/raid1/www/Hosts/bankrupt/TCRAP

/raid1/www/Hosts/bankrupt/TCRAP_Public/220524.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, May 24, 2022, Vol. 25, No. 97 Headlines A U S T R A L I A EVOLUTION TRAFFIC: Second Creditors' Meeting Set for May 31 FREEMAN MCMASTER: Second Creditors' Meeting Set for May 31 HERON RESOURCES: Develop Global Completes Acquisition for AUD30MM NEXT CONSTRUCTIONS: Second Creditors' Meeting Set for May 30 PANICHELLI FARMS: First Creditors' Meeting Set for May 31 PMM GROUP: Owner Fights to Save Advice Company from Liquidation WITHIN AUSTRALIA: First Creditors' Meeting Set for May 31 C H I N A JIAYUAN INTERNATIONAL: Moody's Cuts CFR to Caa1, Outlook Negative JINKE PROPERTY: S&P Downgrades LT ICR to 'B-', On Watch Negative LANZHOU CONSTRUCTION: Moody's Cuts CFR & Sr. Unsec. Bonds to 'B3' TD HOLDINGS: Posts $1.6 Million Net Income in First Quarter ZHONGRONG INT'L: S&P Alters Outlook to Neg, Affirms 'BB-/B' ICRs ZHONGRONG INT'L: S&P Rates USD200MM 364-Day Notes 'B' I N D I A ADITYA HOTELS: CARE Keeps D Debt Rating in Not Cooperating BENCHMARK SUPPLY: Insolvency Resolution Process Case Summary BHADRESHWAR VIDYUT: CARE Keeps D Debt Ratings in Not Cooperating DWARAKA TIRUMALA: CARE Keeps B- Debt Rating in Not Cooperating GOEL JEWELERY: Insolvency Resolution Process Case Summary ISHIKA PACKAGING: CARE Keeps B- Debt Rating in Not Cooperating JSW STEEL: Fitch Raises Issuer Default Rating to BB, Outlook Stable MICRO INFOSOLUTIONS: CARE Lowers Rating on INR8.64cr Loan to B+ PARMESHWARI TEA: CARE Lowers Rating on INR5.55cr LT Loan to B SAMARTH DAIRY: CARE Keeps B Debt Rating in Not Cooperating SINTEX INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating SINTEX PREFAB: CARE Keeps D Debt Rating in Not Cooperating SINTEX-BAPL LIMITED: CARE Keeps D Debt Ratings in Not Cooperating SITA RAM: CARE Lowers Rating on INR6.12cr LT Loan to B- TABLEZ RETAIL: CARE Lowers Rating on INR27.59cr LT Loan to D TARA TARINI: CARE Lowers Rating on INR9.60cr LT Loan to B UNITY FABTEXT: CARE Keeps D Debt Ratings in Not Cooperating UNIVERSAL TUBE: CARE Keeps D Debt Rating in Not Cooperating V.R.K. ASSOCIATES: CARE Keeps D Debt Rating in Not Cooperating VARAD FERTILISERS: CARE Keeps B- Debt Rating in Not Cooperating VARDEEP PETRO: CARE Lowers Rating on INR8.11cr LT Loan to C VENKATA SAI: CARE Keeps B- Debt Rating in Not Cooperating VIJAYA LAKSHMI: CARE Keeps D Debt Rating in Not Cooperating M A L A Y S I A E.A. TECHNIQUE: Auditor Raises Going Concern Doubt N E W Z E A L A N D ARMSTRONG DOWNES: Thames Pacific Takes Over Paddington Development FILTER AND FLUE: Creditors' Proofs of Debt Due on June 21 JFM INVESTMENTS: Creditors' Proofs of Debt Due on July 1 R AND R: Creditors' Proofs of Debt Due on July 15 RIO 40: Creditors' Proofs of Debt Due on June 30 TREADAWAY ROOFING: Court to Hear Wind-Up Petition on June 3 S I N G A P O R E GLOBAL APPAREL: Court Enters Wind-Up Order PURPOSE PERFORMANCE: Court to Hear Wind-Up Petition on June 3 WHEAT BAUMKUCHEN: Court to Hear Wind-Up Petition on June 3 YONG TECK: Court to Hear Wind-Up Petition on June 3 ZHONG HAO: Court Enters Wind-Up Order T H A I L A N D NOK AIRLINES: Mulls Clipping Wings of Betong Route Due to Losses THAI AIRASIA: Seeks Bankruptcy While Resuming Some Flights X X X X X X X X [*] BOND PRICING: For the Week May 16, 2022 to May 20, 2022 - - - - - ================= A U S T R A L I A ================= EVOLUTION TRAFFIC: Second Creditors' Meeting Set for May 31 ----------------------------------------------------------- A second meeting of creditors in the proceedings of Evolution Traffic Management Pty Ltd has been set for May 31, 2022, at 1:00 p.m. via electronic means. 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 May 30, 2022, at 4:00 p.m. Joanne Emily Dunn, John Richard Park, and Kelly-Anne Lavina Trenfield were appointed as administrators of Evolution Traffic on March 17, 2022. FREEMAN MCMASTER: Second Creditors' Meeting Set for May 31 ---------------------------------------------------------- A second meeting of creditors in the proceedings of Freeman McMaster Group Pty Ltd has been set for May 31, 2022, at 11:00 a.m. via virtual meeting technology. The purpose of the meeting is (1) to receive the report by the Administrator about the business, property, affairs and financial circumstances of the Company; and (2) for the creditors of the Company to resolve whether the Company will execute a deed of company arrangement, the administration should end, or the Company be wound up. Creditors wishing to attend are advised proofs and proxies should be submitted to the Administrator by May 30, 2022, at 4:00 p.m. Geoffrey Trent Hancock of Hamilton Murphy Advisory was appointed as administrator of Freeman McMaster on April 14, 2022. HERON RESOURCES: Develop Global Completes Acquisition for AUD30MM ----------------------------------------------------------------- The Market Herald reports that Develop Global (DVP) has completed its acquisition of Woodlawn in NSW by purchasing all the shares in Heron Resources (HRR) for an upfront consideration of AUD30 million. As stipulated in the terms of a deed of company arrangement (DOCA), Develop has paid the upfront consideration comprising of AUD15 million in cash and the issue of approximately 4.78 million Develop shares at a price of AUD3.14 per share, The Market Herald discloses. Develop has also reimbursed Orion AUD500,000 in respect of Woodlawn project care and maintenance costs incurred by Orion prior to completion of the DOCA. According to the report, Managing Director Bill Beament said completion of the Woodlawn acquisition was a pivotal point in the company's growth plan and was "an outstanding deal". "We have used the three months since we agreed the purchase to devise a full exploration strategy with the aim of converting Inferred Resources, extending the mineralised lenses, which we know are open at depth, and drill testing the EM conductors identified by leading consultants NewExco," the report quotes Mr. Beament as saying. Under the cooperation deed entered into with Orion, Develop has also agreed to pay up to AUD70 million to Orion subject to certain milestones being met, which Develop may elect to satisfy in cash or shares, the report relates. The Woodlawn underground mine and processing plant was developed by Heron who invested AUD340 million in the project before it was put on care and maintenance in 2020, and Heron was placed in administration in July of last year, the report discloses. Following completion of the acquisition of Heron, an application has been made to remove Heron from the official list of ASX, which is expected to occur shortly, the Market Herald notes. About Heron Resources Based in Sydney, Australia, Heron Resources Limited (ASX:HRR) -- https://www.heronresources.com.au/ -- operates as a mining company. The Company explores and produces base and precious metals. Heron Resources serves customers in Australia. David McGrath, Christopher Hill and Michael Ryan of FTI Consulting were appointed as administrators of Heron Resources, et al. on July 16, 2021. NEXT CONSTRUCTIONS: Second Creditors' Meeting Set for May 30 ------------------------------------------------------------ A second meeting of creditors in the proceedings of Next Constructions Pty Ltd, Next Contracting Pty Ltd, and Next Contracting Group Pty Ltd, has been set for May 30, 2022, at 11:00 a.m. via teleconference only. 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 May 27, 2022, at 5:00 p.m. Sule Arnautovic and John Vouris of Hall Chadwick were appointed as administrators of Next Constructions et al. on April 22, 2022. PANICHELLI FARMS: First Creditors' Meeting Set for May 31 --------------------------------------------------------- A first meeting of the creditors in the proceedings of Panichelli Farms Pty Ltd will be held on May 31, 2022, at 12:00 p.m. at the offices of Mackay Goodwin, Level 2, 10 Bridge Street, in Sydney, NSW. Edwin Sanjesh Narayan and Domenic Alessandro Calabretta of Mackay Goodwin were appointed as administrators of Panichelli Farms on May 19, 2022. PMM GROUP: Owner Fights to Save Advice Company from Liquidation --------------------------------------------------------------- The West Australian reports that the besieged former financial adviser of basketball great Luc Longley is fighting to keep his flagship company, PMM Group Pty Ltd, afloat. Just a year after a Victorian court put Gui De Castro's one-time advice vehicle into liquidation, he had a lawyer in the WA Supreme Court on May 18 trying to stop liquidators being appointed to his current advice company PMM Group Pty Ltd, the report relates. Armed with a AUD1.09 million Supreme Court judgment secured last September, former client Damien Rhodes and investor Ross Cargeeg are pushing for PMM and its parent company My Two Boys to be put into liquidation for failing to pay, according to The West Australian. Mr. Rhodes launched his legal action in July last year, within days of Mr. Longley's legal advisers at Bennett & Co filing a Supreme Court writ against Mr. De Castro and his former advice company Car One Financial, the report recalls. The West Australian says the Longley action relates to his family trust company making a AUD1 million investment in a long-stalled apartment development. The Longley family trust company Sandia Holdings claims that Mr. De Castro and Car One failed to act in its best interest in 2015 when it was making its investment in the planned redevelopment of the former KFC North Perth site. Mr. Longley, who has been busy this year as special adviser to NBL premiership winners Sydney Kings, has not pushed the action along. Car One has been in the hands of liquidators since September 2, the report says. Even with no value in the Longley claim, the liquidator has estimated the failed company would have a AUD2 million-plus shortfall. According to the report, Mr. De Castro's battles with Mr. Rhodes became public in August last year when Justice Jenni Hill granted an injunction freezing AUD750,000 of assets linked to Mr. De Castro, PMM and My Two Boys. She said she accepted evidence that Mr. De Castro and PMM have "limited assets". Justice Hill pointed to allegations by Ms. Rhodes and Mr. Cargeeg that Mr. De Castro had failed to transfer shares in listed companies Sprintex and PYX Resources that they had bought from My Two Boys. My Two Boys and PMM Group soon after struck a settlement deed with Mr. Rhodes and Mr. Cargeeg that underpinned the AUD1.09 million judgment stamped on September 3, The West Australian relates. Fighting applications for the companies to be put into liquidation, Mr. De Castro's lawyer Chris William said on May 18 that his clients had a series of grievances about how Mr. Rhodes and Mr. Cargeeg had acted in pursuit of their claims. Mr. Williams said Mr. De Castro had estimated he had suffered AUD6 million of damage to his business because of the injunction, which caused a loss of key staff and a termination of a business lease, the report relates. He said the potential damages claim outstripped the total debt that underpinned the winding-up action against PMM and My Two Boys. Arguing the companies should not be wound-up, Mr. Williams said My Two Boys owned an apartment in Applecross that M.r De Castro estimated was worth almost AUD1.7 million and had struck an agreement to sell its stake in the unit trust behind the Ibis Styles hotel in East Perth for more than AUD1 million. The lawyer for Mr. Rhodes and Mr. Cargeeg said Mr. De Castro had provided no details of the buyer of the Ibis stake, a transaction where the first payment would not come until August and would not be completed until 2023, The West Australian relays. Lawyer Craig Gough said Mr. De Castro had not provided any basis for what various shares and properties were worth and had "plucked out of the air" the AUD6 million estimate for the supposed losses from the injunction. The West Australian relates that Mr. Gough said the cash flow of the company was based on nothing more than assertions by Mr. De Castro. "If that detail is sufficient for insolvency, then anything could be," he said. WITHIN AUSTRALIA: First Creditors' Meeting Set for May 31 --------------------------------------------------------- A first meeting of the creditors in the proceedings of Within Australia Incorporated will be held on May 31, 2022, at 10:30 a.m. via teleconference. David Kennedy and Adam Nikitins of Ernst & Young were appointed as administrators of Within Australia on May 19, 2022. ========= C H I N A ========= JIAYUAN INTERNATIONAL: Moody's Cuts CFR to Caa1, Outlook Negative ----------------------------------------------------------------- Moody's Investors Service has downgraded Jiayuan International Group Limited's corporate family rating to Caa1 from B3 and the company's senior unsecured rating to Caa2 from Caa1. The rating outlook remains negative. "The downgrade reflects Jiayuan's heightened liquidity and default risks driven by its weak operations and weakened funding access in view of deteriorating investor and creditor confidence," says Kelly Chen, a Moody's Vice President and Senior Analyst. The rating downgrade also considers the increased risk of a change in management control arising from an increased share pledge by its largest shareholder[1]. "The negative outlook reflects the uncertainties over Jiayuan's ability to raise new funding to manage the company's refinancing needs over the next 12-18 months," adds Chen. RATINGS RATIONALE Moody's believes Jiayuan's liquidity is weak and its funding access has further weakened. Following a recent sharp decline in its share price, trading of the company's shares has been suspended. There are news reports that the company has missed a USD bond interest payment that was due on April 30, and the company has a 30-day grace period to remediate such interest payment. At the same time, Jiayuan has a large amount of debt coming due over the next 12 months, including USD200 million of offshore bonds in October 2022, USD176 million in February 2023 and USD300 million in April 2023. Moody's expects the company's balance sheet liquidity to deteriorate further as its debt becomes due. Moody's expects Jiayuan's contracted sales to decline over the next 6-12 months due to difficult operating conditions. This will reduce the company's operating cash flow and, in turn, weaken its liquidity. Jiayuan's contracted sales fell 43% from the previous year in the first four months of 2022. In terms of environmental, social and governance (ESG) factors, Moody's notes that Mr. Shum Tin Ching, the chairman and the largest shareholder, has recently increased the pledge of his shareholding in the company for financing purposes. As of May 19, 2022, Mr. Shum held a 74.7% equity interest in Jiayuan and pledged around 44.3% of the company's total outstanding shares for financing. Moody's assesses that there is a risk of triggering a change-of-control clause if the chairman loses control on these shares for market or other reasons. Moody's has also considered the risks associated with the company's concentrated ownership, the company's listed status on the Hong Kong Stock Exchange and the application of the Hong Kong Listing Rules and Securities and Future Ordinance on the company. Jiayuan's senior unsecured rating is one notch below its CFR because of legal and structural subordination risks. Most of the claims are at the operating subsidiaries, and in the event of a bankruptcy, they have priority over claims at the holding company. In addition, the holding company lacks significant mitigating factors for structural subordination. As a result, the expected recovery rate for claims at the holding company will be low. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS An upgrade of Jiayuan's ratings is unlikely over the next 12 months, given the negative outlook. However, Moody's could change the outlook to stable if Jiayuan addresses its interest and principal payment in a timely manner, and improves its operating cash flow, liquidity and access to funding. On the other hand, Moody's could downgrade the ratings if Jiayuan's refinancing risks heighten, or its liquidity or access to funding deteriorates further. The principal methodology used in these ratings was Homebuilding And Property Development Industry published in January 2018. Jiayuan International Group Limited develops mass-market residential properties mainly in Jiangsu and Anhui provinces. The company had a total land bank of around 17.4 million square meters as of the end of December 2021. It also develops and operates commercial properties as well as residential property projects. JINKE PROPERTY: S&P Downgrades LT ICR to 'B-', On Watch Negative ---------------------------------------------------------------- On May 20, 2022, S&P Global Ratings lowered its long-term issuer credit rating on Jinke Property Group Co. Ltd. to 'B-' from 'B+'. S&P also lowered the long-term issue rating on the developer's senior unsecured notes to 'CCC+' from 'B'. At the same time, it placed the ratings on CreditWatch with negative implications. S&P subsequently withdrew its issuer credit rating and issue rating on Jinke at the company's request. S&P believes Jinke's cash trapped in escrow accounts is higher than it had expected. This is due to rising contagion risks from joint venture (JV) partners as more of them face liquidity crunches. Access to presale proceeds in project companies will be hindered because banks and trust companies could turn cautious about letting Jinke upstream cash to the holding company level. The company's use of partnerships has exposed it to heightened counterparty risk from JV partners. Sales attributable to its stakes in all project companies account for 60%-70% of its total sales. Despite total cash amounting to Chinese renminbi (RMB) 21.8 billion as of end-March, S&P sees higher risk of cash trapped in escrow, forcing Jinke to heavily rely on bond issuance and internal cash flow to repay upcoming maturity. Jinke faces heightened refinancing risk amid market turbulence. Despite the company's two successful domestic issuances in the past few months, recent volatility in capital markets could further dampen investor confidence. Onshore issuances such as credit risk mitigation warrants (CRMW) remain available only to quality privately owned developers. Narrowing funding channels and high exposure to trust loans will further weigh on its deteriorating liquidity. With limited funding channels, the company will need to rely on cash flows from sales to meet its short-term debt maturities. S&P said, "However, we expect sales to remain sluggish over the next 12 months. Jinke has 24.5% of trust loans exposure in its total debt at end-2021. Any execution risk in onshore refinancing, including difficulty rolling over its trust loans, could further hurt its liquidity. For these reasons, we revised downward our assessment of Jinke's liquidity to weak." Since the second half of 2021, Jinke's cash on hand depleted quickly, because it mainly used its internal cash resources for debt repayment. The company has about RMB7 billion onshore bonds due or puttable in the rest of 2022, mostly in May to September. CreditWatch Prior to withdrawal, the CreditWatch negative reflects S&P's uncertainty over the company's ability to address upcoming debt maturities in 2022, and the sustainability of its capital structure. It also reflects the uncertainty on whether Jinke can formulate and execute its plans to repay its upcoming maturities. ESG credit indicators: E-3, S-2, G-3 LANZHOU CONSTRUCTION: Moody's Cuts CFR & Sr. Unsec. Bonds to 'B3' ----------------------------------------------------------------- Moody's Investors Service has downgraded to B3 from B1 the corporate family rating of Lanzhou Construction Investment (Holding) Group Co., Ltd. and the senior unsecured rating on the bonds issued by City Development Company of Lan Zhou and guaranteed by Lanzhou Construction. At the same time, Moody's has changed the ratings outlook to negative from ratings under review. This rating action concludes the review for downgrade initiated on March 31, 2022. "The downgrade reflects Lanzhou Construction's lack of material progress in resolving its large upcoming debt maturities in the second half of 2022 during the review period. Given its limited access to funding, the heightened liquidity and refinancing risks weaken the company's credit quality to the B3 rating level," says Ying Wang, a Moody's Vice President and Senior Analyst. The negative outlook reflects the uncertainties over the company's ability to raise new funding to address its refinancing needs and maintain a sufficient liquidity buffer over the next 6-12 months. RATINGS RATIONALE Lanzhou Construction has sizable debts, including RMB9 billion in onshore bonds and USD300 million in offshore bonds, maturing or becoming puttable by the end of 2022. At the same time the company's access to funding remains very limited because of continued investor's risk aversion toward local government financing vehicles (LGFVs) from fundamentally weak regions. Given the company's slower-than-expected progress in disposing its assets and its negotiation with financial institutions to secure adequate refinancing, the company's escalating liquidity stress is the key factor underscoring its B3 CFR. Moody's expects Lanzhou Construction will mainly rely on the Lanzhou city government and Gansu provincial government to mobilize resources and negotiate with financial institutions for its debt repayment before the company's access to the capital market resumes. The company relied on support measures from the city and provincial governments, for example, emergency funds set up by the governments to provide liquidity support to state-owned enterprises (SOEs), as well as coordination with financial institutions to repay its debt over the past six months. However, given Lanzhou Construction's increasing maturities, it is uncertain whether the company can rely on government support alone to adequately meet all its refinancing needs for the next 6-12 months in a timely manner. Lanzhou Construction's B3 rating incorporates the Lanzhou city government's capacity to support (GCS) score of baa3 and Moody's assessment of the company's liquidity risk and how its characteristics affect the Lanzhou city government's propensity to support, which results in a six-notch downward adjustment. Moody's assessment of Lanzhou's GCS reflects Lanzhou city's status as the capital of Gansu province, the city's relatively weak economic and fiscal metrics, the constraints faced by its local financial sector, and the limited disclosure requirements for local SOEs, which prevent a complete assessment of the contingent liability risks that affect the city's capacity to provide support. The B3 rating primarily reflects the company's severe liquidity risk in next 6–12 months. It also reflects the Lanzhou city government's propensity to support Lanzhou Construction, based on its 100% ownership of the company, the company's status as the dominant LGFV that provides essential public services in the city, the company's weak debt management, and the contingent risks arising from the external guarantees it has provided to other companies. Lanzhou Construction's rating also considers the following environmental, social and governance (ESG) factors. The company bears high social risks as it implements public-policy initiatives by building public infrastructure in Lanzhou. Demographic changes, public awareness and social priorities shape the company's development targets and ultimately affect the Lanzhou city government's propensity to support the company. As for governance considerations, Lanzhou Construction is subject to oversight by the Lanzhou city government and has to meet several reporting requirements, reflecting its public-policy role and status as a government-owned entity. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could downgrade the rating if Lanzhou Construction fails to receive sufficient support from the government or other solid financing arrangements to meet its refinancing needs. The rating could also be downgraded if the Lanzhou city government's propensity to support weakens because of changes in Lanzhou Construction's characteristics, such as (1) a decline in the company's position as the dominant public service provider in Lanzhou city; (2) a substantial expansion of its commercial activities at the cost of its public service functionalities, which changes its core business, or substantial losses by its commercial businesses; or (3) a rapid increase in its debt and leverage, with fewer corresponding government payments. Given that Lanzhou Construction's rating is based on the Lanzhou city government's GCS score, Moody's could downgrade the rating if (1) China's sovereign rating is downgraded, or (2) the Lanzhou city government's capacity to support weakens, which could arise from a material worsening of the city government's economic or financial profile or its ability to coordinate timely support. Changes in the Chinese government's policies that prohibit regional and local governments from supporting their LGFVs will also affect the rating. An upgrade of the ratings is unlikely, given the negative outlook. However, Moody's could revise the outlook to stable if Lanzhou Construction alleviates its high liquidity pressure and strengthens its funding access. The principal methodology used in these ratings was Local Government Financing Vehicles in China Methodology published in April 2022. Established in 2016, Lanzhou Construction Investment (Holding) Group Co., Ltd. is 100% owned by the Lanzhou State-owned Asset Supervision and Administration Commission through a parent intermediary, Lanzhou Investment (Holdings) Group Co., Ltd. The company mainly engages in urban infrastructure construction, shantytown redevelopment, utilities, public services and transportation in Lanzhou city. TD HOLDINGS: Posts $1.6 Million Net Income in First Quarter ----------------------------------------------------------- TD Holdings, Inc. filed with the Securities and Exchange Commission its Quarterly Report on Form 10-Q disclosing net income of $1.59 million on $48.16 million of total revenue for the three months ended March 31, 2022, compared to a net loss of $1.54 million on $29.58 million of total revenue for the three months ended March 31, 2021. As of March 31, 2022, the Company had $279.13 million in total assets, $33.48 million in total liabilities, and $245.65 million in total equity. The Company has financed its operations primarily through shareholder contributions, cash flow from operations, borrowings from third parties and related parties, and equity financing through private placement and public offerings. As reflected in the accompanying unaudited consolidated financial statements, for the three months ended March 31, 2022, the Company reported cash inflows of $3,752,768 from operating activities. As of March 31, 2022, the Company has positive working capital of approximately $158 million. During the three months ended March 31, 2022, the Company entered into additional private placement agreements with certain private investors and issued 65,000,000 shares of common stock at $0.7 per share for $45,500,000. The Company expects to use the proceeds from the equity financing as working capital to expand its commodity trading business. Based on the foregoing capital market activities, the management believes that the Company will continue as a going concern in the following 12 months. A full-text copy of the Form 10-Q is available for free at: https://www.sec.gov/ix?doc=/Archives/edgar/data/1556266/000121390022026155/f10q0322_tdholdings.htm About TD Holdings TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. For more information, please visit http://ir.tdglg.com TD Holdings reported a net loss of $940,357 for the year ended Dec. 31, 2021, a net loss of $5.95 million for the year ended Dec. 31, 2020, and a net loss of $6.94 million for the year ended Dec. 31, 2019. As of Dec. 31, 2021, the Company had $227.44 million in total assets, $31.56 million in total liabilities, and $195.87 million in total equity. ZHONGRONG INT'L: S&P Alters Outlook to Neg, Affirms 'BB-/B' ICRs ---------------------------------------------------------------- S&P Global Ratings revised the outlook on Zhongrong International Holdings Ltd. (ZRH) to negative from stable. At the same time, S&P affirmed its 'BB-' long-term and 'B' short-term issuer credit ratings on the company. S&P also affirmed the 'B' short-term issue rating on the senior unsecured notes that the Hong Kong-based finance company guarantees. S&P revised the outlook on ZRH to negative to reflect the company's heightened investment risk, persistently weak liquidity, and slow development of the asset management business. Growth in ZRH's asset management business underpins S&P's assessment of the company's strategic link with its mainland parent Zhongrong International Trust Co. Ltd. and group support, which results in a rating uplift. However, the size of the company's assets under management modestly declined over 2021 and asset management fees were a small proportion of income as at end-2021. The planned business transitions are slower than it expected. S&P continues to view ZRH as a finance company with its main business in investments, predominately other fixed income products and loans. It expects worsened market conditions to add to the company's investment risk. Rising interest rates also continue to put pressure on ZRH's overall performance. This is because the company's funding costs could heighten, and longer dated assets could be repriced at a lag or be renegotiated at a lower margin. In addition, higher interest rates could hurt the credit risk and valuation of ZRH's bond investments. ZRH's liquidity risk profile remains delicately balanced. S&P's assessment is underpinned by the recurring nature of the company's lumpy refinancing. The company made timely repayments of its bond due on May 20, using available cash. It also retains sufficient cash to meet its US$81.7 million 364-day notes due in November 2022. ZRH's US$260 million bank borrowings are backed by its onshore parent's deposit collaterals and the limit has recently increased to US$260 million from US$200 million. Possible future bond issuances would take ZRH's leverage back to levels before the latest repayment. S&P expects the company's leverage (debt-to-adjusted total equity ratio) to remain 4.51x-6.5x and its stable funding ratio to be 84% as of end-2022. The negative outlook reflects the possibility that ZRH's strategic link with its parent will weaken further and the company's heightened investment risk. S&P sees a one-in-three chance of a downgrade over the next 12 months. Both the company's strategic importance to the group and its stand-alone credit profile (SACP) could deteriorate over the next 12 months. S&P could downgrade ZRH by up to two notches if the company's importance to the group weakens to a level that we assess as moderately strategically important. This could happen if: -- ZRH's business profile remains investment-driven instead of being anchored on asset management; or -- Timely liquidity and capital support from the parent becomes less likely or insufficient because of rising investment risks without offsetting improvements in ZRH's stand-alone creditworthiness. S&P may also downgrade ZRH if it believes the company's liquidity, after considering any contingency arrangements and proceeds from investment securities sales, makes it vulnerable to nonpayment of its obligations within the next 12 months. While this scenario is more remote, such a downgrade would be at least three notches. S&P could revise the outlook to stable if: -- ZRH transitions its business toward developing its asset management franchise and increasing synergies with its parent under such a business model; -- The company's investment risks subside, and it has commensurate capitalization and generates steady internal profit. ZRH's lumpy liquidity needs are well captured in forward looking plans and resources are sufficiently prepared in advance. Adequate and more diversified refinancing options, debt maturities, and robust contingency arrangements could indicate such preparation. ZHONGRONG INT'L: S&P Rates USD200MM 364-Day Notes 'B' ----------------------------------------------------- S&P Global Ratings assigned its 'B' local currency short-term issue rating to the US$200 million 364-day notes that Zhongrong International Bond 2022 Ltd. has issued. Zhongrong International Holdings Ltd. (ZRH: BB-/Negative/B) will guarantee the notes. S&P equalizes the issue rating on the notes with the short-term issuer credit rating on ZRH. This reflects its view that the guarantee is irrevocable, unconditional, and timely, and therefore qualifies for rating substitution. This assessment is subject to our review of the final documentation. S&P considers ZRH as a strategically important subsidiary of its China-based parent Zhongrong International Trust Co. Ltd. (Zhongrong Trust: BB+/Stable/B). S&P notes that, during the tenor of the notes, the issuer will be obliged to maintain a minimum balance equal to the aggregate interest payable on the notes for one interest period (semiannual). The guarantor also needs to maintain equity attributable to owners of at least Chinese renminbi 10 million. ========= I N D I A ========= ADITYA HOTELS: CARE Keeps D Debt Rating in Not Cooperating ---------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Aditya Hotels And Hospitalities Private Limited (AHHPL) continues to remain in the 'Issuer Not Cooperating ' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 11.16 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 24, 2021, placed the rating(s) of AHHPL under the 'issuer non-cooperating' category as AHHPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. AHHPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 10, 2022, January 20, 2022, January 30, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Satara (Maharashtra) based, Aditya Hotels & Hospitalities Private Limited (AHHPL) was incorporated on December 26, 2016 and is currently being run by Mr. Shriram Krishan Surve, Mrs. Rutuja Shriram Surve and Mr. Akshay Shriram Surve. AHHPL has been set up with an aim to provide catering services (on marriage and other occasions) and lodging facilities along with restaurant. AHHPL has been operating its facility (hotel) in Satara, Maharashtra. The resort cum hotel has 42 A/C deluxe rooms, 1 banquet hall, 1 garden restaurant, 2 wedding halls and 2 conference halls. The commercial operations of fitness club commenced in June 2018 and hotel operations commenced in June 2019. BENCHMARK SUPPLY: Insolvency Resolution Process Case Summary ------------------------------------------------------------ Debtor: Benchmark Supply Chain Solutions Private Limited B-62 Vishrantika Society Sector-3, Plot No. 5A Dwarka, South West Delhi 110078 Insolvency Commencement Date: May 17, 2022 Court: National Company Law Tribunal, Bench II, New Delhi Estimated date of closure of insolvency resolution process: November 13, 2022 Insolvency professional: Ajay Goyal Interim Resolution Professional: Ajay Goyal 49, DDA Site No. 1 M Block, New Rajendra Nagar New Delhi National Capital Territory of Delhi 110060 E-mail: ajaygoyalca75@gmail.com cirp.benchamrk@gmail.com Last date for submission of claims: May 31, 2022 BHADRESHWAR VIDYUT: CARE Keeps D Debt Ratings in Not Cooperating ---------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Bhadreshwar Vidyut Private Limited [BVPL] continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 1,632.40 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Short Term Bank 430.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Issuer Rating - CARE D (Is); ISSUER NOT COOPERATING; Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated June 2, 2021, placed the rating(s) of BVPL under the 'issuer non-cooperating' category as BVPL had failed to provide information for monitoring of the rating. BVPL continues to be non-cooperative despite repeated requests for submission of information through e-mails dated April 18, 2022, April 28, 2022, and May 8, 2022. In line with the extant SEBI guidelines, CARE has reviewed the ratings on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders, and the public at large) are hence requested to exercise caution while using the above rating(s). The rating takes into account the delays in debt servicing. Detailed description of the key rating drivers At the time of previous rating done on June 2, 2021, the following were the rating weaknesses: Key Rating Weaknesses * Delays in debt servicing: The company has delays in debt serving as mentioned in the auditor's report. The company has been reporting losses in the last few years and in FY21, it has reported as net loss of INR693 Cr resulting in its strained liquidity position and debt servicing delays. Liquidity: Poor Poor liquidity marked by delays in debt servicing and y-o-y loss incurred by the company Bhadreshwar Vidyut Private Limited (erstwhile OPGS Power Gujarat Private Limited) is a coal based thermal power plant. It comprises of two units with a capacity of 150MW each at Kutch, Gujarat. First unit was commissioned in April 2015 and the second unit started operations in Jan 2016 and stabilized in June 2016. DWARAKA TIRUMALA: CARE Keeps B- Debt Rating in Not Cooperating -------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Dwaraka Tirumala Traders (DTT) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 14.00 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 26, 2021, placed the rating(s) of DTT under the 'issuer non-cooperating' category as DTT had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. DTT continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 12, 2022, January 22, 2022, February 1, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Dwaraka Tirumala Traders (DTT) is a Guntur (Andhra Pradesh) based firm, which was established in 1999 by Mr. K. Madhusudhana Rao. The firm is engaged in trading of cotton lint. The firm purchases cotton lint from the cotton dealers located in Andhra Pradesh, Telangana and Maharastra and sells cotton lint to cotton ginners, traders and exporters located in Andhra Pradesh, Tamil Nadu, Kolkata and Gujarat. The firm is into the business of cotton ginning and pressing till 2017. Later in July 2017 the firm changed its business operations from cotton ginning and pressing to cotton lint trading. GOEL JEWELERY: Insolvency Resolution Process Case Summary --------------------------------------------------------- Debtor: M/s Goel Jewelery & Mart Private Limited 2204 Gurdwara Road New Delhi DL 110005 IN Insolvency Commencement Date: May 13, 2022 Court: National Company Law Tribunal, New Delhi Court No. IV Bench Estimated date of closure of insolvency resolution process: November 8, 2022 Insolvency professional: Mukesh Gupta Interim Resolution Professional: Mukesh Gupta F-1, Milap Nagar Uttam Nagar New Delhi 110059 E-mail: camukeship@rediffmail.com cirp.gimpl@gmail.com Last date for submission of claims: May 27, 2022 ISHIKA PACKAGING: CARE Keeps B- Debt Rating in Not Cooperating -------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Ishika Packaging Private Limited (IPPL) continues to remain in the 'Issuer Not Cooperating ' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 8.46 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 19, 2021, placed the rating(s) of IPPL under the 'issuer non-cooperating' category as IPPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. IPPL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 5, 2022, January 15, 2022, January 25, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Incorporated on November 27, 2015, Ishika Packaging Private Limited (IPPL) was promoted by Mr. Amit Kumar Sanei and Mrs. Payal Sanei based out of West Bengal for setting up a manufacturing unit for packaging materials. The company started its commercial operations from November 2016 onwards. The company is engaged in manufacturing of corrugated paper boxes with an aggregate installed capacity of 24,000 metric tons per annum (MTPA) at its plant located in Burdwan district of West Bengal. JSW STEEL: Fitch Raises Issuer Default Rating to BB, Outlook Stable ------------------------------------------------------------------- Fitch Ratings has upgraded India-based JSW Steel Limited's (JSWS) Issuer Default Rating (IDR) to 'BB' from 'BB-'. The Outlook is Stable. The agency has also upgraded the rating on the outstanding bonds of JSWS and its subsidiary Periama Holdings, LLC, which are guaranteed by JSWS, to 'BB' from 'BB-'. The upgrade is based on our expectations of a significant reduction in JSWS' leverage, due to a jump in EBITDA in the financial year ended March 2022 (FY22). We estimate JSWS' gross debt/EBITDA to have declined to below 2.5x in FY22, from 4.4x in FY21, driven by a doubling of EBITDA. JSWS benefitted in FY22 from high unit EBITDA margin, which was driven by wider industry trends and robust volume growth on capacity addition. Fitch expects industry margins to decline and JSWS' capex to pick up from FY23, causing an increase in leverage. Nonetheless, we estimate total debt/EBITDA will remain below 3.0x over the next three years. Our forecast implies that JSWS will maintain leverage well within its own revised target of 2.75x net debt/EBITDA, and we see some risk to our estimate from higher-than-expected spending on capacity growth. However, there is headroom in the company's leverage profile to remain consistent with its rating, and this underpins our Stable Outlook. KEY RATING DRIVERS High 9M Margins, Not Sustainable: JSWS' EBITDA margin for standalone operations, which accounted for over 80% of consolidated EBITDA in 9MFY22, was around INR21,900/tonne, compared with the average of around IN10,100/tonne over FY18-FY21. JSWS' strong performance was driven by industry-wide high steel prices due to healthy demand and limited supply. However, we expect industry margins to have narrowed from 4QFY22, due to the jump in the price of coking coal, a key raw material, in the short term, and a more balanced demand and supply over the long term. We assume JSWS' EBITDA margin will decline by FY24 to a level close to the FY18-FY21 average. Volume to Rise Robustly: Fitch expects JSWS's standalone sales volumes to have risen by over 10% in FY22, helped by the addition of 5 million tonnes per annum (mtpa) of capacity at its Dolvi plant in India and healthy steel demand in the country. Steelmakers have raised prices since 4QFY22 to pass on higher coking-coal costs, and we think this will have a limited impact on demand. Fitch expects JSWS' sales volume to rise by 10% in FY23, driven by robust GDP growth of 8.5% in India and higher exports, and an improvement in volume growth in FY24. Turnaround at US Assets: JSWS's overseas operations mainly comprise a plate and pipe mill in Baytown and a flat steelmaking facility in Mingo Junction in the US. The US assets generated around USD160 million of EBITDA in 9MFY22, after being unprofitable in FY20 and FY21. JSWS restarted operations in 4QFY21 following an equipment upgrade and the facilities are now vertically integrated as Mingo Junction supplies slabs to Baytown. The company is further modernising the Baytown plant and expects the project to be completed by FY23. Cost-Efficient Operations: JSWS' Indian operations benefit from high yields and low labour costs. Its key plants at Vijayanagar (capacity of 12 mtpa) and Dolvi (10mtpa), along with the recently acquired plant in Odisha (2.75mtpa), are in the first quartile of research group CRU's crude steel site cost curve for 2022. The robust cost positions of these assets result in JSWS' overall weighted-average cost position being in the first half of the global cost curve, despite higher costs associated with manufacturing units in US and Italy. Limited Raw-Material Production Benefit: JSWS does not produce coking coal. The company produces over 2 million tonnes of iron ore per month from its mines in Odisha and Karnataka states in India and volume from its mines constituted 47% of JSWS's total iron ore consumption in 3QFY22. JSWS's captive iron ore operations result in improved supply certainty and lower logistics costs. However, the cost of production for JSWS' mines, including royalties, is close to Indian benchmark prices due to the royalty structure that links it to domestic iron ore prices. Increase in Capex Likely: Fitch expects JSWS' capex to rise from FY23 to add capacity in India, invest in mining equipment and facilities in Odisha, and undertake phase 2 of the modernisation of the Baytown mill and certain efficiency-improvement projects. By FY24, JSWS aims to add 5mtpa through a new blast furnace and 1mtpa via debottlenecking at its Vijayanagar plant, and around 2mtpa in Odisha. Capex is likely to remain high beyond FY24, driven by expanding steelmaking capacity, which may include greenfield projects, and investment in downstream facilities for value-added steel products. Steady Leverage, Neutral FCF: Fitch estimates JSWS's total debt to EBITDA leverage will average around 2.6x over FY23-FY25, increasing from FY22 due to lower EBITDA. We expect EBITDA to be weaker than the record FY22 level due to lower unit margin, despite volume growth. Fitch also estimates a largely neutral free cash flow (FCF) profile over FY23-FY25, with robust operating cash flows being offset by increased capex and dividends. DERIVATION SUMMARY The ratings on Tata Steel Limited (TSL, BB+/Positive), JSWS' close Indian peer, incorporate a one-notch uplift from its Standalone Credit Profile (SCP) of 'bb' due to potential support from Tata Group. TSL's SCP factors in robust operations in India, which have better vertical integration and a higher EBITDA margin than that of JSWS, counterbalanced by significant exposure to structural weaknesses of higher costs and weak demand growth in Europe. We estimate that TSL's gross debt/EBITDA leverage in FY22 was lower than JSWS', at below 1.5x, and is likely to remain below 2.5x over the next three years despite a pick-up in capex for capacity addition. The likelihood of a better leverage profile than JSWS underpins our Positive Outlook on TSL. JSWS is rated lower than ArcelorMittal S.A. (AM, BBB-/Stable). AM's business profile is stronger as it is the world's most diversified steel producer by product type, industrial application and geography. AM is the world's second-largest steel producer and benefits from vertical integration into iron ore. It also has a strong product mix with a significant share of high value-added products. Fitch also expects AM's leverage and coverage metrics to be stronger than that of JSWS. JSWS is rated higher than United States Steel Corporation (US Steel, BB-/Positive), which is the second-largest North American flat-rolled sheet producer, one of the largest producers of tubular goods in the U.S. and one of the largest integrated flat-rolled producers in Central Europe. Fitch expects US Steel's leverage and coverage metrics to be stronger than those of JSWS. However, US Steel's EBITDA leverage and margins have been volatile and the company suffered an EBITDA loss in 2020. This indicates higher operating costs and a weaker business profile compared with JSWS. KEY ASSUMPTIONS Fitch's Key Assumptions Within Its Rating Case for the Issuer: -- Standalone sales volume to increase by CAGR of 11% over FY23- FY25; -- Annual standalone EBITDA per tonne of around INR11,700 in FY23 and INR10,500 in FY24 and FY25; -- Annual EBITDA contribution from subsidiaries of INR90 billion on average over FY23-FY25; -- Average annual consolidated capex of around INR200 billion over FY23-FY25; -- Average annual dividend outflow of INR25 billion over FY23- FY25. RATING SENSITIVITIES Factors that could, individually or collectively, lead to positive rating action/upgrade: -- Total debt to EBITDA leverage below 2.5x for a sustained period; -- Sustained neutral to positive FCF. Factors that could, individually or collectively, lead to negative rating action/downgrade: -- Total debt to EBITDA leverage above 3.5x for a sustained period. 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 Manageable Liquidity: JSWS reported consolidated cash and cash equivalents of INR114 billion as of 31 December 2021. It had short-term working capital debt and acceptances of around INR140 billion and long-term debt maturities (including long-term customer advances) of around INR125 billion and INR170 billion in FY23 and FY24, respectively. Fitch expects JSWS to roll over its short-term debt and acceptances, as is usually the case, supported by its healthy business profile and industry conditions. Fitch expects JSWS to rely on refinancing for a portion of its long-term debt maturities over the next three years, but the company should be able to meet its repayment obligations by cutting discretionary capex and by using cash freed from the drawdown of available capex and working-capital facilities, should market conditions hinder refinancing efforts. JSWS had an undrawn capex facility of around INR70 billion and fund- and non-fund-based facilities of around INR100 billion as of 31 December 2021, while we estimate its annual maintenance capex requirements to be around INR30 billion. ISSUER PROFILE JSWS is the leading steelmaker in India, with steelmaking capacity of 26 mtpa across four plants in the country, excluding partly held JSW Ispat Special Products Limited's capacity, and a flat-products focused portfolio. The company also has smaller assets in the US and Italy. SUMMARY OF FINANCIAL ADJUSTMENTS Material Financial Adjustments Include: -- To account for the extension in trade payable days caused by the use of acceptances, 60% of the total outstanding acceptance amount (FY21: INR50.3 billion) is treated as debt and deducted from trade payables. Short-term acceptances related to capital projects (FY21: INR43.8 billion) have been treated as debt, similar to JSWS' treatment of long-term acceptances as debt, as there is no material difference in characteristics, expect duration and interest rate; -- Outstanding payment (FY21: INR30.4 billion) by Duferco S.A. under a five-year advance payment and supply agreement for supply of steel products has been treated as debt; -- Unamortised upfront fees on borrowing (FY21: INR3.8 billion) have been added back to debt; -- EBITDA has been adjusted for a) one-time disputed claims settlement income (FY21: INR2.6 billion), b) forex gains (FY21: INR1.0 billion), c) depreciation of right of use assets (FY21: INR2.9 billion), d) export obligation deferred income amortisation (FY21: 2.4 billion), and e) interest on lease liabilities (FY21: INR2.4 billion); -- The increase in short-term capital acceptances has been treated as capex (FY21: INR16.7 billion); -- Guarantees (FY21: INR108.5 billion) have been treated as off- balance sheet debt. 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. MICRO INFOSOLUTIONS: CARE Lowers Rating on INR8.64cr Loan to B+ --------------------------------------------------------------- CARE Ratings has revised the ratings on certain bank facilities of Micro Infosolutions Private Limited (MIPL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 8.64 CARE B+; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE BB-; Stable Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 19, 2021, placed the rating(s) of MIPL under the 'issuer non-cooperating' category as MIPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. MIPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/ email dated January 5, 2022, January 15, 2022, January 25, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of MIPL have been revised on account of non-availability of requisite information. The ratings further consider decline in scale of operations and detoriated capital structure during FY20 and 21 over FY19. Micro Infosolutions Private Limited was established on March 15, 2010 with an objective to trade in computer peripherals and laptops. The registered office of the entity is located on the 3rd Floor, ELIXIR Building, Sethia Compound 5, Main Road Ranchi Jharkhand - 834001. The entity deals in various types of computer peripherals and laptops in wholesale and retail basis. Most of their revenue is generated from wholesale business. They have a regional distributorship of Hewlett-Packard (H.P). Due to large supplier base they have uninterrupted 3 CARE Ratings Limited Rationale - Press Release supply of traded products. The day-to-day activities of the company are managed by Mr. Sushil Kumar (Director) along with some experienced persons. PARMESHWARI TEA: CARE Lowers Rating on INR5.55cr LT Loan to B ------------------------------------------------------------- CARE Ratings has revised the ratings on certain bank facilities of Parmeshwari Tea Company (PTC), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 5.55 CARE B; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B+; Stable Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 18, 2021, placed the rating(s) of PTC under the 'issuer non-cooperating' category as PTC had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. PTC continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 4, 2022, January 14, 2022, January 24, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of PTC have been revised on account of non-availability of requisite information. Parmeshwari Tea Company (PTC) was established in 2002 as a partnership entity by Dhandharia family of Golaghat, Assam for cultivating and manufacturing black tea. Over the years, the firm has increased its tea processing capacity, in phases from 5.0 lakhs kg p.a. to 25.0 lakhs kg p.a. of Black Tea. PTC presently owns one manufacturing facility located at Karbi Anglong district of Assam, which processes the green leaves purchased by them from gardens in nearby area. Tea is sold through brokers and auctions. SAMARTH DAIRY: CARE Keeps B Debt Rating in Not Cooperating ---------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Samarth Dairy and Agro Products Private Limited (SDAPPL) continues to remain in the 'Issuer Not Cooperating ' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 5.07 CARE B; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 18, 2021, placed the rating(s) of SDAPPL under the 'issuer non-cooperating' category as SDAPPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SDAPPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 4, 2022, January 14, 2022, January 24, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which, however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). SDAPPL is a Belgaum (Karnataka) based, Private Limited Company and was incorporated in the year 2012. SDPL is engaged in the business of processing of milk and milk-based products viz. flavored milk, paneer, butter, ghee, curd and lassi and others facilities located at Belgaum, Karnataka. SINTEX INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating -------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Sintex Industries Limited (SIL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Non-Convertible 500.00 CARE D; ISSUER NOT COOPERATING Debenture (NCD) Rating continues to remain Issue under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Limited (CARE) had, vide its press release dated January 4, 2018, placed the rating of SIL under the 'issuer not cooperating' category as SIL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. CARE had further reviewed the rating on the above NCD issue of SIL under the 'issuer noncooperating' category vide its press release dated May 17, 2018, July 26, 2018, May 29, 2019, June 10, 2019, June 12, 2019, June 11, 2020, and May 18, 2021. SIL continues to be non-cooperative despite repeated requests for submission of information through e-mails dated April 3, 2022, April 13, 2022 and April 23, 2022. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which, however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The rating of the NCD issue of SIL continues to be constrained due to ongoing delay/ default in debt servicing arising out of its stressed liquidity. Detailed description of the key rating drivers At the time of last rating on May 18, 2021, the following was the rating weakness (updated for the information available from stock exchange): Key Rating Weakness * Continuing delay/default in debt servicing obligation: As per the published quarterly results of the SIL for the period ended December 31, 2021, the company has delayed payment of interest/repayment of principal amount on loan from banks/ financial institutions as on December 31, 2021. Further, as per SIL's submission to the stock exchange on April 1, 2022, the company has defaulted on repayment of its NCD issues (ISIN - INE429C07040, INE429C07057, INE429C07065) as on March 31, 2022. The above-mentioned delay/ default in debt servicing indicates stress on SIL's liquidity arising from its weak operational and financial performance during FY21 (FY; refers to period April 1 to March 31) and 9MFY22. The company reported a net loss and cash loss in FY21 and 9MFY22. Further, the National Company Law Tribunal (NCLT), Ahmedabad Bench vide order dated April 6, 2021, has initiated Corporate Insolvency and Resolution Process (CIRP) against SIL u/s 7 of the Insolvency and Bankruptcy Code, 2016 and has also appointed an Interim Resolution Professional. Resolution plan submitted by Reliance Industries Limited (RIL; rated: CARE AAA; Stable/CARE A1+) jointly with Assets Care & Reconstruction Enterprise Limited has been duly approved by the Committee of Creditors (CoC) members on March 19, 2022. NCLT hearing is scheduled on May 30, 2022 for considering/reviewing the Resolution Plan. Analytical approach: Consolidated; while assessing the credit risk profile of SIL, CARE has considered the consolidated financials of SIL which also includes its wholly-owned subsidiary, BVM Overseas Limited (engaged in trading of cotton yarn). Incorporated in 1931, SIL commenced its operations with its textile mill at Kalol in Gujarat and diversified into manufacturing of water storage tanks in 1975. Previously, till FY16 (refers to the period April 1 to March 31), SIL had three business segments i.e. Textile, Plastic and Infrastructure. However, under the composite scheme of arrangement amongst various Sintex group companies, SIL had demerged its Plastic and Infrastructure business with effect from April 1, 2016 and continued with textile business. Currently, SIL manufactures and processes highend structured dyed yarn fabric and cotton yarn. In April 2016, SIL commissioned a green field project of cotton yarn manufacturing at Amreli, Saurashtra by installing 306,432 spindles (Phase – I) having an installed capacity to produce 62,500 Metric Tonne Per Annum (MTPA) of cotton yarn. Further, SIL also commissioned Phase – II of the cotton yarn project with another 306,432 spindles during FY18. As per last available information, SIL was also undertaking capex of 1,52,000 spindles towards linen, melange, silk, wool and other value-added yarns which was expected to be commissioned by H1FY20. SINTEX PREFAB: CARE Keeps D Debt Rating in Not Cooperating ---------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Sintex Prefab and Infra Limited (Sintex-Prefab) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 50.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Non-Convertible 21.67 CARE D; ISSUER NOT COOPERATING Debentures-I Rating continues to remain (ISIN- under ISSUER NOT COOPERATING INE972T07019) category Non-Convertible 86.50 CARE D; ISSUER NOT COOPERATING Debentures - II Rating continues to remain (ISIN- under ISSUER NOT COOPERATING INE972T07043) category Non-Convertible 250.00 CARE D; ISSUER NOT COOPERATING Debentures - III Rating continues to remain (ISIN- under ISSUER NOT COOPERATING INE972T07035) category Detailed Rationale & Key Rating Drivers CARE Ratings Limited (CARE) had, vide its press release dated August 12, 2019, placed the ratings of Sintex-Prefab under the 'issuer not-cooperating' category as Sintex-Prefab had failed to provide information for monitoring of the ratings. CARE had further reviewed the ratings of Sintex-Prefab under the 'issuer non-cooperating' category vide its press release dated September 12, 2019, July 23, 2020, and May 18, 2021. Sintex-Prefab continues to be noncooperative despite repeated requests for submission of information through e-mails dated April 3, 2022, April 13, 2022 and April 23, 2022. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which, however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings of the bank facilities and instruments of Sintex-Prefab continues to be constrained due to ongoing delay and defaults in debt servicing arising out of its stressed liquidity. Detailed description of the key rating drivers At the time of last rating on May 18, 2021 the following was the rating weakness (updated for the information available from stock exchange, its parent company's website etc.): Key Rating Weakness * Continuing delay and defaults in debt servicing obligation: As per the published quarterly results of the Sintex Plastic Technology Limited (SPTL; parent company of Sintex-Prefab) for the period ended December 31, 2021 mentioned that Sintex-Prefab, a subsidiary company of SPTL, is under the corporate insolvency resolution process and there are defaults with the lenders as on December 31, 2021. Further, as per the company's declaration to stock exchanges, the company has defaulted on interest payment on NCD issue (ISIN: INE972T07043) due on September 30, 2021. The above-mentioned delay/default in debt servicing indicates stress on Sintex-Prefab's liquidity arising from its weak operational and financial performance. As per the stock exchange filling dated March 5, 2021, interim resolution professional on behalf of company announced that Honourable National Company Law Tribunal (NCLT) Ahmedabad bench has ordered Corporate Insolvency Resolution process vide its order dated February 24, 2021. Further, as per the recent announcement on stock exchange, the company has informed that 'the resolution plan submitted by M/s True Guard Realcon Private Limited has been duly approved by Committee of Creditor (CoC) of Sintex-Prefab on April 8, 2022. However, the final approval of the NCLT is awaited. Analytical approach: Standalone Sintex-Prefab is a wholly owned subsidiary of SPTL and generates its revenue and cash flows from its prefabricated business, monolithic construction and execution of infrastructure projects. None of the debt raised by Sintex-Prefab is with recourse to SPTL and hence, a standalone approach has been considered for analysis. Incorporated in November 2009, as Sintex Infra Projects Limited (SIPL), the name of the company was changed to SintexPrefab in March 2017. Sintex-Prefab was initially promoted by Sintex Industries Limited [SIL; rated: CARE D; Issuer not cooperating], however, under the composite scheme of arrangement, SIL has divested its holdings in Sintex-Prefab to SPTL with effect from April 1, 2016. Sintex-Prefab is engaged in the execution of infrastructure projects such as affordable housing with monolithic construction, various centre and state sponsored infrastructure projects and power projects. Moreover, under the demerger scheme of arrangement within the Sintex group, SIL has transferred its monolithic construction business and prefabricated business to Sintex-Prefab. However, Sintex-Prefab decided to discontinue its monolithic construction business from FY18 except the completion of on-going orders. As on March 31, 2018, Sintex-Prefab has an installed capacity of 76,800 Metric Tonnes (MT) per annum of prefabricated structure manufacturing located at Kalol near Ahmedabad, Bhachau (Kutch) and Daman. SINTEX-BAPL LIMITED: CARE Keeps D Debt Ratings in Not Cooperating ----------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Sintex-BAPL Limited (SintexBAPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 810.68 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Short Term Bank 250.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Non-Convertible 200.00 CARE D; ISSUER NOT COOPERATING Debentures Rating continues to remain (NCD; ISIN: under ISSUER NOT COOPERATING INE631U07019) category Detailed Rationale & Key Rating Drivers CARE Rating Limited (CARE) had, vide its press release dated May 10, 2019, placed the ratings of SintexBAPL under the 'issuer not-cooperating' category as Sintex-BAPL had failed to provide information for monitoring of the ratings. CARE had further reviewed the ratings of Sintex-BAPL under the 'issuer non-cooperating' category vide its press release dated June 17, 2019, August 19, 2019, August 29, 2019, July 23, 2020, and May 18, 2021. Sintex-BAPL continues to be noncooperative despite repeated requests for submission of information through e-mails dated April 3, 2022, April 13, 2022, and April 23, 2022. In line with the extant SEBI guidelines, CARE has reviewed the ratings on the basis of the best available information which, however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating. The ratings of the bank facilities and NCD issue of Sintex-BAPL continues to be constrained due to on-going delay/ defaults in debt servicing arising out of its stress liquidity. Detailed description of the key rating drivers At the time of last rating on May 18, 2021 the following was the rating weakness (updated for the information available from stock exchange and company's website etc.): Key Rating Weakness * Continuing delay/default in debt servicing obligation: As per the stock exchange filling dated April 11, 2022, the company has informed that, it has defaulted on interest payments of NCD (ISIN: INE631U07019) due on February 28, 2022. Further, the auditor, in its limited review report for un-audited standalone financial for the period ended December 31, 2021, has mentioned that there are defaults in interest payments towards the listed NCDs as well as non-listed NCDs. Furthermore, the auditor also mentioned that the company has defaulted in repayments due to lenders in respect of its borrowings, as a result of which the account with these lenders have continued as Non-Performing Assets (NPA). Moreover, as per the stock exchange filling dated December 26, 2020, the company has informed that “the petition for initiation of Corporate Insolvency Resolution Process under Section 9 of the insolvency and Bankruptcy Code, 2016 filed by operational creditor has been admitted against the Company vide Hon'ble National Company Law Tribunal (NCLT), Ahmedabad bench order dated December 28, 2020 and the Hon'ble NCLT has also appointed Interim Resolution Professional under section 13(1)(c) of the insolvency and Bankruptcy Code, 2016." Furthermore, as per the stock exchange filling dated August 2, 2021, the company has informed that "the petition for initiation of Corporate Insolvency Resolution Process under Section 7 of the insolvency and Bankruptcy Code, 2016 filed by financial creditor has been admitted against the Company vide Hon'ble NCLT, Ahmedabad bench order dated July 19, 2021 and the Hon'ble NCLT has also appointed Mr. Ashish Chhawchharia as Interim Resolution Professional (IRP) under section 13(1)(c) of the insolvency and Bankruptcy Code, 2016 in addition to current IRP of Mr. Ketulbhai Ramubhai Patel." Analytical approach: Consolidated; while assessing the credit risk profile of the company, CARE has considered the consolidated financials of Sintex-BAPL. List of entities considered for consolidated analysis is as per annexure 3. Originally incorporated in December 2007 as Bright Autoplast Private Limited, the name of the company was changed to SintexBAPL in September 2015. Subsequent to incorporation, Sintex-BAPL acquired automotive business of Bright Brothers Limited which was engaged in automotive business since 1975. Sintex-BAPL was earlier a wholly owned subsidiary of Sintex Industries Limited (SIL; CARE D; Issuer not cooperating). However, under the composite scheme of arrangement amongst various Sintex group companies, SIL divested its 100% ownership to Sintex Plastics Technology Limited (SPTL). Sintex-BAPL is engaged in manufacturing of various engineering plastic components for automobile Original Equipment Manufacturers (OEMs), tier-I auto ancillaries and electrical goods manufacturers in the domestic market. Moreover, subsequent to the transfer of custom moulding business (both domestic and overseas), the product portfolio of Sintex-BAPL has expanded significantly. Presently, SintexBAPL's portfolio includes various kinds of moulded plastic-based products like water tanks, sheet-moulding casting (SMC), industrial products, doors, section and interiors, power transmission & distribution accessories, FRP storage tanks and automobile and electrical components. The company has its manufacturing facilities located at 12 places across India with an aggregate installed capacity of 84,800 Metric Tons Per Annum (MTPA) as on March 31, 2018. During FY20, the company sold entire equity holding in its step-down wholly owned subsidiary i.e. Sintex-NP SAS, France at a consideration of Euro 155 million. SITA RAM: CARE Lowers Rating on INR6.12cr LT Loan to B- ------------------------------------------------------- CARE Ratings has revised the ratings on certain bank facilities of Sita Ram Rice Mills (SRRM), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 6.12 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B; Stable Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 23, 2021, placed the rating(s) of SRRM under the 'issuer non-cooperating' category as SRRM had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SRRM continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 9, 2022, January 19, 2022, January 29, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of SRRM have been revised on account of non-availability of requisite information. Nissing-based (Haryana) Sita Ram Rice Mills (SRRM) was established as partnership concern in 1992. The firm is currently being managed by Mr Deva Ram, Mr Rajesh Kumar and Mr Vinod Kumar sharing profit and losses equally. SRRM is engaged in processing of paddy and milling of rice at its manufacturing facility located at Nissing, Haryana. The firm procures the raw material (unprocessed rice/de-husked paddy) from grain markets mainly located in Haryana and Uttar Pradesh through commission agents and sells its product to export houses located in Punjab, Haryana and Delhi. Sita Ram Deva Ram and Deva Ram Rajesh Kumar are proprietorship firms (group concerns) and act as commission agents for agro commodities in Nissing, Haryana. TABLEZ RETAIL: CARE Lowers Rating on INR27.59cr LT Loan to D ------------------------------------------------------------ CARE Ratings has revised the ratings on certain bank facilities of Tablez Retail Private Limited (TR), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 27.59 CARE D Revised from CARE BB+; Facilities Stable Detailed Rationale & Key Rating Drivers The revision in the rating assigned to the bank facilities of TR factors in the delays in debt servicing which fell due on April 30, 2022 which was reported by the company in No Default Statement (NDS) submitted by the entity on May 9, 2022. Company had been receiving funding support from parent on monthly basis to fund operational losses as well for debt servicing. Due to delay in receipt of such support, delays are reported in debt servicing. Rating Sensitivities Positive Factors - Factors that could lead to positive rating action/upgrade: * Delay free track record of operations for a continuous period of three months Detailed description of the key rating drivers Key Rating Weakness * Delays in debt servicing: Ongoing delays are observed in the "No default statement" dated May 9, 2022 in the debt servicing by the company which were due on April 30, 2022. Company being into retailing of fashion apparels, its operations were severely impacted amid Covid-19 and therefore is dependent upon timely fund infusion from parent for timely debt servicing. Due to delay in the receipt of fund infusion from the parent company, TR could not repay the debt in timely manner. Key Rating Strengths * Resourceful Promoters: The parent company Tablez Food Company(TFC) is a multi-brand retail arm of Lulu Group International. The shares of TFC are held by Mr. Adeeb Ahamed and Ms. Shafeena Yusuff Ali. The promoters have experience in the similar line of business and draw on the expertise of the larger Lulu group as well. The promoters have been infusing equity consistently in the past and are expected continue to support the operations of the companies. Liquidity: Poor Liquidity of the company was largely driven from its resourceful promoters. The operations of the company were severely impacted during the first and second wave of pandemic and the liquidity from the core operations is poor. Analytical approach: Combined Business and financial risk factors of the Tablez Retail Private Limited, Tablez and Toyz Private Limited and C S Creamery Private Limited have been combined as the companies are owned and managed by common promoters, engaged in retail business, and the collateral securities extended to the bank facilities are common to all the three companies a s per the sanction letter of lender. Kochi (Kerala) based, Tablez Retail Private Limited was ncorporated in 2016 and full owned subsidiary of Tablez Food Company Private Limited (TFC). TFC is promoted by Mr. Adeeb Ahamed and Ms. Safeena Yusuffali. The company holds master franchisee of Spanish company Grupo Cortefiel for two brands, Springfield – a youth-oriented casual fashion brand and Women's secret-an innerwear, swimwear and sleepwear brand. TARA TARINI: CARE Lowers Rating on INR9.60cr LT Loan to B --------------------------------------------------------- CARE Ratings has revised the ratings on certain bank facilities of Tara Tarini Construction Private Limited (TTCPL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 9.60 CARE B; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B+; Stable Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 18, 2021, placed the rating(s) of TTCPL under the 'issuer non-cooperating' category as TTCPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. TTCPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 4, 2022, January 14, 2022, January 24, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of TTCPL have been revised on account of non-availability of requisite information. The ratings also factored in significant decline in scale of operations, overall profitability, deteriorated capital structure and debt coverage indicators during FY20 as compared to FY19. Tara Tarini Construction Pvt Ltd (TTCPL) was incorporated during 2009 in Koraput, Odisha. TTCPL is a relatively small sized Odisha based company engaged in providing different types of civil construction services, which include land development, construction of roads, bridges and other constructions. The day to day operations are looked after by Mr. Swarajya Kumar Sahu, MD, along with other director and a team of experienced personnel. UNITY FABTEXT: CARE Keeps D Debt Ratings in Not Cooperating ----------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Unity Fabtext Industries Private Limited (UFIPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 9.40 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Short Term Bank 0.60 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 22, 2021, placed the rating(s) of UFIPL under the 'issuer non-cooperating' category as UFIPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. UFIPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 8, 2022, January 18, 2022, January 28, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The Unity Fabtext Industries Private Limited (UFIPL) was incorporated in 2012 by Mr. Jagdish Karande and Mrs. Laxmi Karande. UFIPL is engaged in manufacturing of non-woven products like Design Carpets, Headliners Fabric, Shoe Liner, Industrial Filters, Geo textiles, Synthetic leather backing and Dust collection bag filters. UFIPL has registered office in Mumbai and manufacturing unit in Mahad, Raigad. UNIVERSAL TUBE: CARE Keeps D Debt Rating in Not Cooperating ----------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Universal Tube Accessories Private Limited (UTAPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 13.49 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 18, 2021, placed the rating(s) of UTAPL under the 'issuer non-cooperating' category as UTAPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. UTAPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 4, 2022, January 14, 2022, January 24, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). UTAPL was incorporated in September 2011 for manufacturing of steel tools and accessories required in the oil and gas industry. The company is based in Pune (Maharashtra). The company's major product was mandrel bars and other products included thread protectors and helical anchors. V.R.K. ASSOCIATES: CARE Keeps D Debt Rating in Not Cooperating -------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of V.R.K. Associates Private Limited (VAPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 12.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 25, 2021, placed the rating(s) of VAPL under the 'issuer non-cooperating' category as VAPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VAPL continues to be noncooperative despite repeated requests for submission of information through email dated January 11, 2022, January 21, 2022, January 31, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Uttar Pradesh-based V.R.K. Associates Private limited is a private limited company and was incorporated in February 2001 and managed by Mr. Vijay Prakash, Mr. Vaibhav Gupta, Ms. Rashmi Kesarwani and Ms. Shanti Devi. The company is involved in various activities which include running a hotel in Sarnath, Uttar Pradesh by the name of "Buddha Resort", Indane Gas Agency business by the name "VRK Indane service" and a retail jewelry shop for the Gitanjali Group by the name "VRK Jewells". In November 2019, company has started a new Hotel ,Hotel Pinnacle Gate. VARAD FERTILISERS: CARE Keeps B- Debt Rating in Not Cooperating --------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Varad Fertilisers (VF) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 5.30 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 24, 2021, placed the rating(s) of VF under the 'issuer non-cooperating' category as VF had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VF continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 10, 2022, January 20, 2022, January 30, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). VF, based in Sangli, Maharashtra, was established in April 2009, as a partnership firm with four partners viz. Mr Venkatesh Puramwar, Mr Sudhakar Parsewar, Mr Sainath Parsewar and Mr Somnath Puramwar. VF is engaged in trading of fertilizers, seeds and pesticides. Along with trading activities, VF also provides warehousing and transport facilities. VARDEEP PETRO: CARE Lowers Rating on INR8.11cr LT Loan to C ----------------------------------------------------------- CARE Ratings has revised the ratings on certain bank facilities of Vardeep Petro Chemical Private Limited (VPCPL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 8.11 CARE C; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B- Short Term Bank 14.17 CARE A4; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 16, 2021, placed the rating(s) of VPCPL under the 'issuer non-cooperating' category as VPCPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VPCPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 2, 2022, January 12, 2022, January 22, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of VPCPL have been revised on account of non-availability of requisite information. Vardeep Petro Chemical Pvt Ltd (VPCPL) was incorporated on July 23, 2003 in the name of Vardeep Trade Links Private Limited by Mr. Deepu Babu Abraham who has a long-standing experience in trading of bitumen and bitumen emulsion. On September 25, 2015 Vardeep Trade Links Private Limited changed its name to VPCPL. The company is now managed by Mr. Deepu Babu Abraham and Mrs. Shaly Deepu Abraham. VPCPL trades bitumen in bulk and in barrels, with most of the sales are concentrated in barrels using 43 outlets spanning across Tamil Nadu, Karnataka, Assam and Orissa. VENKATA SAI: CARE Keeps B- Debt Rating in Not Cooperating --------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Sri Venkata Sai Rice Industries (SVSRI) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 6.36 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 23, 2021, placed the rating(s) of SVSRI under the 'issuer non-cooperating' category as SVSRI had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SVSRI continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 9, 2022, January 19, 2022, January 29, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Nalgonda (Telangana) based Sri Venkata Sai Rice Industries (SVSRI) was established in 2009 as Partnership Firm by Mr. S Krishna Reddy, Ms. S Veena, Mr. V Appa Rao, Ms. N Shilpa Reddy, Mr. S Bhadra Reddy, Ms. S Prameela, Ms. M Kalpana, Mr. M Abhisekhar Reddy and Ms. Rupa. In September 2017, the firm reconstituted by admission of M Sataynarayana as partner and retirement of Mr. M Abhisekhar Reddy. The firm is carrying on business under the same name and style. It is engaged in milling of paddy with the installed capacity of 12 ton per hour. SVSRI has 35 employees to manage daily operations of the mill. Mr. S Krishna Reddy, the Managing Partner looks after the day-to-day operations. VIJAYA LAKSHMI: CARE Keeps D Debt Rating in Not Cooperating ----------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Vijaya Lakshmi Tobacco Traders (VLTT) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 9.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE Ratings Ltd. had, vide its press release dated February 17, 2021, placed the rating(s) of VLTT under the 'issuer non-cooperating' category as VLTT had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VLTT continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated January 3, 2022, January 13, 2022, January 23, 2022. In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.'s opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Andhra Pradesh based, Vijaya Lakshmi Tobacco Traders (VLTT) was established in March 2016 as a partnership firm, by Mr. D. Satyanarayana and Mrs.D.Vijaya Lakshmi. Vijaya Lakshmi Tobacco Traders (VLTT) is an authorized licensed dealer in tobacco registered with Tobacco Board for trading of Virginia tobacco. VLTT is mainly engaged in trading of Virginia tobacco. =============== M A L A Y S I A =============== E.A. TECHNIQUE: Auditor Raises Going Concern Doubt -------------------------------------------------- theedgemarkets.com reports that E.A. Technique (M) Bhd, a Practice Note 17 (PN17) company, said its external auditor Messrs Ernst & Young PLT (EY) has expressed a disclaimer of opinion in its audited financial statements for the financial year ended Dec. 31, 2021 (FY21). theedgemarkets.com, citing E.A. Technique's bourse filing on May 18, relates that EY had pointed to the group's and the company's reported net loss of MYR150.6 million and MYR161.2 million respectively for FY21. It also noted that at end-December 2021, the group's and the company's current liabilities exceeded their current assets by MYR405.3 million and MYR416.9 million respectively, but the group and the company only had cash and bank balances of MYR6.4 million and MYR5.5 million respectively. "These events and conditions indicate the existence of material uncertainty that may cast significant doubt on the group's and the company's ability to continue as a going concern," said EY. Nevertheless, E.A. Technique highlighted that it is currently in the process of formulating a proposed regularisation plan for submission and has approximately 10 months to submit it to Bursa Malaysia and/or other relevant regulatory authorities, theedgemarkets.com relays. It added that the proposed regularisation plan will include debt restructuring. It will also explore the option to adopt an asset light strategy, which involves reduction in its aging vessels while maintaining younger vessels, as well as a proposed debt equity swap, adds theedgemarkets.com. E.A. Technique (M) Bhd owns and operates marine vessels focusing on marine transportation and offshore storage of oil and gas, and provision of port marine services. The Company also owns a shipyard involved in shipbuilding, ship repair and minor fabrication of steel structures. EA Technique has triggered the criteria pursuant to Paragraphs 2.1 (a) and 2.1(e) of Practice Note No. 17 of the MMLR. The prescribed criteria under Paragraph 2.1(e) was triggered as its shareholders' equity of MYR5.96 million as at Dec. 31, 2021 is less than 50% of its share capital of MYR179.76 million. ===================== N E W Z E A L A N D ===================== ARMSTRONG DOWNES: Thames Pacific Takes Over Paddington Development ------------------------------------------------------------------ Stuff.co.nz reports that builders are back on site at a 150-townhouse development in central Wellington, after works stopped when construction company Armstrong Downes went into liquidation. Stuff relates that Stephen Sutorius, whose company Thames Pacific is the developer behind the The Paddington development on Taranaki St, said the demise of Armstrong Downes had created delays of three to four weeks and cost his company "multiple millions", but buyers would not be paying more for their new homes. The subcontractors that returned to work on May 17 were the same as those who had been working under Armstrong Downes, but were now employed by Thames Pacific directly. Stage two and three of The Paddington are still under construction, the report says. According to the report, Mr. Sutorius said stage two, which contained 42 properties, should be ready for handover by mid-June, subject to council approval. Stage three, which contained contains 70 properties, would probably be completed at some point in September. Wade Puata, a contractor with Capital Builds working on the Jessie St side of the development, said the development was "like a ghost town." "The guys who didn't get paid haven't showed up, and fair enough," he said. Stuff relates that Puata said Capital Builds had acted quickly to have staff paid, and joked that the shutout was like a "two-week holiday". Sutorius said Thames Pacific would be paying all subcontractors any wages they were owed, and said the site would probably be back to full operation in a couple of weeks, Stuff relays. He said some subcontractors had taken on other smaller jobs elsewhere while the site was shut down, but they would be returning. "We have picked up the site, we have got access back on site now, we have taken it back over from the main contractor," the report Sutorius as saying. "All of the subcontractors previously on the job have been happy to come back. There's no risk to the buyers, there's no increase in cost to them at all." Armstrong Downes Commercial went into liquidation in early May. David Ruscoe and Russell Moore from Grant Thornton were appointed liquidators to the 10-year-old company. FILTER AND FLUE: Creditors' Proofs of Debt Due on June 21 --------------------------------------------------------- Creditors of Filter and Flue Cleaning Services Limited are required to file their proofs of debt by June 21, 2022, to be included in the company's dividend distribution. The company commenced wind-up proceedings on May 17, 2022. The company's liquidator is: Meizi Xu Duberly Vincent Associates PO Box 305527 Triton Plaza, Auckland 0757 JFM INVESTMENTS: Creditors' Proofs of Debt Due on July 1 -------------------------------------------------------- Creditors of JFM Investments Limited, Keast Enterprises Limited (trading as Paintmasters Christchurch) and G.A.M Investment Limited are required to file their proofs of debt by July 1, 2022, to be included in the company's dividend distribution. The company commenced wind-up proceedings on May 18, 2022. The company's liquidator is: Paul Vlasic Rodgers Reidy (NZ) Limited PO Box 45220 Te Atatu Peninsula Auckland 0651 R AND R: Creditors' Proofs of Debt Due on July 15 ------------------------------------------------- Creditors of R and R International Limited are required to file their proofs of debt by July 15, 2022, to be included in the company's dividend distribution. The company commenced wind-up proceedings on May 23, 2022. The company's liquidator is: Garry Whimp Blacklock Rose Limited PO Box 6709, Victoria Street West Auckland 1142 RIO 40: Creditors' Proofs of Debt Due on June 30 ------------------------------------------------ Creditors of Rio 40 Degrees Limited and Hi-Tech Glass Limited are required to file their proofs of debt by June 30, 2022, to be included in the company's dividend distribution. Rio 40 Degrees commenced wind-up proceedings on May 16, 2022, while Hi-Tech Glass commenced wind-up proceedings on May 19, 2022. The company's liquidator is: Heath Gair Palliser Insolvency PO Box 57124 Mana, Porirua 5247 TREADAWAY ROOFING: Court to Hear Wind-Up Petition on June 3 ----------------------------------------------------------- A petition to wind up the operations of Treadaway Roofing Limited will be heard before the High Court at Auckland on June 3, 2022, at 10:00 a.m. 90 Nine Limited filed the petition against the company on Feb. 14, 2022. The Petitioner's solicitor is: Brent James Norling Level 3, Building 2 61 Constellation Drive Rosedale, Auckland ================= S I N G A P O R E ================= GLOBAL APPAREL: Court Enters Wind-Up Order ------------------------------------------ The High Court of Singapore entered an order on May 13, 2022, to wind up the operations of Global Apparel and Textile Pte. Ltd. Bangkok Bank Public Company Limited filed the petition against the company. The company's liquidators are: Ms. Oon Su Sun Mr. Ng Kian Kiat c/o RSM Corporate Advisory Pte. Ltd. 8 Wilkie Road, #03-08 Wilkie Edge Singapore 228095 PURPOSE PERFORMANCE: Court to Hear Wind-Up Petition on June 3 ------------------------------------------------------------- A petition to wind up the operations of Purpose Performance Wear Pte Ltd will be heard before the High Court of Singapore on June 3, 2022, at 10:00 a.m. Maybank Singapore Limited filed the petition against the company on May 11, 2022. The Petitioner's solicitors are: Tito Isaac & Co LLP 1 North Bridge Road #30-00 High Street Centre Singapore 179094 WHEAT BAUMKUCHEN: Court to Hear Wind-Up Petition on June 3 ---------------------------------------------------------- A petition to wind up the operations of Wheat Baumkuchen Pte Ltd will be heard before the High Court of Singapore on June 3, 2022, at 10:00 a.m. Maybank Singapore Limited filed the petition against the company on May 12, 2022. The Petitioner's solicitors are: Tito Isaac & Co LLP 1 North Bridge Road #30-00 High Street Centre Singapore 179094 YONG TECK: Court to Hear Wind-Up Petition on June 3 --------------------------------------------------- A petition to wind up the operations of Yong Teck Pawnshop Pte Ltd will be heard before the High Court of Singapore on June 3, 2022, at 10:00 a.m. RHB Bank Berhad filed the petition against the company on May 11, 2022. The Petitioner's solicitors are: Rajah & Tann Singapore LLP 9 Straits View #06-07 Marina One West Tower Singapore 018937 ZHONG HAO: Court Enters Wind-Up Order ------------------------------------- The High Court of Singapore entered an order on May 13, 2022, to wind up the operations of Zhong Hao Agriculture Development International Pte Ltd. Mardec Processing Sendirian Berhad filed the petition against the company. The company's liquidators are: Mr. Abuthahir Abdul Gafoor Ms. Yessica Budiman c/o AAG Corporate Advisory Pte Ltd 144 Robinson Road, #14-02 Robinson Square Singapore 068908 =============== T H A I L A N D =============== NOK AIRLINES: Mulls Clipping Wings of Betong Route Due to Losses ---------------------------------------------------------------- Bangkok Post reports that Nok Air, the only commercial airline offering scheduled flights to the farthest southern district, is mulling whether to continue its Don Mueang-Betong operation after July due to financial losses on the route, said its chief executive officer, Wutthiphum Jurangkool. Bangkok Post relates that Nok Air said it has been in the red since launching its inaugural flight on April 29. The low-cost carrier expects that by July, losses could amount to THB40 million despite a reported load factor of about 90%. Load factor refers to how many paying customers fill a flight. Nok Air operates three flights a week from the capital Bangkok to Yala's Betong district. According to the report, the airline said expenses associated with the service to Betong were high and Nok Air has asked the government to subsidise the costs as well as lower service fees at the airports the airline uses. The airline is already partly subsidised by the government. At the same time, fuel costs have skyrocketed, adding to the expenses, especially along the Betong route with flights lasting one hour and 45 minutes. Bangkok Post relates that Nok Air said it has lost an opportunity to make a profit. "We'll need to decide whether to continue the Betong service," Mr. Wutthiphum said. He said flights to the district until July will cater to passengers on packaged tours. Figures show that more than 1,700 passengers have flown to Betong using Nok Air. Meanwhile, Kanpong Limkanchana, chairman of the Yala chamber of commerce, said the airline should have consulted residents on how much they were willing to pay. Currently, the airline charges a round-trip fare of THB8,000, half the cost of flying from Bangkok to Hat Yai district in nearby Songkhla province and taking public transport to Betong. "I think it might be tactical for Nok Air to claim that it is operating the Betong route at a loss," the report quotes Mr. Kanpong as saying. "It might be a call for [more] subsidy." Bangkok Post adds Mr. Kanpong said the cancellation of Nok Air flights to Betong will not affect local tourism. Other airlines are showing an interest in operating along the route, he said. Betong's economy relies heavily on visitors from neighbouring Malaysia, he said. If the land border reopens, the tourism industry in the district will return to normal, he said. About Nok Airlines Nok Airlines Public Company Limited (SET:NOK) -- https://www.nokair.com/ -- is a Thailand-based low-cost airline operator. The Company offers point-to-point regional air services using small to medium-sized aircrafts. Its services include scheduled air services, which operates flights to various destinations in Thailand and abroad, including Chiang Mai, Hat Yai, Krabi, Vientiane, Yangon and others; charter flight services, which offers flights to group passengers and additional services for scheduled flight passengers, including booking services via Internet, airport counter, call center services, counter check-in, online check-in services, reservation change services, excess baggage service, and others. The Company also offers in-flight food and beverages, as well as souvenir merchandise to its customers. As reported in the Troubled Company Reporter-Asia Pacific on Aug. 3, 2020, loss-making Nok Airlines, a budget carrier listed on the Stock Exchange of Thailand, will undergo a court-supervised rehabilitation, becoming the second Thai airline to file such a request this year, following national flag carrier Thai Airways International. The Central Bankruptcy Court has issued an order to accept the petition for consideration, according to a Nok Air statement filed at the SET on Aug. 1, according to Nikkei Asian Review. The carrier's board of directors decided to lodge the application at a meeting held on July 31; it was submitted the same day, the Nikkei said. THAI AIRASIA: Seeks Bankruptcy While Resuming Some Flights ---------------------------------------------------------- Forbes reports that Thai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand's Central Bankruptcy Court. "Thai AirAsia X has entered into rehabilitation at an appropriate time with tourism recovering and the nation reopening", Patima Jeerapaet, chief executive of Thai AirAsia X said in a statement released on May 19. According to Forbes, the carrier said it's aiming to revamp its administration process and restructure its debts as part of its efforts to deliver greater efficiency and establish a solid platform for future growth. The company didn't disclose the figure for its debts. Forbes relates that Thai AirAsia X said the process will have no impact on its operations, and that it plans to resume flights to South Korea and Japan beginning in June. The airline had suspended all of its flights since March 2020. Thai AirAsia X is a joint venture between Malaysia's AirAsia X and Thai AirAsia, but the restructuring process will have no impact on those two carriers, the report says. "It was hard to raise funds as the airline shouldered a large amount of debt. A rehabilitation plan approved by the court in the next stage will be a viable solution to maintain business in the long run," the report quotes Tassapon Bijleveld, director of Thai AirAsia X, as saying. The carrier will draft a rehabilitation plan and strengthen its liquidity to make sure it can run at full capacity. In the last two years, Thai AirAsia X reduced its fleet from 12 to eight planes. The airline is the third to file for bankruptcy protection in Thailand after Thai Airways and Nok Air. Forbes adds that the International Air Transport Association (IATA) said in March that air traffic in Asia this year will reach 68% of the region's pre-pandemic level, and it should fully recover in 2025. Thai AirAsia is a joint venture of Malaysian low-fare airline AirAsia and Thailand's Asia Aviation. It serves AirAsia's regularly scheduled domestic and international flights from Bangkok and other cities in Thailand. Thai AirAsia launched operations in February 2004. =============== X X X X X X X X =============== [*] BOND PRICING: For the Week May 16, 2022 to May 20, 2022 ----------------------------------------------------------- Issuer Coupon Maturity Currency Price ------ ------ -------- -------- ----- AUSTRALIA --------- AUSTRALIA & NEW ZEALAND 3.00 12/17/40 AUD 73.83 AUSTRALIA & NEW ZEALAND 2.92 12/22/40 AUD 74.25 CLIME CAPITAL LTD/FUND 5.25 11/30/25 AUD 1.01 COMMONWEALTH BANK OF AUS 3.20 08/27/40 AUD 71.91 COMMONWEALTH BANK OF AUS 3.00 12/10/40 AUD 74.44 COMMONWEALTH BANK OF AUS 3.12 08/27/41 AUD 69.50 COMMONWEALTH BANK OF AUS 3.30 09/24/41 AUD 72.28 COMMONWEALTH BANK OF AUS 3.30 08/26/50 AUD 58.63 GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.33 VIRGIN AUSTRALIA HOLDING 7.88 10/15/21 USD 3.89 VIRGIN AUSTRALIA HOLDING 7.88 10/15/21 USD 3.89 VIRGIN AUSTRALIA HOLDING 8.25 05/30/23 AUD 6.14 VIRGIN AUSTRALIA HOLDING 8.08 03/05/24 AUD 6.03 VIRGIN AUSTRALIA HOLDING 8.13 11/15/24 USD 4.04 VIRGIN AUSTRALIA HOLDING 8.13 11/15/24 USD 4.04 VIRGIN AUSTRALIA HOLDING 8.00 11/26/24 AUD 4.53 CHINA ----- AKESU DISTRICT GREEN IND 4.09 03/11/23 CNY 39.99 AKESU DISTRICT GREEN IND 4.09 03/11/23 CNY 40.17 AKESU TEXTILE CITY DEVEL 7.50 06/21/24 CNY 59.80 AKESU TEXTILE CITY DEVEL 7.50 06/21/24 CNY 61.40 AKESU XINCHENG ASSET INV 6.40 04/20/22 CNY 20.08 AKESU XINCHENG ASSET INV 6.40 04/20/22 CNY 20.24 ALTAY PREFECTURE STATE-O 4.85 01/22/23 CNY 19.87 ALTAY PREFECTURE STATE-O 4.85 01/22/23 CNY 19.95 ANHUI DANGTU ECO DEVELOP 6.00 09/11/24 CNY 60.00 ANHUI DANGTU ECO DEVELOP 6.00 09/11/24 CNY 62.35 ANHUI HUAAN FOREIGN ECON 7.30 07/13/21 CNY 70.01 ANHUI HUAINING URBAN & R 5.80 08/28/24 CNY 60.00 ANHUI HUAINING URBAN & R 5.80 08/28/24 CNY 60.66 ANHUI JIANGNAN INDUSTRIA 4.76 07/08/23 CNY 39.83 ANHUI JIANGNAN INDUSTRIA 4.76 07/08/23 CNY 40.08 ANHUI LANGCHUAN HOLDING 6.13 12/11/24 CNY 62.94 ANHUI LEXING CITY CONSTR 6.05 11/01/24 CNY 60.90 ANHUI LEXING CITY CONSTR 6.05 11/01/24 CNY 62.05 ANJI NORTHWEST DEVELOPME 5.90 07/18/23 CNY 40.00 ANJI NORTHWEST DEVELOPME 5.90 07/18/23 CNY 40.29 ANLU CONSTRUCTION DEVELO 5.45 06/15/23 CNY 40.08 ANNING DEVELOPMENT INVES 8.80 09/11/25 CNY 65.75 ANQING ECONOMIC&TECHNOLO 4.09 03/09/23 CNY 40.15 ANQING ECONOMIC&TECHNOLO 4.09 03/09/23 CNY 40.25 ANQING URBAN CONSTRUCTIO 6.01 04/27/22 CNY 20.00 ANQING URBAN CONSTRUCTIO 6.01 04/27/22 CNY 20.09 ANQING WANJIANG HIGH TEC 6.50 08/02/24 CNY 59.40 ANQING WANJIANG HIGH TEC 6.50 08/02/24 CNY 60.00 ANQIU HUAAN STATE OWNED 7.00 09/14/24 CNY 58.80 ANQIU HUAAN STATE OWNED 7.00 09/14/24 CNY 59.20 ANSHUN CITY CONSTRUCTION 7.30 09/15/24 CNY 48.72 ANSHUN CITY CONSTRUCTION 7.30 09/15/24 CNY 51.10 ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 35.72 ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 37.39 ANSHUN TRANSPORTATION DE 7.50 10/31/24 CNY 54.97 ANSHUN XIXIU CITY INVEST 4.70 11/22/23 CNY 33.72 ANSHUN XIXIU CITY INVEST 4.70 11/22/23 CNY 39.84 ANYUE XINGAN CITY DEVELO 7.50 01/30/25 CNY 61.36 ANYUE XINGAN CITY DEVELO 7.50 01/30/25 CNY 62.76 AOYUAN CORP GROUP LTD 6.60 09/03/23 CNY 38.00 AOYUAN CORP GROUP LTD 5.50 03/03/25 CNY 25.50 AOYUAN CORP GROUP LTD 5.65 08/06/25 CNY 59.71 BANK OF CHINA LTD/PARIS 0.50 03/13/22 EUR 96.01 BAOJI INVESTMENT GROUP C 5.05 04/18/24 CNY 61.22 BAOTOU AFFORDABLE HOUSIN 5.25 07/27/24 CNY 60.94 BAOTOU AFFORDABLE HOUSIN 5.25 07/27/24 CNY 61.50 BAOTOU AFFORDABLE HOUSIN 5.31 08/10/24 CNY 61.01 BAOTOU CITY SCIENCE EDUC 6.48 03/25/22 CNY 20.03 BAOTOU CITY SCIENCE EDUC 6.48 03/25/22 CNY 20.04 BAOTOU QINSHAN HOUSING D 7.90 12/26/23 CNY 46.10 BAOYING CITY CONSTRUCTIO 4.50 03/24/23 CNY 39.85 BAOYING CITY CONSTRUCTIO 4.50 03/24/23 CNY 40.31 BAOYING COUNTY DEVELOPME 5.45 08/21/24 CNY 61.51 BAOYING COUNTY DEVELOPME 5.49 10/17/24 CNY 61.69 BAYAN ZHUOER HETAO WATER 8.54 03/31/22 CNY 14.76 BAYAN ZHUOER HETAO WATER 8.54 03/31/22 CNY 14.98 BAZHONG STATE-OWNED CAPI 5.13 12/02/22 CNY 18.79 BAZHONG STATE-OWNED CAPI 5.13 12/02/22 CNY 19.00 BAZHOU GUOHUI CONSTRUCTI 6.08 06/19/24 CNY 61.49 BAZHOU GUOHUI CONSTRUCTI 6.08 06/19/24 CNY 61.58 BEIJING FUTURE SCIENCE P 4.20 08/13/22 CNY 20.01 BEIPIAO CITY CONSTRUCTIO 6.70 03/25/23 CNY 40.33 BEIPIAO CITY CONSTRUCTIO 6.70 03/25/23 CNY 40.61 BENGBU ECONOMIC DEVELOPM 6.45 07/13/24 CNY 60.00 BENGBU ECONOMIC DEVELOPM 6.45 07/13/24 CNY 60.31 BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.72 BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.72 BIJIE CITY ANFANG CONSTR 7.80 01/18/26 CNY 70.17 BIJIE CONSTRUCTION INVES 5.78 07/06/24 CNY 61.04 BIJIE CONSTRUCTION INVES 5.55 08/03/24 CNY 60.00 BIJIE CONSTRUCTION INVES 5.55 08/03/24 CNY 61.12 BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 35.01 BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 36.15 BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 37.54 BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 40.44 BIJIE QIXINGGUAN DISTRIC 7.60 09/08/24 CNY 61.86 BIJIE XINTAI INVESTMENT 7.80 11/01/24 CNY 52.00 BIJIE XINTAI INVESTMENT 7.80 11/01/24 CNY 53.85 BINZHOU ZHANHUA DISTRICT 4.93 11/29/23 CNY 40.60 BINZHOU ZHANHUA DISTRICT 4.93 11/29/23 CNY 40.60 BINZHOU ZHONGHAI VENTURE 6.65 04/13/22 CNY 20.00 BINZHOU ZHONGHAI VENTURE 6.65 04/13/22 CNY 20.06 BORALA MONGOL AUTONOMOUS 5.77 08/26/22 CNY 20.05 BORALA MONGOL AUTONOMOUS 5.77 08/26/22 CNY 20.10 BOZHOU URBAN CONSTRUCTIO 4.78 04/14/23 CNY 40.17 BOZHOU URBAN CONSTRUCTIO 4.78 04/14/23 CNY 40.50 BRILLIANCE AUTO GROUP HO 5.30 10/23/20 CNY 49.50 BRILLIANCE AUTO GROUP HO 6.50 01/22/22 CNY 49.50 BRILLIANCE AUTO GROUP HO 6.50 03/13/22 CNY 49.50 BRILLIANCE AUTO GROUP HO 6.50 04/18/22 CNY 49.50 BRILLIANCE AUTO GROUP HO 6.50 06/03/22 CNY 49.50 BRILLIANCE AUTO GROUP HO 6.30 09/14/23 CNY 49.50 BRILLIANCE AUTO GROUP HO 5.40 09/14/23 CNY 55.80 BRILLIANCE AUTO GROUP HO 6.30 09/14/23 CNY 56.93 BRILLIANCE AUTO GROUP HO 5.80 11/05/23 CNY 49.50 BRILLIANCE AUTO GROUP HO 5.80 11/05/23 CNY 59.80 BRILLIANCE AUTO GROUP HO 5.80 03/20/24 CNY 54.80 BRILLIANCE AUTO GROUP HO 5.80 06/17/24 CNY 49.50 BRILLIANCE AUTO GROUP HO 5.80 06/17/24 CNY 60.78 CANGNAN COUNTY STATE OWN 5.58 11/11/22 CNY 20.30 CANGNAN COUNTY STATE OWN 5.58 11/11/22 CNY 20.33 CEFC SHANGHAI INTERNATIO 4.98 12/10/20 CNY 61.29 CEFC SHANGHAI INTERNATIO 4.08 09/09/21 CNY 60.00 CHANG DE DING LI INDUSTR 4.30 03/10/23 CNY 40.23 CHANG DE DING LI INDUSTR 4.30 03/10/23 CNY 40.26 CHANG DE DING LI INDUSTR 6.10 07/20/24 CNY 59.92 CHANG DE DING LI INDUSTR 6.10 07/20/24 CNY 60.23 CHANGDE DE YUAN SHANTY T 5.33 09/13/23 CNY 39.35 CHANGDE URBAN CONSTRUCTI 3.59 01/12/23 CNY 20.00 CHANGDE URBAN CONSTRUCTI 3.59 01/12/23 CNY 20.12 CHANGGE JINCAI PUBLIC AS 7.10 04/19/24 CNY 59.99 CHANGGE JINCAI PUBLIC AS 7.10 04/19/24 CNY 60.00 CHANGJI URBAN CONSTRUCTI 4.24 11/18/23 CNY 37.70 CHANGJI URBAN CONSTRUCTI 4.24 11/18/23 CNY 40.26 CHANGLE COUNTY NEWTOWN D 5.18 12/16/22 CNY 20.00 CHANGLE COUNTY NEWTOWN D 5.18 12/16/22 CNY 20.41 CHANGSHA COUNTY XINGCHEN 7.90 03/25/22 CNY 25.12 CHANGSHA COUNTY XINGCHEN 7.90 03/25/22 CNY 25.12 CHANGSHA ECONOMIC & TECH 8.45 04/13/22 CNY 15.10 CHANGSHA ECONOMIC & TECH 4.78 03/03/24 CNY 60.94 CHANGSHA ECONOMIC & TECH 4.78 03/03/24 CNY 61.26 CHANGSHA FURONG CITY DEV 3.88 01/26/23 CNY 20.12 CHANGSHA FURONG CITY DEV 3.88 01/26/23 CNY 20.22 CHANGSHA JINZHOU NEW CIT 6.60 08/24/24 CNY 60.00 CHANGSHA JINZHOU NEW CIT 6.60 08/24/24 CNY 61.87 CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 30.68 CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 31.01 CHANGSHA METRO GROUP CO 5.97 04/03/25 CNY 62.84 CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 60.00 CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 62.60 CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 61.42 CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 61.47 CHANGSHA TIANXIN CITY CO 4.20 11/06/22 CNY 20.00 CHANGSHA TIANXIN CITY CO 4.20 11/06/22 CNY 20.16 CHANGSHA TIANXIN CITY CO 3.43 08/08/23 CNY 39.13 CHANGSHA TIANXIN CITY CO 3.43 08/08/23 CNY 40.08 CHANGSHA YUHUA JINGKAI D 4.17 09/06/23 CNY 40.18 CHANGSHA YUHUA JINGKAI D 4.17 09/06/23 CNY 40.21 CHANGSHA YUHUA URBAN CON 3.80 01/28/23 CNY 20.14 CHANGSHA YUHUA URBAN CON 3.80 01/28/23 CNY 20.15 CHANGSHU DONGNAN ASSET I 6.53 03/26/22 CNY 20.07 CHANGSHU DONGNAN ASSET I 6.53 03/26/22 CNY 27.32 CHANGXING SOUTHERN TAIHU 6.50 11/30/25 CNY 75.00 CHANGZHOU JINTAN COMMUNI 6.50 11/07/24 CNY 60.00 CHANGZHOU JINTAN COMMUNI 6.50 11/07/24 CNY 61.00 CHANGZHOU JINTAN COMMUNI 7.10 12/21/24 CNY 60.00 CHANGZHOU JINTAN COMMUNI 7.10 12/21/24 CNY 61.70 CHANGZHOU TIANNING CONST 6.48 02/12/22 CNY 20.00 CHANGZHOU TIANNING CONST 6.48 02/12/22 CNY 20.00 CHANGZHOU XINGANG ECONOM 3.42 10/20/23 CNY 39.68 CHANGZHOU XINGANG ECONOM 3.42 10/20/23 CNY 40.20 CHANGZHOU ZHONGLOU ECONO 3.64 10/26/23 CNY 40.17 CHANGZHOU ZHONGLOU ECONO 3.64 10/26/23 CNY 40.24 CHAOHU URBAN TOWN CONSTR 6.50 04/30/22 CNY 20.13 CHAOHU URBAN TOWN CONSTR 6.50 04/30/22 CNY 21.80 CHENGDU GARDEN WATER CIT 6.15 05/03/23 CNY 39.63 CHENGDU GARDEN WATER CIT 6.15 05/03/23 CNY 40.08 CHENGDU GARDEN WATER CIT 7.50 09/11/24 CNY 58.33 CHENGDU GARDEN WATER CIT 7.50 09/11/24 CNY 62.19 CHENGDU LIN JIANG GARDEN 6.75 08/02/24 CNY 60.90 CHENGDU PIDU DISTRICT ST 6.95 04/01/22 CNY 20.09 CHENGDU PIDU DISTRICT ST 6.95 04/01/22 CNY 20.11 CHENGDU SHUZHOU CITY CON 6.58 05/26/22 CNY 20.16 CHENGDU SHUZHOU CITY CON 6.58 05/26/22 CNY 20.50 CHENGDU XINGCHENGJIAN IN 6.00 03/20/22 CNY 20.00 CHENGDU XINGCHENGJIAN IN 6.00 03/20/22 CNY 20.06 CHENGDU XINGJIN ECOLOGIC 3.65 10/13/23 CNY 39.96 CHENGDU XINGJIN ECOLOGIC 3.65 10/13/23 CNY 40.16 CHENGDU XINGSHU INVESTME 6.78 08/21/24 CNY 60.00 CHENGDU XINGSHU INVESTME 6.78 08/21/24 CNY 61.53 CHENGDU XINJIN COUNTY ST 6.40 07/05/24 CNY 59.39 CHENGDU XINJIN COUNTY ST 6.40 07/05/24 CNY 60.54 CHENGDU XINJIN COUNTY ST 6.28 08/03/24 CNY 59.29 CHENGDU XINJIN COUNTY ST 6.28 08/03/24 CNY 60.00 CHENGDU XINKAIYUAN URBAN 5.29 04/27/23 CNY 39.69 CHENGDU XINKAIYUAN URBAN 5.29 04/27/23 CNY 40.05 CHENZHOU BAIFU INVESTMEN 4.96 03/22/26 CNY 57.37 CHENZHOU BAIFU INVESTMEN 4.96 03/22/26 CNY 64.21 CHENZHOU FUCHENG HIGH TE 4.73 01/22/23 CNY 20.10 CHENZHOU FUCHENG HIGH TE 4.73 01/22/23 CNY 20.15 CHENZHOU WENLV INDUSTRY 5.34 11/28/23 CNY 40.07 CHENZHOU XINTIAN INVESTM 6.00 07/26/24 CNY 56.35 CHENZHOU XINTIAN INVESTM 6.00 07/26/24 CNY 60.00 CHENZHOU XINTIAN INVESTM 5.38 03/08/26 CNY 64.86 CHENZHOU XINTIAN INVESTM 5.38 03/08/26 CNY 65.83 CHIBI LANTIAN URBAN CONS 4.38 08/10/23 CNY 39.89 CHIBI LANTIAN URBAN CONS 4.38 08/10/23 CNY 40.06 CHINA FORTUNE LAND DEVEL 7.40 03/24/21 CNY 25.13 CHINA FORTUNE LAND DEVEL 7.20 04/18/21 CNY 25.13 CHINA FORTUNE LAND DEVEL 5.60 09/10/21 CNY 25.13 CHINA FORTUNE LAND DEVEL 5.80 05/23/22 CNY 20.50 CHINA FORTUNE LAND DEVEL 5.00 05/30/22 CNY 68.15 CHINA GRAND AUTOMOTIVE S 9.13 01/30/24 USD 72.31 CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00 CHISHUI CITY CONSTRUCTIO 8.50 01/18/26 CNY 71.10 CHONGQIN BAIYAN INVESTME 5.75 05/03/23 CNY 40.38 CHONGQIN BAIYAN INVESTME 5.75 05/03/23 CNY 40.69 CHONGQIN XINLIANG INVEST 4.76 08/26/23 CNY 39.13 CHONGQIN XINLIANG INVEST 4.76 08/26/23 CNY 39.80 CHONGQING BANAN ECONOMIC 6.17 03/13/22 CNY 19.03 CHONGQING BANAN ECONOMIC 6.17 03/13/22 CNY 20.03 CHONGQING BAYUAN CONSTRU 4.99 08/16/23 CNY 39.26 CHONGQING BISHAN DISTRIC 4.93 03/29/23 CNY 40.35 CHONGQING BISHAN DISTRIC 4.93 03/29/23 CNY 40.41 CHONGQING DAZU INDUSTRIA 6.30 04/28/22 CNY 20.00 CHONGQING DAZU INDUSTRIA 6.30 04/28/22 CNY 20.08 CHONGQING DAZU URBAN CON 3.97 08/11/22 CNY 49.54 CHONGQING DAZU URBAN CON 3.97 08/11/22 CNY 49.63 CHONGQING DAZU YONGSHENG 6.48 07/24/24 CNY 59.48 CHONGQING DAZU YONGSHENG 6.48 07/24/24 CNY 61.20 CHONGQING ECO&TECH DEVEL 3.95 04/13/23 CNY 40.07 CHONGQING ECO&TECH DEVEL 3.95 04/13/23 CNY 40.19 CHONGQING HECHUAN CITY C 3.95 09/06/23 CNY 39.87 CHONGQING HECHUAN CITY C 3.95 09/06/23 CNY 40.12 CHONGQING HONGYE INDUSTR 6.30 08/02/24 CNY 60.89 CHONGQING HONGYE INDUSTR 6.30 08/02/24 CNY 61.72 CHONGQING HONGYE INDUSTR 6.45 11/27/24 CNY 62.08 CHONGQING JIANGJIN DISTR 6.40 09/13/24 CNY 60.00 CHONGQING JIANGJIN DISTR 6.40 09/13/24 CNY 60.53 CHONGQING JIN TONG INDUS 4.44 11/16/23 CNY 37.36 CHONGQING JIN TONG INDUS 4.44 11/16/23 CNY 39.70 CHONGQING JIN TONG INDUS 6.50 08/01/24 CNY 50.00 CHONGQING JIN TONG INDUS 6.50 08/01/24 CNY 55.10 CHONGQING JINYUN ASSET M 4.50 12/31/22 CNY 20.09 CHONGQING JINYUN ASSET M 4.50 12/31/22 CNY 20.24 CHONGQING KAIQIAN INVEST 4.64 03/21/23 CNY 39.52 CHONGQING KAIQIAN INVEST 4.64 03/21/23 CNY 39.89 CHONGQING LAND PROPERTIE 3.36 03/21/23 CNY 40.10 CHONGQING LAND PROPERTIE 3.36 03/21/23 CNY 40.13 CHONGQING LIANGSHAN CONS 6.30 10/16/24 CNY 62.04 CHONGQING LIANGSHAN CONS 6.30 10/16/24 CNY 62.05 CHONGQING MAIRUI URBAN C 4.95 04/21/23 CNY 40.30 CHONGQING MAIRUI URBAN C 4.95 04/21/23 CNY 40.36 CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 39.94 CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 40.04 CHONGQING QIJIANG EAST N 4.00 09/05/23 CNY 39.12 CHONGQING QIJIANG EAST N 4.00 09/05/23 CNY 39.43 CHONGQING SHUANGFU CONST 6.37 10/13/24 CNY 60.00 CHONGQING SHUANGFU CONST 6.37 10/13/24 CNY 60.87 CHONGQING TONGLIANG JINL 6.59 04/08/22 CNY 20.00 CHONGQING TONGLIANG JINL 6.59 04/08/22 CNY 20.04 CHONGQING TONGLIANG JINL 6.80 02/11/25 CNY 60.00 CHONGQING TONGLIANG JINL 6.80 02/11/25 CNY 62.06 CHONGQING TONGNAN DISTRI 4.99 12/31/22 CNY 19.66 CHONGQING TONGNAN DISTRI 4.99 12/31/22 CNY 19.71 CHONGQING WANSHENG ECO T 8.50 11/25/25 CNY 56.51 CHONGQING WANZHOU SANXIA 4.95 08/25/22 CNY 20.20 CHONGQING WANZHOU SANXIA 4.95 08/25/22 CNY 20.80 CHONGQING WULONG DISTRIC 6.80 09/21/24 CNY 59.00 CHONGQING WULONG DISTRIC 6.80 09/21/24 CNY 61.52 CHONGQING WULONG DISTRIC 6.80 12/28/24 CNY 60.00 CHONGQING WULONG DISTRIC 6.80 12/28/24 CNY 61.85 CHONGQING XINGRONG HOLDI 4.86 03/31/23 CNY 38.50 CHONGQING XINGRONG HOLDI 4.86 03/31/23 CNY 39.98 CHONGQING YINGDI INDUSTR 7.00 11/07/24 CNY 60.00 CHONGQING YINGDI INDUSTR 7.00 11/07/24 CNY 60.12 CHONGQING YUELAI INVESTM 6.09 04/29/22 CNY 20.00 CHONGQING YUELAI INVESTM 6.09 04/29/22 CNY 20.14 CHONGQING YUZHONG STATE- 6.90 02/08/25 CNY 61.00 CHONGQING YUZHONG STATE- 6.90 02/08/25 CNY 64.13 CHUN'AN XINANJIANG DEVEL 6.10 03/11/22 CNY 20.04 CHUN'AN XINANJIANG DEVEL 6.10 03/11/22 CNY 24.55 CHUN'AN XINANJIANG DEVEL 3.84 11/04/23 CNY 39.82 CHUN'AN XINANJIANG DEVEL 3.84 11/04/23 CNY 40.25 CHUZHOU CITY NANQIAO DIS 5.95 10/23/24 CNY 60.00 CHUZHOU CITY NANQIAO DIS 5.95 10/23/24 CNY 62.32 CITIC GUOAN GROUP CORP 4.90 11/06/19 CNY 18.25 CITIC GUOAN GROUP CORP 5.80 12/15/19 CNY 16.70 CITIC GUOAN GROUP CORP 4.23 12/15/20 CNY 18.25 CITIC GUOAN GROUP CORP 4.49 03/08/21 CNY 18.25 CIXI STATE OWNED ASSET I 4.90 04/07/24 CNY 61.09 DAFANG COUNTY CONSTRUCTI 6.00 09/26/23 CNY 38.80 DAFANG COUNTY CONSTRUCTI 6.00 09/26/23 CNY 40.54 DALI HAIDONG DEVELOPMENT 6.01 01/25/23 CNY 18.80 DALI HAIDONG DEVELOPMENT 6.01 01/25/23 CNY 20.07 DALIAN SHITAI CITY CONST 4.50 02/01/23 CNY 18.64 DALIAN SHITAI CITY CONST 4.50 02/01/23 CNY 20.19 DANGTU COUNTY CONSTRUCTI 5.38 08/10/22 CNY 20.19 DANGTU COUNTY CONSTRUCTI 5.38 08/10/22 CNY 20.22 DANGYANG XINYUAN INVESTM 4.97 03/29/23 CNY 39.93 DANGYANG XINYUAN INVESTM 4.97 03/29/23 CNY 39.98 DANYANG HI-TECH INDUSTRY 6.40 04/24/22 CNY 20.00 DANYANG HI-TECH INDUSTRY 6.40 04/24/22 CNY 20.03 DANYANG INVESTMENT GROUP 3.99 01/25/23 CNY 20.05 DANYANG INVESTMENT GROUP 3.99 01/25/23 CNY 20.05 DANYANG INVESTMENT GROUP 5.49 07/18/24 CNY 61.73 DASHIQIAO URBAN CONSTRUC 7.59 08/14/24 CNY 62.16 DASHIQIAO URBAN CONSTRUC 7.59 08/14/24 CNY 62.16 DASHIQIAO URBAN CONSTRUC 7.82 12/01/24 CNY 62.97 DATONG ECONOMIC CONSTRUC 4.49 10/22/22 CNY 20.07 DAWA COUNTY CITY CONSTRU 6.29 06/12/22 CNY 19.77 DAWA COUNTY CITY CONSTRU 6.29 06/12/22 CNY 20.00 DAWA COUNTY LINGANG ECO 5.99 10/19/24 CNY 60.94 DAYE ZHENHENG CITY DEVEL 4.50 03/28/23 CNY 38.84 DAYE ZHENHENG CITY DEVEL 4.50 03/28/23 CNY 40.07 DAYE ZHENHENG CITY DEVEL 4.05 08/31/23 CNY 37.53 DAYE ZHENHENG CITY DEVEL 4.05 08/31/23 CNY 37.59 DAZHOU DEVELOPMENT HOLDI 5.10 11/27/22 CNY 20.00 DAZHOU DEVELOPMENT HOLDI 5.10 11/27/22 CNY 20.24 DAZHOU INVESTMENT CO LTD 3.99 11/04/26 CNY 69.50 DAZHOU INVESTMENT CO LTD 3.99 11/04/26 CNY 70.11 DEQING CONSTRUCTION INVE 3.60 11/11/23 CNY 40.22 DEXING INVESTMENT HOLDIN 5.99 03/21/23 CNY 40.13 DEXING INVESTMENT HOLDIN 5.99 03/21/23 CNY 43.80 DINGYUAN COUNTY URBAN AN 5.80 12/06/24 CNY 60.00 DINGYUAN COUNTY URBAN AN 5.80 12/06/24 CNY 62.56 DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.00 DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.24 DONGTAI STATE-OWNED ASSE 3.04 11/16/23 CNY 39.67 DONGYING CITY URBAN ASSE 5.57 03/31/22 CNY 20.06 DONGYING CITY URBAN ASSE 5.57 03/31/22 CNY 20.33 DONGZHI COUNTY CITY OPER 4.88 06/20/23 CNY 40.24 DONGZHI COUNTY CITY OPER 4.88 06/20/23 CNY 40.38 DUJIANGYAN NEW CITY CONS 6.90 10/19/24 CNY 54.00 DUJIANGYAN NEW CITY CONS 6.90 10/19/24 CNY 62.53 DUJIANGYAN XINGYAN INVES 6.10 03/12/22 CNY 19.00 DUJIANGYAN XINGYAN INVES 6.10 03/12/22 CNY 19.98 DUNYUN STATE-OWNED ASSET 6.60 12/28/22 CNY 19.49 ENSHI URBAN CONSTRUCTION 3.84 11/01/23 CNY 39.75 ENSHI URBAN CONSTRUCTION 3.84 11/01/23 CNY 39.78 EVERGRANDE REAL ESTATE G 6.98 07/08/22 CNY 27.00 EVERGRANDE REAL ESTATE G 6.27 05/06/23 CNY 30.00 EVERGRANDE REAL ESTATE G 6.80 05/06/24 CNY 35.69 FANTASIA GROUP CHINA CO 7.50 12/17/21 CNY 74.00 FANTASIA GROUP CHINA CO 7.80 11/29/22 CNY 44.83 FEICHENG CITY ASSETS MAN 4.04 03/23/23 CNY 39.70 FEICHENG CITY ASSETS MAN 4.04 03/23/23 CNY 40.13 FEIXI COUNTY URBAN & RUR 4.45 06/03/23 CNY 40.53 FEIXI COUNTY URBAN & RUR 4.45 06/03/23 CNY 41.24 FENG COUNTY ECONOMIC DEV 5.18 06/21/23 CNY 38.96 FENG COUNTY ECONOMIC DEV 5.18 06/21/23 CNY 40.02 FENGCHENG CITY MODERN IN 5.76 12/17/22 CNY 19.52 FENGCHENG CITY MODERN IN 5.76 12/17/22 CNY 20.00 FENGDU COUNTY STATE-OWNE 6.38 09/05/24 CNY 60.00 FENGDU COUNTY STATE-OWNE 6.38 09/05/24 CNY 62.26 FENGHUANG MINGCHENG CONS 6.50 03/23/24 CNY 60.90 FENGTAI HUAXING CITY DEV 5.60 03/13/24 CNY 61.47 FENGTAI HUAXING CITY DEV 5.60 03/13/24 CNY 61.51 FENGXIAN URBAN INVESTMEN 6.48 03/20/22 CNY 20.00 FENGXIAN URBAN INVESTMEN 6.48 03/20/22 CNY 20.04 FENGYANG COUNTY ECONOMY 6.00 11/16/24 CNY 62.61 FENGYANG COUNTY ECONOMY 6.00 11/16/24 CNY 62.64 FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 39.71 FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 40.13 FUJIAN FUSHENG GROUP CO 7.90 11/19/21 CNY 60.00 FUJIAN JINJIANG URBAN CO 3.35 08/24/23 CNY 40.42 FUJIAN PROVINCE LIANJIAN 6.29 04/30/22 CNY 20.00 FUJIAN PROVINCE LIANJIAN 6.29 04/30/22 CNY 20.13 FUJIAN ZHANGLONG GROUP C 4.99 08/07/22 CNY 20.00 FUJIAN ZHANGLONG GROUP C 4.99 08/07/22 CNY 20.17 FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.62 FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.73 FUQING CITY STATE-OWNED 5.94 11/26/22 CNY 25.25 FUXIN INFRASTRUCTURE CON 6.18 03/18/22 CNY 19.96 FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 40.20 FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 40.37 FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 40.11 FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 40.11 FUZHOU DONGXIANG INVESTM 6.20 03/20/24 CNY 61.83 FUZHOU DONGXIANG INVESTM 6.20 03/20/24 CNY 61.84 FUZHOU INVESTMENT DEVELO 5.70 10/30/24 CNY 60.00 FUZHOU INVESTMENT DEVELO 5.70 10/30/24 CNY 60.69 FUZHOU LINCHUAN URBAN CO 5.68 07/05/23 CNY 38.89 FUZHOU LINCHUAN URBAN CO 5.68 07/05/23 CNY 40.12 FUZHOU LINCHUAN URBAN CO 6.50 12/25/24 CNY 56.60 FUZHOU URBAN AND RURAL C 4.89 07/08/22 CNY 20.10 FUZHOU URBAN AND RURAL C 4.89 07/08/22 CNY 20.55 GANSU PROVINCIAL HIGHWAY 6.58 09/24/22 CNY 40.80 GANSU PROVINCIAL HIGHWAY 6.20 03/28/23 CNY 71.32 GANZHOU CITY DEVELOPMENT 5.50 06/16/22 CNY 20.00 GANZHOU CITY DEVELOPMENT 5.50 06/16/22 CNY 20.15 GANZHOU DEVELOPMENT INVE 8.10 12/11/23 CNY 42.63 GAOMI CITY CONSTRUCTION 5.95 09/18/24 CNY 59.40 GAOMI CITY CONSTRUCTION 5.95 09/18/24 CNY 60.00 GAOMI STATE-OWNED ASSETS 4.69 01/26/23 CNY 19.55 GAOMI STATE-OWNED ASSETS 4.69 01/26/23 CNY 19.66 GAOQING LU QING ASSET MA 7.50 09/27/24 CNY 62.45 GAOQING LU QING ASSET MA 7.50 09/27/24 CNY 63.92 GAOYOU CITY CONSTRUCTION 5.48 09/15/22 CNY 20.00 GAOYOU CITY CONSTRUCTION 5.48 09/15/22 CNY 20.28 GAOYOU CITY ECONOMY DEVE 3.65 09/02/23 CNY 40.00 GAOYOU CITY ECONOMY DEVE 3.65 09/02/23 CNY 40.22 GAOYOU CITY ECONOMY DEVE 5.26 07/13/24 CNY 61.61 GAOYOU CITY ECONOMY DEVE 5.26 07/13/24 CNY 62.10 GONG'AN COUNTY CITY CONS 4.30 08/30/23 CNY 39.92 GONG'AN COUNTY CITY CONS 4.30 08/30/23 CNY 40.05 GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 40.17 GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 40.17 GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 20.03 GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 24.00 GUANGAN ECONOMIC & TECHN 5.16 04/14/23 CNY 39.98 GUANGAN ECONOMIC & TECHN 5.16 04/14/23 CNY 40.11 GUANGAN TRANSPORTATION I 5.39 12/01/23 CNY 34.35 GUANGAN XINHONG INVESTME 7.18 08/28/24 CNY 59.68 GUANGAN XINHONG INVESTME 7.18 08/28/24 CNY 60.00 GUANGDE CITY STATE-OWNED 5.37 07/18/24 CNY 60.98 GUANGDE CITY STATE-OWNED 5.37 07/18/24 CNY 61.90 GUANGDONG HUIZHOU COMMUN 4.16 05/17/23 CNY 40.37 GUANGDONG HUIZHOU COMMUN 4.16 05/17/23 CNY 40.38 GUANGDONG HUIZHOU COMMUN 4.95 12/27/23 CNY 40.58 GUANGDONG HUIZHOU COMMUN 4.95 12/27/23 CNY 41.00 GUANGRAO COUNTY ECONOMIC 3.61 09/08/23 CNY 40.27 GUANGSHUI CITY DEVELOPME 6.19 03/01/24 CNY 61.46 GUANGSHUI CITY DEVELOPME 6.19 03/01/24 CNY 61.52 GUANGXI LIUZHOU DONGCHEN 6.50 07/24/24 CNY 71.44 GUANGXI LIUZHOU INVESTME 4.28 03/08/23 CNY 37.94 GUANGYUAN YUANQU CONSTRU 4.48 03/10/23 CNY 40.03 GUANGYUAN YUANQU CONSTRU 4.48 03/10/23 CNY 40.04 GUANGZHOU HEJING HOLDING 6.15 12/17/22 CNY 73.05 GUANGZHOU HUANTOU NANSHA 6.38 11/18/24 CNY 45.67 GUANGZHOU HUANTOU NANSHA 6.38 11/18/24 CNY 45.99 GUANGZHOU METRO GROUP CO 6.45 04/02/24 CNY 45.00 GUANGZHOU METRO GROUP CO 6.45 04/02/24 CNY 46.76 GUANGZHOU METRO GROUP CO 6.05 06/03/24 CNY 46.80 GUANGZHOU PANYU INFORMAT 4.50 09/08/26 CNY 70.51 GUANGZHOU PANYU INFORMAT 4.50 09/08/26 CNY 71.45 GUANGZHOU R&F PROPERTIES 6.70 04/07/22 CNY 55.07 GUANGZHOU R&F PROPERTIES 6.80 05/16/22 CNY 49.00 GUANGZHOU TIMES HOLDING 5.00 02/24/25 CNY 59.20 GUANGZHOU TIMES HOLDING 5.10 03/30/25 CNY 56.01 GUANGZHOU TIMES HOLDING 5.94 07/17/25 CNY 51.02 GUCHENG CONSTRUCTION INV 7.88 04/27/25 CNY 71.76 GUILIN ECONOMIC CONSTRUC 5.60 04/22/22 CNY 20.00 GUILIN ECONOMIC CONSTRUC 5.60 04/22/22 CNY 20.09 GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50 GUIXI STATE OWNED HOLDIN 4.18 08/18/23 CNY 39.66 GUIXI STATE OWNED HOLDIN 4.18 08/18/23 CNY 39.74 GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 19.79 GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 20.00 GUIYANG BAIYUN URBAN CON 6.48 07/17/24 CNY 59.79 GUIYANG BAIYUN URBAN CON 6.48 07/17/24 CNY 60.00 GUIYANG BAIYUN URBAN CON 7.28 09/25/24 CNY 58.09 GUIYANG BAIYUN URBAN CON 7.28 09/25/24 CNY 60.00 GUIYANG BAIYUN URBAN CON 4.75 09/13/26 CNY 61.46 GUIYANG BAIYUN URBAN CON 4.75 09/13/26 CNY 65.71 GUIYANG CITY CONSTRUCTIO 4.37 03/25/26 CNY 67.26 GUIYANG CITY CONSTRUCTIO 4.37 03/25/26 CNY 67.44 GUIYANG CITY CONSTRUCTIO 4.00 11/14/26 CNY 65.73 GUIYANG CITY CONSTRUCTIO 4.00 11/14/26 CNY 65.85 GUIYANG ECONOMIC DEVELOP 6.35 09/21/24 CNY 58.79 GUIYANG GUANSHANHU DISTR 4.87 01/28/23 CNY 18.87 GUIYANG GUANSHANHU DISTR 4.87 01/28/23 CNY 19.98 GUIYANG GUANSHANHU DISTR 4.48 03/09/23 CNY 37.11 GUIYANG GUANSHANHU DISTR 4.48 03/09/23 CNY 39.19 GUIYANG GUANSHANHU DISTR 6.49 06/22/24 CNY 56.32 GUIYANG GUANSHANHU DISTR 6.49 06/22/24 CNY 56.48 GUIYANG GUANSHANHU INVES 7.50 12/25/22 CNY 40.84 GUIYANG INVESTMENT HOLDI 4.46 11/17/26 CNY 68.87 GUIYANG INVESTMENT HOLDI 4.46 11/17/26 CNY 68.99 GUIYANG URBAN CONSTRUCTI 5.23 12/02/22 CNY 19.88 GUIYANG URBAN CONSTRUCTI 5.23 12/02/22 CNY 20.06 GUIYANG URBAN CONSTRUCTI 5.98 07/21/24 CNY 60.00 GUIYANG URBAN CONSTRUCTI 5.98 07/21/24 CNY 61.23 GUIYANG YUNYAN GUIZHONG 6.80 11/17/24 CNY 60.00 GUIYANG YUNYAN GUIZHONG 6.80 11/17/24 CNY 60.82 GUIZHOU EAST LAKE CITY C 5.18 01/06/23 CNY 18.16 GUIZHOU GUIAN CONSTRUCTI 4.17 10/28/22 CNY 20.15 GUIZHOU GUIAN CONSTRUCTI 4.17 10/28/22 CNY 21.00 GUIZHOU GUILONG INDUSTRI 7.80 04/28/22 CNY 25.02 GUIZHOU GUILONG INDUSTRI 7.80 04/28/22 CNY 25.13 GUIZHOU HONGCAI INVESTME 6.00 06/07/23 CNY 28.44 GUIZHOU HONGCAI INVESTME 6.00 06/07/23 CNY 29.68 GUIZHOU HONGGUO ECONOMIC 7.80 11/24/24 CNY 50.00 GUIZHOU HONGGUO ECONOMIC 7.80 11/24/24 CNY 63.05 GUIZHOU HONGGUO ECONOMIC 7.80 02/08/25 CNY 48.00 GUIZHOU HONGGUO ECONOMIC 7.80 02/08/25 CNY 63.36 GUIZHOU KAILI KAIYUAN CI 7.30 05/26/24 CNY 59.87 GUIZHOU KAILI KAIYUAN CI 7.30 05/26/24 CNY 61.65 GUIZHOU KAILI KAIYUAN CI 7.28 08/29/24 CNY 60.00 GUIZHOU KAILI KAIYUAN CI 7.28 08/29/24 CNY 61.89 GUIZHOU LIUPANSHUI PANDE 7.30 07/24/24 CNY 51.88 GUIZHOU RAILWAY INVESTME 7.20 03/27/22 CNY 20.07 GUIZHOU RAILWAY INVESTME 7.20 03/27/22 CNY 20.22 GUIZHOU RAILWAY INVESTME 7.50 04/23/24 CNY 46.79 GUIZHOU SHUICHENG CITY I 4.98 11/22/23 CNY 35.12 GUIZHOU SHUICHENG CITY I 4.98 11/22/23 CNY 35.69 GUIZHOU SHUICHENG ECONOM 7.50 10/26/25 CNY 39.50 GUIZHOU SHUICHENG WATER 8.00 11/27/25 CNY 59.00 GUIZHOU SHUICHENG WATER 8.00 11/27/25 CNY 73.92 GUIZHOU XINDONGGUAN CIVI 7.70 09/05/24 CNY 55.78 GUIZHOU ZHONGSHAN DEVELO 6.46 11/22/27 CNY 74.74 GULIN STATE-OWNED ASSETS 4.18 08/04/23 CNY 39.57 GULIN STATE-OWNED ASSETS 4.18 08/04/23 CNY 39.60 GULIN STATE-OWNED ASSETS 5.96 07/24/24 CNY 60.87 GULIN STATE-OWNED ASSETS 5.96 07/24/24 CNY 64.51 HAIAN DEVELOPMENT ZONE C 4.47 11/16/23 CNY 39.66 HAIAN DEVELOPMENT ZONE C 4.47 11/16/23 CNY 39.73 HAIAN ECONOMIC TECHNOLOG 5.45 04/13/23 CNY 40.20 HAIAN ECONOMIC TECHNOLOG 5.45 04/13/23 CNY 40.32 HAIAN URBAN DEMOLITION & 5.08 11/27/22 CNY 20.24 HAIAN URBAN DEMOLITION & 5.08 11/27/22 CNY 20.58 HAICHENG URBAN JINCAI LA 5.37 08/10/23 CNY 40.23 HAIFENG MARINE INFRASTRU 6.84 04/29/22 CNY 20.07 HAIKOU MEILAN INTERNATIO 5.25 09/06/19 USD 15.84 HAINAN AIRLINES HOLDING 6.20 05/24/21 CNY 51.00 HAINING ASSET MANAGEMENT 3.40 08/16/23 CNY 69.60 HAIYAN COUNTY STATE-OWNE 5.80 06/12/24 CNY 62.10 HAMI JIANHUI STATE-OWNED 3.90 09/21/23 CNY 39.95 HANCHENG CITY INVESTMENT 4.69 12/05/23 CNY 37.48 HANCHENG CITY INVESTMENT 4.69 12/05/23 CNY 38.81 HANCHUAN CITY HANRONG IN 4.25 07/18/23 CNY 39.93 HANCHUAN CITY HANRONG IN 4.25 07/18/23 CNY 40.01 HANDAN CONSTRUCTION & IN 5.48 05/27/22 CNY 20.14 HANDAN CONSTRUCTION & IN 5.48 05/27/22 CNY 27.20 HANGZHOU CANAL COMPREHEN 3.40 10/17/23 CNY 40.13 HANGZHOU CANAL COMPREHEN 3.40 10/17/23 CNY 40.13 HANGZHOU FUYANG DEVELOPM 4.76 01/27/23 CNY 20.19 HANGZHOU FUYANG DEVELOPM 4.76 01/27/23 CNY 20.32 HANGZHOU GONGSHU DISTRIC 3.80 03/14/23 CNY 40.00 HANGZHOU GONGSHU DISTRIC 3.80 03/14/23 CNY 40.14 HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 47.10 HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 47.12 HANGZHOU WEST LAKE INVES 4.30 04/25/23 CNY 40.07 HANGZHOU WEST LAKE INVES 4.30 04/25/23 CNY 40.36 HANGZHOU XIAOSHAN QIANJI 4.00 03/22/23 CNY 39.99 HANGZHOU XIAOSHAN QIANJI 4.00 03/22/23 CNY 40.25 HANJIANG STATE-OWNED-ASS 5.40 04/21/24 CNY 61.63 HANJIANG STATE-OWNED-ASS 5.40 04/21/24 CNY 61.90 HANSHAN CITY CONSTRUCTIO 6.20 08/30/24 CNY 60.00 HANSHAN CITY CONSTRUCTIO 6.20 08/30/24 CNY 62.10 HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 19.29 HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 19.91 HECHI STATE-OWNED CAPITA 4.37 11/04/23 CNY 38.88 HECHI STATE-OWNED CAPITA 4.37 11/04/23 CNY 39.47 HEFEI CONSTRUCTION INVES 7.20 04/29/24 CNY 47.28 HEFEI CONSTRUCTION INVES 7.20 04/29/24 CNY 47.45 HEFEI XINCHENG STATE-OWN 4.13 07/15/23 CNY 40.00 HEFEI XINCHENG STATE-OWN 4.13 07/15/23 CNY 40.39 HEGANG URBAN CONSTRUCTIO 6.90 12/18/24 CNY 62.87 HEGANG URBAN CONSTRUCTIO 6.90 12/18/24 CNY 62.88 HEILONGJIANG HECHENG CON 7.05 06/21/22 CNY 15.10 HEISHAN TONGHE ASSET MAN 6.79 09/18/22 CNY 19.28 HEISHAN TONGHE ASSET MAN 6.79 09/18/22 CNY 19.72 HENGDONG URBAN & RURAL C 6.60 12/27/23 CNY 40.79 HENGDONG URBAN & RURAL C 6.60 12/27/23 CNY 40.79 HENGYANG BINJIANG NEW DI 5.47 07/27/24 CNY 61.83 HENGYANG CITY AND URBAN 7.50 09/22/24 CNY 60.58 HENGYANG CITY AND URBAN 7.50 09/22/24 CNY 62.97 HENGYANG CITY AND URBAN 7.80 12/14/24 CNY 63.67 HENGYANG CITY AND URBAN 7.80 12/14/24 CNY 63.67 HENGYANG COMMUNICATION C 4.28 01/21/23 CNY 20.00 HENGYANG COMMUNICATION C 4.28 01/21/23 CNY 20.19 HESHAN PUBLIC ASSET MANA 4.08 09/28/23 CNY 39.93 HESHAN PUBLIC ASSET MANA 4.08 09/28/23 CNY 40.17 HESHAN PUBLIC ASSET MANA 5.08 12/07/23 CNY 40.84 HESHAN PUBLIC ASSET MANA 5.08 12/07/23 CNY 41.03 HETIAN YUXIN STATE-OWNED 4.65 03/28/23 CNY 39.70 HETIAN YUXIN STATE-OWNED 4.65 03/28/23 CNY 39.73 HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00 HNA GROUP CO LTD 5.99 11/27/22 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JIANAN INVESTMENT HOLDIN 4.30 03/08/23 CNY 40.28 JIANAN INVESTMENT HOLDIN 4.30 03/08/23 CNY 40.32 JIANAN INVESTMENT HOLDIN 3.50 09/05/23 CNY 40.00 JIANAN INVESTMENT HOLDIN 3.85 09/05/23 CNY 40.33 JIANAN INVESTMENT HOLDIN 3.50 09/05/23 CNY 40.43 JIANAN INVESTMENT HOLDIN 3.85 09/05/23 CNY 40.56 JIANDE STATE-OWNED ASSET 6.69 11/20/24 CNY 63.00 JIANGMEN NEW HI-TECH IND 6.03 04/22/22 CNY 20.11 JIANGMEN NEW HI-TECH IND 6.03 04/22/22 CNY 20.35 JIANGSU BEIGU INDUSTRIAL 5.80 06/20/23 CNY 40.22 JIANGSU BEIGU INDUSTRIAL 5.80 06/20/23 CNY 40.48 JIANGSU DAHANG LINGANG I 5.18 09/22/23 CNY 39.49 JIANGSU DAHANG LINGANG I 5.18 09/22/23 CNY 39.54 JIANGSU GAOCHUN ECONOMIC 3.67 09/23/23 CNY 39.97 JIANGSU GAOCHUN ECONOMIC 3.67 09/23/23 CNY 40.12 JIANGSU GAOCHUN ECONOMIC 3.92 11/23/23 CNY 40.07 JIANGSU GAOCHUN ECONOMIC 3.92 11/23/23 CNY 40.45 JIANGSU GAOCHUN ECONOMIC 5.66 06/26/24 CNY 61.49 JIANGSU GAOCHUN ECONOMIC 5.66 06/26/24 CNY 61.50 JIANGSU GAOCHUN ECONOMIC 6.08 08/14/24 CNY 59.57 JIANGSU GAOCHUN ECONOMIC 6.08 08/14/24 CNY 62.04 JIANGSU HAIRUN CITY DEVE 6.22 04/03/22 CNY 19.10 JIANGSU HAIRUN CITY DEVE 6.22 04/03/22 CNY 20.06 JIANGSU HAIZHOU DEVELOPM 4.67 06/06/23 CNY 39.82 JIANGSU HAIZHOU DEVELOPM 4.67 06/06/23 CNY 40.45 JIANGSU HAIZHOUWAN DEVEL 5.38 03/29/23 CNY 29.50 JIANGSU HANRUI INVESTMEN 4.63 04/15/23 CNY 39.50 JIANGSU HANRUI INVESTMEN 4.63 04/15/23 CNY 40.34 JIANGSU HANRUI INVESTMEN 5.00 08/31/23 CNY 39.53 JIANGSU HANRUI INVESTMEN 5.00 08/31/23 CNY 39.83 JIANGSU HONGTU HIGH TECH 5.00 07/22/19 CNY 19.80 JIANGSU HONGZE LAKE SHEN 6.50 08/01/24 CNY 60.21 JIANGSU JINHUI GROUP CO 5.16 07/14/24 CNY 61.53 JIANGSU JINHUI GROUP CO 5.16 07/14/24 CNY 61.75 JIANGSU JINTAN GUOFA INT 4.60 08/22/23 CNY 39.91 JIANGSU JINTAN GUOFA INT 4.60 08/22/23 CNY 39.92 JIANGSU KAIYUAN INVESTME 7.08 08/03/24 CNY 58.35 JIANGSU KAIYUAN INVESTME 7.08 08/03/24 CNY 60.00 JIANGSU QISHENG GROUP CO 4.00 03/18/23 CNY 40.07 JIANGSU QISHENG GROUP CO 4.00 03/18/23 CNY 40.18 JIANGSU RUNCHENG ASSET O 5.65 04/19/24 CNY 61.75 JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 20.12 JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 20.50 JIANGSU YANGKOU PORT CON 6.23 04/10/22 CNY 20.07 JIANGSU YANGKOU PORT CON 6.23 04/10/22 CNY 27.50 JIANGSU YINGZHOU DEVELOP 4.33 09/21/23 CNY 38.98 JIANGSU YINGZHOU DEVELOP 4.33 09/21/23 CNY 39.21 JIANGSU YIXING ENVIRONME 4.08 09/14/23 CNY 40.28 JIANGSU YIXING ENVIRONME 4.08 09/14/23 CNY 40.29 JIANGSU ZHONGAN CONSTRUC 5.65 03/24/24 CNY 60.95 JIANGSU ZHONGAN CONSTRUC 5.65 03/24/24 CNY 61.70 JIANGSU ZHONGGUANCUN SCI 5.70 08/30/24 CNY 61.60 JIANGSU ZHONGGUANCUN SCI 5.70 08/30/24 CNY 61.94 JIANGSU ZHUFU INDUSTRIAL 4.47 07/20/23 CNY 38.41 JIANGSU ZHUFU INDUSTRIAL 4.47 07/20/23 CNY 39.50 JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 19.79 JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 20.00 JIANGXI HUKOU SHIZHONG D 6.80 12/01/24 CNY 60.00 JIANGXI HUKOU SHIZHONG D 6.80 12/01/24 CNY 62.71 JIANGXI JIHU DEVELOPMENT 6.80 02/07/25 CNY 60.00 JIANGXI JIHU DEVELOPMENT 6.80 02/07/25 CNY 62.80 JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 40.05 JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 40.05 JIANGXI PINGXIANG CHANGS 6.00 08/11/24 CNY 60.00 JIANGXI PINGXIANG CHANGS 6.00 08/11/24 CNY 60.07 JIANGXI XIUSHUI CITY INV 7.40 12/08/24 CNY 61.97 JIANGYOU HONGFEI INVESTM 6.55 09/02/22 CNY 20.10 JIANGYOU HONGFEI INVESTM 6.55 09/02/22 CNY 20.31 JIANHU URBAN CONSTRUCTIO 6.30 06/01/22 CNY 20.00 JIANHU URBAN CONSTRUCTIO 6.30 06/01/22 CNY 22.86 JIANLI FENGYUAN CITY INV 6.78 04/28/24 CNY 61.18 JIANLI FENGYUAN CITY INV 6.78 04/28/24 CNY 61.19 JIANYANG DEVELOPMENT HOL 3.93 11/10/23 CNY 38.91 JIANYANG DEVELOPMENT HOL 3.93 11/10/23 CNY 38.94 JIANYANG MODERN INDUSTRY 6.00 04/24/24 CNY 60.36 JIANYANG MODERN INDUSTRY 6.00 04/24/24 CNY 61.22 JIAXING JIAXIU DEVELOPME 5.60 09/25/24 CNY 61.80 JIAXING JIAXIU DEVELOPME 5.60 09/25/24 CNY 62.14 JIAXING XIANGJIADANG DEV 4.13 07/20/23 CNY 39.67 JIAXING XIANGJIADANG DEV 4.13 07/20/23 CNY 40.30 JIAXING XIANGJIADANG DEV 3.87 09/21/23 CNY 39.48 JIAXING XIANGJIADANG DEV 3.87 09/21/23 CNY 40.34 JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 20.09 JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 20.28 JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 41.14 JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 41.23 JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.93 JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.93 JILIN CITY CONSTRUCTION 3.80 01/27/23 CNY 19.94 JILIN ECONOMIC AND TECHN 6.20 04/29/23 CNY 40.28 JILIN ECONOMIC AND TECHN 6.20 04/29/23 CNY 40.39 JIN HUA RONG SHENG INVES 6.85 12/27/24 CNY 60.00 JIN HUA RONG SHENG INVES 6.85 12/27/24 CNY 63.46 JINAN CITY LICHENG DISTR 5.00 06/23/22 CNY 19.99 JINAN CITY LICHENG DISTR 5.00 06/23/22 CNY 20.09 JINGDEZHEN CERAMIC CULTU 5.38 11/27/22 CNY 20.00 JINGDEZHEN CERAMIC CULTU 5.38 11/27/22 CNY 20.13 JINGJIANG BINJIANG XINCH 5.37 07/25/24 CNY 61.29 JINGJIANG CITY INVESTMEN 4.55 03/30/23 CNY 39.85 JINGJIANG CITY INVESTMEN 4.55 03/30/23 CNY 39.92 JINGMEN CITY CONSTRUCTIO 6.85 07/09/22 CNY 15.00 JINGMEN CITY CONSTRUCTIO 6.85 07/09/22 CNY 15.14 JINGMEN HIGH-TECH DEVELO 5.48 08/11/22 CNY 20.18 JINGMEN HIGH-TECH DEVELO 5.48 08/11/22 CNY 20.18 JINGMEN HIGH-TECH DEVELO 4.15 07/28/23 CNY 39.67 JINGMEN HIGH-TECH DEVELO 4.15 07/28/23 CNY 39.98 JINGSHAN JINGCHENG INVES 4.38 08/29/23 CNY 39.87 JINGSHAN JINGCHENG INVES 4.38 08/29/23 CNY 40.44 JINGSHAN JINGCHENG INVES 7.00 02/07/25 CNY 60.00 JINGSHAN JINGCHENG INVES 7.00 02/07/25 CNY 64.17 JINGXIAN STATED-OWNED AS 6.80 02/09/25 CNY 60.00 JINGXIAN STATED-OWNED AS 6.80 02/09/25 CNY 63.27 JINGZHOU DEVELOPMENT ZON 4.87 09/23/26 CNY 66.02 JINGZHOU DEVELOPMENT ZON 4.87 09/23/26 CNY 66.60 JINGZHOU URBAN CONSTRUCT 3.97 03/10/23 CNY 40.21 JINGZHOU URBAN CONSTRUCT 3.97 03/10/23 CNY 40.22 JINGZHOU URBAN CONSTRUCT 5.68 07/20/24 CNY 61.70 JINGZHOU URBAN CONSTRUCT 5.68 07/20/24 CNY 61.97 JINHU COUNTY STATE-OWNED 4.00 07/26/22 CNY 25.00 JINHU COUNTY STATE-OWNED 4.00 07/26/22 CNY 25.04 JINING CITY SHIZHONG DIS 3.52 09/14/23 CNY 38.80 JINING CITY SHIZHONG DIS 3.52 09/14/23 CNY 39.42 JINING HIGH TECH URBAN C 6.09 04/30/22 CNY 20.09 JINING HIGH TECH URBAN C 6.09 04/30/22 CNY 21.50 JINING HIGH TECH URBAN C 5.88 04/25/23 CNY 71.02 JINING MINING GROUP LOGI 7.00 11/27/24 CNY 62.35 JINKE PROPERTIES GROUP C 6.85 05/28/24 USD 57.76 JINKE PROPERTIES GROUP C 6.30 03/04/25 CNY 71.01 JINSHA COUNTY CONSTRUCTI 6.01 09/05/23 CNY 38.86 JINSHA COUNTY CONSTRUCTI 6.01 09/05/23 CNY 39.41 JINTANG MODERN AGRICULTU 5.49 07/14/23 CNY 39.81 JINTANG MODERN AGRICULTU 5.49 07/14/23 CNY 40.47 JINXIAN COUNTY CITY CONS 6.20 07/24/24 CNY 62.38 JINZHAI URBAN DEVELOPMEN 5.90 04/25/23 CNY 40.72 JINZHAI URBAN DEVELOPMEN 5.90 04/25/23 CNY 40.73 JISHOU HUATAI STATE OWNE 6.50 06/21/24 CNY 61.12 JISHOU HUATAI STATE OWNE 6.50 06/21/24 CNY 62.50 JISHOU HUATAI STATE OWNE 6.45 09/11/24 CNY 60.00 JISHOU HUATAI STATE OWNE 6.45 09/11/24 CNY 61.87 JIUJIANG CITY CONSTRUCTI 5.50 05/22/22 CNY 19.55 JIUJIANG CITY CONSTRUCTI 5.50 05/22/22 CNY 20.12 JIUJIANG LAND INVESTMENT 6.20 03/23/22 CNY 19.98 JIUJIANG LAND INVESTMENT 6.20 03/23/22 CNY 20.07 JIUJIANG LIANXI DISTRICT 4.58 03/30/23 CNY 40.09 JIUJIANG LIANXI DISTRICT 4.58 03/30/23 CNY 40.14 JUNAN COUNTY URBAN CONST 7.50 09/26/24 CNY 59.81 JUNAN COUNTY URBAN CONST 7.50 09/26/24 CNY 62.29 JURONG URBAN CONSTRUCTIO 6.89 09/18/24 CNY 60.00 JURONG URBAN CONSTRUCTIO 6.89 09/18/24 CNY 62.50 JURONG URBAN CONSTRUCTIO 6.80 11/06/24 CNY 60.00 JURONG URBAN CONSTRUCTIO 6.80 11/06/24 CNY 61.75 KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 20.05 KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 20.05 KAIFU CITY DEVELOPMENT C 4.20 01/21/23 CNY 19.85 KAIFU CITY DEVELOPMENT C 4.20 01/21/23 CNY 20.19 KAIFU CITY DEVELOPMENT C 3.73 08/22/23 CNY 40.05 KAIFU CITY DEVELOPMENT C 3.73 08/22/23 CNY 40.30 KAILI GUIZHOU TOWN CONST 5.29 12/17/22 CNY 19.15 KAILI GUIZHOU TOWN CONST 5.29 12/17/22 CNY 20.00 KAILI GUIZHOU TOWN CONST 4.20 10/13/23 CNY 37.32 KAILI GUIZHOU TOWN CONST 4.20 10/13/23 CNY 37.65 KANGMEI PHARMACEUTICAL C 6.28 03/20/21 CNY 20.50 KANGMEI PHARMACEUTICAL C 6.10 03/28/21 CNY 20.50 KANGMEI PHARMACEUTICAL C 5.50 04/20/21 CNY 20.50 KANGMEI PHARMACEUTICAL C 7.00 06/21/21 CNY 20.50 KANGMEI PHARMACEUTICAL C 6.80 06/28/21 CNY 20.50 KANGMEI PHARMACEUTICAL C 6.33 01/27/22 CNY 36.69 KANGMEI PHARMACEUTICAL C 5.20 07/17/22 CNY 20.50 KANGMEI PHARMACEUTICAL C 5.29 08/16/22 CNY 20.50 KANGMEI PHARMACEUTICAL C 5.47 09/15/22 CNY 20.50 KASHI URBAN CONSTRUCTION 5.80 07/20/22 CNY 20.07 KASHI URBAN CONSTRUCTION 5.80 07/20/22 CNY 20.10 KUNMING DIANCHI INVESTME 5.75 07/24/24 CNY 58.63 KUNMING DIANCHI INVESTME 5.75 07/24/24 CNY 58.65 KUNSHAN YINQIAO HOLDING 5.50 10/18/24 CNY 61.82 KUNSHAN YINQIAO HOLDING 5.50 10/18/24 CNY 64.10 LAOHEKOU CITY CONSTRUCTI 6.75 08/12/22 CNY 20.02 LAOHEKOU CITY CONSTRUCTI 6.49 08/16/24 CNY 60.00 LAOHEKOU CITY CONSTRUCTI 6.49 08/16/24 CNY 60.41 LEGEND HOLDINGS CORP 4.60 07/06/26 CNY 75.52 LEIYANG CITY AND RURAL C 7.80 04/10/22 CNY 20.13 LEIYANG CITY AND RURAL C 7.80 04/10/22 CNY 20.13 LEPING STATE-OWNED ASSET 3.70 10/20/23 CNY 39.79 LEPING STATE-OWNED ASSET 3.70 10/20/23 CNY 39.99 LEQING CITY STATE OWNED 6.79 12/14/24 CNY 60.00 LEQING CITY STATE OWNED 6.79 12/14/24 CNY 63.94 LIANYUNGANG HENGCHI INDU 7.45 09/22/24 CNY 58.76 LIANYUNGANG HENGCHI INDU 7.45 09/22/24 CNY 60.00 LIANYUNGANG HENGCHI INDU 7.40 10/27/24 CNY 60.00 LIANYUNGANG HENGCHI INDU 7.40 10/27/24 CNY 62.16 LIAOCHENG ANTAI URBAN RU 5.16 04/11/23 CNY 39.66 LIAOCHENG ANTAI URBAN RU 4.58 04/11/23 CNY 39.79 LIAOCHENG ANTAI URBAN RU 4.58 04/11/23 CNY 39.91 LIAOCHENG ANTAI URBAN RU 5.16 04/11/23 CNY 39.98 LIAOCHENG XINGYE HOLDING 5.20 04/13/23 CNY 39.60 LIAOCHENG XINGYE HOLDING 5.20 04/13/23 CNY 39.61 LIAONING GUANLONG CONSTR 4.70 11/10/23 CNY 39.50 LIAONING GUANLONG CONSTR 4.70 11/10/23 CNY 39.82 LIAONING YAODU DEVELOPME 6.50 04/29/23 CNY 40.45 LILING HIGH-TECH INDUSTR 4.93 01/19/23 CNY 20.03 LINFEN YAODU DISTRICT IN 7.19 03/13/22 CNY 20.03 LINQU YISHAN INDUSTRIAL 7.20 11/23/24 CNY 52.89 LINQU YISHAN INDUSTRIAL 7.20 11/23/24 CNY 60.76 LINWU SHUNFA URBAN CONST 7.00 08/23/24 CNY 60.00 LINWU SHUNFA URBAN CONST 7.00 08/23/24 CNY 61.97 LINYI CITY DEVELOPMENT G 3.85 11/22/23 CNY 39.84 LINYI CITY DEVELOPMENT G 3.85 11/22/23 CNY 40.19 LISHUI CITY CULTURAL TOU 5.67 08/13/22 CNY 20.25 LISHUI CITY CULTURAL TOU 5.67 08/13/22 CNY 20.35 LIUPANSHUI CITY TRAFFIC 5.98 05/02/24 CNY 57.85 LIUPANSHUI CITY TRAFFIC 5.98 05/02/24 CNY 61.67 LIUPANSHUI DEVELOPMENT I 3.74 01/20/23 CNY 19.80 LIUPANSHUI DEVELOPMENT I 3.74 01/20/23 CNY 20.11 LIUPANSHUI MINSHENG INVE 5.08 01/29/23 CNY 17.82 LIUYANG MODERN MANUFACTU 4.72 01/19/23 CNY 19.92 LIUYANG MODERN MANUFACTU 4.72 01/19/23 CNY 19.98 LIUYANG MODERN MANUFACTU 5.75 05/02/24 CNY 60.50 LIUYANG MODERN MANUFACTU 5.75 05/02/24 CNY 61.75 LIUYANG MODERN MANUFACTU 5.88 08/10/24 CNY 61.89 LIUYANG MODERN MANUFACTU 5.88 08/10/24 CNY 62.26 LIUYANG URBAN CONSTRUCTI 4.45 05/24/23 CNY 40.25 LIUYANG URBAN CONSTRUCTI 4.45 05/24/23 CNY 40.44 LIUZHI SPECIAL DISTRICT 7.00 11/16/24 CNY 60.00 LIUZHI SPECIAL DISTRICT 7.00 11/16/24 CNY 61.93 LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 14.28 LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 14.66 LIUZHOU DONGTONG INVESTM 4.45 07/22/23 CNY 38.40 LIUZHOU DONGTONG INVESTM 4.45 07/22/23 CNY 39.75 LIUZHOU LONGJIAN INVESTM 8.28 04/30/24 CNY 39.00 LIUZHOU LONGJIAN INVESTM 8.28 04/30/24 CNY 45.87 LONGCHANG DEVELOPMENT CO 7.09 10/31/24 CNY 60.00 LONGCHANG DEVELOPMENT CO 7.09 10/31/24 CNY 63.35 LONGYAN RAILWAY CONSTRUC 4.98 04/13/23 CNY 40.06 LONGYAN RAILWAY CONSTRUC 4.98 04/13/23 CNY 40.14 LOUDI TIDU INVESTMENT DE 4.83 01/20/23 CNY 19.98 LOUDI TIDU INVESTMENT DE 4.83 01/20/23 CNY 19.98 LOUDI WANBAO NEW DISTRIC 5.13 02/01/23 CNY 19.64 LOUDI WANBAO NEW DISTRIC 5.13 02/01/23 CNY 20.18 LOUDI WANBAO NEW DISTRIC 4.42 08/01/23 CNY 39.51 LOUDI WANBAO NEW DISTRIC 4.42 08/01/23 CNY 40.07 LU'AN JIN'AN DISTRICT UR 5.95 07/24/24 CNY 61.02 LUJIANG CITY CONSTRUCTIO 6.70 04/16/22 CNY 20.00 LUJIANG CITY CONSTRUCTIO 6.70 04/16/22 CNY 20.09 LUOYANG CITY COUNTRY CON 4.28 04/26/23 CNY 40.38 LUOYANG CITY DEVELOPMENT 4.47 12/02/22 CNY 20.00 LUOYANG CITY DEVELOPMENT 4.47 12/02/22 CNY 20.27 LUXI URBAN CONSTRUCTION 6.80 10/27/24 CNY 60.00 LUXI URBAN CONSTRUCTION 6.80 10/27/24 CNY 62.48 LUZHOU FUYANG INVESTMENT 5.00 08/11/23 CNY 36.90 LUZHOU FUYANG INVESTMENT 5.00 08/11/23 CNY 39.13 LUZHOU HUIXING INVESTMEN 6.28 10/19/24 CNY 61.04 LUZHOU HUIXING INVESTMEN 6.28 10/19/24 CNY 61.16 LUZHOU LIN GANG INVESTME 7.00 12/01/24 CNY 60.00 LUZHOU LIN GANG INVESTME 7.00 12/01/24 CNY 60.93 LUZHOU LIN GANG INVESTME 7.10 02/07/25 CNY 62.36 LUZHOU LIN GANG INVESTME 7.10 02/07/25 CNY 62.37 LUZHOU XINGLU INVESTMENT 6.41 04/23/25 CNY 60.00 LUZHOU XINGLU INVESTMENT 6.41 04/23/25 CNY 63.18 LUZHOU XINGYANG INVESTME 4.87 01/28/23 CNY 19.69 LUZHOU XINGYANG INVESTME 4.87 01/28/23 CNY 20.04 MA'ANSHAN CIHU HIGH TECH 3.90 11/28/23 CNY 39.87 MAANSHAN ECONOMIC TECHNO 6.49 03/06/22 CNY 20.03 MAANSHAN ECONOMIC TECHNO 6.49 03/06/22 CNY 24.99 MAANSHAN HUASHAN DISTRIC 6.07 04/20/22 CNY 20.11 MAANSHAN HUASHAN DISTRIC 6.07 04/20/22 CNY 20.16 MAANSHAN NINGBO INVESTME 7.50 04/18/26 CNY 40.00 MAANSHAN SOUTHERN INDUST 4.53 07/25/23 CNY 39.17 MAANSHAN SOUTHERN INDUST 4.53 07/25/23 CNY 40.07 MAANSHAN SOUTHERN INDUST 4.43 09/02/23 CNY 39.61 MAANSHAN SOUTHERN INDUST 4.43 09/02/23 CNY 39.85 MAANSHAN YUSHAN CITY DEV 5.62 07/31/24 CNY 60.51 MAANSHAN YUSHAN CITY DEV 5.62 07/31/24 CNY 60.52 MAANSHAN YUSHAN CITY DEV 5.85 09/22/24 CNY 60.78 MAANSHAN YUSHAN CITY DEV 5.85 09/22/24 CNY 60.79 MA'ANSHAN ZHENGPU HARBOR 6.00 10/13/24 CNY 62.17 MA'ANSHAN ZHENGPU HARBOR 6.00 10/13/24 CNY 64.26 MEISHAN CITY DONGPO DEVE 5.90 06/30/23 CNY 39.30 MEISHAN CITY DONGPO DEVE 5.90 06/30/23 CNY 40.04 MEISHAN HONGDA CONSTRUCT 4.18 03/28/23 CNY 39.60 MEISHAN HONGDA CONSTRUCT 4.18 03/28/23 CNY 39.76 MEISHAN MINDONG DEVELOPM 6.78 08/08/24 CNY 60.48 MEISHAN MINDONG DEVELOPM 6.78 08/08/24 CNY 61.49 MEIZHOU MEI COUNTY DISTR 5.00 12/30/22 CNY 20.22 MEIZHOU MEI COUNTY DISTR 5.00 12/30/22 CNY 20.29 MENGCHENG COUNTY URBAN D 5.60 09/21/24 CNY 61.75 MENGZI CITY DEVELOPMENT 7.65 09/25/24 CNY 62.26 MENGZI CITY DEVELOPMENT 7.65 09/25/24 CNY 62.29 MIANYANG HONGDA ASSET IN 7.20 09/29/24 CNY 60.00 MIANYANG HONGDA ASSET IN 7.20 09/29/24 CNY 62.79 MIANYANG HUIDONG INVESTM 8.10 02/10/25 CNY 63.90 MILE AGRICULTURAL INVEST 8.00 10/25/25 CNY 75.00 MUDANJIANG AREA URBAN DE 6.48 06/30/22 CNY 19.71 MUNICIPALITY OF SHENZHEN 3.00 03/29/22 CNY 20.00 MUNICIPALITY OF SHENZHEN 3.00 03/29/22 CNY 20.00 MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 62.50 MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 62.50 MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 63.06 MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 69.66 MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 69.66 MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 70.61 MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 75.00 MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 75.00 MUNICIPALITY OF SHENZHEN 3.31 01/14/27 CNY 75.00 MUNICIPALITY OF SHENZHEN 3.31 01/14/27 CNY 75.00 NANCHANG ECONOMY TECHNOL 3.83 09/22/23 CNY 40.18 NANCHANG ECONOMY TECHNOL 3.83 09/22/23 CNY 40.37 NANCHONG JIALING DEVELOP 7.80 12/12/24 CNY 60.00 NANCHONG JIALING DEVELOP 7.80 12/12/24 CNY 63.68 NANJING BAIXIA STATE-OWN 3.98 03/29/23 CNY 40.11 NANJING BAIXIA STATE-OWN 3.98 03/29/23 CNY 40.19 NANJING JIANGBEI NEW DIS 6.00 12/06/24 CNY 60.00 NANJING JIANGBEI NEW DIS 6.00 12/06/24 CNY 63.13 NANJING JIANGBEI NEW TOW 5.59 09/26/24 CNY 62.16 NANJING JIANGBEI NEW TOW 5.59 09/26/24 CNY 62.50 NANJING JIANGNING ECONOM 7.94 04/14/24 CNY 47.02 NANJING JIANGNING URBAN 3.48 11/11/23 CNY 39.75 NANJING JIANGNING URBAN 3.48 11/11/23 CNY 40.23 NANJING JIANYE SCIENCE & 4.37 06/24/23 CNY 40.27 NANJING JIANYE SCIENCE & 4.37 06/24/23 CNY 40.37 NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 40.00 NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 40.13 NANJING LISHUI URBAN CON 4.97 04/28/23 CNY 40.22 NANJING LISHUI URBAN CON 4.97 04/28/23 CNY 40.49 NANJING METRO GROUP CO L 3.29 08/29/23 CNY 40.28 NANJING METRO GROUP CO L 3.29 08/29/23 CNY 40.29 NANJING METRO GROUP CO L 4.22 11/28/23 CNY 71.29 NANJING PUKOU COMMUNICAT 5.46 07/19/24 CNY 61.79 NANJING QIXIA STATE-OWNE 4.10 06/24/23 CNY 40.26 NANJING QIXIA STATE-OWNE 4.10 06/24/23 CNY 40.33 NANJING STATE OWNED ASSE 5.60 03/06/23 CNY 30.40 NANLING COUNTY CONSTRUCT 6.20 09/06/24 CNY 60.00 NANLING COUNTY CONSTRUCT 6.20 09/06/24 CNY 62.32 NANNING HI-TECH INDUSTRI 4.28 03/25/23 CNY 35.20 NANNING HI-TECH INDUSTRI 4.28 03/25/23 CNY 39.91 NANNING HI-TECH INDUSTRI 3.82 10/20/23 CNY 39.50 NANNING HI-TECH INDUSTRI 3.82 10/20/23 CNY 39.76 NANPING CITY WUYI NEW DI 4.96 09/28/22 CNY 20.20 NANPING CITY WUYI NEW DI 4.96 09/28/22 CNY 20.21 NANTONG CHONGCHUAN URBAN 5.70 07/21/22 CNY 40.00 NANTONG CHONGCHUAN URBAN 5.70 07/21/22 CNY 40.47 NANTONG CITY TONGZHOU DI 3.75 07/07/23 CNY 40.21 NANTONG CITY TONGZHOU DI 4.88 04/10/24 CNY 61.09 NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 20.20 NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 20.26 NANTONG KAIYUAN INVESTME 7.25 11/29/24 CNY 62.21 NANTONG KAIYUAN INVESTME 7.25 11/29/24 CNY 62.26 NANTONG SHIBEI HI-TECH D 5.98 08/07/24 CNY 60.90 NANTONG SHIBEI HI-TECH D 5.98 08/07/24 CNY 61.49 NANTONG SUTONG HOLDING G 6.20 03/18/22 CNY 20.00 NANTONG SUTONG HOLDING G 6.20 03/18/22 CNY 20.04 NANTONG YUNTONG PORT DEV 6.13 08/10/24 CNY 55.01 NANTONG YUNTONG PORT DEV 6.13 08/10/24 CNY 60.47 NANYANG HIGH-TECH DISTRI 6.45 04/29/23 CNY 40.39 NANYANG HIGH-TECH DISTRI 6.45 04/29/23 CNY 40.64 NANZHANG COUNTY CONSTRUC 6.00 01/20/24 CNY 41.36 NANZHANG COUNTY CONSTRUC 6.00 01/20/24 CNY 41.36 NANZHANG COUNTY CONSTRUC 6.58 10/25/24 CNY 60.00 NANZHANG COUNTY CONSTRUC 6.58 10/25/24 CNY 62.96 NEIJIANG CITY XINGYUAN I 4.28 08/16/23 CNY 39.67 NEIJIANG CITY XINGYUAN I 4.28 08/16/23 CNY 39.69 NEIJIANG STATE-OWNED ASS 6.20 04/12/23 CNY 39.91 NEIJIANG STATE-OWNED ASS 6.20 04/12/23 CNY 39.94 NEIJINAG CONSTRUCTION EN 5.03 12/25/22 CNY 16.36 NEIJINAG CONSTRUCTION EN 5.03 12/25/22 CNY 19.64 NEOGLORY HOLDING GROUP C 8.10 11/23/18 CNY 72.00 NEOGLORY HOLDING GROUP C 8.00 09/25/20 CNY 60.00 NEOGLORY HOLDING GROUP C 8.00 10/22/20 CNY 56.00 NINGBO FENGHUA INVESTMEN 4.58 03/28/22 CNY 50.07 NINGBO FENGHUA INVESTMEN 4.58 03/28/22 CNY 50.10 NINGBO MEISHAN ISLAND DE 6.27 03/23/22 CNY 20.06 NINGBO MEISHAN ISLAND DE 6.27 03/23/22 CNY 28.29 NINGGUO CITY STATE OWNED 7.14 08/07/24 CNY 60.80 NINGGUO CITY STATE OWNED 7.14 08/07/24 CNY 61.50 NINGGUO CITY STATE OWNED 4.89 10/15/27 CNY 73.06 NINGXIA SHENG YAN INDUST 7.50 09/27/23 CNY 42.45 NINGXIANG CITY CONSTRUCT 6.00 06/02/26 CNY 73.69 NINGXIANG ECONOMIC TECHN 3.87 01/27/23 CNY 20.00 NINGXIANG ECONOMIC TECHN 3.87 01/27/23 CNY 20.13 NINGXIANG STATE-OWNED AS 4.89 06/03/23 CNY 39.92 NINGXIANG STATE-OWNED AS 4.89 06/03/23 CNY 40.11 NINGXIANG STATE-OWNED AS 3.88 11/02/23 CNY 39.48 NINGXIANG STATE-OWNED AS 3.88 11/02/23 CNY 40.08 ONE BELT ONE ROAD JIANGS 4.70 07/15/23 CNY 40.45 ONE BELT ONE ROAD JIANGS 4.70 07/15/23 CNY 40.71 PANJIN WATER GROUP CO LT 5.18 10/28/23 CNY 39.37 PANZHIHUA STATE OWNED AS 8.18 03/13/22 CNY 20.04 PANZHIHUA STATE OWNED AS 8.18 03/13/22 CNY 20.19 PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 20.00 PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 20.10 PEIXIAN STATE-OWNED ASSE 5.98 07/19/24 CNY 60.00 PEIXIAN STATE-OWNED ASSE 5.98 07/19/24 CNY 61.17 PEKING UNIVERSITY FOUNDE 6.20 05/31/20 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.15 07/23/20 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.30 09/12/20 CNY 11.00 PEKING UNIVERSITY FOUNDE 4.80 07/26/21 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.10 08/22/21 CNY 11.00 PEKING UNIVERSITY FOUNDE 5.99 11/02/21 CNY 11.00 PEKING UNIVERSITY FOUNDE 5.80 01/28/22 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.68 08/09/23 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.50 11/16/23 CNY 11.00 PEKING UNIVERSITY FOUNDE 6.30 03/04/24 CNY 11.00 PENGSHAN DEVELOPMENT HOL 7.00 09/05/24 CNY 60.00 PENGSHAN DEVELOPMENT HOL 7.00 09/05/24 CNY 63.16 PENGSHAN DEVELOPMENT HOL 7.98 05/03/25 CNY 71.81 PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 37.83 PINGHU CITY INVESTMENT D 5.13 04/29/23 CNY 40.57 PINGHU CITY INVESTMENT D 5.13 04/29/23 CNY 40.58 PINGJIANG COUNTY WATER S 6.64 06/27/26 CNY 73.05 PINGLIANG CULTURAL & TOU 6.85 11/30/22 CNY 19.19 PINGLIANG CULTURAL & TOU 6.85 11/30/22 CNY 20.08 PINGTAN COMPREHENSIVE PI 3.92 01/29/23 CNY 20.10 PINGXIANG CHANGXING INVE 5.26 04/11/23 CNY 39.78 PINGXIANG CHANGXING INVE 5.26 04/11/23 CNY 40.04 PINGXIANG HUIFENG INVEST 5.79 09/21/24 CNY 61.40 PINGXIANG HUIFENG INVEST 5.79 09/21/24 CNY 61.40 PINGYANG STATE-OWNED ASS 4.97 01/08/23 CNY 20.00 PINGYANG STATE-OWNED ASS 4.97 01/08/23 CNY 20.26 PIZHOU ECONOMIC DEVELOPM 5.00 10/29/22 CNY 20.00 PIZHOU ECONOMIC DEVELOPM 5.00 10/29/22 CNY 20.03 PIZHOU ECONOMIC DEVELOPM 6.66 09/19/24 CNY 60.29 PIZHOU ECONOMIC DEVELOPM 6.66 09/19/24 CNY 61.00 POYANG INVESTMENT & DEVE 6.53 08/08/24 CNY 60.00 POYANG INVESTMENT & DEVE 6.53 08/08/24 CNY 61.60 PUCHENG INVESTMENT DEVEL 6.57 08/10/24 CNY 60.00 PUCHENG INVESTMENT DEVEL 6.57 08/10/24 CNY 61.32 PUDING YELANG STATE-OWNE 7.79 11/13/24 CNY 59.35 PUDING YELANG STATE-OWNE 8.00 03/13/25 CNY 74.25 PUTIAN HIGH TECHNOLOGY I 5.90 05/03/22 CNY 25.12 PUTIAN HIGH TECHNOLOGY I 5.90 05/03/22 CNY 25.15 PUYANG INVESTMENT GROUP 5.18 08/17/24 CNY 61.60 PUYANG INVESTMENT GROUP 5.18 08/17/24 CNY 61.67 QIANAN XINGYUAN WATER IN 6.25 04/22/22 CNY 20.06 QIANAN XINGYUAN WATER IN 6.25 04/22/22 CNY 20.10 QIANDONGNAN TRANSPORTATI 5.79 12/21/22 CNY 18.57 QIANDONGNAN TRANSPORTATI 5.79 12/21/22 CNY 19.10 QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 51.71 QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 55.52 QIANJIANG URBAN CONSTRUC 5.19 12/21/22 CNY 19.93 QIANJIANG URBAN CONSTRUC 5.19 12/21/22 CNY 20.00 QIANNAN AUTONOMOUS PREFE 6.99 04/19/24 CNY 55.14 QIANNAN AUTONOMOUS PREFE 6.99 04/19/24 CNY 57.95 QIANNAN AUTONOMOUS PREFE 6.98 07/06/24 CNY 55.29 QIANNAN AUTONOMOUS PREFE 6.98 07/06/24 CNY 57.58 QIANNANZHOU INVESTMENT C 6.43 03/09/22 CNY 19.89 QIANNANZHOU INVESTMENT C 6.43 03/09/22 CNY 19.97 QIANNANZHOU INVESTMENT C 6.77 07/28/24 CNY 52.07 QIANSHAN CITY QIANRUN IN 6.98 01/19/25 CNY 60.00 QIANSHAN CITY QIANRUN IN 6.98 01/19/25 CNY 64.05 QIANXINAN AUTONOMOUS REG 5.90 06/22/23 CNY 37.41 QIANXINAN AUTONOMOUS REG 5.90 06/22/23 CNY 40.24 QICHUN COUNTY CONSTRUCTI 4.96 10/18/23 CNY 39.67 QICHUN COUNTY CONSTRUCTI 4.96 10/18/23 CNY 40.06 QIDONG STATE-OWNED ASSET 7.30 11/20/22 CNY 15.01 QIDONG STATE-OWNED ASSET 7.30 11/20/22 CNY 15.46 QIDONG STATE-OWNED ASSET 4.00 03/09/23 CNY 40.22 QIDONG STATE-OWNED ASSET 4.00 03/09/23 CNY 40.30 QIDONG URBAN CONSTRUCTIO 5.25 08/16/24 CNY 61.70 QIHE CITY OPERATION CONS 5.10 03/07/23 CNY 39.72 QIHE CITY OPERATION CONS 5.10 03/07/23 CNY 39.98 QINGDAO CHANGYANG INVEST 3.73 09/12/23 CNY 39.74 QINGDAO CHANGYANG INVEST 3.73 09/12/23 CNY 39.83 QINGDAO CONSON DEVELOPME 6.40 12/12/22 CNY 15.42 QINGDAO CONSON DEVELOPME 6.40 12/12/22 CNY 15.63 QINGDAO HAIFA STATE-OWNE 4.26 06/06/23 CNY 40.09 QINGDAO HAIFA STATE-OWNE 4.26 06/06/23 CNY 40.29 QINGDAO JIMO DISTRICT UR 5.35 07/10/24 CNY 61.00 QINGDAO JIMO DISTRICT UR 5.35 07/10/24 CNY 61.67 QINGDAO OCEAN INVESTMENT 4.36 05/12/23 CNY 40.24 QINGDAO OCEAN INVESTMENT 4.36 05/12/23 CNY 40.28 QINGDAO SHAOHAI INVESTME 6.47 10/31/24 CNY 60.62 QINGDAO SHAOHAI INVESTME 6.47 10/31/24 CNY 61.45 QINGHAI PROVINCIAL INVES 7.25 02/22/20 USD 34.74 QINGHAI PROVINCIAL INVES 7.88 03/22/21 USD 35.28 QINGHAI PROVINCIAL INVES 6.40 07/10/21 USD 35.88 QINGHAI STATE-OWNED ASSE 5.90 12/17/22 CNY 83.30 QINGZHOU CITY CONSTRUCTI 6.40 07/10/24 CNY 58.22 QINGZHOU CITY CONSTRUCTI 6.40 07/10/24 CNY 60.00 QINGZHOU CITY CONSTRUCTI 6.80 08/25/24 CNY 58.89 QINHUANGDAO CITY DEVELOP 4.69 04/14/23 CNY 39.97 QINHUANGDAO CITY DEVELOP 4.69 04/14/23 CNY 40.42 QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 39.34 QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 39.60 QIONGLAI CITY CONSTRUCTI 6.98 03/25/22 CNY 20.07 QIONGLAI CITY CONSTRUCTI 6.98 03/25/22 CNY 20.80 QUANJIAO URBAN INFRASTRU 5.10 05/18/23 CNY 40.26 QUANJIAO URBAN INFRASTRU 5.10 05/18/23 CNY 40.26 QUJING CITY QILIN DISTRI 5.37 11/26/22 CNY 19.79 QUJING CITY QILIN DISTRI 5.37 11/26/22 CNY 21.95 QUJING ECO TECH DEVELOPM 5.75 06/01/23 CNY 39.54 QUJING ECO TECH DEVELOPM 5.75 06/01/23 CNY 40.18 RENHUAI CITY DEVELOPMENT 5.12 04/14/23 CNY 39.04 RENHUAI CITY DEVELOPMENT 5.12 04/14/23 CNY 39.05 RENQIU CONSTRUCTION INVE 5.68 11/18/22 CNY 20.14 RENQIU CONSTRUCTION INVE 5.68 11/18/22 CNY 20.43 RENSHOU DEVELOPMENT OF I 6.42 12/22/22 CNY 20.00 RENSHOU DEVELOPMENT OF I 6.42 12/22/22 CNY 20.10 REWARD SCIENCE AND TECHN 5.53 07/05/21 CNY 29.10 REWARD SCIENCE AND TECHN 6.40 03/03/22 CNY 70.00 RIZHAO CITY CONSTRUCTION 3.98 12/07/22 CNY 20.08 RIZHAO CITY CONSTRUCTION 3.98 12/07/22 CNY 20.10 RONGXIN FUJIAN INVESTMEN 6.45 07/03/23 CNY 46.52 RONGXIN FUJIAN INVESTMEN 5.60 07/27/24 CNY 43.00 RONGXIN FUJIAN INVESTMEN 5.42 08/19/24 CNY 43.00 RUCHENG COUNTY URBAN CON 5.69 02/23/24 CNY 71.81 RUCHENG COUNTY URBAN CON 5.69 02/23/24 CNY 71.81 RUDONG COUNTY JINXIN TRA 4.57 07/26/23 CNY 40.16 RUDONG COUNTY JINXIN TRA 3.80 07/26/23 CNY 40.20 RUDONG COUNTY JINXIN TRA 3.80 07/26/23 CNY 40.32 RUDONG COUNTY JINXIN TRA 4.57 07/26/23 CNY 40.43 RUDONG COUNTY KAITAI CIT 4.57 01/08/23 CNY 20.28 RUDONG NEW WORLD INVESTM 4.37 07/18/23 CNY 39.81 RUDONG NEW WORLD INVESTM 4.37 07/18/23 CNY 39.88 RUGAO ECONOMIC & TRADE D 3.95 03/24/23 CNY 40.18 RUGAO ECONOMIC & TRADE D 3.95 03/24/23 CNY 40.23 RUGAO TRAFFIC INDUSTRY G 3.74 03/23/23 CNY 40.13 RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 20.17 RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 20.25 RUICHANG CITY INVESTMENT 5.68 03/25/23 CNY 39.92 RUICHANG CITY INVESTMENT 5.50 06/17/23 CNY 39.36 RUIJIN URBAN DEVELOPMENT 4.13 09/06/23 CNY 39.92 RUIJIN URBAN DEVELOPMENT 4.13 09/06/23 CNY 39.98 RUZHOU CITY XINYUAN INVE 4.43 09/26/23 CNY 38.03 RUZHOU CITY XINYUAN INVE 4.43 09/26/23 CNY 38.69 SANMEN COUNTY STATE-OWNE 6.80 03/18/22 CNY 20.06 SANMEN COUNTY STATE-OWNE 6.80 03/18/22 CNY 20.20 SANMING STATE-OWNED ASSE 5.10 04/17/24 CNY 61.35 SANMING TRANSPORTATION C 3.68 03/29/23 CNY 40.12 SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 39.94 SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 40.01 SHAANXI XIXIAN NEW AREA 7.10 08/23/24 CNY 61.28 SHAANXI XIXIAN NEW AREA 7.10 08/23/24 CNY 61.75 SHAANXI XIXIAN NEW AREA 6.67 08/23/24 CNY 59.40 SHAANXI XIXIAN NEW AREA 6.67 08/23/24 CNY 59.46 SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 19.94 SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 21.01 SHANDONG GAOCHUANG CONST 6.05 06/18/22 CNY 20.12 SHANDONG GAOCHUANG CONST 6.05 06/18/22 CNY 22.45 SHANDONG RUYI TECHNOLOGY 7.90 09/18/23 CNY 52.10 SHANDONG TENGJIAN INVEST 6.00 06/08/22 CNY 20.00 SHANDONG TENGJIAN INVEST 6.00 06/08/22 CNY 20.10 SHANGHAI MINHANG URBAN C 5.63 04/20/22 CNY 20.12 SHANGHAI MINHANG URBAN C 5.63 04/20/22 CNY 20.48 SHANGHAI MUNICIPAL INVES 4.80 11/05/24 CNY 46.04 SHANGHAI MUNICIPAL INVES 4.80 11/05/24 CNY 46.11 SHANGHAI SHIMAO CO LTD 3.76 07/07/22 CNY 72.00 SHANGHAI SHIMAO CO LTD 3.94 09/24/22 CNY 61.00 SHANGHAI SHIMAO CO LTD 4.24 10/21/22 CNY 57.94 SHANGHAI SHIMAO CO LTD 4.12 01/09/23 CNY 46.80 SHANGHAI SHIMAO CO LTD 3.60 03/05/23 CNY 58.02 SHANGHAI SHIMAO CO LTD 5.15 03/16/23 CNY 55.97 SHANGHAI SHIMAO CO LTD 5.50 05/06/23 CNY 52.50 SHANGHAI SHIMAO JIANSHE 4.15 10/16/22 CNY 49.00 SHANGHAI SHIMAO JIANSHE 4.30 09/19/24 CNY 50.00 SHANGHAI SHIMAO JIANSHE 4.30 11/11/24 CNY 47.01 SHANGHAI SHIMAO JIANSHE 3.23 03/25/25 CNY 45.00 SHANGHAI SHIMAO JIANSHE 3.90 08/27/25 CNY 42.10 SHANGHAI URBAN CONSTRUCT 3.50 01/06/23 CNY 20.08 SHANGHAI URBAN CONSTRUCT 3.50 01/06/23 CNY 20.09 SHANGRAO CITY STATE-OWNE 4.65 01/29/23 CNY 20.12 SHANGRAO CITY STATE-OWNE 4.65 01/29/23 CNY 20.25 SHANTOU CITY CONSTRUCTIO 8.57 03/23/22 CNY 15.09 SHANTOU INVESTMENT HOLDI 7.99 03/04/24 CNY 47.27 SHANTOU INVESTMENT HOLDI 7.99 03/04/24 CNY 47.32 SHANWEI INVESTMENT HOLDI 5.68 11/09/24 CNY 62.37 SHANXI INTERNATIONAL ELE 5.88 05/24/22 CNY 29.40 SHAODONG NEW AREA DEVELO 7.10 04/19/24 CNY 61.97 SHAODONG NEW AREA DEVELO 7.10 04/19/24 CNY 61.98 SHAOGUAN URBAN INVESTMEN 3.67 10/25/24 CNY 55.57 SHAOGUAN URBAN INVESTMEN 3.67 10/25/24 CNY 55.59 SHAOWU URBAN CONSTRUCTIO 5.88 09/11/22 CNY 20.09 SHAOWU URBAN CONSTRUCTIO 5.88 09/11/22 CNY 23.39 SHAOXING 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08/22/25 CNY 66.01 SHEHONG STATE OWNED ASSE 7.60 10/22/25 CNY 66.53 SHENGZHOU INVESTMENT HOL 5.35 07/20/24 CNY 61.70 SHENGZHOU INVESTMENT HOL 5.35 07/20/24 CNY 61.83 SHENYANG DADONG STATE-OW 6.05 03/20/22 CNY 20.00 SHENYANG DADONG STATE-OW 6.05 03/20/22 CNY 20.04 SHENYANG ECONOMIC AFFORD 7.17 04/29/22 CNY 20.15 SHENYANG ECONOMIC AFFORD 7.17 04/29/22 CNY 20.15 SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 30.50 SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 30.50 SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 31.68 SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 31.79 SHEYANG URBAN CONSTRUCTI 7.80 11/27/24 CNY 61.01 SHEYANG URBAN CONSTRUCTI 7.80 11/27/24 CNY 61.12 SHIFANG CITY NATIONAL OW 8.00 12/05/25 CNY 69.57 SHIJIAZHUANG HUTUO NEW D 5.28 12/24/25 CNY 45.00 SHIJIAZHUANG HUTUO NEW D 5.28 12/24/25 CNY 46.81 SHIJIAZHUANG STATE-OWNED 5.75 04/09/22 CNY 20.06 SHIJIAZHUANG STATE-OWNED 5.75 04/09/22 CNY 27.20 SHISHI CITY CONSTRUCTION 6.10 05/04/22 CNY 20.14 SHISHOU BOYA CITY CONSTR 6.98 06/15/24 CNY 62.08 SHIYAN ECO DEVELOPMENT Z 3.98 08/05/23 CNY 39.58 SHIYAN ECO DEVELOPMENT Z 3.98 08/05/23 CNY 39.70 SHIYAN HANJIANG STAR CON 6.40 07/10/24 CNY 61.39 SHIYAN STATE-OWNED CAPIT 4.88 01/11/26 CNY 60.36 SHIYAN STATE-OWNED CAPIT 4.88 01/11/26 CNY 62.11 SHIZHU TUJIA HONGSHENG E 7.00 11/13/24 CNY 48.00 SHIZHU TUJIA HONGSHENG E 7.00 11/13/24 CNY 62.75 SHOU COUNTY STATE-OWNED 6.20 10/13/24 CNY 60.00 SHOU COUNTY STATE-OWNED 6.20 10/13/24 CNY 60.98 SHUCHENG COUNTY URBAN CO 5.50 04/29/23 CNY 40.08 SHUCHENG COUNTY URBAN CO 5.50 04/29/23 CNY 40.62 SHUYANG JINGYUAN ASSET O 5.49 09/11/22 CNY 20.19 SHUYANG JINGYUAN ASSET O 5.49 09/11/22 CNY 20.20 SICHUAN CHENG'A DEVELOPM 7.25 01/28/24 CNY 73.09 SICHUAN CHENG'A DEVELOPM 7.50 11/06/24 CNY 60.00 SICHUAN CHENG'A DEVELOPM 7.50 11/06/24 CNY 62.87 SICHUAN CHENG'A DEVELOPM 7.50 11/29/24 CNY 60.00 SICHUAN CHENG'A DEVELOPM 7.50 11/29/24 CNY 63.76 SICHUAN COAL GASIFICATIO 7.00 04/18/23 CNY 40.47 SICHUAN COAL INDUSTRY GR 7.70 01/09/18 CNY 45.00 SICHUAN JINCAI JINXIN IN 7.08 07/31/24 CNY 60.77 SICHUAN JINCAI JINXIN IN 7.08 07/31/24 CNY 61.70 SICHUAN LANGUANG DEVELOP 7.50 07/11/21 CNY 12.63 SICHUAN LANGUANG DEVELOP 6.50 07/29/21 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.50 08/12/21 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.40 09/14/21 CNY 30.45 SICHUAN LANGUANG DEVELOP 7.50 07/23/22 CNY 42.00 SICHUAN LANGUANG DEVELOP 7.00 09/29/22 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.00 10/26/22 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.50 11/22/22 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.20 03/11/23 CNY 12.63 SICHUAN LANGUANG DEVELOP 7.15 03/16/23 CNY 24.00 SICHUAN LANGUANG DEVELOP 7.20 05/11/23 CNY 12.63 SICHUAN LANGZHONG FAMOUS 5.60 04/19/23 CNY 40.02 SICHUAN LANGZHONG FAMOUS 5.60 04/19/23 CNY 40.12 SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 40.03 SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 40.04 SICHUAN NAXING INDUSTRIA 6.80 08/18/22 CNY 25.34 SICHUAN NAXING INDUSTRIA 4.68 03/31/23 CNY 39.54 SICHUAN NAXING INDUSTRIA 4.68 03/31/23 CNY 39.69 SICHUAN QINBA NEWCITY IN 6.68 07/07/24 CNY 59.51 SICHUAN QINBA NEWCITY IN 6.68 07/07/24 CNY 60.00 SICHUAN QINBA NEWCITY IN 6.91 07/25/24 CNY 53.50 SICHUAN QINBA NEWCITY IN 6.91 07/25/24 CNY 59.62 SICHUAN RENSHOU XINLONG 7.00 06/27/24 CNY 62.18 SICHUAN TIANYIN INDUSTRI 6.79 03/25/22 CNY 20.06 SICHUAN TIANYIN INDUSTRI 6.79 03/25/22 CNY 28.00 SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.05 SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.35 SIHUI STATE OWNED ASSETS 4.59 01/14/23 CNY 20.14 SIHUI STATE OWNED ASSETS 4.59 01/14/23 CNY 20.15 SIYANG COUNTY MINKANG RU 4.94 01/21/23 CNY 20.33 SIYANG COUNTY MINKANG RU 4.94 01/21/23 CNY 20.56 SIYANG COUNTY MINKANG RU 7.40 07/31/24 CNY 62.62 SIYANG COUNTY MINKANG RU 7.40 07/31/24 CNY 62.63 SUINING COUNTY RUNQI INV 5.42 11/20/22 CNY 20.00 SUINING COUNTY RUNQI INV 5.42 11/20/22 CNY 20.18 SUINING COUNTY RUNQI INV 6.78 11/02/24 CNY 59.70 SUINING COUNTY RUNQI INV 6.78 11/02/24 CNY 61.79 SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 19.95 SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 24.18 SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 39.74 SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 40.15 SUINING KAIDA INVESTMENT 4.89 04/08/23 CNY 38.95 SUINING KAIDA INVESTMENT 4.89 04/08/23 CNY 39.13 SUINING ROUGANG INVESTME 5.65 01/24/24 CNY 40.30 SUINING ROUGANG INVESTME 6.80 08/02/24 CNY 61.47 SUINING ROUGANG INVESTME 6.80 08/02/24 CNY 61.48 SUINING TIANTAI INDUSTRI 5.98 03/28/24 CNY 60.77 SUINING TIANTAI INDUSTRI 5.98 03/28/24 CNY 61.16 SUINING TIANTAI INDUSTRI 6.80 11/01/24 CNY 75.00 SUIZHOU DEVELOPMENT INVE 5.70 04/07/24 CNY 60.42 SUIZHOU DEVELOPMENT INVE 5.70 04/07/24 CNY 60.77 SUIZHOU DEVELOPMENT INVE 5.97 09/15/24 CNY 60.00 SUIZHOU DEVELOPMENT INVE 5.97 09/15/24 CNY 61.06 SUIZHOU HIGH-TECH INDUST 4.47 03/25/23 CNY 40.07 SUIZHOU HIGH-TECH INDUST 4.47 03/25/23 CNY 40.07 SUIZHOU YULONG WATER SUP 6.10 03/28/23 CNY 42.95 SUNAC REAL ESTATE GROUP 6.80 01/19/25 CNY 69.52 SUNAC REAL ESTATE GROUP 7.00 04/02/25 CNY 64.71 SUNAC REAL ESTATE GROUP 5.60 05/27/25 CNY 64.50 SUQIAN CITY CONSTRUCTION 5.30 07/11/24 CNY 61.73 SUQIAN CITY CONSTRUCTION 5.30 07/11/24 CNY 61.80 SUQIAN CITY CONSTRUCTION 6.44 12/26/24 CNY 60.00 SUQIAN CITY CONSTRUCTION 6.44 12/26/24 CNY 63.47 SUQIAN ECONOMIC DEVELOPM 5.40 04/20/24 CNY 61.61 SUQIAN ECONOMIC DEVELOPM 5.40 04/20/24 CNY 61.88 SUQIAN HUBIN XINCHENG IN 6.85 08/02/24 CNY 56.00 SUQIAN HUBIN XINCHENG IN 6.85 08/02/24 CNY 56.33 SUQIAN HUBIN XINCHENG IN 6.93 08/25/24 CNY 55.80 SUQIAN HUBIN XINCHENG IN 6.93 08/25/24 CNY 57.01 SUQIAN YUFENG ASSET MANA 5.50 04/21/24 CNY 60.86 SUQIAN YUFENG ASSET MANA 5.50 04/21/24 CNY 64.26 SUZHOU CITY CONSTRUCTION 3.89 03/24/23 CNY 40.14 SUZHOU CITY CONSTRUCTION 3.89 03/24/23 CNY 40.24 SUZHOU CITY HENGCHENG CO 4.40 03/01/23 CNY 40.19 SUZHOU CITY HENGCHENG CO 4.40 03/01/23 CNY 40.31 SUZHOU MAANSHAN INVESTME 6.10 08/03/24 CNY 61.74 SUZHOU MAANSHAN INVESTME 6.10 08/03/24 CNY 62.38 SUZHOU NEW & HIGH-TECH I 4.18 03/23/23 CNY 39.86 SUZHOU NEW & HIGH-TECH I 4.18 03/23/23 CNY 40.12 SUZHOU NEW AREA CONSTRUC 5.98 08/04/24 CNY 60.00 SUZHOU NEW AREA CONSTRUC 5.98 08/04/24 CNY 60.88 SUZHOU WUJIANG COMMUNICA 3.75 05/26/23 CNY 52.74 SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 20.20 SUZHOU WUZHONG CITY CONS 5.90 11/06/24 CNY 60.00 SUZHOU WUZHONG CITY CONS 5.90 11/06/24 CNY 60.93 SUZHOU WUZHONG CITY CONS 6.50 02/01/25 CNY 60.00 SUZHOU WUZHONG CITY CONS 6.50 02/01/25 CNY 63.53 TAHOE GROUP CO LTD 7.50 07/05/20 CNY 20.50 TAHOE GROUP CO LTD 7.50 09/08/20 CNY 20.70 TAIAN TAISHAN HOLDINGS C 5.50 04/26/23 CNY 40.04 TAIAN TAISHAN HOLDINGS C 5.50 04/26/23 CNY 40.10 TAICANG SCIENCE EDUCATIO 5.54 08/28/22 CNY 20.29 TAICANG SCIENCE EDUCATIO 5.54 08/28/22 CNY 24.60 TAIHE STATE OWN ASSET IN 5.87 08/07/24 CNY 60.71 TAIHE STATE OWN ASSET IN 5.87 08/07/24 CNY 63.35 TAIXING HONGQIAO PARK IN 5.03 10/29/22 CNY 19.60 TAIXING HONGQIAO PARK IN 5.03 10/29/22 CNY 19.83 TAIZHOU CITY CONSTRUCTIO 6.92 10/16/23 CNY 31.35 TAIZHOU CITY HUANGYAN DI 6.10 08/01/24 CNY 62.31 TAIZHOU CITY HUANGYAN DI 6.10 08/01/24 CNY 63.60 TAIZHOU CITY HUANGYAN DI 6.22 09/14/24 CNY 62.65 TAIZHOU FENGCHENGHE CONS 7.90 12/29/24 CNY 60.00 TAIZHOU FENGCHENGHE CONS 7.90 12/29/24 CNY 64.77 TAIZHOU GAOGANG HI-TECH 5.54 06/22/24 CNY 61.78 TAIZHOU GAOGANG HI-TECH 5.54 06/22/24 CNY 63.70 TAIZHOU HAILING CITY DEV 4.60 12/14/22 CNY 20.23 TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 20.22 TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 24.00 TAIZHOU JINDONG URBAN CO 5.10 06/02/23 CNY 40.23 TAIZHOU JINDONG URBAN CO 5.10 06/02/23 CNY 40.31 TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 40.14 TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 40.29 TANGSHAN FINANCIAL HOLDI 7.60 05/16/25 CNY 72.01 TAOYUAN COUNTY ECONOMIC 7.00 12/08/24 CNY 60.00 TAOYUAN COUNTY ECONOMIC 7.00 12/08/24 CNY 63.83 TIANCHANG CITY CONSTRUCT 4.99 12/05/23 CNY 40.11 TIANJIN BOHAI STATE-OWNE 3.82 04/18/23 CNY 38.72 TIANJIN BOHAI STATE-OWNE 3.82 04/18/23 CNY 38.97 TIANJIN BOHAI STATE-OWNE 4.10 04/18/26 CNY 70.00 TIANJIN BOHAI STATE-OWNE 4.10 04/18/26 CNY 70.51 TIANJIN DONGLI CITY INFR 4.28 12/02/22 CNY 20.21 TIANJIN ECONOMIC TECHNOL 6.50 12/03/22 CNY 14.63 TIANJIN ECONOMIC TECHNOL 6.50 12/03/22 CNY 14.93 TIANJIN GUANGCHENG INVES 6.97 02/22/23 CNY 30.32 TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 20.05 TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 20.50 TIANJIN INFRASTRUCTURE C 5.70 02/26/23 CNY 29.90 TIANJIN INFRASTRUCTURE C 5.70 02/26/23 CNY 30.38 TIANJIN METRO GROUP CO L 4.27 10/16/25 CNY 60.94 TIANJIN METRO GROUP CO L 4.27 10/16/25 CNY 64.00 TIANJIN NINGHE INVESTMEN 5.50 04/22/23 CNY 39.48 TIANJIN NINGHE INVESTMEN 5.50 04/22/23 CNY 40.37 TIANJIN RAILWAY CONSTRUC 5.58 04/13/25 CNY 59.59 TIANJIN RAILWAY CONSTRUC 5.58 04/13/25 CNY 60.06 TIANJIN REAL ESTATE GROU 4.50 09/29/20 USD 73.82 TIANJIN WUQING STATE-OWN 4.15 11/17/22 CNY 20.13 TIANJIN WUQING STATE-OWN 4.15 11/17/22 CNY 20.13 TIANMEN CITY CONSTRUCTIO 3.98 11/15/23 CNY 39.66 TIANMEN CITY CONSTRUCTIO 3.98 11/15/23 CNY 40.28 TONGCHENG CITY CONSTRUCT 6.60 12/18/24 CNY 60.00 TONGCHENG CITY CONSTRUCT 6.60 12/18/24 CNY 62.48 TONGLING CONSTRUCTION IN 4.12 03/14/23 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YANGZHONG TRANSPORTATION 4.95 04/07/23 CNY 40.10 YANGZHONG TRANSPORTATION 4.95 04/07/23 CNY 40.21 YANGZHONG TRANSPORTATION 4.98 04/07/23 CNY 40.44 YANGZHONG TRANSPORTATION 4.98 04/07/23 CNY 40.52 YANGZHOU ECONOMIC & TECH 5.28 07/06/24 CNY 61.73 YANGZHOU ECONOMIC & TECH 5.28 07/06/24 CNY 62.40 YANGZHOU GUANGLING NEW C 3.62 09/07/23 CNY 39.25 YANGZHOU GUANGLING NEW C 3.62 09/07/23 CNY 39.99 YANGZHOU HANJIANG CONSTR 5.88 06/15/22 CNY 20.19 YANGZHOU HANJIANG CONSTR 5.88 06/15/22 CNY 26.63 YANGZHOU NEW MATERIAL IN 6.80 10/09/24 CNY 60.00 YANGZHOU NEW MATERIAL IN 6.80 10/09/24 CNY 61.27 YI CHENG CONSTRUCTION IN 5.44 04/27/23 CNY 39.82 YI ZHENG CITY DEVELOPMEN 4.63 01/08/23 CNY 20.00 YI ZHENG CITY DEVELOPMEN 4.63 01/08/23 CNY 20.14 YICHANG HIGH-TECH INVEST 4.80 12/15/22 CNY 20.00 YICHANG HIGH-TECH INVEST 4.80 12/15/22 CNY 20.33 YICHANG HIGH-TECH INVEST 3.74 07/21/23 CNY 39.85 YICHANG HIGH-TECH INVEST 3.74 07/21/23 CNY 40.26 YICHANG HIGH-TECH INVEST 6.10 05/18/24 CNY 61.41 YICHANG HIGH-TECH 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20.31 YINGTAN JUNENG INVESTMEN 6.75 07/31/22 CNY 21.18 YINGTAN STATE-OWNED ASSE 7.50 12/12/22 CNY 15.52 YINGTAN STATE-OWNED ASSE 7.50 12/12/22 CNY 15.52 YINING CITY STATE OWNED 5.37 09/24/22 CNY 19.40 YINING CITY STATE OWNED 5.37 09/24/22 CNY 19.99 YIWU CITY CONSTRUCTION I 4.31 12/07/22 CNY 20.21 YIWU CITY CONSTRUCTION I 4.31 12/07/22 CNY 20.21 YIWU CITY CONSTRUCTION I 5.48 08/18/24 CNY 60.00 YIWU CITY CONSTRUCTION I 5.48 08/18/24 CNY 61.68 YIXING CITY CONSTRUCTION 6.16 03/30/22 CNY 20.00 YIXING CITY CONSTRUCTION 6.16 03/30/22 CNY 20.06 YIYANG ADVANCED INDUSTRY 7.00 03/30/22 CNY 20.06 YIYANG ADVANCED INDUSTRY 7.00 03/30/22 CNY 28.00 YIYANG PROVINCE AREA INN 4.95 10/13/23 CNY 38.36 YIYANG PROVINCE AREA INN 4.95 10/13/23 CNY 40.55 YIYANG PROVINCE AREA INN 5.16 11/23/23 CNY 37.48 YIYANG PROVINCE AREA INN 5.16 11/23/23 CNY 39.01 YIYUAN HONGDING ASSET OP 7.50 08/17/25 CNY 70.01 YIZHANG XINGYI CONSTRUCT 5.49 09/02/24 CNY 53.42 YIZHANG XINGYI CONSTRUCT 5.49 09/02/24 CNY 54.17 YIZHENG SHI'ERWEI NEW AR 6.77 08/22/24 CNY 60.52 YONG ZHOU CITY DEVELOPME 5.30 07/13/24 CNY 61.15 YONG ZHOU CITY DEVELOPME 5.30 07/13/24 CNY 61.60 YONGCHENG COAL & ELECTRI 7.50 02/02/21 CNY 39.88 YONGXING YINDU INVESTMEN 5.60 03/24/23 CNY 39.49 YONGXING YINDU INVESTMEN 5.60 03/24/23 CNY 39.50 YONGXING YINDU INVESTMEN 6.93 07/07/24 CNY 60.00 YONGXING YINDU INVESTMEN 6.93 07/07/24 CNY 60.19 YONGXING YINDU INVESTMEN 6.50 08/14/24 CNY 60.00 YONGXING YINDU INVESTMEN 6.50 08/14/24 CNY 61.67 YONGZHOU ECONOMIC CONSTR 3.55 01/14/23 CNY 19.72 YONGZHOU ECONOMIC CONSTR 3.55 01/14/23 CNY 20.08 YUANAN COUNTY QIFENG CIT 5.50 05/27/23 CNY 40.23 YUANAN COUNTY QIFENG CIT 5.50 05/27/23 CNY 40.41 YUANLING CHENZHOU INVEST 6.50 09/20/24 CNY 60.00 YUANLING CHENZHOU INVEST 6.50 09/20/24 CNY 62.06 YUANLING CHENZHOU INVEST 6.50 11/30/24 CNY 60.00 YUANLING CHENZHOU INVEST 6.50 11/30/24 CNY 62.30 YUEYANG DONGTING XINCHEN 6.15 03/20/22 CNY 20.02 YUEYANG HUIHUA URBAN INV 5.78 04/18/24 CNY 61.15 YUEYANG HUIHUA URBAN INV 5.78 04/18/24 CNY 61.41 YUEYANG HUIHUA URBAN INV 5.96 07/26/24 CNY 61.71 YUEYANG HUIHUA URBAN INV 5.96 07/26/24 CNY 62.02 YUEYANG URBAN CONSTRUCTI 4.80 01/27/26 CNY 61.98 YUEYANG URBAN CONSTRUCTI 4.80 01/27/26 CNY 61.98 YUEYANG YUNXI CITY CONST 6.00 07/08/23 CNY 38.53 YUEYANG YUNXI CITY CONST 5.18 11/21/23 CNY 39.00 YUHUAN CITY COMMUNICATIO 6.18 03/20/22 CNY 20.04 YUHUAN CITY COMMUNICATIO 6.18 03/20/22 CNY 24.47 YUHUAN CITY CONSTRUCTION 5.10 05/03/23 CNY 40.26 YUHUAN CITY CONSTRUCTION 5.10 05/03/23 CNY 40.50 YUHUAN CITY CONSTRUCTION 3.72 10/21/23 CNY 39.79 YUHUAN CITY CONSTRUCTION 3.72 10/21/23 CNY 40.30 YUNCHENG SHUIHU CITY CON 4.54 11/21/23 CNY 38.45 YUNCHENG SHUIHU CITY CON 4.54 11/21/23 CNY 39.74 YUNCHENG URBAN CONSTRUCT 6.30 08/29/24 CNY 59.04 YUNCHENG URBAN CONSTRUCT 6.30 08/29/24 CNY 59.10 YUZHOU GENERAL INVESTMEN 4.68 01/19/23 CNY 20.00 YUZHOU GENERAL INVESTMEN 4.68 01/19/23 CNY 20.13 ZAOYANG CITY CONSTRUCTIO 5.50 03/22/23 CNY 40.18 ZAOYANG CITY CONSTRUCTIO 5.50 03/22/23 CNY 40.52 ZHANGJIAGANG ECONOMY DEV 3.95 03/22/23 CNY 40.00 ZHANGJIAGANG ECONOMY DEV 3.95 03/22/23 CNY 40.23 ZHANGJIAJIE ECONOMIC DEV 6.47 07/24/27 CNY 73.29 ZHANGQIU STATE OWNED ASS 3.69 08/09/23 CNY 39.64 ZHANGQIU STATE OWNED ASS 3.69 08/09/23 CNY 40.19 ZHANGSHU STATE-OWNED ASS 4.80 06/22/23 CNY 40.39 ZHANGSHU STATE-OWNED ASS 4.80 06/22/23 CNY 42.67 ZHANGZHOU ECONOMIC DEVEL 6.17 04/27/22 CNY 20.13 ZHANGZHOU ECONOMIC DEVEL 6.17 04/27/22 CNY 20.20 ZHAODONG DONGSHENG CONST 6.50 01/20/24 CNY 41.30 ZHAODONG DONGSHENG CONST 6.50 01/20/24 CNY 41.31 ZHAOQING GAOYAO DISTRICT 6.68 04/14/22 CNY 20.00 ZHAOQING GAOYAO DISTRICT 6.68 04/14/22 CNY 20.12 ZHAOQING HI-TECH ZONE CO 3.97 08/26/23 CNY 40.01 ZHAOQING HI-TECH ZONE CO 3.97 08/26/23 CNY 40.03 ZHEJIANG BINHAI NEW CITY 4.65 12/23/22 CNY 20.22 ZHEJIANG BINHAI NEW CITY 4.65 12/23/22 CNY 20.30 ZHEJIANG HANGZHOU QINGSH 5.99 06/30/24 CNY 62.24 ZHEJIANG HANGZHOU QINGSH 5.99 06/30/24 CNY 62.25 ZHEJIANG HUISHENG INVEST 4.49 03/15/24 CNY 55.00 ZHEJIANG HUISHENG INVEST 4.49 03/15/24 CNY 55.53 ZHEJIANG OUHAI CONSTRUCT 6.45 04/23/22 CNY 20.13 ZHEJIANG OUHAI CONSTRUCT 6.45 04/23/22 CNY 20.20 ZHEJIANG OUHAI CONSTRUCT 4.83 01/21/23 CNY 20.10 ZHEJIANG OUHAI CONSTRUCT 4.83 01/21/23 CNY 20.32 ZHEJIANG TIANTAI STATE-O 6.50 11/22/24 CNY 60.00 ZHEJIANG TIANTAI STATE-O 6.50 11/22/24 CNY 62.60 ZHENGZHOU AIRPORT ECONOM 4.27 07/20/26 CNY 53.31 ZHENGZHOU AIRPORT ECONOM 4.27 07/20/26 CNY 53.46 ZHENGZHOU GENERAL AVIATI 5.98 06/27/24 CNY 60.00 ZHENGZHOU GENERAL AVIATI 5.98 06/27/24 CNY 62.13 ZHENGZHOU GENERAL AVIATI 5.80 10/18/24 CNY 60.00 ZHENGZHOU GENERAL AVIATI 5.80 10/18/24 CNY 62.41 ZHENGZHOU JINGKAI INVEST 5.48 07/31/22 CNY 20.00 ZHENGZHOU JINGKAI INVEST 5.48 07/31/22 CNY 20.21 ZHENGZHOU MOUZHONG DEVEL 4.59 04/18/23 CNY 40.13 ZHENGZHOU MOUZHONG DEVEL 4.59 04/18/23 CNY 40.14 ZHENJIANG DANTU DISTRICT 5.98 11/06/24 CNY 59.40 ZHENJIANG DANTU DISTRICT 5.98 11/06/24 CNY 62.02 ZHENJIANG NEW AREA URBAN 5.31 07/14/23 CNY 39.82 ZHENJIANG NEW AREA URBAN 5.31 07/14/23 CNY 40.58 ZHENRO REAL ESTATE HOLDI 5.45 09/14/24 CNY 53.15 ZHIJIANG STATE-OWNED ASS 4.78 01/11/23 CNY 19.40 ZHIJIANG STATE-OWNED ASS 4.78 01/11/23 CNY 19.90 ZHIJIANG STATE-OWNED ASS 4.38 03/28/23 CNY 39.25 ZHIJIANG STATE-OWNED ASS 4.38 03/28/23 CNY 39.82 ZHIJIANG WANYUN COMMUNIC 7.00 08/29/24 CNY 62.19 ZHONGGUANCUN DEVELOPMENT 4.20 08/12/22 CNY 20.12 ZHONGGUANCUN DEVELOPMENT 4.20 08/12/22 CNY 20.15 ZHONGSHAN TORCH DEVELOPM 5.79 03/23/24 CNY 61.78 ZHONGXIANG CITY CONSTRUC 6.50 09/01/24 CNY 62.47 ZHONGXIANG CITY CONSTRUC 6.50 09/01/24 CNY 62.47 ZHOUSHAN DINGHAI CITY CO 6.67 07/20/22 CNY 20.15 ZHOUSHAN ISLANDS NEW DIS 6.98 10/22/22 CNY 25.40 ZHOUSHAN ISLANDS NEW DIS 6.98 10/22/22 CNY 25.59 ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 25.32 ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 26.90 ZHUCHENG ECONOMIC DEVELO 5.37 07/12/24 CNY 60.14 ZHUCHENG ECONOMIC DEVELO 5.37 07/12/24 CNY 61.63 ZHUHAI HUIHUA INFRASTRUC 4.70 06/27/23 CNY 40.23 ZHUHAI HUIHUA INFRASTRUC 4.70 06/27/23 CNY 40.26 ZHUJI CITY EAST NEW TOWN 3.89 08/26/23 CNY 40.23 ZHUJI CITY YUEDU INVESTM 6.38 04/07/22 CNY 20.07 ZHUJI STATE-OWNED ASSETS 5.34 06/28/24 CNY 61.66 ZHUJI STATE-OWNED ASSETS 5.34 06/28/24 CNY 62.50 ZHUJI STATE-OWNED ASSETS 5.23 07/18/24 CNY 61.75 ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.00 ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.07 ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 39.60 ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 39.61 ZHUZHOU HI-TECH AUTO EXP 4.47 11/03/23 CNY 50.27 ZHUZHOU LUSONG STATE OWN 7.00 01/30/25 CNY 63.60 ZHUZHOU LVXIANG INVESTME 7.09 08/16/24 CNY 53.69 ZHUZHOU LVXIANG INVESTME 7.09 08/16/24 CNY 60.68 ZHUZHOU RAILWAY INDUSTRY 7.50 09/25/24 CNY 60.95 ZHUZHOU RECYCLING ECONOM 4.38 03/24/23 CNY 38.48 ZHUZHOU RECYCLING ECONOM 4.38 03/24/23 CNY 38.54 ZHUZHOU XIANGJIAN INVEST 6.40 08/09/24 CNY 60.00 ZHUZHOU XIANGJIAN INVEST 6.40 08/09/24 CNY 60.31 ZHUZHOU XIANGJIANG SCENI 5.39 11/25/22 CNY 19.61 ZHUZHOU XIANGJIANG SCENI 5.39 11/25/22 CNY 19.90 ZHUZHOU YUNLONG DEVELOPM 7.80 03/08/25 CNY 71.84 ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 20.00 ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 20.06 ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 60.36 ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 61.46 ZIBO HIGH TECH CITY INVE 5.28 08/10/24 CNY 61.81 ZIBO HIGH TECH CITY INVE 5.28 08/10/24 CNY 64.80 ZIXING CHENGCHENG INVEST 6.20 03/16/24 CNY 61.20 ZIXING CHENGCHENG INVEST 6.20 03/16/24 CNY 61.73 ZIXING CHENGCHENG INVEST 6.18 08/09/24 CNY 60.00 ZIXING CHENGCHENG INVEST 6.18 08/09/24 CNY 61.90 ZIXING CITY DEVELOPMENT 6.00 05/03/24 CNY 61.01 ZIXING CITY DEVELOPMENT 6.00 05/03/24 CNY 61.22 ZIXING CITY DEVELOPMENT 6.30 09/26/24 CNY 60.00 ZIXING CITY DEVELOPMENT 6.30 09/26/24 CNY 61.86 ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 38.74 ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 38.75 ZIZHONG COUNTY XINGZI IN 5.97 01/18/23 CNY 19.55 ZIZHONG COUNTY XINGZI IN 5.97 01/18/23 CNY 19.68 ZONGYANG INVESTMENT DEVE 5.85 04/25/24 CNY 60.00 ZONGYANG INVESTMENT DEVE 5.85 04/25/24 CNY 61.69 ZUNYI BOZHOU URBAN CONST 6.60 07/06/24 CNY 61.20 ZUNYI BOZHOU URBAN CONST 6.60 07/06/24 CNY 61.25 ZUNYI BOZHOU URBAN CONST 7.85 10/24/24 CNY 60.00 ZUNYI BOZHOU URBAN CONST 7.85 10/24/24 CNY 62.72 ZUNYI CITY XIANGJIANG IN 6.99 09/25/24 CNY 61.80 ZUNYI ECONOMIC DEVELOPME 4.87 01/22/23 CNY 18.29 ZUNYI ECONOMIC DEVELOPME 7.48 08/17/24 CNY 49.00 ZUNYI ECONOMIC DEVELOPME 7.48 08/17/24 CNY 56.41 ZUNYI HONGHUAGANG DISTRI 5.05 06/27/23 CNY 38.00 ZUNYI HONGHUAGANG DISTRI 5.05 06/27/23 CNY 39.96 ZUNYI HONGHUAGANG DISTRI 6.98 07/25/24 CNY 56.63 ZUNYI HONGHUAGANG DISTRI 6.98 07/25/24 CNY 61.55 ZUNYI NEW DISTRICT DEVEL 5.99 04/07/26 CNY 47.61 ZUNYI NEW DISTRICT DEVEL 5.99 04/07/26 CNY 50.90 ZUNYI ROAD & BRIDGE CONS 6.10 04/27/23 CNY 34.50 ZUNYI ROAD & BRIDGE CONS 6.10 04/27/23 CNY 36.70 ZUNYI TRAFFIC TRAVEL INV 7.70 09/27/27 CNY 72.52 ZUNYI TRAFFIC TRAVEL INV 7.70 09/27/27 CNY 73.90 HONG KONG --------- DR PENG HOLDING HONGKONG 7.55 12/01/22 USD 45.98 HAINAN AIRLINES HONG KON 12.00 10/29/21 USD 30.00 HNA GROUP INTERNATIONAL 6.25 10/05/21 USD 17.30 YANGO JUSTICE INTERNATIO 5.30 01/11/22 USD 18.03 YANGO JUSTICE INTERNATIO 10.25 03/18/22 USD 17.89 YANGO JUSTICE INTERNATIO 10.25 09/15/22 USD 18.06 YANGO JUSTICE INTERNATIO 10.00 02/12/23 USD 17.12 YANGO JUSTICE INTERNATIO 9.25 04/15/23 USD 19.50 YANGO JUSTICE INTERNATIO 8.25 11/25/23 USD 19.50 YANGO JUSTICE INTERNATIO 7.50 04/15/24 USD 17.10 YANGO JUSTICE INTERNATIO 7.88 09/04/24 USD 17.08 YANGO JUSTICE INTERNATIO 7.50 02/17/25 USD 16.38 INDONESIA --------- BERAU COAL ENERGY TBK PT 2.00 10/15/28 USD 24.23 BERAU COAL ENERGY TBK PT 2.00 10/15/28 USD 24.23 DELTA MERLIN DUNIA TEKST 2.50 06/26/28 USD 19.64 SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 11.14 SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 12.13 INDIA ----- ACME MEDAK SOLAR ENERGY 0.01 08/29/46 INR 15.25 ACME RANGA REDDY SOLAR P 0.01 08/31/46 INR 15.17 AMPSOLAR SOLUTION PVT LT 0.01 10/27/37 INR 30.00 AMPSOLAR SOLUTION PVT LT 0.01 11/03/37 INR 29.95 AMTEK AUTO LTD 0.10 12/07/28 INR 57.29 APG HABITAT PVT LTD 1.00 09/09/28 INR 66.04 APG INTELLI HOMES PVT LT 1.25 02/04/35 INR 46.59 APG INTELLI HOMES PVT LT 1.25 02/04/35 INR 47.45 ASSETS CARE & RECONSTRUC 1.00 03/30/29 INR 65.37 ASSETS CARE & RECONSTRUC 2.00 03/30/29 INR 70.88 ASSETS CARE & RECONSTRUC 2.00 03/30/29 INR 70.88 ASSETS CARE & RECONSTRUC 2.00 03/31/30 INR 67.29 AUTOMOTIVE EXCHANGE PVT 4.00 06/01/30 INR 64.14 AUTOMOTIVE EXCHANGE PVT 4.00 10/11/30 INR 63.73 BODY CUPID PVT LTD 0.01 03/31/31 INR 50.52 BREEZE CONSTRUCTIONS PVT 0.01 06/29/30 INR 50.83 BRITANNIA INDUSTRIES LTD 8.00 08/28/22 INR 30.45 BRITANNIA INDUSTRIES LTD 5.50 06/03/24 INR 29.07 BROIL SOLAR ENERGY PVT L 0.01 09/05/31 INR 48.21 CHANDRAJYOTI ESTATE DEVE 0.01 07/06/30 INR 52.25 CONVERGIA DIGITAL EDUCAT 0.10 09/29/31 INR 56.05 CUMULUS TRADING CO PVT L 0.01 01/23/30 INR 69.94 CUMULUS TRADING CO PVT L 0.01 05/21/32 INR 44.17 DLF ASPINWAL HOTELS PVT 0.01 10/15/30 INR 48.75 DLF EMPORIO RESTAURANTS 0.01 06/29/30 INR 52.60 DLF EMPORIO RESTAURANTS 0.01 08/12/30 INR 52.10 DLF HOME DEVELOPERS LTD 0.01 06/29/30 INR 55.26 DLF HOMES PANCHKULA PVT 0.01 06/29/30 INR 50.96 DLF HOMES SERVICES PVT L 0.01 06/29/30 INR 50.83 DLF LANDS INDIA PVT LTD 0.01 09/29/31 INR 47.20 DLF MIDTOWN PVT LTD 0.01 12/11/27 INR 66.04 DLF REAL ESTATE BUILDERS 0.01 06/23/30 INR 52.30 DLF RECREATIONAL FOUNDAT 0.01 10/15/30 INR 48.76 DLF RESIDENTIAL BUILDERS 0.01 06/23/30 INR 51.08 DLF RESIDENTIAL DEVELOPE 0.01 06/28/30 INR 52.31 DLF SOUTHERN TOWNS PVT L 0.01 07/09/30 INR 52.44 DLF URBAN PVT LTD 0.01 12/11/27 INR 66.04 DOMUS REAL ESTATE PVT LT 0.01 07/11/30 INR 52.37 ECAP EQUITIES LTD 0.01 03/26/31 INR 51.43 EDEL LAND LTD 0.01 03/22/26 INR 73.97 EDELWEISS ASSET RECONSTR 2.00 11/20/27 INR 74.92 EDELWEISS ASSET RECONSTR 2.00 10/07/28 INR 71.23 EDELWEISS ASSET RECONSTR 2.00 01/15/29 INR 70.12 EDELWEISS ASSET RECONSTR 2.00 03/28/29 INR 69.36 EDELWEISS ASSET RECONSTR 2.00 07/22/29 INR 68.17 EDELWEISS RURAL & CORPOR 0.01 03/25/31 INR 52.26 ELP SOLAR ONE PVT LTD 0.25 02/27/31 INR 51.23 ESSAR POWER TRANSMISSION 3.00 03/31/43 INR 47.89 ESSAR POWER TRANSMISSION 3.00 03/31/43 INR 47.89 FUTURE RETAIL LTD 5.60 01/22/25 USD 57.25 FUTURE RETAIL LTD 5.60 01/22/25 USD 59.88 GAMMA GAANA LTD 0.01 07/31/31 INR 48.26 GREEN URJA PVT LTD 0.01 02/14/30 INR 54.30 GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 9.88 HCL INFOTECH LTD 0.10 03/31/36 INR 34.54 HITODI INFRASTRUCTURE LT 0.01 06/30/27 INR 65.64 JAIPRAKASH ASSOCIATES LT 5.75 09/08/17 USD 55.13 JAIPRAKASH POWER VENTURE 7.00 05/15/17 USD 6.04 JCT LTD 2.50 04/08/11 USD 25.75 JSM CORP PVT LTD 0.01 08/31/36 INR 32.25 JTPM ATSALI LTD 0.01 08/29/48 INR 13.57 JUNO MONETA TECHNOLOGIES 0.01 05/18/26 INR 74.18 KANAKADURGA FINANCE LTD 0.01 04/15/36 INR 31.06 KUSHALS RETAIL PVT LTD 1.00 05/13/29 INR 63.64 L&T FINANCE LTD 6.25 12/03/24 INR 71.42 LITMUS WORLD MARKETING T 0.01 03/31/28 INR 68.32 MARIS POWER SUPPLY CO PV 2.00 04/18/28 INR 74.05 MELOSA BUILDERS & DEVELO 0.01 06/29/30 INR 50.83 MENS BUILDCON PVT LTD 0.01 06/29/30 INR 50.83 METALITE FUEL INDUSTRIES 0.01 03/31/35 INR 37.14 MYTRAH AADHYA POWER PVT 0.01 07/05/35 INR 35.87 MYTRAH ADVAITH POWER PVT 0.01 07/13/36 INR 33.10 MYTRAH AKSHAYA ENERGY PV 0.01 07/13/36 INR 33.10 NANI VIRANI WIND ENERGY 2.00 06/30/39 INR 45.62 NEEMUCH SOLAR POWER PVT 0.01 08/29/46 INR 15.25 NHAVA SHEVA INTERNATIONA 0.01 04/14/27 INR 69.16 ORIGAMI CELLULO PVT LTD 0.01 11/14/36 INR 31.85 PALIWAL REAL ESTATE LTD 0.01 09/09/31 INR 46.91 PIRAMAL CAPITAL & HOUSIN 8.50 04/18/23 INR 34.23 PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63 PRUDENT ARC LTD 0.01 09/02/31 INR 47.49 PRUDENT ARC LTD 0.01 10/04/31 INR 45.80 PUNJAB INFRASTRUCTURE DE 0.40 10/15/27 INR 70.52 PUNJAB INFRASTRUCTURE DE 0.40 10/15/28 INR 65.43 PUNJAB INFRASTRUCTURE DE 0.40 10/15/29 INR 60.65 PUNJAB INFRASTRUCTURE DE 0.40 10/15/30 INR 56.18 PUNJAB INFRASTRUCTURE DE 0.40 10/15/31 INR 52.04 PUNJAB INFRASTRUCTURE DE 0.40 10/15/32 INR 48.25 PUNJAB INFRASTRUCTURE DE 0.40 10/15/33 INR 44.80 PURVANCHAL SOLAR POWER P 0.01 08/29/46 INR 15.25 PYRAMID SAIMIRA THEATRE 1.75 07/04/12 USD 0.26 R L FINE CHEM PVT LTD 0.10 08/19/36 INR 32.75 RAMANI ICECREAM CO LTD 0.01 12/29/35 INR 35.13 REDKITE CAPITAL PVT LTD 2.50 03/30/29 INR 72.87 REI AGRO LTD 5.50 11/13/14 USD 0.69 REI AGRO LTD 5.50 11/13/14 USD 0.69 RELIANCE COMMUNICATIONS 6.50 11/06/20 USD 8.04 REWANCHAL SOLAR POWER PV 0.01 08/29/46 INR 15.25 RIVERIA COMMERCIAL DEVEL 0.01 07/08/31 INR 46.32 RMZ ONE PARAMOUNT PVT LT 0.10 03/24/29 INR 58.84 SAKET HOLIDAYS RESORTS P 0.01 06/29/30 INR 52.06 SANJWIN CONSULTING SOLUT 0.01 06/01/28 INR 61.13 SHERISHA ROOFTOP SOLAR S 0.01 08/12/31 INR 45.42 SHIVAJI MARG MAINTENANCE 0.01 06/28/30 INR 51.21 SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 26.24 STPL HORTICULTURE PVT LT 0.01 03/31/31 INR 58.11 SUNWORLD SOLAR POWER PVT 0.01 08/31/46 INR 15.17 SURBHI INVESTMENTS & TRA 2.50 10/21/28 INR 73.74 SUTARA ROADS & INFRA LTD 0.01 08/31/30 INR 58.54 SUZLON ENERGY LTD 5.75 07/16/19 USD 23.63 SUZLON ENERGY LTD 5.75 07/16/19 USD 23.63 SVOGL OIL GAS & ENERGY L 5.00 08/17/15 USD 0.61 TATA SMARTFOODZ LTD 0.01 04/18/26 INR 74.48 TATA SMARTFOODZ LTD 0.01 06/28/26 INR 73.27 TATA SMARTFOODZ LTD 0.01 08/19/26 INR 72.38 TN URJA PVT LTD 0.10 02/22/36 INR 34.80 JAPAN ----- AVANSTRATE INC 0.20 10/29/32 JPY 9.75 HIS CO LTD 0.58 02/19/27 JPY 65.06 TKJP CORP 1.02 12/15/17 JPY 0.50 TKJP CORP 0.85 03/06/19 JPY 2.02 TKJP CORP 0.58 03/26/21 JPY 2.02 UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 60.00 UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 55.06 UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 42.43 UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 37.62 UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 34.38 UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 32.96 UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 30.00 UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 23.55 UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 24.20 WATSUN INFRABUILD PVT LT 4.00 10/16/37 INR 62.22 YBRANT ENGINEERING & CON 0.01 05/07/31 INR 50.03 MALAYSIA -------- ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.59 BERJAYA CORP BHD 5.00 04/22/22 MYR 0.27 BERJAYA CORP BHD 2.00 05/29/26 MYR 0.26 CAPITAL A BHD 8.00 12/29/28 MYR 0.68 ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.08 HUME CEMENT INDUSTRIES B 5.00 05/29/24 MYR 1.42 MALAYAN FLOUR MILLS BHD 5.00 01/24/24 MYR 1.21 PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 64.72 PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 64.44 PENGURUSAN AIR SPV BHD 1.00 02/05/36 MYR 64.58 PENGURUSAN AIR SPV BHD 1.00 11/11/36 MYR 62.07 PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 19.30 SCANWOLF CORP BHD 3.00 08/04/26 MYR 0.31 SD INTERNATIONAL SUKUK I 7.00 03/12/25 USD 9.17 SD INTERNATIONAL SUKUK L 6.30 05/09/22 USD 9.89 YB VENTURES BHD 0.10 09/05/26 MYR 0.06 PHILIPPINES ----------- BAYAN TELECOMMUNICATIONS 15.00 07/15/06 USD 17.28 SINGAPORE --------- APL REALTY HOLDINGS PTE 5.95 06/02/24 USD 57.57 ASL MARINE HOLDINGS LTD 3.00 03/28/25 SGD 41.51 ASL MARINE HOLDINGS LTD 3.00 10/01/26 SGD 41.50 BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60 BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60 BANYAN TREE HOLDINGS LTD 7.50 08/06/22 SGD 1.21 BLD INVESTMENTS PTE LTD 8.63 03/23/15 USD 6.75 DAVOMAS INTERNATIONAL FI 11.00 05/09/11 USD 0.62 DAVOMAS INTERNATIONAL FI 11.00 05/09/11 USD 0.62 DAVOMAS INTERNATIONAL FI 11.00 12/08/14 USD 0.57 DAVOMAS INTERNATIONAL FI 11.00 12/08/14 USD 0.57 ENERCOAL RESOURCES PTE L 9.25 08/05/14 USD 45.75 ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 43.43 EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00 GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 13.85 GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 16.45 INDO INFRASTRUCTURE GROU 2.00 07/30/10 USD 1.00 INNOVATE CAPITAL PTE LTD 6.00 12/11/24 USD 36.17 ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 15.00 JGC VENTURES PTE LTD 3.00 06/30/25 USD 52.02 MICLYN EXPRESS OFFSHORE 8.75 11/25/18 USD 0.61 MODERNLAND OVERSEAS PTE 3.00 04/30/27 USD 45.61 MULHACEN PTE LTD 6.50 08/01/23 EUR 51.60 MULHACEN PTE LTD 6.50 08/01/23 EUR 51.67 NT RIG HOLDCO PTE LTD 7.50 12/31/23 USD 11.53 ORO NEGRO DRILLING PTE L 7.50 01/24/19 USD 2.23 PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00 RICKMERS MARITIME 8.45 05/15/17 SGD 5.00 SSMS PLANTATION HOLDINGS 7.75 01/23/23 USD 65.78 SWIBER CAPITAL PTE LTD 6.25 10/30/17 SGD 4.20 SWIBER CAPITAL PTE LTD 6.50 08/02/18 SGD 4.20 SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25 SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13 SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13 SOUTH KOREA ----------- FIRST 5G SECURITIZATION 1.71 02/28/25 KRW 27.06 FIRST 5G SECURITIZATION 1.89 11/28/25 KRW 27.42 HEUNGKUK FIRE & MARINE I 5.70 12/29/46 KRW 44.50 KIBO ABS SPECIALTY CO LT 5.00 02/24/23 KRW 73.02 KIBO ABS SPECIALTY CO LT 5.00 02/24/23 KRW 73.89 KIBO ABS SPECIALTY CO LT 5.00 02/09/24 KRW 74.19 KIBO ABS SPECIALTY CO LT 5.00 02/24/24 KRW 70.98 KOREA EAST-WEST POWER CO 1.42 10/07/49 KRW 70.38 KOREA EXPRESSWAY CORP 1.32 08/22/49 KRW 72.36 KOREA HYDRO & NUCLEAR PO 1.58 10/16/49 KRW 74.98 KOREA LAND & HOUSING COR 1.28 08/23/49 KRW 71.36 KOREA MIDLAND POWER CO L 1.53 02/25/50 KRW 72.27 KOREA RAIL NETWORK AUTHO 1.46 09/27/49 KRW 74.86 KOREA RAILROAD CORP 1.44 07/26/49 KRW 73.90 KOREA RAILROAD CORP 1.31 08/29/49 KRW 71.98 KOREA RAILROAD CORP 1.47 09/19/49 KRW 74.94 KOREA SOUTH-EAST POWER C 1.65 06/11/50 KRW 74.29 KOREA SOUTHERN POWER CO 1.29 08/13/49 KRW 67.82 KOREA SOUTHERN POWER CO 1.63 12/19/49 KRW 74.23 KOREA SOUTHERN POWER CO 1.68 06/25/50 KRW 74.84 KOREA TREASURY BOND 1.50 09/10/66 KRW 71.29 KOREA TREASURY BOND 1.63 09/10/70 KRW 73.66 KOREA WATER RESOURCES CO 3.40 05/28/40 KRW 53.88 KOREA WESTERN POWER CO L 1.62 05/28/50 KRW 73.77 KOREA WESTERN POWER CO L 1.68 08/27/50 KRW 74.88 LOTTE CARD CO LTD 3.95 06/28/49 KRW 41.03 SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00 SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00 SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00 SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00 SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00 SINBO SECURITIZATION SPE 5.00 02/23/22 KRW 70.71 SINBO SECURITIZATION SPE 5.00 06/27/22 KRW 64.86 SINBO SECURITIZATION SPE 5.00 07/24/22 KRW 64.06 SINBO SECURITIZATION SPE 5.00 07/26/22 KRW 64.03 SINBO SECURITIZATION SPE 5.00 08/29/22 KRW 64.16 SINBO SECURITIZATION SPE 5.00 08/31/22 KRW 64.26 SINBO SECURITIZATION SPE 5.00 09/26/22 KRW 63.21 SINBO SECURITIZATION SPE 5.00 12/25/22 KRW 72.83 SINBO SECURITIZATION SPE 5.00 01/25/23 KRW 61.75 SINBO SECURITIZATION SPE 5.00 01/29/23 KRW 72.56 SINBO SECURITIZATION SPE 5.00 06/27/23 KRW 65.55 SINBO SECURITIZATION SPE 5.00 06/30/23 KRW 65.53 SINBO SECURITIZATION SPE 5.00 07/24/23 KRW 65.37 SINBO SECURITIZATION SPE 5.00 07/29/23 KRW 65.35 SINBO SECURITIZATION SPE 5.00 08/29/23 KRW 66.34 SINBO SECURITIZATION SPE 5.00 08/29/23 KRW 66.34 SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02 SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02 SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02 SINBO SECURITIZATION SPE 5.00 09/29/23 KRW 65.99 SINBO SECURITIZATION SPE 5.00 10/24/23 KRW 65.67 SINBO SECURITIZATION SPE 5.00 10/24/23 KRW 65.67 SINBO SECURITIZATION SPE 3.00 11/21/23 KRW 63.61 SINBO SECURITIZATION SPE 5.00 11/21/23 KRW 66.59 SINBO SECURITIZATION SPE 4.00 12/25/23 KRW 64.65 SINBO SECURITIZATION SPE 4.00 12/25/23 KRW 64.65 SINBO SECURITIZATION SPE 5.00 12/25/23 KRW 73.05 SINBO SECURITIZATION SPE 5.00 12/29/23 KRW 69.77 SINBO SECURITIZATION SPE 3.00 01/29/24 KRW 68.70 SINBO SECURITIZATION SPE 4.00 01/29/24 KRW 70.73 SINBO SECURITIZATION SPE 4.00 01/29/24 KRW 70.73 SINBO SECURITIZATION SPE 5.00 01/29/24 KRW 74.26 SINBO SECURITIZATION SPE 5.00 02/27/24 KRW 66.73 SINBO SECURITIZATION SPE 5.00 02/29/24 KRW 74.25 SINBO SECURITIZATION SPE 4.00 04/15/24 KRW 65.06 SINBO SECURITIZATION SPE 4.00 06/30/24 KRW 65.73 SINBO SECURITIZATION SPE 4.00 06/30/24 KRW 65.73 SINBO SECURITIZATION SPE 5.00 06/30/24 KRW 67.55 SINBO SECURITIZATION SPE 4.00 07/29/24 KRW 65.51 SINBO SECURITIZATION SPE 5.00 07/29/24 KRW 67.30 SINBO SECURITIZATION SPE 5.00 07/29/24 KRW 67.30 SINBO SECURITIZATION SPE 4.00 08/28/24 KRW 66.25 SINBO SECURITIZATION SPE 4.00 08/28/24 KRW 66.25 SINBO SECURITIZATION SPE 5.00 08/28/24 KRW 68.26 SINBO SECURITIZATION SPE 4.00 09/29/24 KRW 65.96 SINBO SECURITIZATION SPE 4.00 09/29/24 KRW 65.96 SINBO SECURITIZATION SPE 5.00 09/29/24 KRW 67.95 SINBO SECURITIZATION SPE 4.00 11/27/24 KRW 68.94 SINBO SECURITIZATION SPE 4.00 11/27/24 KRW 68.94 SINBO SECURITIZATION SPE 5.00 11/27/24 KRW 71.05 SINBO SECURITIZATION SPE 5.00 11/27/24 KRW 71.05 SINBO SECURITIZATION SPE 4.00 12/29/24 KRW 74.84 SINBO SECURITIZATION SPE 4.00 12/29/24 KRW 74.84 SINBO SECURITIZATION SPE 4.00 01/29/25 KRW 74.66 SINBO SECURITIZATION SPE 4.00 02/28/25 KRW 74.56 SK TELECOM CO LTD 1.56 07/29/49 KRW 73.88 SRI LANKA --------- SRI LANKA DEVELOPMENT BO 4.86 03/16/23 USD 72.81 SRI LANKA DEVELOPMENT BO 6.62 03/16/23 USD 74.47 SRI LANKA DEVELOPMENT BO 4.73 05/01/23 USD 70.48 SRI LANKA DEVELOPMENT BO 4.77 05/01/23 USD 70.52 SRI LANKA DEVELOPMENT BO 5.66 05/01/23 USD 71.34 SRI LANKA DEVELOPMENT BO 6.69 05/01/23 USD 72.27 SRI LANKA DEVELOPMENT BO 6.70 05/01/23 USD 72.28 SRI LANKA DEVELOPMENT BO 6.71 05/01/23 USD 72.29 SRI LANKA DEVELOPMENT BO 7.65 05/01/23 USD 73.13 SRI LANKA DEVELOPMENT BO 7.75 05/01/23 USD 73.22 SRI LANKA DEVELOPMENT BO 7.95 05/01/24 USD 60.54 SRI LANKA DEVELOPMENT BO 7.98 05/01/24 USD 60.59 SRI LANKA DEVELOPMENT BO 7.99 05/01/24 USD 60.60 SRI LANKA DEVELOPMENT BO 8.00 05/01/24 USD 60.74 SRI LANKA DEVELOPMENT BO 5.98 01/22/25 USD 51.71 SRI LANKA DEVELOPMENT BO 6.02 01/22/25 USD 51.78 SRI LANKA DEVELOPMENT BO 6.05 01/22/25 USD 51.83 SRI LANKA DEVELOPMENT BO 5.41 01/22/25 USD 52.24 SRI LANKA DEVELOPMENT BO 6.50 01/22/25 USD 52.62 SRI LANKA DEVELOPMENT BO 6.75 01/22/25 USD 53.06 SRI LANKA DEVELOPMENT BO 6.80 01/22/25 USD 53.15 SRI LANKA DEVELOPMENT BO 6.82 01/22/25 USD 53.18 SRI LANKA DEVELOPMENT BO 6.87 01/22/25 USD 53.27 SRI LANKA DEVELOPMENT BO 6.99 01/22/25 USD 53.48 SRI LANKA DEVELOPMENT BO 7.68 01/22/25 USD 54.69 SRI LANKA DEVELOPMENT BO 7.82 01/22/25 USD 54.93 SRI LANKA DEVELOPMENT BO 7.60 07/30/26 USD 48.73 SRI LANKA DEVELOPMENT BO 8.00 07/30/26 USD 49.64 SRI LANKA GOVERNMENT INT 5.75 04/18/23 USD 52.69 SRI LANKA GOVERNMENT INT 5.75 04/18/23 USD 52.88 SRI LANKA GOVERNMENT INT 6.85 03/14/24 USD 51.49 SRI LANKA GOVERNMENT INT 6.85 03/14/24 USD 51.58 SRI LANKA GOVERNMENT INT 6.35 06/28/24 USD 51.47 SRI LANKA GOVERNMENT INT 6.35 06/28/24 USD 51.61 SRI LANKA GOVERNMENT INT 6.13 06/03/25 USD 51.81 SRI LANKA GOVERNMENT INT 6.13 06/03/25 USD 51.83 SRI LANKA GOVERNMENT INT 6.85 11/03/25 USD 51.59 SRI LANKA GOVERNMENT INT 6.85 11/03/25 USD 51.60 SRI LANKA GOVERNMENT INT 6.83 07/18/26 USD 49.36 SRI LANKA GOVERNMENT INT 6.83 07/18/26 USD 49.43 SRI LANKA GOVERNMENT INT 6.20 05/11/27 USD 47.64 SRI LANKA GOVERNMENT INT 6.20 05/11/27 USD 47.64 SRI LANKA GOVERNMENT INT 6.75 04/18/28 USD 47.61 SRI LANKA GOVERNMENT INT 6.75 04/18/28 USD 47.65 SRI LANKA GOVERNMENT INT 7.85 03/14/29 USD 47.56 SRI LANKA GOVERNMENT INT 7.85 03/14/29 USD 47.61 SRI LANKA GOVERNMENT INT 7.55 03/28/30 USD 47.63 SRI LANKA GOVERNMENT INT 7.55 03/28/30 USD 47.63 SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 52.86 THAILAND -------- G STEEL PCL 3.00 10/04/15 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Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez, Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman, Editors. Copyright 2022. All rights reserved. ISSN: 1520-9482. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. TCR-AP subscription rate is US$775 for 6 months delivered via e- mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are US$25 each. For subscription information, contact Peter Chapman at 215-945-7000. *** End of Transmission ***