PR 6.99 04/19/24 CNY 57.42
QIANNAN AUTONOMOUS PR 6.98 07/06/24 CNY 57.01
QIANNAN AUTONOMOUS PR 6.98 07/06/24 CNY 57.18
QIANNANZHOU INVESTMEN 6.43 03/09/22 CNY 19.30
QIANNANZHOU INVESTMEN 6.43 03/09/22 CNY 19.80
QIANNANZHOU INVESTMEN 6.77 07/28/24 CNY 49.80
QIANXINAN AUTONOMOUS 5.90 06/22/23 CNY 39.52
QIANXINAN AUTONOMOUS 5.90 06/22/23 CNY 40.36
QICHUN COUNTY CONSTRU 4.96 10/18/23 CNY 39.38
QICHUN COUNTY CONSTRU 4.96 10/18/23 CNY 39.40
QIDONG COMMUNICATIONS 4.00 03/18/23 CNY 40.08
QIDONG COMMUNICATIONS 4.00 03/18/23 CNY 40.27
QIDONG STATE-OWNED AS 7.30 11/20/22 CNY 30.64
QIDONG STATE-OWNED AS 4.00 03/09/23 CNY 40.17
QIDONG STATE-OWNED AS 4.00 03/09/23 CNY 40.30
QIDONG URBAN CONSTRUC 5.25 08/16/24 CNY 61.80
QIDONG URBAN CONSTRUC 5.25 08/16/24 CNY 62.50
QIHE CITY OPERATION C 5.10 03/07/23 CNY 39.78
QIHE CITY OPERATION C 5.10 03/07/23 CNY 40.01
QINGDAO CHANGYANG INV 3.73 09/12/23 CNY 39.33
QINGDAO CHANGYANG INV 3.73 09/12/23 CNY 39.35
QINGDAO CONSON DEVELO 6.40 12/12/22 CNY 30.51
QINGDAO CONSON DEVELO 6.40 12/12/22 CNY 30.63
QINGDAO JIMO CITY TOU 5.47 11/17/21 CNY 20.01
QINGDAO JIMO CITY TOU 5.47 11/17/21 CNY 21.65
QINGDAO JIMO CITY TOU 5.35 07/10/24 CNY 61.00
QINGDAO JIMO CITY TOU 5.35 07/10/24 CNY 61.41
QINGDAO OCEAN INVESTM 4.36 05/12/23 CNY 40.18
QINGDAO OCEAN INVESTM 4.36 05/12/23 CNY 40.37
QINGDAO SHAOHAI INVES 6.47 10/31/24 CNY 60.23
QINGDAO SHAOHAI INVES 6.47 10/31/24 CNY 61.64
QINGDAO WEST COAST DE 4.26 06/06/23 CNY 40.10
QINGDAO WEST COAST DE 4.26 06/06/23 CNY 40.33
QINGHAI PROVINCIAL IN 7.25 02/22/20 USD 34.62
QINGHAI PROVINCIAL IN 7.88 03/22/21 USD 35.19
QINGHAI PROVINCIAL IN 6.40 07/10/21 USD 35.80
QINGHAI STATE-OWNED A 5.90 12/17/22 CNY 72.00
QINGHAI STATE-OWNED A 5.40 05/21/23 CNY 68.20
QINGHAI STATE-OWNED A 6.38 08/14/28 CNY 70.13
QINGHAI STATE-OWNED A 7.20 11/25/28 CNY 70.13
QINGHAI STATE-OWNED A 6.70 10/10/29 CNY 70.13
QINGZHOU CITY CONSTRU 6.40 07/10/24 CNY 60.00
QINGZHOU CITY CONSTRU 6.40 07/10/24 CNY 61.00
QINGZHOU CITY CONSTRU 6.80 08/25/24 CNY 58.08
QINHUANGDAO CITY DEVE 4.69 04/14/23 CNY 40.09
QINHUANGDAO CITY DEVE 4.69 04/14/23 CNY 40.40
QINHUANGDAO DEVELOPME 4.07 08/26/23 CNY 38.83
QINHUANGDAO DEVELOPME 4.07 08/26/23 CNY 39.53
QIONGLAI CITY CONSTRU 6.98 03/25/22 CNY 20.16
QIONGLAI CITY CONSTRU 6.98 03/25/22 CNY 20.80
QUANJIAO URBAN INFRAS 5.10 05/18/23 CNY 40.03
QUANJIAO URBAN INFRAS 5.10 05/18/23 CNY 40.04
QUJING CITY QILIN DIS 5.37 11/26/22 CNY 39.54
QUJING CITY QILIN DIS 5.37 11/26/22 CNY 41.95
QUJING ECO TECH DEVEL 5.75 06/01/23 CNY 38.46
QUJING ECO TECH DEVEL 5.75 06/01/23 CNY 40.28
RENHUAI CITY DEVELOPM 5.12 04/14/23 CNY 39.01
RENHUAI CITY DEVELOPM 5.12 04/14/23 CNY 39.31
RENQIU CONSTRUCTION I 5.68 11/18/22 CNY 40.38
RENQIU CONSTRUCTION I 5.68 11/18/22 CNY 40.72
RENSHOU DEVELOPMENT O 6.42 12/22/22 CNY 38.00
RENSHOU DEVELOPMENT O 6.42 12/22/22 CNY 40.17
REWARD SCIENCE AND TE 5.53 07/05/21 CNY 29.10
REWARD SCIENCE AND TE 6.40 03/03/22 CNY 70.00
RISESUN REAL ESTATE D 7.22 07/23/23 CNY 27.00
RISESUN REAL ESTATE D 7.18 08/06/23 CNY 30.00
RIZHAO CITY CONSTRUCT 3.98 12/07/22 CNY 40.05
RUCHENG COUNTY URBAN 5.69 02/23/24 CNY 71.75
RUCHENG COUNTY URBAN 5.69 02/23/24 CNY 71.76
RUDONG COUNTY JINXIN 4.57 07/26/23 CNY 39.87
RUDONG COUNTY JINXIN 4.57 07/26/23 CNY 39.97
RUDONG COUNTY JINXIN 3.80 07/26/23 CNY 40.01
RUDONG COUNTY JINXIN 3.80 07/26/23 CNY 40.13
RUDONG COUNTY KAITAI 4.57 01/08/23 CNY 40.27
RUDONG NEW WORLD INVE 4.37 07/18/23 CNY 39.70
RUDONG NEW WORLD INVE 4.37 07/18/23 CNY 39.73
RUGAO ECONOMIC & TRAD 3.95 03/24/23 CNY 40.12
RUGAO ECONOMIC & TRAD 3.95 03/24/23 CNY 40.13
RUGAO TRAFFIC INDUSTR 3.74 03/23/23 CNY 40.02
RUGAO TRAFFIC INDUSTR 3.74 03/23/23 CNY 40.10
RUIAN STATE OWNED ASS 4.56 01/27/23 CNY 39.89
RUIAN STATE OWNED ASS 4.56 01/27/23 CNY 40.43
RUICHANG CITY INVESTM 5.68 03/25/23 CNY 39.88
RUICHANG CITY INVESTM 5.50 06/17/23 CNY 39.93
RUIJIN URBAN DEVELOPM 4.13 09/06/23 CNY 39.37
RUIJIN URBAN DEVELOPM 4.13 09/06/23 CNY 39.61
RUZHOU CITY XINYUAN I 4.43 09/26/23 CNY 35.50
RUZHOU CITY XINYUAN I 4.43 09/26/23 CNY 38.22
SANMEN COUNTY STATE-O 6.80 03/18/22 CNY 20.19
SANMEN COUNTY STATE-O 6.80 03/18/22 CNY 20.20
SANMING STATE-OWNED A 5.10 04/17/24 CNY 61.15
SANMING TRANSPORTATIO 3.68 03/29/23 CNY 39.20
SANMING TRANSPORTATIO 3.68 03/29/23 CNY 40.01
SHAANXI XIXIAN NEW AR 5.10 06/06/23 CNY 39.74
SHAANXI XIXIAN NEW AR 5.10 06/06/23 CNY 39.82
SHAANXI XIXIAN NEW AR 7.10 08/23/24 CNY 61.59
SHAANXI XIXIAN NEW AR 7.10 08/23/24 CNY 62.09
SHAANXI XIXIAN NEW AR 6.89 01/05/22 CNY 19.26
SHAANXI XIXIAN NEW AR 6.89 01/05/22 CNY 20.05
SHAANXI XIXIAN NEW AR 6.67 08/23/24 CNY 60.10
SHAANXI XIXIAN NEW AR 6.67 08/23/24 CNY 60.27
SHAANXI XIXIAN NEW AR 5.15 11/27/22 CNY 40.08
SHAANXI XIXIAN NEW AR 5.15 11/27/22 CNY 41.01
SHANDONG BOXING COUNT 8.00 12/22/21 CNY 20.10
SHANDONG BOXING COUNT 8.00 12/22/21 CNY 20.15
SHANDONG GAOCHUANG CO 6.05 06/18/22 CNY 20.06
SHANDONG GAOCHUANG CO 6.05 06/18/22 CNY 22.45
SHANDONG RUYI TECHNOL 7.90 09/18/23 CNY 52.10
SHANDONG TENGJIAN INV 6.00 06/08/22 CNY 20.00
SHANDONG TENGJIAN INV 6.00 06/08/22 CNY 20.04
SHANDONG WANTONG PETR 7.97 11/29/21 CNY 0.20
SHANGHAI MINHANG URBA 5.63 04/20/22 CNY 20.14
SHANGHAI MINHANG URBA 5.63 04/20/22 CNY 20.48
SHANGHAI MUNICIPAL IN 4.80 11/05/24 CNY 45.79
SHANGHAI MUNICIPAL IN 4.80 11/05/24 CNY 46.01
SHANGHAI SHIMAO CO LT 3.60 03/05/23 CNY 48.00
SHANGHAI SHIMAO JIANS 3.23 03/25/25 CNY 82.00
SHANGHAI URBAN CONSTR 3.50 01/06/23 CNY 40.00
SHANGHAI URBAN CONSTR 3.50 01/06/23 CNY 40.03
SHANGRAO CITY STATE-O 4.65 01/29/23 CNY 39.97
SHANGRAO CITY STATE-O 4.65 01/29/23 CNY 40.42
SHANTOU CITY CONSTRUC 8.57 03/23/22 CNY 15.28
SHANTOU CITY CONSTRUC 8.57 03/23/22 CNY 15.28
SHANTOU INVESTMENT HO 7.99 03/04/24 CNY 44.60
SHANTOU INVESTMENT HO 7.99 03/04/24 CNY 47.57
SHANXI INTERNATIONAL 5.88 05/24/22 CNY 29.40
SHANXI XIANG KUANG GR 8.80 02/11/22 CNY 24.50
SHANXI XIANG KUANG GR 8.80 02/11/22 CNY 40.40
SHAODONG NEW AREA DEV 7.10 04/19/24 CNY 62.69
SHAODONG NEW AREA DEV 7.10 04/19/24 CNY 62.70
SHAOGUAN URBAN INVEST 3.67 10/25/24 CNY 54.87
SHAOGUAN URBAN INVEST 3.67 10/25/24 CNY 54.97
SHAOWU URBAN CONSTRUC 5.88 09/11/22 CNY 20.03
SHAOWU URBAN CONSTRUC 5.88 09/11/22 CNY 23.39
SHAOXING CHENGZHONGCU 6.09 04/27/22 CNY 20.18
SHAOXING CITY INVESTM 5.75 04/17/22 CNY 20.27
SHAOXING CITY INVESTM 5.75 04/17/22 CNY 28.00
SHAOXING JINGHU NEW D 6.13 04/30/22 CNY 20.19
SHAOXING JINGHU NEW D 6.13 04/30/22 CNY 20.20
SHAOXING KEQIAO CITY 3.64 09/19/23 CNY 40.01
SHAOXING KEQIAO CITY 3.64 09/19/23 CNY 40.10
SHAOXING KEQIAO CITY 5.74 08/03/24 CNY 60.00
SHAOXING KEQIAO CITY 5.74 08/03/24 CNY 62.03
SHAOXING KEQIAO ECONO 7.00 12/10/21 CNY 20.00
SHAOXING KEQIAO ECONO 7.00 12/10/21 CNY 20.05
SHAOXING KEYAN CONSTR 6.28 03/24/22 CNY 20.00
SHAOXING KEYAN CONSTR 6.28 03/24/22 CNY 20.21
SHAOXING SHANGYU ECON 4.76 04/11/23 CNY 40.32
SHAOXING SHANGYU ECON 4.76 04/11/23 CNY 40.42
SHAOYANG BAOQING INDU 5.78 07/04/26 CNY 62.45
SHAOYANG CITY CONSTRU 5.98 09/01/24 CNY 60.00
SHAOYANG CITY CONSTRU 5.98 09/01/24 CNY 60.19
SHAOYANG DULIANG INVE 5.50 04/13/23 CNY 38.72
SHAOYANG DULIANG INVE 5.50 04/13/23 CNY 40.15
SHENGZHOU INVESTMENT 5.35 07/20/24 CNY 61.93
SHENGZHOU INVESTMENT 5.35 07/20/24 CNY 62.30
SHENYANG DADONG STATE 6.05 03/20/22 CNY 20.00
SHENYANG DADONG STATE 6.05 03/20/22 CNY 20.09
SHENYANG ECONOMIC AFF 7.17 04/29/22 CNY 20.27
SHENYANG ECONOMIC AFF 7.17 04/29/22 CNY 20.30
SHENYANG TIEXI STATE- 6.00 01/14/22 CNY 20.05
SHENYANG TIEXI STATE- 6.00 01/14/22 CNY 27.50
SHENZHEN METRO GROUP 5.40 03/25/23 CNY 30.53
SHENZHEN METRO GROUP 5.40 03/25/23 CNY 30.63
SHENZHEN METRO GROUP 6.75 01/24/24 CNY 46.80
SHIJIAZHUANG HUTUO NE 5.28 12/24/25 CNY 55.00
SHIJIAZHUANG HUTUO NE 5.28 12/24/25 CNY 56.20
SHIJIAZHUANG STATE-OW 5.75 04/09/22 CNY 20.15
SHIJIAZHUANG STATE-OW 5.75 04/09/22 CNY 27.20
SHISHI CITY CONSTRUCT 6.10 05/04/22 CNY 20.16
SHISHI CITY CONSTRUCT 6.10 05/04/22 CNY 20.20
SHISHOU BOYA CITY CON 6.98 06/15/24 CNY 61.82
SHIYAN ECO DEVELOPMEN 3.98 08/05/23 CNY 39.50
SHIYAN ECO DEVELOPMEN 3.98 08/05/23 CNY 39.66
SHIYAN STATE-OWNED CA 4.88 01/11/26 CNY 70.98
SHIYAN STATE-OWNED CA 4.88 01/11/26 CNY 71.00
SHIYAN YUNYANG INVEST 6.40 07/10/24 CNY 61.37
SHIZHU TUJIA HONGSHEN 7.00 11/13/24 CNY 64.00
SHOU COUNTY STATE-OWN 6.20 10/13/24 CNY 60.00
SHOU COUNTY STATE-OWN 6.20 10/13/24 CNY 60.87
SHUCHENG COUNTY URBAN 5.50 04/29/23 CNY 40.66
SHUCHENG COUNTY URBAN 5.50 04/29/23 CNY 40.66
SHUYANG JINGYUAN ASSE 5.49 09/11/22 CNY 20.18
SHUYANG JINGYUAN ASSE 5.49 09/11/22 CNY 20.20
SICHUAN CHENG'A DEVEL 7.50 11/06/24 CNY 63.55
SICHUAN COAL GASIFICA 7.00 04/18/23 CNY 40.65
SICHUAN COAL INDUSTRY 7.70 01/09/18 CNY 45.00
SICHUAN JINCAI JINXIN 7.08 07/31/24 CNY 59.68
SICHUAN JINCAI JINXIN 7.08 07/31/24 CNY 62.00
SICHUAN LANGUANG DEVE 7.50 07/11/21 CNY 12.63
SICHUAN LANGUANG DEVE 6.50 07/29/21 CNY 12.63
SICHUAN LANGUANG DEVE 7.50 08/12/21 CNY 12.63
SICHUAN LANGUANG DEVE 7.40 09/14/21 CNY 30.45
SICHUAN LANGUANG DEVE 7.50 07/23/22 CNY 42.00
SICHUAN LANGUANG DEVE 7.00 09/29/22 CNY 12.63
SICHUAN LANGUANG DEVE 7.00 10/26/22 CNY 12.63
SICHUAN LANGUANG DEVE 7.50 11/22/22 CNY 12.63
SICHUAN LANGUANG DEVE 7.20 03/11/23 CNY 12.63
SICHUAN LANGUANG DEVE 7.15 03/16/23 CNY 24.00
SICHUAN LANGUANG DEVE 7.20 05/11/23 CNY 12.63
SICHUAN LANGZHONG FAM 5.60 04/19/23 CNY 39.87
SICHUAN LANGZHONG FAM 5.60 04/19/23 CNY 40.20
SICHUAN LONGYANG TIAN 5.45 05/27/23 CNY 39.92
SICHUAN LONGYANG TIAN 5.45 05/27/23 CNY 40.17
SICHUAN NAXING INDUST 6.80 08/18/22 CNY 25.09
SICHUAN NAXING INDUST 4.68 03/31/23 CNY 38.76
SICHUAN NAXING INDUST 4.68 03/31/23 CNY 39.25
SICHUAN QINBA NEWCITY 6.68 07/07/24 CNY 58.74
SICHUAN QINBA NEWCITY 6.68 07/07/24 CNY 60.00
SICHUAN QINBA NEWCITY 6.91 07/25/24 CNY 59.16
SICHUAN QINBA NEWCITY 6.91 07/25/24 CNY 60.00
SICHUAN RENSHOU XINLO 7.00 06/27/24 CNY 61.90
SICHUAN TIANYIN INDUS 6.79 03/25/22 CNY 20.07
SICHUAN TIANYIN INDUS 6.79 03/25/22 CNY 28.00
SIHONG COUNTY HONG YU 6.15 03/16/22 CNY 20.06
SIHONG COUNTY HONG YU 6.15 03/16/22 CNY 20.35
SIHUI STATE OWNED ASS 4.59 01/14/23 CNY 39.66
SIHUI STATE OWNED ASS 4.59 01/14/23 CNY 40.29
SIYANG COUNTY MINKANG 4.94 01/21/23 CNY 40.35
SIYANG COUNTY MINKANG 4.94 01/21/23 CNY 40.56
SIYANG COUNTY MINKANG 7.40 07/31/24 CNY 61.38
SIYANG COUNTY MINKANG 7.40 07/31/24 CNY 62.33
SONGYUAN URBAN DEVELO 5.79 12/04/21 CNY 19.97
SONGYUAN URBAN DEVELO 5.79 12/04/21 CNY 20.78
SUINING COUNTY RUNQI 5.42 11/20/22 CNY 40.00
SUINING COUNTY RUNQI 5.42 11/20/22 CNY 40.01
SUINING COUNTY RUNQI 6.78 11/02/24 CNY 59.70
SUINING COUNTY RUNQI 6.78 11/02/24 CNY 80.63
SUINING FUYUAN INDUST 6.39 03/17/22 CNY 19.99
SUINING FUYUAN INDUST 6.39 03/17/22 CNY 24.18
SUINING FUYUAN INDUST 5.34 12/02/23 CNY 57.88
SUINING FUYUAN INDUST 5.34 12/02/23 CNY 60.18
SUINING KAIDA INVESTM 4.89 04/08/23 CNY 38.78
SUINING KAIDA INVESTM 4.89 04/08/23 CNY 39.01
SUINING ROUGANG INVES 5.65 01/24/24 CNY 60.32
SUINING ROUGANG INVES 6.80 08/02/24 CNY 61.74
SUINING ROUGANG INVES 6.80 08/02/24 CNY 61.75
SUINING TIANTAI INDUS 5.98 03/28/24 CNY 59.10
SUINING TIANTAI INDUS 5.98 03/28/24 CNY 60.84
SUINING TIANTAI INDUS 6.80 11/01/24 CNY 75.00
SUIZHOU DEVELOPMENT I 5.70 04/07/24 CNY 60.54
SUIZHOU DEVELOPMENT I 5.70 04/07/24 CNY 60.91
SUIZHOU DEVELOPMENT I 5.97 09/15/24 CNY 60.00
SUIZHOU DEVELOPMENT I 5.97 09/15/24 CNY 61.43
SUIZHOU HIGH-TECH IND 4.47 03/25/23 CNY 39.70
SUIZHOU HIGH-TECH IND 4.47 03/25/23 CNY 39.81
SUIZHOU YULONG WATER 6.10 03/28/23 CNY 42.51
SUNAC REAL ESTATE GRO 5.60 05/27/25 CNY 67.00
SUNING APPLIANCE GROU 7.30 02/02/23 CNY 27.11
SUQIAN CITY CONSTRUCT 5.30 07/11/24 CNY 61.80
SUQIAN CITY CONSTRUCT 5.30 07/11/24 CNY 61.87
SUQIAN ECONOMIC DEVEL 5.40 04/20/24 CNY 61.39
SUQIAN ECONOMIC DEVEL 5.40 04/20/24 CNY 61.88
SUQIAN HUBIN XINCHENG 6.85 08/02/24 CNY 57.54
SUQIAN HUBIN XINCHENG 6.85 08/02/24 CNY 60.00
SUQIAN HUBIN XINCHENG 6.93 08/25/24 CNY 56.91
SUQIAN HUBIN XINCHENG 6.93 08/25/24 CNY 60.00
SUQIAN YUFENG ASSET M 5.50 04/21/24 CNY 60.43
SUQIAN YUFENG ASSET M 5.50 04/21/24 CNY 64.26
SUZHOU CITY CONSTRUCT 3.89 03/24/23 CNY 40.14
SUZHOU CITY CONSTRUCT 3.89 03/24/23 CNY 40.17
SUZHOU CITY HENGCHENG 4.40 03/01/23 CNY 39.60
SUZHOU CITY HENGCHENG 4.40 03/01/23 CNY 39.99
SUZHOU MAANSHAN INVES 6.10 08/03/24 CNY 62.29
SUZHOU MAANSHAN INVES 6.10 08/03/24 CNY 62.30
SUZHOU NEW & HIGH-TEC 4.18 03/23/23 CNY 39.96
SUZHOU NEW & HIGH-TEC 4.18 03/23/23 CNY 40.27
SUZHOU NEW AREA CONST 5.98 08/04/24 CNY 60.00
SUZHOU NEW AREA CONST 5.98 08/04/24 CNY 60.96
SUZHOU WUJIANG DISTRI 5.25 07/08/22 CNY 20.31
SUZHOU WUZHONG CITY C 5.90 11/06/24 CNY 61.05
TAIAN TAISHAN HOLDING 5.50 04/26/23 CNY 40.16
TAIAN TAISHAN HOLDING 5.50 04/26/23 CNY 40.24
TAICANG SCIENCE EDUCA 5.54 08/28/22 CNY 20.29
TAICANG SCIENCE EDUCA 5.54 08/28/22 CNY 24.60
TAIHE STATE OWN ASSET 5.87 08/07/24 CNY 60.86
TAIHE STATE OWN ASSET 5.87 08/07/24 CNY 63.35
TAIXING HONGQIAO PARK 5.03 10/29/22 CNY 19.60
TAIXING HONGQIAO PARK 5.03 10/29/22 CNY 19.64
TAIZHOU CITY CONSTRUC 6.92 10/16/23 CNY 31.41
TAIZHOU CITY HUANGYAN 6.10 08/01/24 CNY 62.37
TAIZHOU CITY HUANGYAN 6.10 08/01/24 CNY 63.60
TAIZHOU CITY HUANGYAN 6.22 09/14/24 CNY 59.38
TAIZHOU CITY HUANGYAN 6.22 09/14/24 CNY 62.65
TAIZHOU GAOGANG HI-TE 5.54 06/22/24 CNY 61.66
TAIZHOU GAOGANG HI-TE 5.54 06/22/24 CNY 63.70
TAIZHOU HAILING CITY 4.60 12/14/22 CNY 40.00
TAIZHOU HAILING CITY 4.60 12/14/22 CNY 40.28
TAIZHOU JIAOJIANG STA 6.18 07/06/22 CNY 20.39
TAIZHOU JIAOJIANG STA 6.18 07/06/22 CNY 24.00
TAIZHOU JINDONG URBAN 5.10 06/02/23 CNY 40.03
TAIZHOU JINDONG URBAN 5.10 06/02/23 CNY 40.05
TAIZHOU XINTAI GROUP 4.07 03/23/23 CNY 39.99
TAIZHOU XINTAI GROUP 4.07 03/23/23 CNY 40.15
TIANCHANG CITY CONSTR 4.99 12/05/23 CNY 57.23
TIANCHANG CITY CONSTR 4.99 12/05/23 CNY 59.97
TIANJIN BINHAI NEW AR 6.10 11/23/21 CNY 24.12
TIANJIN BOHAI STATE-O 3.82 04/18/23 CNY 38.10
TIANJIN BOHAI STATE-O 3.82 04/18/23 CNY 38.39
TIANJIN BOHAI STATE-O 4.10 04/18/26 CNY 63.33
TIANJIN BOHAI STATE-O 4.10 04/18/26 CNY 70.00
TIANJIN DONGFANG CAIX 5.19 01/29/22 CNY 19.86
TIANJIN DONGFANG CAIX 7.99 08/01/24 CNY 66.58
TIANJIN DONGLI CITY I 4.28 12/02/22 CNY 40.20
TIANJIN ECONOMIC TECH 6.50 12/03/22 CNY 29.63
TIANJIN ECONOMIC TECH 6.50 12/03/22 CNY 30.15
TIANJIN GUANGCHENG IN 6.97 02/22/23 CNY 30.48
TIANJIN HUANCHENG URB 5.75 04/27/22 CNY 20.12
TIANJIN HUANCHENG URB 5.75 04/27/22 CNY 20.50
TIANJIN INFRASTRUCTUR 5.70 02/26/23 CNY 24.22
TIANJIN INFRASTRUCTUR 5.70 02/26/23 CNY 30.44
TIANJIN INFRASTRUCTUR 4.64 05/21/29 CNY 71.20
TIANJIN METRO GROUP C 4.27 10/16/25 CNY 60.15
TIANJIN METRO GROUP C 4.27 10/16/25 CNY 64.00
TIANJIN NINGHE INVEST 5.50 04/22/23 CNY 38.89
TIANJIN NINGHE INVEST 5.50 04/22/23 CNY 40.21
TIANJIN RAILWAY CONST 5.58 04/13/25 CNY 59.95
TIANJIN REAL ESTATE G 4.50 09/29/20 USD 73.75
TIANJIN WUQING STATE- 4.15 11/17/22 CNY 40.11
TIANJIN WUQING STATE- 4.15 11/17/22 CNY 40.25
TIANMEN CITY CONSTRUC 3.98 11/15/23 CNY 59.86
TIANMEN CITY CONSTRUC 3.98 11/15/23 CNY 60.07
TONGLING CONSTRUCTION 4.12 03/14/23 CNY 40.00
TONGLING CONSTRUCTION 4.12 03/14/23 CNY 40.17
TONGLING CONSTRUCTION 5.77 07/31/24 CNY 60.00
TONGLING CONSTRUCTION 5.77 07/31/24 CNY 61.94
TONGLING CONSTRUCTION 5.80 08/16/24 CNY 61.03
TONGLING CONSTRUCTION 5.80 08/16/24 CNY 62.07
TSINGHUA HOLDINGS COR 4.95 08/08/22 CNY 36.40
TSINGHUA UNIGROUP CO 5.60 11/15/20 CNY 25.50
TSINGHUA UNIGROUP CO 6.20 03/16/21 CNY 25.50
TSINGHUA UNIGROUP CO 6.15 12/26/21 CNY 25.50
TSINGHUA UNIGROUP CO 4.94 03/25/22 CNY 16.55
TSINGHUA UNIGROUP CO 5.85 03/27/22 CNY 16.88
TSINGHUA UNIGROUP CO 6.00 08/14/22 CNY 25.50
TSINGHUA UNIGROUP CO 5.20 12/10/23 CNY 11.65
TSINGHUA UNIGROUP CO 5.11 01/25/24 CNY 13.00
TULUFAN DISTRICT STAT 6.20 03/19/22 CNY 20.10
TULUFAN DISTRICT STAT 6.20 03/19/22 CNY 20.19
TUNGHSU GROUP CO LTD 6.55 03/13/22 CNY 45.00
ULANQAB CITY INVESTME 8.39 04/25/22 CNY 25.29
URUMQI ECO&TECH DEVEL 6.40 04/13/22 CNY 20.00
URUMQI ECO&TECH DEVEL 6.40 04/13/22 CNY 20.16
WANGCHENG ECONOMIC DE 6.57 01/22/22 CNY 20.15
WANGCHENG ECONOMIC DE 6.57 01/22/22 CNY 28.81
WANGCHENG ECONOMIC DE 3.75 07/13/23 CNY 40.30
WANGCHENG ECONOMIC DE 3.75 07/13/23 CNY 40.32
WEICHI HOLDING GROUP 6.18 07/24/24 CNY 60.00
WEICHI HOLDING GROUP 6.18 07/24/24 CNY 61.10
WEIFANG GONGXIN STATE 5.00 07/13/26 CNY 69.77
WEIFANG GONGXIN STATE 5.00 07/13/26 CNY 69.94
WEIHAI CENTRAL CITY S 6.05 11/02/24 CNY 60.00
WEIHAI CENTRAL CITY S 6.05 11/02/24 CNY 61.13
WEIHAI CITY SHUANGDAO 5.32 04/28/24 CNY 60.30
WEIHAI CITY SHUANGDAO 5.32 04/28/24 CNY 61.02
WEIHAI ECONOMIC TECHN 5.80 08/23/24 CNY 60.00
WEIHAI ECONOMIC TECHN 5.80 08/23/24 CNY 60.86
WEIHAI LANCHUANG CONS 4.80 12/17/22 CNY 39.25
WEIHAI LANCHUANG CONS 4.80 12/17/22 CNY 39.39
WEIHAI URBAN CONSTRUC 3.33 03/02/23 CNY 38.40
WEIHAI URBAN CONSTRUC 3.33 03/02/23 CNY 40.21
WEIHAI WENDENG DISTRI 3.64 10/26/23 CNY 39.10
WEIHAI WENDENG DISTRI 3.64 10/26/23 CNY 39.30
WEIHAI WENDENG URBAN 4.80 05/26/23 CNY 39.19
WEIHAI WENDENG URBAN 4.80 05/26/23 CNY 39.89
WEINAN CITY INVESTMEN 6.09 03/11/22 CNY 20.00
WEINAN CITY INVESTMEN 6.09 03/11/22 CNY 20.09
WENDENG GOLDEN BEACH 3.97 03/21/23 CNY 39.49
WENDENG GOLDEN BEACH 3.97 03/21/23 CNY 39.68
WENS FOODSTUFFS GROUP 3.26 10/29/30 USD 72.42
WENSHAN URBAN CONSTRU 4.50 09/13/23 CNY 37.12
WENSHAN URBAN CONSTRU 4.50 09/13/23 CNY 39.74
WENZHOU CITY CONSTRUC 4.05 01/25/23 CNY 40.22
WENZHOU CITY CONSTRUC 4.05 01/25/23 CNY 40.25
WENZHOU CITY CONSTRUC 5.00 04/26/23 CNY 40.58
WENZHOU CITY CONSTRUC 5.00 04/26/23 CNY 40.73
WENZHOU GANGCHENG DEV 5.19 03/29/23 CNY 40.35
WENZHOU GANGCHENG DEV 5.19 03/29/23 CNY 40.38
WENZHOU HIGH-TECH IND 5.90 09/18/24 CNY 56.50
WENZHOU HIGH-TECH IND 5.90 09/18/24 CNY 61.95
WENZHOU MINKE INDUSTR 6.44 07/18/24 CNY 60.00
WENZHOU MINKE INDUSTR 6.44 07/18/24 CNY 60.76
WENZHOU OUHAI NEW CIT 3.98 10/26/23 CNY 39.42
WENZHOU OUHAI NEW CIT 3.98 10/26/23 CNY 40.33
WINTIME ENERGY CO LTD 7.00 07/05/18 CNY 43.63
WINTIME ENERGY CO LTD 7.30 08/06/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 08/25/18 CNY 43.63
WINTIME ENERGY CO LTD 6.78 10/23/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 12/15/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 03/19/19 CNY 43.63
WINTIME ENERGY CO LTD 7.00 04/26/19 CNY 43.63
WINTIME ENERGY CO LTD 7.70 11/15/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 11/16/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 12/06/20 CNY 43.63
WINTIME ENERGY CO LTD 7.90 12/22/20 CNY 43.63
WINTIME ENERGY CO LTD 7.90 03/29/21 CNY 43.63
WINTIME ENERGY CO LTD 7.50 04/04/21 CNY 43.63
WINTIME ENERGY CO LTD 4.75 07/07/22 CNY 43.63
WUHAN CITY HUANPI DIS 5.48 04/19/24 CNY 61.37
WUHAN GUOYU LOGISTICS 7.00 08/06/16 CNY 1.00
WUHAN HONGSHAN CITY C 5.68 08/10/24 CNY 60.67
WUHAN HONGSHAN CITY C 5.68 08/10/24 CNY 61.95
WUHAN HONGSHAN CITY C 5.68 10/12/24 CNY 60.65
WUHAN HONGSHAN CITY C 5.68 10/12/24 CNY 61.70
WUHAN JIANGXIA URBAN 4.80 06/03/23 CNY 40.31
WUHAN JIANGXIA URBAN 4.80 06/03/23 CNY 40.31
WUHAN METRO GROUP CO 5.25 04/14/22 CNY 20.13
WUHAN METRO GROUP CO 5.25 04/14/22 CNY 20.37
WUHAN QIAOKOU STATE O 3.48 08/29/23 CNY 38.93
WUHAN QIAOKOU STATE O 3.48 08/29/23 CNY 39.88
WUHAN URBAN CONSTRUCT 4.99 06/15/24 CNY 75.00
WUHU COMMUNICATIONS I 4.50 04/28/23 CNY 40.20
WUHU COMMUNICATIONS I 4.50 04/28/23 CNY 40.54
WUHU COMMUNICATIONS I 3.58 09/23/23 CNY 39.32
WUHU COMMUNICATIONS I 3.58 09/23/23 CNY 40.13
WUHU COUNTY CONSTRUCT 6.60 12/08/21 CNY 20.05
WUHU COUNTY CONSTRUCT 6.60 12/08/21 CNY 20.05
WUHU JINGHU CONSTRUCT 4.37 07/20/23 CNY 40.13
WUHU JINGHU CONSTRUCT 4.37 07/20/23 CNY 40.24
WUHU JIUJIANG CONSTRU 3.96 03/21/23 CNY 40.09
WUHU XINMA INVESTMENT 4.87 11/04/22 CNY 20.21
WUSHENG CITY INVESTME 7.05 11/03/24 CNY 58.50
WUSHENG CITY INVESTME 7.05 11/03/24 CNY 59.52
WUXI EAST SCIENCE & T 5.73 09/14/24 CNY 60.00
WUXI EAST SCIENCE & T 5.73 09/14/24 CNY 62.24
WUXI FOOD SCIENCE PAR 5.70 09/28/24 CNY 62.00
WUXI FOOD SCIENCE PAR 5.70 09/28/24 CNY 62.07
WUXI HUIKAI ECONOMIC 4.16 04/08/23 CNY 39.83
WUXI HUIKAI ECONOMIC 4.16 04/08/23 CNY 40.32
WUXI TAIHU NEW CITY D 4.49 05/03/23 CNY 40.30
WUXI TAIHU NEW CITY D 4.49 05/03/23 CNY 40.30
WUXI TAIHU NEW CITY D 3.47 08/29/23 CNY 39.50
WUXI TAIHU NEW CITY D 3.47 08/29/23 CNY 39.89
WUXI XIDONG NEW TOWN 3.92 11/09/23 CNY 40.25
WUXI XIDONG NEW TOWN 3.92 11/09/23 CNY 60.22
WUYANG CONSTRUCTION G 7.80 09/11/20 CNY 32.48
XIAMEN YUZHOU GRAND F 7.50 04/03/24 CNY 37.99
XIAN FENGDONG DEVELOP 4.67 01/08/23 CNY 39.90
XIAN FENGDONG DEVELOP 4.67 01/08/23 CNY 39.93
XI'AN PIONEERING PARK 6.20 05/02/24 CNY 60.28
XI'AN PIONEERING PARK 6.20 05/02/24 CNY 61.78
XIANGSHUI GUANJIANG H 4.98 12/24/22 CNY 38.00
XIANGSHUI GUANJIANG H 4.98 12/24/22 CNY 39.19
XIANGTAN CITY INFRAST 3.95 08/04/23 CNY 36.72
XIANGTAN CITY INFRAST 3.95 08/04/23 CNY 37.55
XIANGTAN CITY INFRAST 3.60 08/04/23 CNY 38.82
XIANGTAN JIUHUA ECONO 6.59 01/21/22 CNY 19.84
XIANGTAN JIUHUA ECONO 5.00 07/25/26 CNY 57.40
XIANGTAN JIUHUA ECONO 5.00 07/25/26 CNY 69.05
XIANGTAN WANLOU XINCH 6.90 01/14/22 CNY 19.80
XIANGTAN WANLOU XINCH 6.90 01/14/22 CNY 20.00
XIANGXIANG CITY DONGS 6.20 08/03/24 CNY 60.38
XIANGXIANG CITY DONGS 6.20 08/03/24 CNY 61.21
XIANGXIANG ECONOMIC D 5.28 09/09/23 CNY 37.44
XIANGXIANG ECONOMIC D 5.28 09/09/23 CNY 38.28
XIANGXIANG URBAN CONS 5.84 05/18/23 CNY 39.94
XIANGXIANG URBAN CONS 5.84 05/18/23 CNY 40.07
XIANGXIANG URBAN CONS 7.50 10/27/24 CNY 60.00
XIANGXIANG URBAN CONS 7.50 10/27/24 CNY 62.91
XIANGYANG CITY XIANGZ 5.18 04/28/23 CNY 40.10
XIANGYANG CITY XIANGZ 5.18 04/28/23 CNY 40.39
XIANGYANG HIGH TECH S 6.25 06/12/24 CNY 62.22
XIANGYANG HIGH TECH S 6.25 06/12/24 CNY 62.26
XIANGYANG STATE-OWNED 4.62 01/25/23 CNY 39.85
XIANGYANG STATE-OWNED 4.62 01/25/23 CNY 39.85
XIANGYANG STATE-OWNED 6.10 07/19/24 CNY 60.00
XIANGYANG STATE-OWNED 6.10 07/19/24 CNY 60.50
XIANNING HIGH-TECH IN 6.29 02/10/22 CNY 20.10
XIANNING HIGH-TECH IN 6.29 02/10/22 CNY 20.56
XIANNING HIGH-TECH IN 6.60 06/01/27 CNY 71.40
XIANNING HIGH-TECH IN 6.60 06/01/27 CNY 72.61
XIANTAO CITY CONSTRUC 4.59 04/18/23 CNY 40.29
XIANTAO CITY CONSTRUC 4.59 04/18/23 CNY 40.30
XIAOCHANG SHUNHE DEVE 4.15 10/17/23 CNY 39.20
XIAOXIAN COUNTY DEVEL 4.85 06/22/23 CNY 39.98
XIAOXIAN COUNTY DEVEL 4.85 06/22/23 CNY 40.48
XINDONGGANG HOLDING G 5.53 04/27/23 CNY 39.65
XINDONGGANG HOLDING G 5.53 04/27/23 CNY 39.80
XINGAN COUNTY URBAN C 5.48 08/03/23 CNY 38.98
XINGAN COUNTY URBAN C 5.48 08/03/23 CNY 40.16
XINGAN LEAGUE URBAN D 6.18 12/21/22 CNY 26.94
XINGAN LEAGUE URBAN D 6.18 12/21/22 CNY 28.37
XINGHUA CITY ECONOMIC 5.28 06/13/22 CNY 25.02
XINGNING YONGYE INFRA 5.99 07/24/24 CNY 60.00
XINGNING YONGYE INFRA 5.99 07/24/24 CNY 61.73
XINGYI XINHENG URBAN 5.40 12/16/22 CNY 18.40
XINGYI XINHENG URBAN 5.40 12/16/22 CNY 40.03
XINJIANG UYGUR AR HAM 6.55 10/27/24 CNY 60.00
XINJIANG UYGUR AR HAM 6.55 10/27/24 CNY 82.17
XINJIN NEW CITY DEVEL 7.30 10/23/24 CNY 60.00
XINJIN NEW CITY DEVEL 7.30 10/23/24 CNY 61.16
XINMI CAIYUAN CITY CO 4.35 02/28/23 CNY 39.98
XINMI CAIYUAN CITY CO 4.35 02/28/23 CNY 40.00
XINTAI CITY COORDINAT 6.35 03/23/22 CNY 20.05
XINTAI CITY COORDINAT 6.35 03/23/22 CNY 20.75
XINYI CITY INVESTMENT 4.30 01/19/23 CNY 39.47
XINYI CITY INVESTMENT 4.30 01/19/23 CNY 40.00
XINYI ECONOMIC DEVELO 6.66 09/27/24 CNY 54.50
XINYI ECONOMIC DEVELO 6.66 09/27/24 CNY 59.20
XINYI URBAN TRANSPORT 6.14 02/06/22 CNY 20.16
XINYI URBAN TRANSPORT 6.14 02/06/22 CNY 20.34
XINYI URBAN TRANSPORT 5.35 04/24/24 CNY 61.04
XINYI URBAN TRANSPORT 5.35 04/24/24 CNY 62.57
XINYU CITY SHANTYTOWN 6.50 11/13/22 CNY 70.32
XINYU CITY YUSHUI DIS 7.70 06/24/22 CNY 20.35
XINYU CITY YUSHUI DIS 7.70 06/24/22 CNY 20.44
XISHUI COUNTY FENGZHU 6.52 07/28/24 CNY 61.53
XISHUI COUNTY FENGZHU 6.52 07/28/24 CNY 62.50
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XUANCHENG STATE-OWNED 4.12 04/07/23 CNY 40.29
XUANCHENG STATE-OWNED 4.12 04/07/23 CNY 40.36
XUCHANG GENERAL INVES 5.74 08/17/24 CNY 60.16
XUZHOU CITY JIAWANG C 4.00 03/23/23 CNY 40.07
XUZHOU CITY TONGSHAN 5.23 09/18/22 CNY 20.00
XUZHOU CITY TONGSHAN 5.23 09/18/22 CNY 20.34
XUZHOU HI-TECH INDUST 3.78 11/11/23 CNY 59.89
XUZHOU HI-TECH INDUST 3.78 11/11/23 CNY 60.10
XUZHOU XINSHENG INVES 5.13 08/12/22 CNY 20.34
XUZHOU XINSHENG INVES 5.13 08/12/22 CNY 24.46
YAN'AN NEW CITY CONST 5.60 04/21/24 CNY 60.62
YANCHENG GUANDONG ECO 6.42 05/16/24 CNY 60.29
YANCHENG GUANDONG ECO 6.42 05/16/24 CNY 60.80
YANCHENG HIGH-TECH ZO 3.90 12/14/22 CNY 40.00
YANCHENG HIGH-TECH ZO 3.90 12/14/22 CNY 40.04
YANCHENG YANDU DISTRI 3.67 03/17/23 CNY 39.18
YANCHENG YANDU DISTRI 3.67 03/17/23 CNY 39.76
YANGJIANG HENGCAI CIT 6.24 04/14/22 CNY 20.24
YANGJIANG HENGCAI CIT 6.24 04/14/22 CNY 21.20
YANGO GROUP CO LTD 7.50 03/22/22 CNY 19.45
YANGO GROUP CO LTD 7.40 03/24/22 CNY 17.86
YANGO GROUP CO LTD 6.90 10/31/22 CNY 20.15
YANGO GROUP CO LTD 6.95 04/24/24 CNY 25.30
YANGO GROUP CO LTD 7.00 08/24/24 CNY 23.50
YANGO GROUP CO LTD 6.80 10/28/24 CNY 20.35
YANGO GROUP CO LTD 6.67 10/14/25 CNY 22.00
YANGO JUSTICE INTERNA 5.30 01/11/22 USD 24.86
YANGO JUSTICE INTERNA 10.25 03/18/22 USD 23.11
YANGO JUSTICE INTERNA 10.00 02/12/23 USD 90.00
YANGO JUSTICE INTERNA 9.25 04/15/23 USD 22.39
YANGO JUSTICE INTERNA 8.25 11/25/23 USD 22.62
YANGO JUSTICE INTERNA 7.50 04/15/24 USD 22.38
YANGO JUSTICE INTERNA 7.88 09/04/24 USD 22.68
YANGO JUSTICE INTERNA 7.50 02/17/25 USD 22.58
YANGXIN TOWN CONSTRUC 6.50 04/26/24 CNY 62.24
YANGXIN TOWN CONSTRUC 6.50 04/26/24 CNY 62.24
YANGZHONG TRANSPORTAT 4.95 04/07/23 CNY 39.79
YANGZHONG TRANSPORTAT 4.95 04/07/23 CNY 39.97
YANGZHONG TRANSPORTAT 4.98 04/07/23 CNY 40.43
YANGZHONG TRANSPORTAT 4.98 04/07/23 CNY 40.68
YANGZHOU ECONOMIC & T 5.28 07/06/24 CNY 61.11
YANGZHOU ECONOMIC & T 5.28 07/06/24 CNY 62.40
YANGZHOU GUANGLING NE 3.62 09/07/23 CNY 38.63
YANGZHOU GUANGLING NE 3.62 09/07/23 CNY 39.02
YANGZHOU HANJIANG CON 5.88 06/15/22 CNY 20.25
YANGZHOU HANJIANG CON 5.88 06/15/22 CNY 26.63
YANGZHOU NEW MATERIAL 6.80 10/09/24 CNY 60.00
YANGZHOU NEW MATERIAL 6.80 10/09/24 CNY 61.96
YI CHENG CONSTRUCTION 5.44 04/27/23 CNY 39.78
YI ZHENG CITY DEVELOP 4.63 01/08/23 CNY 40.00
YI ZHENG CITY DEVELOP 4.63 01/08/23 CNY 40.25
YICHANG HIGH-TECH INV 4.80 12/15/22 CNY 40.00
YICHANG HIGH-TECH INV 4.80 12/15/22 CNY 40.34
YICHANG HIGH-TECH INV 3.74 07/21/23 CNY 39.44
YICHANG HIGH-TECH INV 3.74 07/21/23 CNY 40.13
YICHANG HIGH-TECH INV 6.10 05/18/24 CNY 61.03
YICHANG HIGH-TECH INV 6.10 05/18/24 CNY 61.80
YICHANG WUJIA NEW CIT 6.50 04/20/24 CNY 61.24
YICHANG WUJIA NEW CIT 6.50 04/20/24 CNY 61.28
YICHUN VENTURE CAPITA 6.70 03/23/22 CNY 20.00
YICHUN VENTURE CAPITA 6.70 03/23/22 CNY 20.18
YIHUA ENTERPRISE GROU 7.00 04/29/22 CNY 54.00
YIHUA LIFESTYLE TECHN 6.88 07/16/20 CNY 35.90
YIHUA LIFESTYLE TECHN 6.88 07/23/20 CNY 35.00
YINGCHENG CITY PUYANG 6.50 04/14/24 CNY 60.32
YINGCHENG CITY PUYANG 6.50 04/14/24 CNY 61.24
YINGKOU BEIHAI NEW CI 7.19 07/12/24 CNY 59.83
YINGKOU BEIHAI NEW CI 7.19 07/12/24 CNY 61.47
YINGKOU COASTAL DEVEL 6.45 01/26/22 CNY 20.06
YINGKOU ECO & TECH DE 5.20 08/05/23 CNY 39.76
YINGKOU ECO & TECH DE 5.20 08/05/23 CNY 39.78
YINGKOU ECO & TECH DE 6.98 04/19/24 CNY 59.84
YINGKOU ECO & TECH DE 6.98 04/19/24 CNY 61.08
YINGKOU LAOBIAN CITY 5.63 12/16/22 CNY 40.20
YINGKOU LAOBIAN CITY 4.98 03/11/23 CNY 37.79
YINGKOU LAOBIAN CITY 4.98 03/11/23 CNY 40.00
YINGTAN JUNENG INVEST 6.75 07/31/22 CNY 20.39
YINGTAN JUNENG INVEST 6.75 07/31/22 CNY 21.18
YINGTAN STATE-OWNED A 7.50 12/12/22 CNY 30.62
YINGTAN STATE-OWNED A 7.50 12/12/22 CNY 30.63
YINING CITY STATE OWN 5.37 09/24/22 CNY 19.40
YINING CITY STATE OWN 5.37 09/24/22 CNY 19.85
YIWU CITY CONSTRUCTIO 4.31 12/07/22 CNY 40.26
YIWU CITY CONSTRUCTIO 4.31 12/07/22 CNY 40.40
YIWU CITY CONSTRUCTIO 5.48 08/18/24 CNY 60.00
YIWU CITY CONSTRUCTIO 5.48 08/18/24 CNY 62.04
YIWU URBAN & RURAL NE 4.25 11/24/21 CNY 25.00
YIXING CITY CONSTRUCT 6.16 03/30/22 CNY 20.00
YIXING CITY CONSTRUCT 6.16 03/30/22 CNY 20.18
YIYANG ADVANCED INDUS 7.00 03/30/22 CNY 20.19
YIYANG ADVANCED INDUS 7.00 03/30/22 CNY 28.00
YIYANG PROVINCE AREA 4.95 10/13/23 CNY 37.66
YIYANG PROVINCE AREA 4.95 10/13/23 CNY 37.80
YIYANG PROVINCE AREA 5.16 11/23/23 CNY 57.54
YIYANG PROVINCE AREA 5.16 11/23/23 CNY 57.58
YIZHANG XINGYI CONSTR 5.49 09/02/24 CNY 52.76
YIZHANG XINGYI CONSTR 5.49 09/02/24 CNY 52.79
YIZHENG SHI'ERWEI NEW 6.77 08/22/24 CNY 60.51
YONG ZHOU CITY DEVELO 5.30 07/13/24 CNY 61.15
YONGCHENG COAL & ELEC 7.50 02/02/21 CNY 39.88
YONGJIA INVESTMENT GR 6.50 11/12/21 CNY 20.00
YONGJIA INVESTMENT GR 6.50 11/12/21 CNY 20.00
YONGXING YINDU INVEST 5.60 03/24/23 CNY 39.52
YONGXING YINDU INVEST 5.60 03/24/23 CNY 40.19
YONGXING YINDU INVEST 6.93 07/07/24 CNY 60.00
YONGXING YINDU INVEST 6.93 07/07/24 CNY 60.04
YONGXING YINDU INVEST 6.50 08/14/24 CNY 60.00
YONGXING YINDU INVEST 6.50 08/14/24 CNY 60.22
YONGZHOU ECONOMIC CON 3.55 01/14/23 CNY 39.48
YONGZHOU ECONOMIC CON 3.55 01/14/23 CNY 39.95
YUANAN COUNTY QIFENG 5.50 05/27/23 CNY 40.24
YUANAN COUNTY QIFENG 5.50 05/27/23 CNY 40.24
YUANLING CHENZHOU INV 6.50 09/20/24 CNY 60.00
YUANLING CHENZHOU INV 6.50 09/20/24 CNY 61.55
YUEYANG DONGTING XINC 6.15 03/20/22 CNY 20.06
YUEYANG HUIHUA URBAN 5.78 04/18/24 CNY 60.66
YUEYANG HUIHUA URBAN 5.78 04/18/24 CNY 61.66
YUEYANG HUIHUA URBAN 5.96 07/26/24 CNY 61.00
YUEYANG HUIHUA URBAN 5.96 07/26/24 CNY 61.77
YUEYANG URBAN CONSTRU 4.80 01/27/26 CNY 73.98
YUEYANG URBAN CONSTRU 4.80 01/27/26 CNY 74.24
YUEYANG YUNXI CITY CO 6.00 07/08/23 CNY 39.56
YUEYANG YUNXI CITY CO 5.18 11/21/23 CNY 57.52
YUHUAN CITY COMMUNICA 6.18 03/20/22 CNY 20.17
YUHUAN CITY COMMUNICA 6.18 03/20/22 CNY 24.47
YUHUAN CITY CONSTRUCT 5.10 05/03/23 CNY 40.05
YUHUAN CITY CONSTRUCT 5.10 05/03/23 CNY 40.61
YUHUAN CITY CONSTRUCT 3.72 10/21/23 CNY 39.33
YUHUAN CITY CONSTRUCT 3.72 10/21/23 CNY 40.15
YUNCHENG SHUIHU CITY 4.54 11/21/23 CNY 57.87
YUNCHENG SHUIHU CITY 4.54 11/21/23 CNY 59.71
YUNCHENG URBAN CONSTR 6.30 08/29/24 CNY 58.78
YUNCHENG URBAN CONSTR 6.30 08/29/24 CNY 60.00
YUZHOU GENERAL INVEST 4.68 01/19/23 CNY 40.00
YUZHOU GENERAL INVEST 4.68 01/19/23 CNY 40.15
ZAOYANG CITY CONSTRUC 5.50 03/22/23 CNY 40.19
ZAOYANG CITY CONSTRUC 5.50 03/22/23 CNY 40.39
ZHANGJIAGANG ECONOMY 3.95 03/22/23 CNY 40.00
ZHANGJIAGANG ECONOMY 3.95 03/22/23 CNY 40.23
ZHANGJIAJIE ECONOMIC 6.47 07/24/27 CNY 72.69
ZHANGJIAJIE ECONOMIC 6.47 07/24/27 CNY 72.74
ZHANGQIU STATE OWNED 3.69 08/09/23 CNY 39.81
ZHANGQIU STATE OWNED 3.69 08/09/23 CNY 40.01
ZHANGSHU STATE-OWNED 4.80 06/22/23 CNY 40.17
ZHANGSHU STATE-OWNED 4.80 06/22/23 CNY 42.67
ZHANGZHOU ECONOMIC DE 6.17 04/27/22 CNY 20.00
ZHANGZHOU ECONOMIC DE 6.17 04/27/22 CNY 20.20
ZHAODONG DONGSHENG CO 6.50 01/20/24 CNY 61.10
ZHAODONG DONGSHENG CO 6.50 01/20/24 CNY 61.11
ZHAOQING GAOYAO DISTR 6.68 04/14/22 CNY 20.00
ZHAOQING GAOYAO DISTR 6.68 04/14/22 CNY 20.29
ZHAOQING HI-TECH ZONE 3.97 08/26/23 CNY 39.47
ZHAOQING HI-TECH ZONE 3.97 08/26/23 CNY 39.82
ZHEJIANG BINHAI NEW C 4.65 12/23/22 CNY 40.36
ZHEJIANG HANGZHOU QIN 5.99 06/30/24 CNY 62.22
ZHEJIANG HANGZHOU QIN 5.99 06/30/24 CNY 62.23
ZHEJIANG HUISHENG INV 4.49 03/15/24 CNY 55.00
ZHEJIANG HUISHENG INV 4.49 03/15/24 CNY 55.51
ZHEJIANG OUHAI CONSTR 6.45 04/23/22 CNY 20.20
ZHEJIANG OUHAI CONSTR 6.45 04/23/22 CNY 20.20
ZHEJIANG OUHAI CONSTR 4.83 01/21/23 CNY 40.10
ZHEJIANG OUHAI CONSTR 4.83 01/21/23 CNY 40.44
ZHEJIANG XINCHANG INV 6.95 12/31/21 CNY 20.09
ZHEJIANG XINCHANG INV 6.95 12/31/21 CNY 20.44
ZHENGZHOU AIRPORT ECO 4.27 07/20/26 CNY 53.58
ZHENGZHOU AIRPORT ECO 4.27 07/20/26 CNY 53.62
ZHENGZHOU GENERAL AVI 5.98 06/27/24 CNY 60.00
ZHENGZHOU GENERAL AVI 5.98 06/27/24 CNY 62.11
ZHENGZHOU GENERAL AVI 5.80 10/18/24 CNY 60.00
ZHENGZHOU GENERAL AVI 5.80 10/18/24 CNY 62.21
ZHENGZHOU JINGKAI INV 5.48 07/31/22 CNY 20.00
ZHENGZHOU JINGKAI INV 5.48 07/31/22 CNY 20.35
ZHENGZHOU MOUZHONG DE 7.48 12/11/21 CNY 20.06
ZHENGZHOU MOUZHONG DE 7.48 12/11/21 CNY 26.20
ZHENGZHOU MOUZHONG DE 4.59 04/18/23 CNY 39.89
ZHENGZHOU MOUZHONG DE 4.59 04/18/23 CNY 39.95
ZHENJIANG DANTU DISTR 5.98 11/06/24 CNY 82.56
ZHENJIANG NEW AREA UR 5.31 07/14/23 CNY 39.06
ZHENJIANG NEW AREA UR 5.31 07/14/23 CNY 40.44
ZHIJIANG STATE-OWNED 4.78 01/11/23 CNY 37.00
ZHIJIANG STATE-OWNED 4.78 01/11/23 CNY 40.04
ZHIJIANG STATE-OWNED 4.38 03/28/23 CNY 39.25
ZHIJIANG STATE-OWNED 4.38 03/28/23 CNY 39.74
ZHIJIANG WANYUN COMMU 7.00 08/29/24 CNY 61.56
ZHONGGUANCUN DEVELOPM 4.20 08/12/22 CNY 20.15
ZHONGGUANCUN DEVELOPM 4.20 08/12/22 CNY 20.20
ZHONGRONG XINDA GROUP 7.40 07/18/22 CNY 7.81
ZHONGRONG XINDA GROUP 7.50 03/02/23 CNY 4.75
ZHONGSHAN TORCH DEVEL 5.79 03/23/24 CNY 61.75
ZHONGSHAN TRANSPORTAT 5.25 11/26/21 CNY 20.00
ZHONGSHAN TRANSPORTAT 5.25 11/26/21 CNY 20.01
ZHONGXIANG CITY CONST 6.50 09/01/24 CNY 62.43
ZHONGXIANG CITY CONST 6.50 09/01/24 CNY 62.44
ZHOUSHAN DINGHAI CITY 6.67 07/20/22 CNY 20.00
ZHOUSHAN ISLANDS NEW 6.98 10/22/22 CNY 24.77
ZHOUSHAN ISLANDS NEW 6.98 10/22/22 CNY 25.40
ZHOUSHAN PUTUO DISTRI 7.18 06/20/22 CNY 25.37
ZHOUSHAN PUTUO DISTRI 7.18 06/20/22 CNY 26.90
ZHUCHENG ECONOMIC DEV 5.37 07/12/24 CNY 60.14
ZHUCHENG ECONOMIC DEV 5.37 07/12/24 CNY 61.15
ZHUHAI HUIHUA INFRAST 4.70 06/27/23 CNY 40.29
ZHUHAI HUIHUA INFRAST 4.70 06/27/23 CNY 40.33
ZHUJI CITY EAST NEW T 3.89 08/26/23 CNY 40.51
ZHUJI CITY YUEDU INVE 6.38 04/07/22 CNY 20.20
ZHUJI CITY YUEDU INVE 6.38 04/07/22 CNY 20.21
ZHUJI STATE-OWNED ASS 5.34 06/28/24 CNY 61.75
ZHUJI STATE-OWNED ASS 5.34 06/28/24 CNY 62.50
ZHUJI STATE-OWNED ASS 5.23 07/18/24 CNY 61.76
ZHUZHOU CITY CONSTRUC 8.36 11/10/21 CNY 20.14
ZHUZHOU GECKOR GROUP 6.38 04/17/22 CNY 20.00
ZHUZHOU GECKOR GROUP 6.38 04/17/22 CNY 20.15
ZHUZHOU GECKOR GROUP 3.78 09/28/23 CNY 39.35
ZHUZHOU GECKOR GROUP 3.78 09/28/23 CNY 39.55
ZHUZHOU HI-TECH AUTO 4.47 11/03/23 CNY 74.62
ZHUZHOU LVXIANG INVES 7.09 08/16/24 CNY 57.50
ZHUZHOU LVXIANG INVES 7.09 08/16/24 CNY 61.11
ZHUZHOU RAILWAY INDUS 7.50 09/25/24 CNY 60.78
ZHUZHOU RECYCLING ECO 4.38 03/24/23 CNY 36.79
ZHUZHOU RECYCLING ECO 4.38 03/24/23 CNY 39.43
ZHUZHOU XIANGJIAN INV 6.40 08/09/24 CNY 60.00
ZHUZHOU XIANGJIAN INV 6.40 08/09/24 CNY 60.31
ZHUZHOU XIANGJIANG SC 5.39 11/25/22 CNY 39.31
ZHUZHOU XIANGJIANG SC 5.39 11/25/22 CNY 39.61
ZIBO BANYANG CITY URB 5.50 09/09/22 CNY 20.00
ZIBO BANYANG CITY URB 5.50 09/09/22 CNY 20.08
ZIBO BOSHAN STATE OWN 5.63 03/29/24 CNY 60.46
ZIBO BOSHAN STATE OWN 5.63 03/29/24 CNY 61.37
ZIBO HIGH TECH CITY I 5.28 08/10/24 CNY 61.86
ZIBO HIGH TECH CITY I 5.28 08/10/24 CNY 64.80
ZIXING CHENGCHENG INV 6.20 03/16/24 CNY 61.18
ZIXING CHENGCHENG INV 6.20 03/16/24 CNY 61.38
ZIXING CHENGCHENG INV 6.18 08/09/24 CNY 60.00
ZIXING CHENGCHENG INV 6.18 08/09/24 CNY 61.35
ZIXING CITY DEVELOPME 6.00 05/03/24 CNY 60.25
ZIXING CITY DEVELOPME 6.00 05/03/24 CNY 60.85
ZIXING CITY DEVELOPME 6.30 09/26/24 CNY 60.00
ZIXING CITY DEVELOPME 6.30 09/26/24 CNY 61.41
ZIYANG WATER INVESTME 3.97 03/17/23 CNY 38.33
ZIYANG WATER INVESTME 3.97 03/17/23 CNY 38.48
ZIZHONG COUNTY XINGZI 5.97 01/18/23 CNY 39.28
ZIZHONG COUNTY XINGZI 5.97 01/18/23 CNY 39.68
ZONGYANG INVESTMENT D 5.85 04/25/24 CNY 60.00
ZONGYANG INVESTMENT D 5.85 04/25/24 CNY 61.68
ZUNYI BOZHOU URBAN CO 6.60 07/06/24 CNY 61.35
ZUNYI BOZHOU URBAN CO 6.60 07/06/24 CNY 61.49
ZUNYI BOZHOU URBAN CO 7.85 10/24/24 CNY 60.00
ZUNYI BOZHOU URBAN CO 7.85 10/24/24 CNY 63.07
ZUNYI CITY XIANGJIANG 6.99 09/25/24 CNY 60.00
ZUNYI CITY XIANGJIANG 6.99 09/25/24 CNY 62.08
ZUNYI ECONOMIC DEVELO 4.87 01/22/23 CNY 35.00
ZUNYI ECONOMIC DEVELO 4.87 01/22/23 CNY 38.07
ZUNYI ECONOMIC DEVELO 7.48 08/17/24 CNY 56.45
ZUNYI HONGHUAGANG DIS 5.05 06/27/23 CNY 37.91
ZUNYI HONGHUAGANG DIS 5.05 06/27/23 CNY 39.99
ZUNYI HONGHUAGANG DIS 6.98 07/25/24 CNY 56.98
ZUNYI HONGHUAGANG DIS 6.98 07/25/24 CNY 61.84
ZUNYI NEW DISTRICT DE 5.99 04/07/26 CNY 47.46
ZUNYI NEW DISTRICT DE 5.99 04/07/26 CNY 55.94
ZUNYI ROAD & BRIDGE C 6.10 04/27/23 CNY 33.43
ZUNYI ROAD & BRIDGE C 6.10 04/27/23 CNY 37.06
ZUNYI TRAFFIC TRAVEL 7.70 09/27/27 CNY 57.00
ZUNYI TRAFFIC TRAVEL 7.70 09/27/27 CNY 73.20
HONG KONG
---------
CAIYUN INTERNATIONAL 5.50 04/08/22 USD 71.66
CHINA SOUTH CITY HOLD 11.50 02/12/22 USD 80.95
CHINA SOUTH CITY HOLD 10.88 06/26/22 USD 42.19
CHINA SOUTH CITY HOLD 7.25 11/20/22 USD 45.01
CHINA SOUTH CITY HOLD 11.95 02/09/23 USD 37.38
CHINA SOUTH CITY HOLD 10.75 04/11/23 USD 36.02
DR PENG HOLDING HONGK 7.55 12/01/22 USD 61.52
HNA GROUP INTERNATION 6.25 10/05/21 USD 19.27
INDONESIA
---------
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.13
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.13
DELTA MERLIN DUNIA TE 2.50 06/26/28 USD 18.00
SRI REJEKI ISMAN TBK 7.25 01/16/25 USD 18.67
SRI REJEKI ISMAN TBK 7.25 01/16/25 USD 20.01
INDIA
-----
ACME MEDAK SOLAR ENER 0.01 08/29/46 INR 16.44
ACME RANGA REDDY SOLA 0.01 08/31/46 INR 16.31
AMPSOLAR SOLUTION PVT 0.01 10/27/37 INR 30.75
AMPSOLAR SOLUTION PVT 0.01 11/03/37 INR 30.70
APG HABITAT PVT LTD 1.00 09/09/28 INR 66.69
APG INTELLI HOMES PVT 1.25 02/04/35 INR 47.60
APG INTELLI HOMES PVT 1.25 02/04/35 INR 48.78
ASSETS CARE & RECONST 1.00 03/30/29 INR 65.91
ASSETS CARE & RECONST 2.00 03/30/29 INR 71.65
ASSETS CARE & RECONST 2.00 03/30/29 INR 71.65
ASSETS CARE & RECONST 2.00 03/31/30 INR 68.25
AUTOMOTIVE EXCHANGE P 4.00 06/01/30 INR 65.86
AUTOMOTIVE EXCHANGE P 4.00 10/11/30 INR 65.38
BODY CUPID PVT LTD 0.01 03/31/31 INR 50.98
BREEZE CONSTRUCTIONS 0.01 06/29/30 INR 51.30
BRITANNIA INDUSTRIES 8.00 08/28/22 INR 30.67
BRITANNIA INDUSTRIES 5.50 06/03/24 INR 29.08
BROIL SOLAR ENERGY PV 0.01 09/05/31 INR 49.24
CHANDRAJYOTI ESTATE D 0.01 07/06/30 INR 52.62
CONVERGIA DIGITAL EDU 0.10 09/29/31 INR 56.46
CUMULUS TRADING CO PV 0.01 01/23/30 INR 69.71
CUMULUS TRADING CO PV 0.01 05/21/32 INR 44.66
DEWAN HOUSING FINANCE 8.50 04/18/23 INR 28.34
DLF ASPINWAL HOTELS P 0.01 10/15/30 INR 49.22
DLF EMPORIO RESTAURAN 0.01 06/29/30 INR 53.02
DLF EMPORIO RESTAURAN 0.01 08/12/30 INR 52.52
DLF HOME DEVELOPERS L 0.01 06/29/30 INR 54.89
DLF HOMES SERVICES PV 0.01 06/29/30 INR 51.30
DLF LANDS INDIA PVT L 0.01 09/29/31 INR 47.65
DLF REAL ESTATE BUILD 0.01 06/23/30 INR 52.64
DLF RECREATIONAL FOUN 0.01 10/15/30 INR 49.26
DLF RESIDENTIAL BUILD 0.01 06/23/30 INR 51.36
DLF RESIDENTIAL DEVEL 0.01 06/28/30 INR 52.61
DLF SOUTHERN TOWNS PV 0.01 07/09/30 INR 52.77
DOMUS REAL ESTATE PVT 0.01 07/11/30 INR 52.78
ECAP EQUITIES LTD 0.01 03/26/31 INR 51.87
EDEL LAND LTD 0.01 03/22/26 INR 72.99
EDELWEISS ASSET RECON 2.00 11/20/27 INR 75.12
EDELWEISS ASSET RECON 2.00 10/07/28 INR 71.82
EDELWEISS ASSET RECON 2.00 01/15/29 INR 70.83
EDELWEISS ASSET RECON 2.00 03/28/29 INR 70.13
EDELWEISS ASSET RECON 2.00 07/22/29 INR 69.00
EDELWEISS RURAL & COR 0.01 03/25/31 INR 52.68
ELP SOLAR ONE PVT LTD 0.25 02/27/31 INR 51.58
ESSAR POWER TRANSMISS 3.00 03/31/43 INR 50.73
ESSAR POWER TRANSMISS 3.00 03/31/43 INR 50.73
FUTURE RETAIL LTD 5.60 01/22/25 USD 60.63
FUTURE RETAIL LTD 5.60 01/22/25 USD 60.97
GAMMA GAANA LTD 0.01 07/31/31 INR 48.50
GREEN URJA PVT LTD 0.01 02/14/30 INR 54.84
GTL INFRASTRUCTURE LT 6.73 10/26/22 USD 9.88
HCL INFOTECH LTD 0.10 03/31/36 INR 35.23
HITODI INFRASTRUCTURE 0.01 06/30/27 INR 65.34
JAIPRAKASH ASSOCIATES 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENT 7.00 05/15/17 USD 6.22
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 32.87
JTPM ATSALI LTD 0.01 08/29/48 INR 14.56
JUNO MONETA TECHNOLOG 0.01 05/18/26 INR 73.28
KANAKADURGA FINANCE L 0.01 04/15/36 INR 31.69
KUSHALS RETAIL PVT LT 1.00 05/13/29 INR 64.16
LITMUS WORLD MARKETIN 0.01 03/31/28 INR 68.45
MARIS POWER SUPPLY CO 2.00 04/18/28 INR 74.35
MELOSA BUILDERS & DEV 0.01 06/29/30 INR 51.30
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 51.30
MYTRAH AADHYA POWER P 0.01 07/05/35 INR 36.55
MYTRAH ADVAITH POWER 0.01 07/13/36 INR 33.82
MYTRAH AKSHAYA ENERGY 0.01 07/13/36 INR 33.82
NANI VIRANI WIND ENER 2.00 06/30/39 INR 47.11
NEEMUCH SOLAR POWER P 0.01 08/29/46 INR 16.43
NHAVA SHEVA INTERNATI 0.01 04/14/27 INR 68.32
ORIGAMI CELLULO PVT L 0.01 11/14/36 INR 32.47
PALIWAL REAL ESTATE L 0.01 09/09/31 INR 48.10
PRAKASH INDUSTRIES LT 5.25 04/30/15 USD 22.63
PRUDENT ARC LTD 0.01 09/02/31 INR 48.11
PRUDENT ARC LTD 0.01 10/04/31 INR 46.47
PUNJAB INFRASTRUCTURE 0.40 10/15/27 INR 70.60
PUNJAB INFRASTRUCTURE 0.40 10/15/28 INR 65.88
PUNJAB INFRASTRUCTURE 0.40 10/15/29 INR 61.46
PUNJAB INFRASTRUCTURE 0.40 10/15/30 INR 57.34
PUNJAB INFRASTRUCTURE 0.40 10/15/31 INR 53.52
PUNJAB INFRASTRUCTURE 0.40 10/15/32 INR 49.99
PUNJAB INFRASTRUCTURE 0.40 10/15/33 INR 46.76
PURVANCHAL SOLAR POWE 0.01 08/29/46 INR 16.44
PYRAMID SAIMIRA THEAT 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 33.43
RAMANI ICECREAM CO LT 0.01 12/29/35 INR 35.61
REDKITE CAPITAL PVT L 2.50 03/30/29 INR 73.63
REI AGRO LTD 5.50 11/13/14 USD 0.73
REI AGRO LTD 5.50 11/13/14 USD 0.73
RELIANCE COMMUNICATIO 6.50 11/06/20 USD 10.09
REWANCHAL SOLAR POWER 0.01 08/29/46 INR 16.44
RIVERIA COMMERCIAL DE 0.01 07/08/31 INR 47.16
RMZ ONE PARAMOUNT PVT 0.10 03/24/29 INR 59.20
SAKET HOLIDAYS RESORT 0.01 06/29/30 INR 52.50
SANJWIN CONSULTING SO 0.01 06/01/28 INR 61.31
SHERISHA ROOFTOP SOLA 0.01 08/12/31 INR 45.04
SHIVAJI MARG MAINTENA 0.01 06/28/30 INR 51.48
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 26.43
STPL HORTICULTURE PVT 0.01 03/31/31 INR 58.59
SUNWORLD SOLAR POWER 0.01 08/31/46 INR 16.31
SURBHI INVESTMENTS & 2.50 10/21/28 INR 74.38
SUTARA ROADS & INFRA 0.01 08/31/30 INR 58.93
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.65
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.65
SVOGL OIL GAS & ENERG 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 04/18/26 INR 73.56
TATA SMARTFOODZ LTD 0.01 06/28/26 INR 72.42
TATA SMARTFOODZ LTD 0.01 08/19/26 INR 71.58
TN URJA PVT LTD 0.10 02/22/36 INR 35.40
WATSUN INFRABUILD PVT 4.00 10/16/37 INR 63.92
YBRANT ENGINEERING & 0.01 05/07/31 INR 50.08
JAPAN
-----
AVANSTRATE INC 0.20 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 66.71
TKJP CORP 1.02 12/15/17 JPY 0.50
TKJP CORP 0.85 03/06/19 JPY 2.02
TKJP CORP 0.58 03/26/21 JPY 2.02
UNIZO HOLDINGS CO LTD 0.43 11/29/21 JPY 71.12
UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 60.00
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 48.04
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 47.75
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 45.49
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 45.59
UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 42.89
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 39.99
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 39.58
UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 39.98
KOREA
-----
CJ CGV CO LTD 1.00 06/08/51 KRW 71.03
FIRST 5G SECURITIZATI 1.71 02/28/25 KRW 27.46
FIRST 5G SECURITIZATI 1.89 11/28/25 KRW 27.85
HEUNGKUK FIRE & MARIN 5.70 12/29/46 KRW 38.81
KIBO ABS SPECIALTY CO 5.00 02/28/22 KRW 74.42
KIBO ABS SPECIALTY CO 5.00 02/24/23 KRW 73.14
KIBO ABS SPECIALTY CO 5.00 02/24/24 KRW 70.34
KOREA LAND & HOUSING 1.28 08/23/49 KRW 77.55
KOREA SOUTHERN POWER 1.29 08/13/49 KRW 76.10
LOTTE CARD CO LTD 3.95 06/28/49 KRW 37.13
POSCO ENERGY CO LTD 5.21 08/29/43 KRW 68.54
PULMUONE CO LTD 4.80 09/30/49 KRW 73.97
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SINBO SECURITIZATION 5.00 12/27/21 KRW 75.29
SINBO SECURITIZATION 5.00 01/25/22 KRW 68.09
SINBO SECURITIZATION 5.00 01/26/22 KRW 68.08
SINBO SECURITIZATION 5.00 02/23/22 KRW 66.74
SINBO SECURITIZATION 5.00 02/28/22 KRW 74.40
SINBO SECURITIZATION 5.00 06/27/22 KRW 62.95
SINBO SECURITIZATION 5.00 07/24/22 KRW 62.49
SINBO SECURITIZATION 5.00 07/26/22 KRW 62.47
SINBO SECURITIZATION 5.00 08/29/22 KRW 62.79
SINBO SECURITIZATION 5.00 08/31/22 KRW 62.78
SINBO SECURITIZATION 5.00 09/26/22 KRW 62.15
SINBO SECURITIZATION 5.00 12/25/22 KRW 72.13
SINBO SECURITIZATION 5.00 01/25/23 KRW 64.51
SINBO SECURITIZATION 5.00 01/29/23 KRW 71.86
SINBO SECURITIZATION 5.00 02/28/23 KRW 74.84
SINBO SECURITIZATION 5.00 03/20/23 KRW 74.67
SINBO SECURITIZATION 5.00 06/27/23 KRW 65.98
SINBO SECURITIZATION 5.00 06/30/23 KRW 65.95
SINBO SECURITIZATION 5.00 07/24/23 KRW 65.69
SINBO SECURITIZATION 5.00 07/29/23 KRW 65.65
SINBO SECURITIZATION 5.00 08/29/23 KRW 66.46
SINBO SECURITIZATION 5.00 08/29/23 KRW 66.46
SINBO SECURITIZATION 5.00 09/09/23 KRW 66.29
SINBO SECURITIZATION 5.00 09/26/23 KRW 66.08
SINBO SECURITIZATION 5.00 09/26/23 KRW 66.08
SINBO SECURITIZATION 5.00 09/26/23 KRW 66.08
SINBO SECURITIZATION 5.00 10/24/23 KRW 65.72
SINBO SECURITIZATION 5.00 10/24/23 KRW 65.72
SINBO SECURITIZATION 3.00 11/21/23 KRW 63.52
SINBO SECURITIZATION 5.00 11/21/23 KRW 66.84
SINBO SECURITIZATION 4.00 12/25/23 KRW 65.20
SINBO SECURITIZATION 4.00 12/25/23 KRW 65.20
SINBO SECURITIZATION 5.00 12/25/23 KRW 72.37
SINBO SECURITIZATION 5.00 12/29/23 KRW 70.19
SINBO SECURITIZATION 3.00 01/29/24 KRW 68.07
SINBO SECURITIZATION 4.00 01/29/24 KRW 70.08
SINBO SECURITIZATION 4.00 01/29/24 KRW 70.08
SINBO SECURITIZATION 5.00 02/27/24 KRW 67.89
SINBO SECURITIZATION 4.00 04/15/24 KRW 65.70
SINBO SECURITIZATION 4.00 06/30/24 KRW 66.01
SINBO SECURITIZATION 4.00 06/30/24 KRW 66.01
SINBO SECURITIZATION 5.00 06/30/24 KRW 67.99
SINBO SECURITIZATION 4.00 07/29/24 KRW 65.73
SINBO SECURITIZATION 5.00 07/29/24 KRW 67.69
SINBO SECURITIZATION 5.00 07/29/24 KRW 67.69
SINBO SECURITIZATION 4.00 08/28/24 KRW 66.40
SINBO SECURITIZATION 4.00 08/28/24 KRW 66.40
SINBO SECURITIZATION 5.00 08/28/24 KRW 68.57
SINBO SECURITIZATION 4.00 09/29/24 KRW 66.04
SINBO SECURITIZATION 4.00 09/29/24 KRW 66.04
SINBO SECURITIZATION 5.00 09/29/24 KRW 68.19
SINBO SECURITIZATION 4.00 11/27/24 KRW 69.24
SINBO SECURITIZATION 4.00 11/27/24 KRW 69.24
SINBO SECURITIZATION 5.00 11/27/24 KRW 71.55
SINBO SECURITIZATION 5.00 11/27/24 KRW 71.55
SINBO SECURITIZATION 5.00 01/29/25 KRW 46.26
MALAYSIA
--------
ASIAN PAC HOLDINGS BH 3.00 05/25/22 MYR 0.65
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.27
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.26
ELK-DESA RESOURCES BH 3.25 04/14/22 MYR 1.14
HUME CEMENT INDUSTRIE 5.00 05/29/24 MYR 1.66
MALAYAN FLOUR MILLS B 5.00 01/24/24 MYR 1.48
PENGURUSAN AIR SPV BH 1.00 09/28/35 MYR 62.71
PENGURUSAN AIR SPV BH 1.00 11/05/35 MYR 62.42
PENGURUSAN AIR SPV BH 1.00 02/05/36 MYR 65.13
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 12.50
SCANWOLF CORP BHD 3.00 08/04/26 MYR 0.36
SD INTERNATIONAL SUKU 7.00 03/12/25 USD 27.40
SD INTERNATIONAL SUKU 6.30 05/09/22 USD 30.37
SENAI-DESARU EXPRESSW 1.35 12/31/29 MYR 74.34
SENAI-DESARU EXPRESSW 1.35 06/28/30 MYR 72.83
SENAI-DESARU EXPRESSW 1.35 12/31/30 MYR 71.27
SENAI-DESARU EXPRESSW 1.35 06/30/31 MYR 69.77
YB VENTURES BHD 0.10 09/05/26 MYR 0.07
PHILIPPINES
-----------
BAYAN TELECOMMUNICATI 15.00 07/15/06 USD 19.63
SINGAPORE
---------
APL REALTY HOLDINGS P 5.95 06/02/24 USD 60.92
ASL MARINE HOLDINGS L 3.00 03/28/25 SGD 41.34
ASL MARINE HOLDINGS L 3.00 10/01/26 SGD 41.38
BAKRIE TELECOM PTE LT 11.50 05/07/15 USD 0.78
BAKRIE TELECOM PTE LT 11.50 05/07/15 USD 0.78
BANYAN TREE HOLDINGS 7.50 08/06/22 SGD 1.35
BLD INVESTMENTS PTE L 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES 8.00 12/31/21 USD 32.94
BLUE OCEAN RESOURCES 8.00 12/31/21 USD 32.94
BLUE OCEAN RESOURCES 8.00 12/31/21 USD 32.94
ENERCOAL RESOURCES PT 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LT 8.00 12/11/22 USD 44.43
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 19.36
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 19.68
INDO INFRASTRUCTURE G 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE 6.00 12/11/24 USD 29.00
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 16.61
JGC VENTURES PTE LTD 10.75 08/30/21 USD 55.20
MICLYN EXPRESS OFFSHO 8.75 11/25/18 USD 1.07
MODERNLAND OVERSEAS P 6.95 04/13/24 USD 44.64
NT RIG HOLDCO PTE LTD 7.50 12/20/22 USD 55.50
ORO NEGRO DRILLING PT 7.50 01/24/19 USD 3.88
PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SSMS PLANTATION HOLDI 7.75 01/23/23 USD 72.74
SWIBER CAPITAL PTE LT 6.25 10/30/17 SGD 4.20
SWIBER CAPITAL PTE LT 6.50 08/02/18 SGD 4.20
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SRI LANKA
---------
SRI LANKA DEVELOPMENT 4.24 03/16/23 USD 72.96
SRI LANKA DEVELOPMENT 4.11 05/01/23 USD 71.20
SRI LANKA DEVELOPMENT 4.15 05/01/23 USD 71.24
SRI LANKA DEVELOPMENT 5.66 05/01/23 USD 72.82
SRI LANKA DEVELOPMENT 6.69 05/01/23 USD 73.98
SRI LANKA DEVELOPMENT 6.70 05/01/23 USD 73.99
SRI LANKA DEVELOPMENT 6.71 05/01/23 USD 74.00
SRI LANKA DEVELOPMENT 7.95 05/01/24 USD 67.20
SRI LANKA DEVELOPMENT 7.98 05/01/24 USD 67.25
SRI LANKA DEVELOPMENT 7.99 05/01/24 USD 67.27
SRI LANKA DEVELOPMENT 4.79 01/22/25 USD 58.73
SRI LANKA DEVELOPMENT 5.98 01/22/25 USD 59.82
SRI LANKA DEVELOPMENT 6.02 01/22/25 USD 59.90
SRI LANKA DEVELOPMENT 6.05 01/22/25 USD 59.96
SRI LANKA DEVELOPMENT 6.50 01/22/25 USD 60.89
SRI LANKA DEVELOPMENT 6.75 01/22/25 USD 61.40
SRI LANKA DEVELOPMENT 6.80 01/22/25 USD 61.50
SRI LANKA DEVELOPMENT 6.82 01/22/25 USD 61.54
SRI LANKA DEVELOPMENT 6.87 01/22/25 USD 61.65
SRI LANKA DEVELOPMENT 6.99 01/22/25 USD 61.89
SRI LANKA DEVELOPMENT 7.68 01/22/25 USD 63.31
SRI LANKA DEVELOPMENT 7.82 01/22/25 USD 63.63
SRI LANKA DEVELOPMENT 7.60 07/30/26 USD 60.52
SRI LANKA DEVELOPMENT 8.00 07/30/26 USD 61.62
SRI LANKA GOVERNMENT 5.75 04/18/23 USD 65.98
SRI LANKA GOVERNMENT 5.75 04/18/23 USD 65.98
SRI LANKA GOVERNMENT 6.85 03/14/24 USD 62.69
SRI LANKA GOVERNMENT 6.85 03/14/24 USD 62.76
SRI LANKA GOVERNMENT 6.35 06/28/24 USD 62.67
SRI LANKA GOVERNMENT 6.35 06/28/24 USD 62.73
SRI LANKA GOVERNMENT 6.13 06/03/25 USD 61.77
SRI LANKA GOVERNMENT 6.13 06/03/25 USD 61.86
SRI LANKA GOVERNMENT 6.85 11/03/25 USD 61.85
SRI LANKA GOVERNMENT 6.85 11/03/25 USD 61.94
SRI LANKA GOVERNMENT 6.83 07/18/26 USD 60.71
SRI LANKA GOVERNMENT 6.83 07/18/26 USD 60.78
SRI LANKA GOVERNMENT 6.20 05/11/27 USD 59.95
SRI LANKA GOVERNMENT 6.20 05/11/27 USD 60.04
SRI LANKA GOVERNMENT 6.75 04/18/28 USD 59.86
SRI LANKA GOVERNMENT 6.75 04/18/28 USD 59.95
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 59.91
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 59.95
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 59.98
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 60.09
SRILANKAN AIRLINES LT 7.00 06/25/24 USD 60.64
THAILAND
--------
G STEEL PCL 3.00 10/04/15 USD 0.80
MDX PCL 4.75 09/17/03 USD 22.88
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.
Copyright 2021. All rights reserved. ISSN: 1520-9482.
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