/raid1/www/Hosts/bankrupt/TCRAP_Public/230103.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, January 3, 2023, Vol. 26, No. 3

                           Headlines



A U S T R A L I A

SELECTAV PTY: First Creditors' Meeting Set for Jan. 4
SYDNEY PARRAMATTA: First Creditors' Meeting Set for Jan. 12


C H I N A

CBAK ENERGY: Two Proposals Passed at Annual Meeting
CHINA FORTUNE: Sells $1.8 Billion of Assets to State-Owned Rival
MODERN LAND: Sidley Advises Firm in Offshore Debt Restructuring
REMARK HOLDINGS: Effects 1-for-10 Reverse Stock Split
REMARK HOLDINGS: To Continue Business Relationship With Mudrick



H O N G   K O N G

GOME RETAIL: Suppliers File Bankruptcy Petitions Against Unit


I N D I A

A.K. SPINTEX: CRISIL Lowers Rating on INR7.5cr Cash Loan to B
AASHKA HOSPITALS: CRISIL Keeps D Debt Rating in Not Cooperating
ACE KUDALE: CRISIL Lowers Rating on INR10cr Loan to B
APIS INDIA: CRISIL Lowers Rating on Long/Short Debt to B
BURNPUR CEMENT: CRISIL Keeps D Debt Ratings in Not Cooperating

DESAI INFRASTRUCTURE: CRISIL Withdraws B+ Rating on INR4.5cr Loan
GANESH ALLOYS: CRISIL Assigns B Rating to INR7cr Term Loan
GSS INFOTECH: CRISIL Keeps B Debt Ratings in Not Cooperating
JMT AUTO: CRISIL Keeps D Debt Ratings in Not Cooperating
KOLHAPUR MUNICIPAL: CRISIL Lowers Corporate Credit Rating to B

MAHADEV INDUSTRIES: CRISIL Assigns B+ Rating to INR4.5cr Loan
MOBILE TELECOM: CRISIL Keeps D Debt Rating in Not Cooperating
MODERN STEEL: CRISIL Keeps D Debt Ratings in Not Cooperating
MYSORE PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating
POLYSPIN EXPORTS: CRISIL Keeps B+ Debt Ratings in Not Cooperating

RASH BUILDERS: CRISIL Lowers Rating on INR11.4cr Sec. Loan to D
RUBY CABLES: CRISIL Keeps D Debt Ratings in Not Cooperating
SCV SKY: CRISIL Keeps D Debt Ratings in Not Cooperating Category
SERVOTECH POWER: CRISIL Keeps B+ Debt Ratings in Not Cooperating
SICAL MULTIMODAL: ICRA Places D Debt Ratings on Watch Positive

SILVERLINE INVESTMENTS: ICRA Keeps D Ratings in Not Cooperating
SPELL ORGANICS: CRISIL Assigns B+ Rating to INR5cr Cash Loan
SPLENORA TEXTURES: CRISIL Cuts Rating on INR4cr Cash Loan to B+
STURDY INDUSTRIES: CRISIL Keeps D Debt Ratings in Not Cooperating
SUNDARAM STEELS: CARE Keeps B+ Debt Rating in Not Cooperating

SVE DRILLING: CARE Lowers Rating on INR12cr LT Loan to B-
TALIB HUSSAIN: CRISIL Assigns B+ Rating to INR6cr Overdraft Loan
TAPTI AGRO: ICRA Keeps B Debt Ratings in Not Cooperating Category
ULTRA HOME: CARE Keeps D Debt Rating in Not Cooperating Category
VAIJANATH INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating

VAMA INDUSTRIES: CRISIL Keeps D Debt Ratings in Not Cooperating
VIJAYA DIAGNOSTIC: CRISIL Keeps B+ Ratings in Not Cooperating
VIN SEMICONDUCTORS: CRISIL Keeps D Ratings in Not Cooperating
VINAYAK DIAMOND: ICRA Keeps B+ Debt Ratings in Not Cooperating
VVF INDIA: CRISIL Keeps D LT/ST Debt Ratings in Not Cooperating

WALTER PACK: CRISIL Withdraws B Rating on INR4cr Cash Loan
WEST BENGAL: CRISIL Keeps B Debt Rating in Not Cooperating


M A L A Y S I A

KNM GROUP: Has Creditors' Support to Monetize Unit, CEO Says


P A K I S T A N

PAKISTAN: Imran Regrets Failure to Make Country Bankrupt


S I N G A P O R E

ARCOMET ASIA: Creditors' Proofs of Debt Due on Jan. 30
CITYDEV PROPERTIES: Creditors' Proofs of Debt Due on Jan. 31
LIPPO ZHONG: Creditors' Proofs of Debt Due on Jan. 31
LOVE NEST: Court to Hear Wind-Up Petition on Jan. 13


S O U T H   K O R E A

SOUTH KOREA: Builders Desperately Need Financial Aid, Tax Breaks


X X X X X X X X

[*] BOND PRICING: For the Week Dec. 26, 2022 to Dec. 30, 2022

                           - - - - -


=================
A U S T R A L I A
=================

SELECTAV PTY: First Creditors' Meeting Set for Jan. 4
-----------------------------------------------------
A first meeting of the creditors in the proceedings of Selectav
Pty. Ltd. will be held on Jan. 4, 2023, at 11:00 a.m. virtually by
video conference in Zoom.

Daniel Peter Juratowitch and Sam Kaso of Cor Cordis were appointed
as administrators of the company on Dec. 20, 2022.


SYDNEY PARRAMATTA: First Creditors' Meeting Set for Jan. 12
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Sydney
Parramatta Square Centre Pty Ltd will be held on Jan. 12, 2023, at
11:00 a.m. at Suite 21.02 Leve1 21 Australia Square Tower, 264
George Street in Sydney and via virtual meeting technology.

Glenn Livingstone and Alan Walker of WLP Restructuring were
appointed as administrators of the company on Jan. 1, 2023.




=========
C H I N A
=========

CBAK ENERGY: Two Proposals Passed at Annual Meeting
---------------------------------------------------
CBAK Energy Technology, Inc. held the 2022 annual meeting of
stockholders at which the stockholders:

   (1) elected Yunfei Li, J. Simon Xue, Martha C. Agee, Jianjun
       He, and Xiangyu Pei to the Board of Directors of the
       Company to serve until the 2023 annual meeting of
       stockholders; and

   (2) ratified the appointment of Centurion ZD CPA & Co. as
       the Company's independent registered public accounting
       firm for the fiscal year ending Dec. 31, 2022.

                         About CBAK Energy

Liaoning Province, People's Republic of China-based CBAK Energy --
www.cbak.com.cn -- is a manufacturer of new energy high power
lithium batteries that are mainly used in light electric vehicles,
electric vehicles, electric tools, energy storage including but not
limited to uninterruptible power supply (UPS) application, and
other high-power applications.  Its primary product offering
consists of new energy high power lithium batteries, but it is also
seeking to expand into the production and sale of light electric
vehicles.

Hong Kong, China-based Centurion ZD CPA & Co., the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated April 15, 2022, citing that the Company has negative
cash flows from operating activities, accumulated deficit from
recurring net losses incurred for the prior years and significant
short-term debt obligations maturing in less than one year as of
Dec. 31, 2021.  All these factors raise substantial doubt about its
ability to continue as a going concern.


CHINA FORTUNE: Sells $1.8 Billion of Assets to State-Owned Rival
----------------------------------------------------------------
Caixin Global reports that cash-strapped private developer China
Fortune Land Development Co. Ltd. announced it is selling CNY12.4
billion (US$1.8 billion) worth of assets to China Resources Land
Ltd. to pay back its liabilities, according to a Dec. 28 exchange
filing.

Caixin relates that China Fortune Land will transfer its shares and
creditor rights in four subsidiaries located in southern China
regions to the state-owned property giant. The shares are deemed as
having no value and priced at only CNY4 in total, as three of the
four firms booked net losses in the first three quarters of 2022.

The creditor rights are priced at CNY12.4 billion, the report
relays.  

                        About China Fortune

China Fortune Land Development Co., Ltd. offers real estate
development and investment services. The Company develops
industrial parks and industrial town projects. China Fortune Land
Development also provides related industrial solution services.

As reported in the Troubled Company Reporter-Asia Pacific on March
12, 2021, China Fortune Land Development Co. Ltd. again defaulted
on billions of yuan in debt as it struggled to scrape together
enough cash to meet its commitments amid a tightening regulatory
environment. China Fortune said that it and its subsidiaries have
recently failed to repay CNY8.38 billion ($1.3 billion) in
principal and interest on a mishmash of new debt, including bank
loans, trust loans, bonds and other debt financing tools, according
to a March 10 filing to the Shanghai Stock Exchange.


MODERN LAND: Sidley Advises Firm in Offshore Debt Restructuring
---------------------------------------------------------------
Sidley represented Modern Land (China) Co., Limited in the
restructuring of its US$1.34 billion offshore dollar-denominated
notes. Modern Land is a real estate developer focused on the
development of green, energy-saving, and eco-friendly residences in
the People’s Republic of China.

The complex transaction was implemented through a scheme of
arrangement in the Cayman Islands and parallel recognition
proceedings under Chapter 15 of the U.S. Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of New York (SDNY).
Through the restructuring, which became effective on December 30,
2022, the existing New York law-governed notes were replaced by a
combination of cash and new notes with extended maturity. The new
notes are also governed by New York law and are listed on the
Singapore Exchange. The scheme achieved the support of creditors
representing 94.78% of the total value of scheme claims,
notwithstanding a very diversified investor base, and was
implemented with the close co-operation of an ad hoc group of
bondholders.

On July 18, 2022, the U.S. Bankruptcy Court for the SDNY delivered
an order granting recognition of Modern Land’s Cayman scheme as a
foreign main proceeding. This decision was of wider significance,
confirming that Chapter 15 recognition is effective and binding in
discharging New York law-governed debt outside the territorial
jurisdiction of the U.S.

The decision of the U.S. Bankruptcy Court extends beyond the
restructuring of Modern Land, and will be significant for a number
of offshore incorporated businesses who are in the process of
launching schemes to restructure New York law-governed debt. We
expect to see many more offshore restructurings of New York
law-governed debt relying on the Modern Land decision to obtain
binding and substantive discharge of that debt under Chapter 15.

The multidisciplinary Sidley team was led by partners Mark Knight
(Restructuring), Carrie Li (Capital Markets), and Raymond Oh (China
Corporate and Finance). The transaction involved a team working
together across several practice areas and offices, including:

* Restructuring (London and Hong Kong): partners Jifree Cader and
Gordon Davidson, lead managing associate Luke Mason, managing
associate Molly Dyas, and associate Chandon Chahal;

* Restructuring (U.S.): partner Anthony Grossi, managing associate
Juliana Hoffman, and associates Charlie Saad and Suzanne Span;

* Capital Markets (Hong Kong and Beijing): counsel Leonard Lou,
managing associate Sophie Gu, and associate Robin Liu; and

* Other lawyers involved: partners Olivia Ngan and Desmond Ang,
senior managing associate Sandy Yeung, counsel Douglas Tsang, and
associate Gigi Ng.

                         About Modern Land

Modern Land (China) Co., Limited, was established in 2000 and is
headquartered in Beijing.  It was listed on the Hong Kong Stock
Exchange in 2013 under the stock code 1107.HK.  The Group is a real
estate developer that independently develops and operates green
technology systems and expansion systems, and builds the iconic
brand of green technology real estate in China-"MOMI".

On April 14, 2022, Modern Land (China) filed a petition in the
Cayman Islands commencing scheme proceedings under section 86 of
the Cayman Islands Companies Act to pursue a restructuring pursuant
to the terms of a restructuring support agreement with holders of
existing notes.  Modern Land is the subject of a restructuring
proceeding entitled In the Matter of Modern Land (China) Co.,
Limited, concerning a scheme of arrangement between the Debtor and
bondholders, currently pending before the Grand Court of the Cayman
Islands, Cause Number 96 of 2022 (ASCJ).

On June 3, 2022, Modern Land (China) Co. filed a Chapter 15
bankruptcy petition (S.D.N.Y. Case No. 22-10707) to seek U.S.
recognition of its Cayman proceedings.  The Hon. Martin Glenn is
the case judge.  Sidley Austin LLP, led by Anthony Grossi and
Julina Hoffman, is counsel in the U.S. case.  Houlihan Lokey
(China) Limited serves as the Debtor's financial advisor.

An hoc group of holders of the Company's existing notes is advised
by Kirkland & Ellis LLP.


REMARK HOLDINGS: Effects 1-for-10 Reverse Stock Split
-----------------------------------------------------
Remark Holdings, Inc. announced a reverse stock split of its issued
and outstanding shares of common stock at a ratio of 1-for-10 and
that it had filed a Certificate of Amendment of its Amended and
Restated Certificate of Incorporation with the Secretary of State
of the State of Delaware to effect the reverse split.  The reverse
split became effective after the market closed on Dec. 21, 2022, at
5:00 p.m. Eastern Time.  Remark's common stock will continue to
trade on the Nasdaq Capital Market under the symbol "MARK," but
will trade on a split-adjusted basis under a new CUSIP number,
75955K300.

Remark's stockholders approved the reverse split at a special
meeting of stockholders held on Dec. 6, 2022.  In connection with
approving the reverse split, Remark's stockholders granted
authority to the company's Board of Directors to determine, in its
sole discretion, the exact ratio of the reverse split within the
range of 1-for-10 to 1-for-20.  The Board of Directors approved the
reverse split on Sept. 15, 2022, and the ratio of 1-for-10 on Dec.
9, 2022.

As a result of the reverse split, every 10 pre-split shares of
common stock issued and outstanding will automatically combine and
convert into one new share of common stock without any action on
the part of the holders and with no change in the par value per
share of $0.001.  The reverse split will proportionately reduce the
number of shares of common stock available for issuance under
Remark's equity incentive plans and proportionately reduce the
number of shares of common stock issuable upon the exercise of
stock options and upon the release of restricted stock units
outstanding immediately prior to the effectiveness of the reverse
split.

The reverse split reduces the number of shares of Remark's issued
and outstanding common stock from approximately 112 million
pre-reverse-split shares to approximately 11.2 million
post-reverse-split shares.  No fractional shares will be issued as
a result of the reverse split.  Owners of fractional shares
outstanding after the reverse split will be entitled to receive
cash for such fractional shares based upon the closing sales price
of the common stock as reported on the Nasdaq Capital Market on
Dec. 21, 2022.

The company's transfer agent, Computershare, Inc., is acting as the
exchange agent for the reverse split and will provide instructions
to stockholders regarding the process for exchanging their
pre-split shares for post-split shares.  Additional information
about the reverse split can be found in the company's definitive
proxy statement filed with the Securities and Exchange Commission
on Oct. 24, 2022, a copy of which is available at www.sec.gov and
on the company's website.

                       About Remark Holdings

Remark Holdings, Inc. (NASDAQ: MARK) --
http://www.remarkholdings.com-- delivers an integrated suite of AI
solutions that help organizations monitor, understand, and act on
threats in real-time.  Remark consists of an international team of
sector-experienced professionals that have created video analytics.
The Company's GDPR-compliant and CCPA-compliant solutions focus on
market sectors including retail, federal and state governmental
entities, public safety, hospitality, and transportation.  Remark
maintains its headquarters in Las Vegas, Nevada, with an additional
North American office in New York and New York and international
offices in London, England, and Chengdu, China.

Remark Holdings reported net income of $27.47 million for the year
ended Dec. 31, 2021, compared to a net loss of $13.69 million for
the year ended Dec. 31, 2020.  As of Sept. 30, 2022, the Company
had $16.69 million in total assets, $31.38 million in total
liabilities, and a total stockholders' deficit of $14.69 million.

Los Angeles, California-based Weinberg & Company, the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated March 31, 2022, citing that the Company has suffered
recurring losses from operations and negative cash flows from
operating activities and has a negative working capital and a
stockholders' deficit that raise substantial doubt about its
ability to continue as a going concern.


REMARK HOLDINGS: To Continue Business Relationship With Mudrick
---------------------------------------------------------------
Remark Holdings, Inc. and Mudrick Capital Management, L.P., a New
York-based, SEC-registered investment advisory firm with
approximately three billion dollars under management, have
announced their shared intention to continue their business
relationship by working to reach a mutually-beneficial amendment of
their existing loan agreement.

"We recognize that unforeseen circumstances can, at times, result
in a need to adjust plans," said Jason Mudrick, founder and chief
investment officer of Mudrick Capital Management, "and we want to
give the companies with which we do business the opportunity to
succeed while also meeting their obligations to us."

The companies are working to reach agreement on all details, with
any potential loan modification expected to be communicated to the
public after the New Year holiday.

"Despite the difficult and unforeseen conditions that we have dealt
with over the past year, we have put our company on the right path
to achieve both growth and profitability in 2023," said Kai-Shing
Tao, chairman and chief executive officer of Remark Holdings.  "We
appreciate Mudrick's long-term vision and flexibility in working
with us to allow us to continue to bring our business plans to
fruition while meeting our obligations to Mudrick."

                       About Remark Holdings

Remark Holdings, Inc. (NASDAQ: MARK) --
http://www.remarkholdings.com-- delivers an integrated suite of AI
solutions that help organizations monitor, understand, and act on
threats in real-time.  Remark consists of an international team of
sector-experienced professionals that have created video analytics.
The Company's GDPR-compliant and CCPA-compliant solutions focus on
market sectors including retail, federal and state governmental
entities, public safety, hospitality, and transportation.  Remark
maintains its headquarters in Las Vegas, Nevada, with an additional
North American office in New York and New York and international
offices in London, England, and Chengdu, China.

Remark Holdings reported net income of $27.47 million for the year
ended Dec. 31, 2021, compared to a net loss of $13.69 million for
the year ended Dec. 31, 2020.  As of Sept. 30, 2022, the Company
had $16.69 million in total assets, $31.38 million in total
liabilities, and a total stockholders' deficit of $14.69 million.

Los Angeles, California-based Weinberg & Company, the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated March 31, 2022, citing that the Company has suffered
recurring losses from operations and negative cash flows from
operating activities and has a negative working capital and a
stockholders' deficit that raise substantial doubt about its
ability to continue as a going concern.




=================
H O N G   K O N G
=================

GOME RETAIL: Suppliers File Bankruptcy Petitions Against Unit
-------------------------------------------------------------
Yicai Global reports shares of Gome Retail Holdings dropped after
the troubled Chinese electronics retailer said a group of suppliers
has filed bankruptcy petitions against its subsidiary, claiming the
unit has failed to pay them. Gome denied the claims.

Gome closed 4.4 percent lower at 11 Hong Kong cents (1.4 US cents)
on Dec. 30, bringing the decline in its share price to 83 percent
this year.

No legal documents exist to support the claim that Gome Appliances
owes the suppliers CNY4.7 million (USD675,500), its Beijing-based
parent company said in a stock exchange filing on Dec. 29,
according to Yicai Global.

Yicai Global relates that the bankruptcy petitions against Gome
Appliances were filed recently in the Beijing No. 1 Intermediate
People’s Court by Shenyang Shengxingda Kitchen and Bathroom
Products, Liaoning Supor Cookware, Harbin Supor Cookware, and
Changchun Supor Cookware, Gome said.

Gome's retail business has more than 10,000 creditors, according to
documents a company insider showed Yicai Global on Dec. 29. The
firm lacks funding channels and financial support at the moment
because of the impact of its debt crisis, but has the chance to
activate some financing channels and regain vitality by bringing in
external investors and creditors as shareholders through a
restructuring.

In addition to suppliers, Gome employees also are trying to recover
money that the company owes them, Yicai Global relays.

As a stop-gap measure, Gome announced on Dec. 14 that founder and
controlling shareholder Huang Guangyu had arranged a second
interest-free loan this month for the cash-strapped retailer, Yicai
Global recalls. His wholly-owned firm Sinning Crown was to lend
HKD200 (USD25.7 million) at no interest. Huang also made a HKD150
million interest-free loan to Gome on Dec. 8.

GOME Retail Holdings Limited (HK:0493) -- https://www.gome.com.hk/
-- together with its subsidiaries, engages in the retail of
electrical appliances, consumer electronic products, and general
merchandise in the People's Republic of China. The company also
sells its products online through self-operated and platform
models. In addition, it is involved in the provision of logistics
and procurement, storage and delivery, IT development, and business
management services; retailing of mobile phones and accessories;
and property holding activities. As of December 31, 2021, it
operated 4,195 stores in 1,439 cities. The company was formerly
known as GOME Electrical Appliances Holding Limited and changed its
name to GOME Retail Holdings Limited in 2017. GOME Retail Holdings
Limited was founded in 1987 and is headquartered in Central, Hong
Kong.




=========
I N D I A
=========

A.K. SPINTEX: CRISIL Lowers Rating on INR7.5cr Cash Loan to B
-------------------------------------------------------------
CRISIL Ratings has revised the ratings on bank facilities of A.K.
Spintex Limited (AKSL) to 'CRISIL B/Stable Issuer Not Cooperating'
from 'CRISIL BB+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            7.5       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB+/Stable ISSUER NOT
                                    COOPERATING')

   Term Loan              1.5       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB+/Stable ISSUER NOT
                                    COOPERATING')

CRISIL Ratings has been consistently following up with AKSL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AKSL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AKSL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AKSL Revised to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB+/Stable Issuer Not Cooperating'.

AKSL, incorporated in 1994, is owned and managed by Mr Prakash
Chand and Mr Tilok Chand. The company processes synthetic and
cotton grey fabric on job-work basis, and also undertakes dyeing
and printing. The manufacturing facility is located in Bhilwara
with an installed capacity of 48 lakh meters per month. The company
is listed at Bombay Stock Exchange.


AASHKA HOSPITALS: CRISIL Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Aashka
Hospitals Limited (AHPL) continues to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan             33.15      CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with AHPL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AHPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AHPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AHPL continues to be 'CRISIL D Issuer Not Cooperating'.

AHPL, incorporated in 2012, is currently setting up a
multi-specialty hospital at Gandhinagar, Ahmedabad (Gujarat). The
hospital is scheduled to commence operations from May 2015. The
company is promoted by Mr Bipin Shah, Dr Kaushik Gajjar, Dr Raj
Raval, and Dr Parag Thakkar, who are stakeholders in the hospital.


ACE KUDALE: CRISIL Lowers Rating on INR10cr Loan to B
-----------------------------------------------------
CRISIL Ratings has downgraded its rating on the bank facilities of
Ace Kudale Car Pvt Ltd (AKCPL) to 'CRISIL B/Stable' from 'CRISIL
B+/Stable'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Drop Line               9        CRISIL B/Stable (Downgraded
   Overdraft Facility               from 'CRISIL B+/ Stable')

   Inventory              10        CRISIL B/Stable (Downgraded
   Funding Facility                 from 'CRISIL B+/ Stable')

   Inventory               1        CRISIL B/Stable (Downgraded
   Funding Facility                 from 'CRISIL B+/ Stable')

   Inventory               5        CRISIL B/Stable (Downgraded
   Funding Facility                 from 'CRISIL B+/ Stable')

   Inventory               1        CRISIL B/Stable (Downgraded
   Funding Facility                 from 'CRISIL B+/ Stable')

   Proposed Long Term     37        CRISIL B/Stable (Downgraded
   Bank Loan Facility               from 'CRISIL B+/ Stable')

The ratings downgrade reflects weak operating performance of AKCPL,
as reflected in revenue of INR183 crore during fiscal 2022. Given
the muted scale of operations and moderate fixed cost, operating
margin stood was below 3% in fiscal 2022. Sustained growth in scale
and recovery in operating margin are key monitorables.

Analytical approach

Unsecured loan from promoters (INR3.75 crore as on March 31, 2022)
has been treated as neither debt nor equity, as the loan is
expected to remain in the business over the medium term.

Key rating drivers & detailed description

Weaknesses:

* Below-average financial risk profile: Networth and total outside
liabilities to tangible networth ratio were negative at
-INR6.57 crore and -25.42 times, respectively, as on March 31,
2022, because of accumulated losses. Debt protection metrics are
also weak, indicated by interest coverage ratio of 0.7 time in
fiscal 2022. Turnaround in operating performance and sustained
profit remain critical.

* Low bargaining power with principal suppliers and exposure to
intense competition: The company does not have much bargaining
power with its key suppliers, Maruti Suzuki India Ltd (MSIL;
'CRISIL AAA/Stable/CRISIL A1+') and Suzuki Motorcycle India Ltd
(SMIL), given their strong market position. Furthermore, intense
competition from the dealers of MSIL and SMIL operating in the same
vicinity and other automobile manufacturers restricts the operating
margin.

Strengths:

* Extensive experience of the promoters: The two-decade-long
experience of the promoters in the automotive industry and their
longstanding association with MSIL and SMIL (since 2010 and 2016,
respectively) will continue to support the business.

* Moderate scale of operations: Revenue was stagnant at INR183
crore in fiscal 2022, amidst the moderate scale of operations. With
continuous expansion, sustained growth in revenue remains a
monitorable. However, the company benefits from its dealership for
passenger cars of MSIL, as demand has been steady.

Liquidity: Stretched

Bank limit utilisation was moderate averaging around 79.02% for the
12 months ended July 31, 2022. Expected cash accrual of INR2-3.5
crore should suffice to cover the term debt of around INR2 crore
over the medium term, but may not provide much cushion to overall
liquidity. Current ratio was moderate at 1.25 times as on March 31,
2022. The promoters are likely to extend support through equity and
unsecured loans to cover the working capital and debt obligation.

Outlook: Stable

CRISIL Ratings believes AKCPL will continue to benefit from the
extensive experience of its promoters in the automobile dealership
business.

Rating sensitivity factors

Upward factors

* Sustained growth in revenue and profitability, leading to net
cash accrual of over INR3.5 crore

* Improvement in financial risk profile and liquidity

Downward factors


* Decline in revenue or operating margin, resulting in cash accrual
of less than 1.5 crore

* Any large, debt-funded capital expenditure weakening the
financial risk profile

* Withdrawal of funding support by the promoters

Incorporated in 2007 by Mr Kudale and his family members, AKCPL
began operations in 2010 with a dealership for MSIL vehicles. The
company has one owned showroom-cum-workshop for MSIL at Manjri and
a workshop on rented premises at Bhosari, both in Pune. It has also
started dealing in vehicles of SMIL from fiscal 2017.


APIS INDIA: CRISIL Lowers Rating on Long/Short Debt to B
--------------------------------------------------------
CRISIL Ratings has revised the ratings on bank facilities of Apis
India Limited (AIL) to 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating' from 'CRISIL BB/Stable/CRISIL A4+ Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Long Term Rating       -         CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB/Stable ISSUER NOT
                                    COOPERATING')

   Short Term Rating      -         CRISIL A4 (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL A4+ ISSUER NOT
                                    COOPERATING')

CRISIL Ratings has been consistently following up with AIL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AIL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AIL revised to 'CRISIL B/Stable/CRISIL A4 Issuer Not Cooperating'
from 'CRISIL BB/Stable/CRISIL A4+ Issuer Not Cooperating'.

Acquired by the late Mr Deepak Anand and his family members in
2006, AIL is currently headed by his son, Mr Amit Anand. The
company is listed on the Bombay Stock Exchange. It mainly processes
honey, which it sells in both the domestic and overseas markets. It
sells honey and other products such as dates, ginger-garlic paste,
pickles and jam under its own brand, Apis.


BURNPUR CEMENT: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Burnpur
Cement Limited (BCL) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         1.5       CRISIL D (Issuer Not
                                    Cooperating)
    
   Cash Credit           13.7       CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       1         CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Bank          1.5       CRISIL D (Issuer Not
   Guarantee                        Cooperating)

   Proposed Cash          0.1       CRISIL D (Issuer Not
   Credit Limit                     Cooperating)

   Proposed Cash         11.2       CRISIL D (Issuer Not
   Credit Limit                     Cooperating)

   Proposed Letter        2         CRISIL D (Issuer Not
   of Credit                        Cooperating)

   Proposed Letter        3         CRISIL D (Issuer Not
   of Credit                        Cooperating)

   Term Loan             30         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             35         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             30         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             30         CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with BCL for
obtaining information through letters and emails dated September
28, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BCL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on BCL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
BCL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

BCL was set up in 1986 as a private limited company, Ashoka
Concrete and Allied Industries Pvt Ltd, by late Mr Ramawatar
Gutgutia and his son, Mr Ashok Gutgutia. It was reconstituted as a
limited company with the current name in 2001. It manufactures
portland blast furnace slag cement.


DESAI INFRASTRUCTURE: CRISIL Withdraws B+ Rating on INR4.5cr Loan
-----------------------------------------------------------------
CRISIL Ratings has withdrawn the ratings on certain bank facilities
of Desai Infrastructure Private Limited (DIPL), as:

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee        5.5        CRISIL A4/Issuer Not
                                    Cooperating (Withdrawn)

   Cash Credit           4.5        CRISIL B+/Stable/Issuer Not
                                    Cooperating (Withdrawn)

   Proposed Fund-        1.0        CRISIL B+/Stable/Issuer Not
   Based Bank Limits                Cooperating (Withdrawn)

CRISIL Ratings has been consistently following up with DIPL for
obtaining information through letters and emails dated December 19,
2022 and December 24, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of DIPL. This restricts CRISIL
Ratings' ability to take a forward-looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on DIPL is consistent with 'Assessing Information Adequacy Risk'.
CRISIL Ratings has migrated the ratings on the bank facilities of
DIPL to 'CRISIL B+/Stable/CRISIL A4 Issuer not cooperating'.

CRISIL Ratings has withdrawn its rating on the bank facilities of
DIPL on the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with CRISIL
Rating's policy on withdrawal of its rating on bank loan
facilities.

Incorporated in 2001 and located in Navsari, Gujarat, DIPL is
engaged in civil construction works, mainly residential and
commercial buildings and factory sheds. Mr Kirtidev Thakorbhai
Desai, Mr Sanjay Ishwarlal Desai and Mr Jatin Thakorbhai Naik are
the promoters.


GANESH ALLOYS: CRISIL Assigns B Rating to INR7cr Term Loan
----------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B/Stable/CRISIL A4' ratings
to the bank facilities of Ganesh Alloys (GA).

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         0.75      CRISIL A4 (Assigned)

   Cash Credit            1         CRISIL B/Stable (Assigned)

   Proposed Long Term
   Bank Loan Facility     0.25      CRISIL B/Stable (Assigned)

   Term Loan              7         CRISIL B/Stable (Assigned)

The ratings reflect GA's susceptibility of operating margin to
volatility in raw material prices, vulnerability to cyclicality in
the steel sector and modest scale of operation. These weaknesses
are partially offset by its extensive industry experience of the
promoters.

Key Rating Drivers & Detailed Description

Weaknesses:

* Susceptibility of operating margin to volatility in raw material
prices, and vulnerability to cyclicality in the steel sector: Raw
material accounts for more than 80% of the total cost of
production. Hence margins are susceptible to fluctuations in the
raw material prices. Furthermore, profitability is linked to the
cyclical steel industry, which has strong correlation with overall
growth in gross domestic product. Operating performance will remain
susceptible to volatility in raw material prices, and offtake by
key user sectors.

* Modest scale of operation: GAs business profile is constrained by
its scale of operations in the intensely competitive Steel - TMT/
Rolled/ Structural products industry. The firm made revenues of
INR29 crores in fiscal 2022.  GAs scale of operations will continue
limit its operating flexibility.

Strengths:

* Extensive industry experience of the promoters: The promoters
have an experience of over 4 decades in steel – ingot/billets
industry. This has given them an understanding of the dynamics of
the market and enabled them to establish relationships with
suppliers and customers.

Liquidity: Stretched

Bank limit utilisation is low at around 13.31 percent for the past
twelve months ended Nov-22. Cash accruals are expected to be over
INR1.25 - 1.5 crore which are sufficient against term debt
obligation of INR1.2 crore over the medium term. Liquidity is
further supported by unsecured loans from promoters in case of
exigencies.

Outlook: Stable

CRISIL Ratings believe GA will continue to benefit from the
extensive experience of its promoter

Rating Sensitivity factors

Upward factors

* Sustained improvement in scale of operation and sustenance of
operating margin, leading to higher cash accruals of over INR2
crores
* Improvement in financial risk profile

Downward factors

* Decline in operating margins to below 2.5% leading to decline in
net cash accruals
* Large debt-funded capital expenditure weakens capital structure
and/or witnesses a substantial increase in its working capital
requirements thus weakening its liquidity & financial profile.

GA was established in October 2020. It is engaged in manufacturing
of ingots, billets, blooms, slabs, mild steel, carbon steel,
moulds, etc. The firm's manufacturing facility is located at
Mehsana, Gujarat The firm is promoted & managed by Bharatkumar
Chandulal Patel, Sureshbhai M. Patel, Jitendrakumar Mafatlal Patel,
Jivanbhai Bhagvandas Patel, Maheshkumar Talsibhai Patel,
Pravinkumar Amrutlal Patel and Ramabhai Madhabhai Patel.


GSS INFOTECH: CRISIL Keeps B Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of GSS Infotech
Limited (GSS; part of the GSS group) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         3.25      CRISIL A4 (Issuer Not
                                    Cooperating)

   Proposed Long Term    49.40      CRISIL B/Stable (Issuer Not
   Bank Loan Facility               Cooperating)

   Working Capital        7.35      CRISIL B/Stable (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with GSS for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GSS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GSS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
GSS continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.

For arriving at its ratings, CRISIL Ratings has considered the
consolidated financials of GSS and its subsidiaries ' GSS Infotech
Inc., GSS IT Solutions Pvt. Ltd (India), GSS Healthcare IT
Solutions Pvt Ltd and its step-down subsidiaries GSS Infotech CT
Inc (formerly known as System Dynamix Corporation), Infovision
Technologies Inc, Infovista Technologies, Technovant Inc, GSS
Infotech NY Inc and Global Computronics Inc. However GSS Infotech
NY Inc and Global Computronics Inc were sold on July 1, 2016 and
have not formed part of the financials of the group from that
date.

GSS, incorporated in 2003, is a CMMI Level 5 company and a provider
of information technology and IT-enabled solutions and services to
companies worldwide. The company was formerly known as GSS America
Infotech Ltd. and changed its name to GSS in March 2011. The day
to-day operations of the company are managed by Mr. Bhargav
Marepally. The company is listed on the Bombay Stock Exchange and
the National Stock Exchange.


JMT AUTO: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of JMT Auto
Limited (JMT) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         1         CRISIL D (Issuer Not
                                    Cooperating)

   Bill Discounting       1         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            5         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           32         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           30         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      20         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      19         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       5         CRISIL D (Issuer Not
                                    Cooperating)

   Rupee Term Loan       24         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             40         CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             15         CRISIL D (Issuer Not
                                    Cooperating)

   Working Capital        8         CRISIL D (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with JMT for
obtaining information through letters and emails dated September
28, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of JMT, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on JMT
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
JMT continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

JMT (formerly, Jamshedpur Metal Treat) was incorporated as a
private limited company in April 1987 to take over the business of
Metal Treat Company, an ancillary of Tata Motors Ltd ('CRISIL
AA-/Stable/CRISIL A1+') that manufactures auto components. It was
reconstituted as a public limited company in April 1992 and was
acquired by Amtek Auto Ltd (AAL) in June 29, 2013, which now holds
70.74% stake in it. The company acquired REGE Holding GmbH (REGE)
and Amtek Components Sweden through Amtek Machining systems Pte Ltd
in fiscal 2016. It has also formed a joint venture, Amtek Riken
Castings Pvt Ltd.


KOLHAPUR MUNICIPAL: CRISIL Lowers Corporate Credit Rating to B
--------------------------------------------------------------
CRISIL Ratings has revised the rating on the bank facilities of
Kolhapur Municipal Corporation (KMC) is to 'CRISIL B/Stable Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Corporate Credit        -        CRISIL B/Stable (ISSUER NOT
   Rating                           COOPERATING; Revised from
                                    'CRISIL BB+/Stable ISSUER NOT
                                    COOPERATING')

CRISIL Ratings has been consistently following up with KMC for
obtaining information through letters and emails dated September
30, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such
non-co-operation by a rated entity may be a result of deterioration
in its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KMC, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that the rating action on
KMC is consistent with 'Assessing Information Adequacy Risk'. Based
on the last available information, the rating on the bank
facilities of KMC is revised to 'CRISIL B/Stable Issuer Not
Cooperating'.

Established in 1854 and reconstituted as a corporation in 1972, KMC
is governed by the Maharashtra Municipal Corporation (MMC) Act,
1949, as amended by the Government of Maharashtra. The corporation
has jurisdiction over 67 square kilometre and provides a range of
civic services to around 5,49,283 people (as per 2011 census).

Under the MMC Act, KMC's obligatory duties include water supply,
sewerage treatment and disposal, construction of roads and bridges,
primary education, hospitals, and development and maintenance of
primary infrastructure in Kolhapur city (Maharashtra). It also
provides certain discretionary services, including transportation
and slum improvement.


MAHADEV INDUSTRIES: CRISIL Assigns B+ Rating to INR4.5cr Loan
-------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
bank facilities of Mahadev Industries -Visnagar (MIV).
                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            4.5       CRISIL B+/Stable (Assigned)
   Proposed Fund-
   Based Bank Limits      2.5       CRISIL B+/Stable (Assigned)

The rating reflects MIV's susceptibility to volatility in cotton
prices and to regulatory framework, its modest scale of operation
and below-average financial risk profile These weaknesses are
partially offset by its Longstanding presence of the promoter.

Key Rating Drivers & Detailed Description

Weaknesses:

* Moderate scale of operations: Business risk profile of the
company is marked by improvement in scale during fiscal 2022 to INR
42.79 crores from INR 19.76 crores in Fy21, however despite this
improvement sales remains moderate. Till November'22 company booked
revenue of around INR 10.68 crores only as season for cotton
production and sales will start from November till May and firm
will be able to generate revenue of around 30-35 crores during 2nd
half of the year and projecting revenue of around INR 43-45 crores
for fiscal 2023. CRISIL believes the revenue profile of the company
will improve, however, its significant and sustained improvement
will remain a key monitorable.

* Below-average financial risk profile: The networth and total
outside liabilities to tangible networth (TOL/TNW) stood at INR
2.28 crores and 1.30 times respectively as on March 31, 2022, with
debt protections metrics being modest indicated by interest
coverage and net cash accrual to total debt ratios at 1.63 times
and 0.08 times, respectively, in fiscal 2022. With no major, debt
funded capital expenditure (capex), the capital structure expected
to remain comfortable and any large debt or cost overruns in the
planned capex would remain closely monitorable.

* Susceptibility to volatility in cotton prices and to regulatory
framework: Cotton being an agricultural commodity, its availability
depends on monsoon. Moreover, government interventions and
fluctuations in global cotton output have resulted in sharp
fluctuations in cotton prices. Any abrupt change in regulation can
distort market prices and affect the profitability of players in
the cotton value chain, including ginners.

Strength:

* Longstanding presence of the promoters: The long diversified
entrepreneurial experience of the promoters across similar line of
businesses has helped them develop healthy business relationships
in the region. This has helped in quickly ramping up the operations
as evident with sales of INR 19 crores in Fiscal 21 during first
year of operation which increased to INR 42.97 crores in Fiscal
2022 and projecting revenue of around INR 43-45 crores in fiscal
2023. Revenue growth and stable operating profitability will
further strengthen the company's market position.

Liquidity: Stretched

Bank limit utilization is around 38 percent over the last 12 months
ended Oct-2022, however limit utilization remains high during peak
season of November till March where limit utilization remains
within range of 80-90%. Cash accruals are expected to be over
INR0.25-0.30 crore which are sufficient against NIL term debt
obligation over the medium term. In addition, it will be act as
cushion to the liquidity of the company. Current ratios are healthy
at 1.30 times on March 31, 2022.

Outlook: Stable

CRISIL Ratings believe MIV will continue to benefit from the
extensive experience of its promoter, and established relationships
with clients.

Rating Sensitivity factors

Upward factors

* Sustained growth in revenue and stable operating margin leading
to net cash accrual of over INR 1 crore.
* Improvement in networth and efficient working capital
management.

Downward factors

* Decline in profitability leading to net cash accruals lower than
0.15 crores.
* More than expected capital withdrawal or increase in working
capital requirement

MIV was established in 2019. MIV is engaged in cotton ginning and
pressing business. MIV manufacturing facility is located in
Hasanpur, Visnagar, Gujarat. MIV is managed by Mr, Devendrakumar
Babulal Patel and family.


MOBILE TELECOM: CRISIL Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Mobile
Telecommunications Limited (MTL) continues to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Overdraft Facility      14       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with MTL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MTL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MTL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MTL continues to be 'CRISIL D Issuer Not Cooperating'.

Established in 1995 by Mr Anil Ved Mehta, MTL manufactures and
trades in electronic hardware. It is listed on the Bombay Stock
Exchange.


MODERN STEEL: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Modern Steel
Limited (MSL) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           33         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           18.25      CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            7.15      CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           14.60      CRISIL D (Issuer Not
                                    Cooperating)

   Funded Interest        1.35      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Funded Interest        5.25      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Funded Interest        2.52      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Funded Interest        1.08      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Letter of Credit      23.18      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       9.82      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      10.30      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       3.05      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       5.15      CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             21.65      CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan              6.50      CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan              8.63      CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan              5.1       CRISIL D (Issuer Not
                                    Cooperating)

   Working Capital       10         CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Working Capital        3.42      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Working Capital        3.50      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Working Capital        8         CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Working Capital       13.98      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with MSL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MSL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MSL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MSL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

MSL was set up in 1974 by Mr Amarjit Goyal. It is listed on the
Bombay Stock Exchange, and is managed by Mr Krishan Kumar Goyal,
son of Mr Amarjit Goyal. MSL manufactures low-alloy and
carbon-steel-rolled products for commercial vehicles, such as
trucks and tractors, passenger vehicles, two-wheelers, and
engineering companies.


MYSORE PAPER: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of The Mysore
Paper Mills Limited (MPM) continue to be 'CRISIL D/CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         1         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           11.7       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           12.6       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            9.4       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            4         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            5         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            1.3       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            1         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      21.68      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit      12         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       6.5       CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       7.07      CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       2         CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit       5.75      CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with MPM for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MPM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MPM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MPM continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

MPML was founded in May, 1936 by the then Maharaja of Mysore
(Karnataka). Government of Karnataka, which acquired a controlling
stake in November 1977, held 64.7% of equity shares as on September
30, 2016; the remainder was held by financial institutions and the
general public.

MPML is an ISO-14001-certified company, producing newsprint,
writing and printing paper, and sugar at its plant at Bhadravati in
the Shimoga district of Karnataka.


POLYSPIN EXPORTS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Polyspin
Exports Limited (PEL) continue to be 'CRISIL B+/Stable/CRISIL A4
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Buyer Credit Limit   10.72       CRISIL A4 (Issuer Not
                                    Cooperating)

   Cash Credit           2.60       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Cash Credit           3.75       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Foreign Bill          8.20       CRISIL A4 (Issuer Not
   Discounting                      Cooperating)

   Inland/Import         0.85       CRISIL A4 (Issuer Not
   Letter of Credit                 Cooperating)

   Packing Credit        6.25       CRISIL A4 (Issuer Not
                                    Cooperating)

   Short Term Bank       5.50       CRISIL A4 (Issuer Not
   Facility                         Cooperating)

   Term Loan            11.39       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Term Loan             0.30       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Term Loan             0.25       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with PEL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of PEL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on PEL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
PEL continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.

PEL, incorporated in 1991, manufactures and exports PP-based
products and spun cotton yarn. The company's day-to-day operations
are managed by its joint managing director, Mr. R Ramji.


RASH BUILDERS: CRISIL Lowers Rating on INR11.4cr Sec. Loan to D
---------------------------------------------------------------
CRISIL Ratings has downgraded the ratings to the bank facilities of
Rash Builders India Private Limited (RBIPL) to 'CRISIL D' from
'CRISIL B/Stable'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Secured Overdraft      11.4      CRISIL D (Downgraded from
   Facility                         'CRISIL B/Stable')

   Working Capital         0.6      CRISIL D (Downgraded from
   Term Loan               
                                    'CRISIL B/Stable')

The ratings reflect instances of delay in account in the month of
October and November 2022, due to stretched payments from the
customers on the servicing debt obligations. However, in the month
of December 2022, the utilization has come within the sanctioned
limits as the as the company got realizations from its customers.

The rating reflects RBIPL's susceptibility to tender-based
operations, modest scale of operation, working capital intensive
operations. These weaknesses are partially offset by its extensive
industry experience of the promoters and healthy order book and
moderate financial risk profile along with healthy networth.

Key Rating Drivers & Detailed Description

Weakness:

* Susceptibility to tender-based operations: Revenue and
profitability entirely depend on the ability to win tenders. Also,
entities in this segment face intense competition, thus requiring
to bid aggressively to get contracts, which restricts the operating
margin to a moderate level. Also, given the cyclicality inherent in
the construction industry, the ability to maintain profitability
margin through operating efficiency becomes critical.

* Modest scale of operation: RBIPLs business profile is constrained
by its scale of operations in the intensely competitive Civil
Construction industry.  RBIPL booked revenues of 6.79 crores in
fiscal 2022 and improvement in the same will remain a key
sensitivity factor. The company is unable to continue the
construction of the projects in hand owing to sub-zero temperature
during winter months and hence, the revenue generation is on a
leaner side for the company during this period.

* Working capital intensive operations: Gross current assets were
at 2020-3322 days over the three fiscals ended March 31, 2022. Its
intensive working capital management is reflected in its gross
current assets (GCA) of 2020. days as on March 31, 2022, as against
over 175 days GCAs of some of its peers. It's large working capital
requirements arise from its high debtor and inventory levels.
Stretched debtors have been due to the ongoing arbitration wherein
debtors to a tune of INR18 crores have been awarded in its favor
and the same is expected to get realized in the current fiscal. It
is required to extend long credit period. Furthermore, due to its
business need, it holds large work in process & inventory.

Strength

* Extensive industry experience of the promoters along with healthy
order book: The promoters have an experience of over 40 years in
civil construction industry. This has given them an understanding
of the dynamics of the market and enabled them to establish
relationships with suppliers and customers. The revenues had
stagnated in the previous years owing to external factors such as
law & order situation followed by COVID-19 pandemic. Further the
company has a strong order book of 92.05 crores as on Jan 2022
which clearly indicates revenue visibility in the medium term.

* Moderate financial risk profile along with healthy networth:
Gearing was healthy at 0.22 time and networth stood at healthy
levels at around INR64.54 crore as on March 31, 2022. Further, debt
protection metrices are estimated to remain on healthy levels
marked by interest coverage of more than 2 times and net cash
accrual to adjusted debt ratio of 0.05 time in the medium term.

Liquidity: Poor

Liquidity is poor as indicated by instances of delay in repayments
in debt obligation towards temporary secured overdraft facility.

Rating Sensitivity factors

Upward factor

* Track record of timely debt servicing for more than 3 months
* Increase in scale of operations and profitability leading to
improvement in key credit matrices

Rash Builders (Partnership Firm) was established as 'A' Class
Contractor in the year 1981, and was incorporated as Rash Builders
India Private Limited (RBIPL) in the year 2008. Since 1981, it has
been engaged in civil construction and EPC works such as
construction of roads, bridges, railway bridges, tunnels, hydro
power projects and other related infrastructure works for clients
such as National Hydro Electric Power Corporation, Ircon
International Limited and other government entities in Jammu and
Kashmir.


RUBY CABLES: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ruby Cables
Limited (RCL) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         3         CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           10         CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term     4.35      CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

   Term Loan              7.65      CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with RCL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RCL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RCL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
RCL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Established in 1993 as Ekank Cables Ltd by members of the Parekh
family, RCL got its present name in 2010, following a change in
management. The company manufactures conductors and low-tension
power cables at its facility in Vadodara (Gujarat). In fiscal 2014,
Mr S N Bhatnagar acquired 50% stake in the company. RCL is
currently managed by Mr Bhatnagar and Mr Chirag Gada. The company
is listed on Bombay Stock Exchange (BSE).


SCV SKY: CRISIL Keeps D Debt Ratings in Not Cooperating Category
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of SCV SKY
Vision (SCV) continue to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           1          CRISIL D (Issuer Not
                                    Cooperating)

   Long Term Loan        5          CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with SCV for
obtaining information through letters and emails dated September
28, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SCV, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SCV
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SCV continues to be 'CRISIL D Issuer Not Cooperating'.

SCV, established in 1980, is a Multi system operator (MSO) of
television channels in Chitoor district. SCV's operations are
managed by Mr. Chenchu krishnama Naidu, Managing partner.


SERVOTECH POWER: CRISIL Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Servotech
Power Systems Limited (Servotech) continue to be 'CRISIL
B+/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         4         CRISIL A4 (Issuer Not
                                    Cooperating)

   Cash Credit            6.26      CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Letter of Credit       7.50      CRISIL A4 (Issuer Not
                                    Cooperating)

   Loan Against           2.24      CRISIL B+/Stable (Issuer Not
   Property                         Cooperating)

CRISIL Ratings has been consistently following up with Servotech
for obtaining information through letters and emails dated
September 16, 2022 and November 30, 2022 among others, apart from
telephonic communication. However, the issuer has remained non
cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Servotech, which restricts
CRISIL Ratings' ability to take a forward looking view on the
entity's credit quality. CRISIL Ratings believes that rating action
on Servotech is consistent with 'Assessing Information Adequacy
Risk'. Based on the last available information, the ratings on bank
facilities of Servotech continues to be 'CRISIL B+/Stable/CRISIL A4
Issuer Not Cooperating'.

Servotech was set up in 1998 as a partnership firm and was
reconstituted as a private limited company in 2004. It is promoted
by Mr. Raman Bhatia and Ms. Sarika Bhatia, and manufactures LED
lighting solutions, UPS (uninterruptible power supply) systems,
inverters, and batteries. It has ISO 9001:2000 and ISO 14001:2008
certifications. Servotech is based in New Delhi and has
manufacturing capacity of 0.3 million pieces per month at its unit
in Sonipat, Haryana.


SICAL MULTIMODAL: ICRA Places D Debt Ratings on Watch Positive
--------------------------------------------------------------
ICRA Ratings said the ratings of Sical Multimodal and Rail
Transport Limited (SMART) have been placed on watch with positive
implications considering the approval of a resolution plan
submitted by Pristine Malwa Logistics Park Private Limited for
Sical Logistics Limited (ultimate parent of SMART) on December 8,
2022. The resolution plan (RP) is under process and is expected to
be implemented in the near term.

                      Amount
   Facilities      (INR crore)   Ratings
   ----------      -----------   -------
   Non-convertible    72.50      [ICRA] D; Placed on Rating
   Debenture                     Watch with Positive Implications
   Programme          
                      
   Long term–         30.00      [ICRA] D; Placed on Rating
   Fund based                    Watch with Positive Implications

   Long term–         22.68      [ICRA] D; Placed on Rating
   Term loan                     Watch with Positive Implications

   Short term-         5.00      [ICRA] D; Placed on Rating
   Non-fund based                Watch with Positive Implications

The financial profile of the group remains weak as the ultimate
parent, Sical Logistics Limited (SLL), and several fellow
subsidiaries defaulted on debt servicing and have been designated
as non-performing assets (NPA) by lenders due to poor liquidity.
Subsequently, SLL was moved into the corporate insolvency
resolution process (CIRP), which is currently under process and is
expected to be implemented in the near term. Further, post
implementation of RP and with new promoters, the financial profile
is expected to improve.

SLL had extended an unconditional and irrevocable corporate
guarantee to the NCD and bank facilities of SMART. The financial
profile of SMART moderated in the recent fiscals owing to continued
decline in revenue and profitability with the company incurring net
losses during the last three years till FY2022. However, the sale
of six of the seven rail rakes in H1 FY2023 supported the
profitability and repayment obligations.

Although the company has been servicing its debt repayment
obligations in a timely manner in the past few months, the
sustained track record of the same along with the successful
implementation of the resolution plan remains a key monitorable.
The company has discontinued the rail operating business and is now
predominantly involved in container freight station (CFS)
operations. The CFS segment is expected to remain under pressure in
the medium term because of subdued cargo growth, competition and
the impact of direct port delivery (DPD) on CFS profitability. The
company has sizeable repayment obligations of around INR27 crore in
H2 FY2023 against modest cash accruals. The ability to meet the
repayment obligations remains contingent upon promoter support.

Key rating drivers and their description

Credit strengths

* Long track record in port logistics: SMART, established in 2007,
operates container trains and CFS in Chennai, Visakhapatnam
(Andhra Pradesh) and Thoothukudi (Tamil Nadu). While the company
has currently stopped the rail operating business and sold the
rakes, it continues to operate the container freight stations with
a healthy share in the Chennai market.

Credit challenges

* Weak financial profile and high repayment obligations: The
financial profile of SMART moderated in the recent fiscals owing to
the continued decline in revenue and profitability with the company
incurring net losses in the last three years till FY2022. However,
the sale of six of the seven rail rakes in H1 FY2023 supported the
profitability and repayment obligations. The company has
discontinued the rail operating business and is now predominantly
involved in container freight station operations. The CFS segment
is expected to remain under pressure in the medium term because of
subdued cargo growth, competition and the impact of direct port
delivery on CFS profitability. The company has sizeable repayment
obligations of around INR27 crore in H2 FY2023 against modest cash
accruals. The ability to meet the repayment obligations remain
contingent upon promoter support. The coverage indicators remain
weak, with TD/OPBDITA of 12.5 and 10 times in FY2021 and FY2022,
respectively, and interest coverage of 1.2 and 1.7 times in FY2021
and FY2022, respectively.

* Weak financial flexibility and liquidity position of the group:
The ultimate holding company of SMART, SLL, has also extended
corporate guarantee to its bank facilities and NCDs. SLL, in turn,
is supported by the Coffee Day Group through oversight and
financial support, after the takeover of SLL from its erstwhile
promoters. However, since the demise of the promoter of the Coffee
Day Group, Mr. VG Siddhartha, the financial flexibility of the
Group, SLL, and its subsidiaries have been significantly weakened.
Coupled with the moderation in financial performance and high
repayment obligations, this has led to significant liquidity
pressure.

SLL and several of its subsidiaries have been delaying their debt
servicing and have been declared as NPAs by some lenders. SLL was
under the corporate insolvency resolution process. On December 8,
2022, the resolution plan has been approved by the adjudicating
authority and Pristine Malwa Logistics Park Private Limited has
been declared as the new promoter of the entity. Also, SMART
expects support from the new promoters of SLL to fulfil the debt
repayment obligations, going forward. Further, post implementation
of RP and with new promoters, the financial profile is expected to
improve.

Liquidity position: Poor

The company's cash flows from operation have remained positive in
recent fiscals, although there had been moderation due to the
decline in revenue and profitability. Nevertheless, the company
delayed the NCD repayment which was due in September 2021 and March
2022. The company had also delayed on the repayment of the BOB term
loan in June 2022. However, the company has been servicing its debt
repayment obligations in a timely manner in the last few months.
The liquidity position is expected to remain poor due to high
repayment obligation of around INR27 crore in H2 FY2023. The
company has repaid ~ INR43 crore in H1 FY2023 from the sale of six
rakes. The cash accruals are expected to remain moderate and
inadequate to fund the repayments in H2 FY2023. The new promoter of
SLL is expected to support SMART in fulfilling its remaining debt
repayments, going forward.

Rating sensitivities

Positive factors – A sustained track record of timely debt
servicing along with the successful implementation of SLL's
resolution plan could be a trigger for an upgrade.

SMART, incorporated in May 2007, was a container rail freight
operator with a Category I licence to operate container trains on
all routes of the Indian Railways (IR). However, the company has
stopped the rail operations since the last few years. SMART is a
100% subsidiary of Sical Infra Assets Limited (SIAL), which in turn
is held by SLL. In July 2012, the company had received approval for
a scheme of amalgamation with its associate concern, Sical
Distriparks Limited (SDL), and a 100% subsidiary, Sical Hambuja
Logistics Private Limited (Hambuja), vide a Madras High Court
order. Post this merger, SMART had two operational
segments-container rail operations and CFS operations; however, at
present, the company has only the CFS segment under its
operations.


SILVERLINE INVESTMENTS: ICRA Keeps D Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has retained the Long-Term rating of Silverline Investments in
the 'Issuer Not Cooperating' category. The rating is denoted as
"[ICRA]D; ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–         5.25       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                     'Issuer Not Cooperating'
                                 Category

   Long-term–         7.40       [ICRA]D; ISSUER NOT
COOPERATING;
   Unallocated                   Rating Continues to remain under
                                 'Issuer Not Cooperating'
                                 Category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Formed in January 2004, Silverline Investments (the firm) is a
partnership firm engaged in development of residential and
commercial properties. The firm has completed 6 residential
projects and two commercial projects till date. Currently the firm
focuses only on commercial projects. The same promoters have a
different entity names Srivastav Builders, which undertakes
residential projects.


SPELL ORGANICS: CRISIL Assigns B+ Rating to INR5cr Cash Loan
------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
long term bank facilities of Spell Organics Limited (SOL).

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             5        CRISIL B+/Stable (Assigned)

   Proposed Fund-
   Based Bank Limits       3.35     CRISIL B+/Stable (Assigned)


   Term Loan               0.65     CRISIL B+/Stable (Assigned)

The rating reflects its susceptibility of the operating margin to
volatility in commodity prices & fluctuations in forex rates,
working capital intensive operations and extensive exposure to
group companies. These weaknesses are partially offset by its
extensive industry experience of the promoters and geographical
diversification in revenues.

Analytical Approach

Unsecured loans of INR1.16 crore as on 31st March 2022 are from
promoters and related parties and are treated as debt as they are
expected to be repaid over the medium term.

Key Rating Drivers & Detailed Description

Strengths:

* Extensive industry experience of the promoters: The promoters
have an experience of over 25 years in industry. This has given
them an understanding of the dynamics of the market and enabled
them to establish relationships with suppliers and customers.

* Geographical diversification in revenues: SOL caters to a wide
number of clients, both in India and overseas. The top 5 customers
generate revenue of about 37-40% in fiscal 2022. It consistently
derives over 50% of its revenue from exports. Diversity in
geographic reach and clientele should continue to support the
business risk profile.

Weaknesses:

* Susceptibility of the operating margin to volatility in commodity
prices and fluctuations in forex rates: Operating margins are
exposed to volatility in raw material prices, moreover raw material
cost accounts for 87% of the total manufacturing cost. Also over
50% of revenue comes from the international market, any sharp
fluctuation in forex rates affects realizations and accrual.  This
exposes the operating margin to fluctuations in forex rates.
Operating margins remained at 2.6- 3.2% in the last three fiscals
ended fiscal year 2022, the volatility in operating margins will
remain key monitorable in the medium term.

* Working capital intensive operations: Gross current assets were
at 116 -79 days over the three fiscals ended March 31, 2022. Its
intensive working capital management is reflected in its gross
current assets (GCA) of 116 days as on March 31, 2022. Its's large
working capital requirements arise from its high debtor and
inventory levels. It is required to extend long credit period to
its customers, and hold inventory over 60 days in order to meet the
orders from its customers.

* Extensive exposure to group companies:  SOL have invested INR1.2
crore in its group company in the form of loans and advances as on
March 31, 2022, which is 31 percent of its current net worth.
CRISIL Ratings believes that any further exposure in the group
companies, impinging its own cash accrual may impact liquidity and
will remain a rating sensitivity factor.

Liquidity: Stretched

Bank limit utilization is moderate around 53 percent for the past
twelve months ended November 2022. Cash accruals are expected to be
over INR0.70 crore which will be sufficient against term debt
obligation of INR0.50 crore over the medium term.

Current ratios are moderate at 1.27 times on March31, 2022.

The promoters are likely to extend support in the form of unsecured
loans to meet its working capital requirements and repayment
obligations.   

Outlook: Stable

CRISIL Ratings believe SOL will continue to benefit from the
extensive experience of its promoter, and established relationships
with clients.

Rating Sensitivity factors

Upward factors

* Sustained improvement in scale of operation by 30% and sustenance
of operating margin over 3.5%, leading to higher cash accruals
* Improvement in working capital cycle leading to an overall
improvement in the financial risk profile

Downward factors

* Decline in profitability below 2.5% or stretch in working capital
cycle leading to a decline in cash accruals
* Large debt-funded capital expenditure weakens capital structure

SOL was incorporated in 1988 and promoted by Mr. Suresh Kumar
Mundhra and Ms. Madhurica Mundhra.  It is engaged in manufacturing
and exporting of processed food ingredients which includes
stabilizers, emulsifiers, food premixes such as glycerol
monostearate, glycerol monooleate, sorbitan monostearate solbake
emulsifier which are mainly used for bakery, confectionery,
margarine, breweries and cosmetics industries. The company has
manufacturing unit located in Nuh Tehsil in Gurgaon.


SPLENORA TEXTURES: CRISIL Cuts Rating on INR4cr Cash Loan to B+
---------------------------------------------------------------
CRISIL Ratings has downgraded its ratings on the bank facilities of
Splenora Textures LLP (STL) to 'CRISIL B+/Stable/CRISIL A4' from
'CRISIL BB/Stable/CRISIL A4+'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         2.5       CRISIL A4 (Downgraded from
                                    'CRISIL A4+')

   Cash Credit            4         CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Cash Credit            2.5       CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Cash Credit            1         CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Term Loan             12.19      CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Term Loan             10         CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Term Loan             17         CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Term Loan              6.65      CRISIL B+/Stable (Downgraded
                                    from 'CRISIL BB/Stable')

   Working Capital        2.40      CRISIL B+/Stable (Downgraded
   Term Loan                        from 'CRISIL BB/Stable')

The ratings continue to reflect the firm's large working capital
requirement, susceptibility to volatility in raw material prices
and large debt-funded capital expenditure (capex). These weaknesses
are partially offset by the extensive experience of the partners in
the textile industry and moderate scale of operations.

Analytical Approach

Unsecured loan of INR10.38 crore provided by the partners as on
March 31, 2022, has been treated as neither debt nor equity as the
amount is expected to remain in the business over the medium term.

Key Rating Drivers & Detailed Description

Weaknesses

* Large working capital requirement: Gross current assets (GCAs)
were sizeable at 173 days as on March 31, 2022, driven by
receivables of 81 days and inventory of 28 days, partially
supported by creditors of 109 days. The same is due to high level
of raw material in stock due to procurement in the last lag of the
fiscal and high other receivables. The working capital cycle is
expected to moderate over the medium term as the scale of
operations increases, firm will continue to maintain higher level
of inventory to ensure continuous production which will make
operations working capital intensive, leading to healthier
accretion to reserve.

* Susceptibility to volatility in raw material prices: Volatility
in key raw material prices and resultant fluctuations in operating
margin continue to constrain the business risk profile.
Market-driven prices result in limited pricing flexibility with
suppliers. Any major deviation in raw material prices can impact
the overall operating margin of STIL.

* Large debt-funded capex: The firm has undertaken a project worth
INR56.35 crore to expand its production capacity to over 30,000
metre per day, funded by sanctioned term loan of INR33.65 crore.
Production was expected to begin in February 2022, but it began
only in May. Any time overrun or deviation from expectations will
lead to stretched liquidity over the medium term.

Strengths

* Extensive experience of the partners: The decade-long experience
of the partners, their strong understanding of the market dynamics
and healthy relationships with suppliers and customers will
continue to support the business. The partners have also supported
operations and capex through unsecured loans.

* Moderate scale of operations: Revenue is estimated INR117 crore
in fiscal 2022 despite the firm's early stage of commercial
production and intense competition in the textile weaving industry.
Furthermore, as the firm has undertaken capex in fiscal 2022 to
increase its capacity to 108 looms, revenue is expected to grow in
fiscals 2024 and 2025, with the operating margin remaining stable
at 6-9%.

Liquidity: Stretched

Bank limit utilisation averaged 75% over the 12 months through
August 2022. Insufficient NCA/RO as the debt obligation shall
increase sharply in fiscal 2024 as the moratorium on the term loan
will end. Liquidity is partially supported by the working capital
limit, partners' capital and unsecured loans. Current ratio was
modest at 0.94 time on March 31, 2022.

Outlook: Stable

STL will continue to benefit from the partners' extensive
experience and steady funding support.


STURDY INDUSTRIES: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sturdy
Industries Limited (SIL) continue to be 'CRISIL D/CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            70        CRISIL D (Issuer Not
                                    Cooperating)

   Funded Interest        24        CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Funded Interest         2.21     CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Letter of credit      141.90     CRISIL D (Issuer Not
   & Bank Guarantee                 Cooperating)

   Proposed Cash           0.13     CRISIL D (Issuer Not
   Credit Limit                     Cooperating)

   Term Loan              18.60     CRISIL D (Issuer Not
                                    Cooperating)

   Working Capital        65.87     CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Working Capital         9.22     CRISIL D (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with SIL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SIL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SIL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

For arriving at its ratings, CRISIL Ratings has now combined the
business and financial risk profiles of SIL and Tirupati Aluminum
Ltd (TAL). This is because the management plans to merge the two
companies, together referred to herein as the Sturdy group, and in
2015-16 (refers to financial year, April 1 to March 31).

Established in 1995, SIL, promoted by Mr. Ramesh Guptamanufactures
polyvinyl chloride pipes and irrigation systems, aluminium
composite panels, and aluminium cables and conductors, and trades
in aluminium products. The company also has a plant for
manufacturing asbestos cement roofing sheets.


SUNDARAM STEELS: CARE Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sundaram
Steels Private Limited (SSPL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      17.07       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 October 21,
2021, placed the rating(s) of SSPL under the 'issuer
non-cooperating' category as SSPL 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. SSPL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 6, 2022, September 16, 2022, September
26, 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).

Sundaram Steels Private Limited (SSPL) was incorporated in 2008 by
Mr. Yogesh Manek, Mr. Anurag Singhaia, Mr. Mohit Jain and other
family members. The commercial operations of the company started in
April, 2012. The company is engaged in manufacturing of sponge
iron. The manufacturing facility of the company is located at
Bokaro, Jharkhand.


SVE DRILLING: CARE Lowers Rating on INR12cr LT Loan to B-
---------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
SVE Drilling Tools Private Limited (SDTPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      12.00       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 October 20,
2021, placed the rating(s) of SDTPL under the 'issuer
non-cooperating' category as SDTPL 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. SDTPL continues to be noncooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated September 5, 2022, September
15, 2022, September 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 SDTPL have been
revised on account of non-availability of requisite information.

The rating also factored in decline in scale of operations,
reported net losses, higher debt levels, deteriorated capital
structure and debt coverage indicators during FY21.

Hyderabad based, SVE Drilling Tools Private Limited (SDTPL) was
incorporated in 2011 but started its commercial operations from
April 2016 due to the construction of plant and installation of
machinery. SDTPL is promoted by Mr. S.V. Mohan Reddy and family
members. SDTPL is engaged in the manufacturing of earth boring
tools and mining tools. The company purchases raw materials like
Steel, Alloy, Billets from the suppliers located all over the India
and the material Carbide is imported from China.


TALIB HUSSAIN: CRISIL Assigns B+ Rating to INR6cr Overdraft Loan
----------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable/CRISIL A4'
ratings to the bank facilities of Talib Hussain Chashti (THC).

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee          6        CRISIL A4 (Assigned)

   Overdraft Facility      6        CRISIL B+/Stable (Assigned)

   Proposed Fund-  
   Based Bank Limits       0.5      CRISIL B+/Stable (Assigned)

   Term Loan               1.5      CRISIL B+/Stable (Assigned)

The ratings reflect the firm's susceptibility to tender-based
business, large working capital requirement and modest scale of
operations. Revenue stood at INR40 crore as of November 2022 and is
expected at INR45 crore in fiscal 2023, as there is low activity in
January and February on account of adverse weather conditions in
Jammu and Kashmir. Modest order book of INR30 crore as of November
30, 2022, provides low revenue visibility over the medium term.
These weaknesses are partially offset by the  extensive experience
of the promoters in the civil construction industry and the
moderate financial risk profile of THC.

Key rating drivers and detailed description

Weaknesses:

* Susceptibility to tender-based operations: Revenue and
profitability depend entirely on the ability to win tenders. Also,
entities in this segment face intense competition, thus requiring
them to bid aggressively to procure contracts, which restricts the
operating margin to a moderate level. Also, given the cyclicality
inherent in the construction industry, the ability to maintain
profitability margin through operating efficiency becomes critical.
Consequently, scale of operations remains modest, as reflected in
revenue of INR36.05 crore in fiscal 2022 and expected at INR45
crore in fiscal 2023.

* Large working capital requirement: Gross current assets (GCAs)
were sizeable at 190-288 days over the three fiscals through 2022
and stood at 288 days as on March 31, 2022, driven by receivables
of around 33 days. The working capital requirement is large because
of funds being stocked in the form of margin deposits. Operations
are expected to remain working capital intensive, with GCAs
expected at above 250 days over the medium term.

Strengths:

* Extensive experience of the promoters: The extensive experience
of the promoters, their strong understanding of the market dynamics
and healthy relationships with suppliers and customers will
continue to support the business.

* Moderate financial risk profile: Capital structure has been
moderately healthy on account of limited reliance on external funds
yielding gearing of 0.82 time and total outside liabilities to
adjusted networth ratio of 1.88 times as on March 31, 2022, and
expected at 0.75 time and 1.85 times, respectively, as on March 31,
2023. Debt protection metrics have been comfortable despite
leverage because of moderately healthy profitability. Interest
coverage and net cash accrual to total debt ratios stood at 4.89
times and 0.10 time, respectively, in fiscal 2022. The metrics are
likely to improve further, with interest coverage ratio expected at
5-6 times over the medium term.

Liquidity: Stretched

Bank limit was utilised at 100.17% on average over the 12 months
through November 2022. Cash accrual is expected at a modest
INR1-1.75 crore per annum, but it will sufficiently cover yearly
debt obligation of INR0.6 crore over the medium term. Current ratio
was moderate at 1.50 times on March 31, 2022.

Outlook: Stable

THC will continue to benefit from the promoters' extensive
experience and established relationships with clients.

Rating sensitivity factors

Upward factors

* Sustained increase in revenue by 25% and stable operating margin
leading to net cash accrual of over INR2 crore
* Efficient working capital management, with GCAs improving to
below 200 days

Downward factors

* Decline in revenue by more than 20% leading to net cash accrual
of less than INR0.75 crore
* Significant capital withdrawal or large debt-funded capital
expenditure weakening the capital structure

THC based in Poonch, Jammu and Kashmir, is engaged in civil
construction works, such as construction of roads and bridges. It
is owned and managed by Mr Talib Hussain and Mr Mohammad Rafiq.


TAPTI AGRO: ICRA Keeps B Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the Long-Term rating of Tapti Agro Industries in
the 'Issuer Not Cooperating' category. The rating is denoted as
[ICRA]B(Stable); ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term           14.50      [ICRA]B(Stable); ISSUER NOT
   Unallocated                    COOPERATING; Rating continues
                                  to remain under 'Issuer Not
                                  Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

M/s Tapti Agro Industires (TAI) incorporated in 2015 is setting up
a Khandsari (semi-white centrifugal sugar) manufacturing facility
having crushing capacity of 1,500 Tonnes of Cane per Day (TCD) at
Betul District of Madhya Pradesh. The firm plans to commence the
operations of the facility by December 2016.The firm is promoted by
Mr. Rahul Kumar Sao and Mr. Dharmveer Juneja who have significant
experience in the sugar industry through their association with
other firms which are also engaged in sugar manufacturing.

ULTRA HOME: CARE Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ultra Home
Construction Private Limited (UHCPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      204.56      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 October 14,
2021, placed the rating(s) of UHCPL under the 'issuer
non-cooperating' category as UHCPL 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. UHCPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 30, 2022, September 9,
2022, September 19, 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).

M/s Ultra Home Construction Private Limited (UHCPL) was
incorporated in April 2004 as a private limited company to carry
out real estate development in both residential and commercial
segment. UHC founded by Mr. Anil Kumar Sharma is the flagship
company of Amrapali group; the group has more than 16 years of
experience with completed projects (both residential and
commercial) spread over 100 acres in Delhi-NCR and Greater Noida
market. UHC had undertaken a commercial project Amrapali Tech-Park
in April 2010. UHC had completed the said project in FY14. In 2019,
the Promoters of the company were sent behind the bars in an
alleged case of defrauding homebuyers.


VAIJANATH INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shri
Vaijanath Industries Private Limited (SVIPL) continues to remain in
the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        6.10      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank       0.31      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 October 6,
2021, placed the rating(s) of SVIPL under the 'issuer
non-cooperating' category as SVIPL 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. SVIPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 22, 2022, September 1,
2022, September 11, 2022.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Shri Vaijanath Industries Private Limited (SVIPL) was incorporated
on 13th July 2008; it is involved in the business of forging and
started its commercial production in 2010. The company has its own
manufacturing unit in Kolhapur. The products of the company find
their application in automobiles and CNC machines.


VAMA INDUSTRIES: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vama
Industries Limited (VIL) continue to be 'CRISIL D/CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee        1.5        CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           3.5        CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with VIL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VIL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VIL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Incorporated in 1985 and promoted by Mr. V Atchuyta Rama Raju and
Mr. V Rajam Raju, VIL is a system integrator and also provides IT
support and engineering design services. It is listed on the Bombay
Stock Exchange.


VIJAYA DIAGNOSTIC: CRISIL Keeps B+ Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vijaya
Diagnostic Centre Limited (VDCPL) continue to be 'CRISIL
B+/Stable/CRISIL A4 Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             2        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Long Term Loan         17        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Long Term Loan          9        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Overdraft Facility      1        CRISIL A4 (Issuer Not
                                    Cooperating)

   Proposed Long Term     11        CRISIL B+/Stable (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with VDCPL for
obtaining information through letters and emails dated September
16, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VDCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VDCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VDCPL continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.

For arriving at its ratings, CRISIL Ratings has combined the
business and financial risk profiles of VDCPL, VDC Diagnostics
(Karnataka) LLP, Vijaya Diagnostic Pvt Ltd (formerly known as
Aishwarya Diagnostic Services Pvt Ltd), Bhadrakali Medical Centre
Pvt Ltd, Vijaya Diagnostic Center (Mancherial) Pvt Ltd, and
Medinova Diagnostic Services Ltd. This is because all these
entities, collectively referred to as the Vijaya group, are in the
same line of business, and have a common management team and
fungible cash flows.

VDCPL was originally set up by Mr. Surendranath Reddy in 1981 as a
proprietorship firm, which was reconstituted as a private limited
company in 2002. The Vijaya group provides diagnostic services such
as urine, blood, and stool tests, and other complex diagnoses such
as magnetic resonance imaging, computerised tomography scan,
immunology, nuclear medicine, high-end positron emission tomography
scan, and gamma camera.


VIN SEMICONDUCTORS: CRISIL Keeps D Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vin
Semiconductors Private Limited (VSPL) continue to be 'CRISIL
D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            10        CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            10        CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit        4.75     CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term      1.03     CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with VSPL for
obtaining information through letters and emails dated September
28, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VSPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VSPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

VSPL, established in 2009, manufactures LED signage, lights, and
displays. Its facility is located in Bhiwandi, Maharashtra. VSPL is
promoted by Mr. Subash Pawar.


VINAYAK DIAMOND: ICRA Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the Long-Term and Short-term rating of Vinayak
Diamond Tools in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         11.75        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-         10.57        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-         4.00        [ICRA]A4; ISSUER NOT
   Non-fund                        COOPERATING; Rating continues
   based limits                    to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-        (6.00)       [ICRA]A4; ISSUER NOT
   Non-fund based                  COOPERATING; Rating continues
   Interchangeable                 to remain under 'Issuer Not
                                   Cooperating' category

   Long Term/          1.68        [ICRA]B+(Stable)/[ICRA]A4;
   Short Term-                     ISSUER NOT COOPERATING;
   Non-Fund Based                  Rating Continues to remain
                                   under issuer not cooperating
                                   category

ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Vinayak Diamond Tools was established in 2005 by Mr. Kanhiya Lal
Agarwal. VDT is presently involved in manufacturing stone cutting
tools. The firm operates through three plants in the Rajasthan
State Industrial Development and Investment Corporation (RIICO)
Industrial Area of Jaipur, Rajasthan. VDT's product profile
includes blades for the gang saw and multi blade segments as well
as wire saw chain and pearls. The firm sources its raw material
from domestic as well as overseas markets; although its sales are
entirely concentrated in the domestic market.

VVF INDIA: CRISIL Keeps D LT/ST Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of VVF India
Limited (VVFIL; part of the VVF group) continue to be 'CRISIL
D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Long Term Rating       -         CRISIL D (ISSUER NOT
                                    COOPERATING)

   Short Term Rating       -        CRISIL D (ISSUER NOT
                                    COOPERATING)

CRISIL Ratings has been consistently following up with VVFIL for
obtaining information through letters and emails dated September
30, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VVFIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VVFIL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VVFIL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

For arriving at its ratings, CRISIL Ratings has combined the
business and financial risk profiles of VVFIL, its subsidiaries
(VVF Singapore Pte Ltd and PT VVF Indonesia), VVF Ltd, and VVF
Ltd's overseas subsidiaries. This is because VVFIL and VVF Ltd have
common promoters and are in similar businesses. VVFIL's bank
facilities are secured by a corporate guarantee from VVF Ltd, and a
charge on VVF Ltd's assets in addition to personal guarantees from
the promoters. Furthermore, CRISIL Ratings believes that VVFIL will
receive need-based financial support from VVF Ltd's subsidiaries.
During 2013-14 (refers to financial year, April 1 to March 31) and
2014-15, VVF Ltd extended financial support of INR800 million to
VVFIL. VVF Ltd is likely to extend further support of around INR200
million to VVFIL over the near term. All these companies have been
together referred to as the VVF group.

                          About the Group

Promoted by Mr Godrej Pallonji Joshi, the VVF group commenced
operations in 1939, with The Vegetable Vitamin Foods Co Pvt Ltd.
The group is currently owned by the second generation of promoters,
Mr Rustom Joshi, Ms Shanaz Diwan, and Mr Faraz Joshi.

VVFIL manufactures fatty oils, fatty alcohols, and glycerine, which
contribute to around 60% of total revenue. Exports comprise nearly
50% of sales in the oleochemicals segment. The company has an
oleochemicals plant at Taloja, Maharashtra. It also undertakes
contract manufacturing of  personal care products (PCPs; accounting
for 25% of revenue) at its plants in Baddi, Himachal Pradesh;
Kolkata; and Daman. A small portion of revenue comes from sales
under own brands, Doycare, Jo, and Shiff.

VVF Ltd is the holding company for the group's entities that
contract manufacture PCPs overseas. VVF Ltd also has land holdings
in Mumbai. Its major and step-down subsidiaries are VVF Intervest
LLC (holding company for US-based operations), Green Planet
Industrial LLC (Dubai), and VVF S.P.Z.O.O (Poland). In fiscal 2012,
the oleochemicals, domestic contract manufacturing, and branded
manufacturing businesses of VVF Ltd were transferred to VVFIL,
which received private equity of INR135 crore.


WALTER PACK: CRISIL Withdraws B Rating on INR4cr Cash Loan
----------------------------------------------------------
CRISIL Ratings has withdrawn the ratings on certain bank facilities
of Walter Pack Automotive Products India Private Limited (Walter
Pack India), as:

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         4         CRISIL A4/Issuer Not
                                    Cooperating (Withdrawn)  

   Cash Credit            4         CRISIL B/Stable/Issuer Not
                                    Cooperating (Withdrawn)

   Term Loan              2         CRISIL B/Stable/Issuer Not
                                    Cooperating (Withdrawn)

CRISIL Ratings has been consistently following up with Walter Pack
India for obtaining information through letters and emails dated
March 14, 2022 and May 09, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Walter Pack India. This
restricts CRISIL Ratings' ability to take a forward looking view on
the credit quality of the entity. CRISIL Ratings believes that
rating action on Walter Pack India is consistent with 'Assessing
Information Adequacy Risk'. CRISIL Ratings has Continues the
ratings on the bank facilities of Walter Pack India to 'CRISIL
B/Stable/CRISIL A4 Issuer not cooperating'.

CRISIL Ratings has withdrawn its rating on the bank facilities of
Walter Pack India on the request of the company and after receiving
no objection certificate from the bank. The rating action is
in-line with CRISIL Rating's policy on withdrawal of its rating on
bank loan facilities.

Walter Pack India, incorporated in 2006, is a subsidiary of
Spain-based WPS. Based in Pune (Maharashtra), it manufactures
printed and in-mold decorative plastic components for applications
in automobiles, electrical and household appliances. The company's
executive director, Mr. Roy Mathew manages the daily operations.
Also, Spain based Grupo Antolin has acquired 40% stake in Walter
Pack globally in 2019.

WEST BENGAL: CRISIL Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of West Bengal
Hosiery Park Infrastructure Limited (WBHPIL) continue to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan               27       CRISIL B/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with WBHPIL for
obtaining information through letters and emails dated September
28, 2022 and November 30, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of WBHPIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
WBHPIL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of WBHPIL continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

WBHPIL was incorporated in 2007 to develop an integrated hosiery
park in Howrah. The main stakeholders of WBHPIL are WBHA and the
established players of the hosiery industries such as Lux
Industries Ltd, Rupa & Co Ltd, Dollar Industries Ltd, J G Hosiery
Private Ltd, and Kothari Hosiery Factory Pvt Ltd. Further, a state
government owned entity, WBSIDCL, owns 12% stake in WBHPIL.




===============
M A L A Y S I A
===============

KNM GROUP: Has Creditors' Support to Monetize Unit, CEO Says
------------------------------------------------------------
Adam Aziz at theedgemarkets.com reports that KNM Group Bhd, which
has defaulted on more debts this quarter, said it is getting its
act together to monetise its subsidiary Borsig Group and address
its liquidity issues, after the recent change of management in the
Practice Note 17 (PN17) company.

Despite recent legal actions by suppliers and creditors, newly
minted KNM chief executive officer Ravindrasingham Balasingham told
The Edge in an interview that the company has the support of
creditors in its bid to raise cash through a Singaporean listing of
Borsig.

The Edge relates that Ravi, who took up the CEO position a week
after KNM's admission into PN17 status in October, said the group
had to go through with a proposal to dispose of its 100% stake in
Borsig to GSV for EUR220.8 million (MYR1.04 billion) due to an
exclusive agreement inked by the previous management.

"They signed black and white, we (the board) had to follow . . . At
one point they wanted EUR30 million in discounts, but the board
said, 'No way.'

"It reached a point where the board had to decide whether this was
something we could carry on doing, so we decided no," said Ravi, an
investment banker who had a stint in corporate Malaysia as a former
CEO of Malaysia Merchant Marine Bhd.

An initial public offering to sell a 49% stake in Borsig, if it
goes well, would take up to nine months to materialise, he said.
Meanwhile, KNM also took a non-exclusive approach to see if other
offers came up, he added. KNM bought Borsig for EUR350 million in
2008, the report relates.

Within this quarter, KNM has received a number of winding-up
petitions from suppliers, according to the report.

Following the recent default of US$23 million (MYR101.73 million)
and EUR68.5 million in credit facilities, one creditor, TransAsia
Private Capital Ltd, exercised its right to take over a 45% stake
in KNM subsidiary, KNM Process Systems Sdn Bhd, that was
collateralized, the report states.

"However, I also have a letter of support from the same parties
saying that they are working closely with us," explained Ravi,
adding that this was presented to financial institutions as KNM
sought for financing support.

It was noted that on Dec. 15, the group secured a restraining order
as well as a separate court order for a proposed scheme of
arrangement to address its debt obligations.

The latest default occured on Dec. 26, related to a US$3.4 million
payment due to Bank of China (Malaysia) Bhd, the report relays.

According to its filing, KNM has until Oct. 31, 2023 to submit a
regularisation plan or risks being delisted by Bursa Securities.

For KNM, the Borsig sale is critical, The Edge notes. While it fell
into PN17 status just recently, on Oct. 31, it already defaulted on
its debt a year ago in November 2021, namely a 2.78 billion Thai
baht (MYR355.25 million) bond.

Since then, it has been loss-making for five consecutive quarters,
as credit lines dried up and it was unable to execute projects due
to a working capital squeeze, The Edge states.

According to The Edge, the group has changed its financial year end
to June 30, from Dec 31. In the first quarter ended Sept. 30, 2022,
KNM's net loss came in at MYR68.97 million against revenue of
MYR83.41 million - down 68% quarter-on-quarter - from revenue of
MYR262.69 million previously, when it saw a net loss of MYR74.38
million.

Retained losses stood at MYR1.23 billion, with borrowings totalling
MYR1.21 billion against cash of MYR63.48 million, the report
discloses.

In the meantime, KNM is working with customers to secure payments
for smaller milestones and advance payments, Ravi said.

While Ravi asserted that the crown jewel Borsig is doing well with
a net cash position and full order books in the medium term, KNM is
not seeking a waiver from Borsig's creditors to repatriate that
cash to support its operations, the report says.

"We don't want to jeopardise Borsig in any way. The trade lines are
important, and Borsig is the biggest earner," he said. Borsig's
contribution represents around 67% of KNM's revenue, he added.

"We are PN17 not because of insolvency, but because of liquidity
issues.

"Any project company would have gone through a patch like ours at
some point. All the exercises will release us from the situation,"
Ravi said.

                          About KNM Group

Berhad (KLSE:KNM) -- https://www.knm-group.com/ -- is engaged in
the investment holding and the provision of management services. It
operates through three geographical segments: Asia and Oceania,
Europe and America.  The Asia and Oceania segment includes
Malaysia, Thailand, Indonesia, Myanmar, Australia and Mauritius.
The Europe segment includes Germany, Italy, United Arab Emirates,
United Kingdom, British Virgin Islands, Netherlands, Saudi Arabia,
and Isle of Man.  The America segment includes the United States of
America and Canada.  Its subsidiary KNM Process Systems Sdn. Bhd.
is engaged in the design, manufacture, assembly and commissioning
of process equipment, pressure vessels, heat exchangers, skid
mounted assemblies, process pipe systems, storage tanks,
specialized structural assemblies and module assemblies for the
oil, gas and petrochemical industries. Its other subsidiaries
include KNM International Sdn. Bhd., KNM Capital Sdn. Bhd. and KNM
Renewable Energy Sdn. Bhd.

On Oct. 31, 2022, KNM Group Bhd said it had become an affected
listed issuer under the Practice Note 17 (PN17) on the basis that
Paragraph 2.1(e) of the note was triggered in its audited
consolidated financial statements for the period ended June 30,
2022, which were published on Oct. 31, 2022.  The company said its
auditor had highlighted a material uncertainty over its ability to
continue as a going concern.




===============
P A K I S T A N
===============

PAKISTAN: Imran Regrets Failure to Make Country Bankrupt
--------------------------------------------------------
Pakistan Today reports that Minister for Information and
Broadcasting Marriyum Aurangzeb said on Dec. 31, 2022, that
Pakistan Tehreek-e-Insaf Chairman Imran Khan was regretting his
"failure" to make the country financially bankrupt.

In a statement in reaction to Imran Khan's tweet, she said that
the" foreign agent" regretted that his commitment to bankrupt the
country has not been fulfilled, the report relates.

She said that the foreign agent and Tosha Khana thief was running
away from the elections.

The minister said that Imran Khan was thrown out of power by
exercise of the democratic right of a no-confidence vote.

Despite remaining in power for over three years, why Imran did not
hold the local body elections, she asked, Pakistan Today relays.

Castigating Imran, she said that the PTI was "committed" to
conducting elections in Punjab and Khyber Pakhtunkhwa, what
happened to that commitment? What happened to the commitment to
give one million jobs and building five million housing units, she
said while taking a jibe on PTI leadership.

She said that Imran was only "committed" to loot and plunder,
telling lies and fraud.

She said Imran’s "commitment" was only to get foreign funding,
steal the Tosha Khana gifts, and bankrupt Pakistan’s economy.

The report relates that Marriyum said that the "commitment" of
Imran was only to plunge the country into historic debt and push
the people into unprecedented inflation.

She said Imran’s "commitment" was only to make a compromise over
Kashmir and sell national interests, the report adds.

                           About Pakistan

Pakistan is a country located in South Asia. It has a coastline
along the Arabia Sea and the Gulf of Oman and is bordered by
Afghanistan, China, India, and Iran. Pakistan's capital is
Islamabad.

As reported in the Troubled Company Reporter-Asia Pacific on Dec.
27, 2022, S&P Global Ratings lowered its long-term sovereign credit
rating on Pakistan to 'CCC+' from 'B-', and the short-term rating
to 'C' from 'B'. The outlook on the long-term rating is stable. S&P
also lowered its long-term issue rating on Pakistan's senior
unsecured notes to 'CCC+' from 'B-'.

The TCR-AP reported in October 2022, Fitch Ratings has downgraded
Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR)
to 'CCC+' from 'B-'. Fitch typically does not assign Outlooks to
sovereigns with a rating of 'CCC+' or below.




=================
S I N G A P O R E
=================

ARCOMET ASIA: Creditors' Proofs of Debt Due on Jan. 30
------------------------------------------------------
Creditors of Arcomet Asia Pte. Ltd. are required to file their
proofs of debt by Jan. 30, 2023, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Dec. 28, 2022.

The company's liquidators are:

          Leow Quek Shiong
          Gary Loh Weng Fatt
          Seah Roh Lin
          c/o BDO Advisory Pte. Ltd.
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


CITYDEV PROPERTIES: Creditors' Proofs of Debt Due on Jan. 31
------------------------------------------------------------
Creditors of Citydev Properties Pte Ltd, Eccott Pte Ltd, Elite
Holdings Private Limited, Faber-Rhine Properties Pte Ltd and Impac
Holdings Pte. Ltd. are required to file their proofs of debt by
Jan. 31, 2023, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Dec. 22_, 2022.

The company's liquidators are:

          Don M Ho
          David Ho Chjuen Meng
          c/o DHA+ pac
          63 Market Street
          #05-01A Bank of Singapore Centre
          Singapore 048942


LIPPO ZHONG: Creditors' Proofs of Debt Due on Jan. 31
-----------------------------------------------------
Creditors of Lippo Zhong Hua Investments Pte. Ltd. are required to
file their proofs of debt by Jan. 31, 2023, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Dec. 28, 2022.

The company's liquidator is:

          Chee Fung Mei
          110 Middle Road #05-03
          Singapore 188968


LOVE NEST: Court to Hear Wind-Up Petition on Jan. 13
----------------------------------------------------
A petition to wind up the operations of Love Nest Holding Pte Ltd
will be heard before the High Court of Singapore on Jan. 13, 2023,
at 10:00 a.m.

United Overseas Bank Limited filed the petition against the company
on Dec. 22, 2022.

The Petitioner's solicitors are:

          Rajah & Tann Singapore LLP
          9 Straits View
          #06-07 Marina One West Tower
          Singapore 018937




=====================
S O U T H   K O R E A
=====================

SOUTH KOREA: Builders Desperately Need Financial Aid, Tax Breaks
----------------------------------------------------------------
The Korea Times reports that heads of local construction
associations urged the government to extend tax breaks and other
financial aid in a desperate call to limit mounting industry
uncertainties concerning plunging market demand and a liquidity
crunch, according to industry officials, Jan. 2.

"The housing and construction market is in need of immediate
government assistance," the report quotes Construction Association
of Korea Chairman Kim Sang-soo as saying in a New Year message.

Behind the urgency lies extreme difficulties in the construction
industry in the last year, including a significant reduction in
government spending on social overhead capital (SOC), a slowdown in
housing and construction industries and project financing failures,
The Korea Times relates.

"We will make greater private-led investments, a task equally
critical as the government's increasing SOC spending to create more
jobs and reinvigorate slumping regional economies," Kim said.

Similarly, International Contractors Association of Korea Chairman
Park Sun-ho said that tightening global construction market
conditions this year will pose a major risk to local builders,
according to The Korea Times.

"We need resilience more than ever to weather the sudden
uncertainties and prolonged shocks from years of the COVID-19
pandemic," he said in a New Year address.

"The global economy is bogged down by rising raw material prices
and supply chain bottlenecks. The unfavorable factors
notwithstanding, we will continue efforts to push up the country's
cumulative overseas construction orders to exceed $900 billion."

The Korea Times says chief among the collective fears is a rollover
risk of KRW17 trillion ($13 billion) associated with project
financing asset-backed commercial papers this month, in a
back-to-back uncertainty over refinancing similar short-term
maturing debts of KRW10 trillion and KRW5 trillion in February and
March, respectively.

According to the report, the acute liquidity crunch was sparked and
amplified by the default in October of a local public enterprise
that had been funding the development of Legoland. The theme park
developer despite guarantees by the Gangwon Province government
unexpectedly failed to refinance a maturing debt of about KRW205
billion, prompting a rapid tightening of borrowing conditions for
small to medium-sized construction firms. Their difficulties were
compounded further by inflation-countering sharp key rate hikes and
subsequent plunges in housing purchases.

Market watchers said last year's crunch was limited to a liquidity
crisis. But this year could see full-blown credit risks and shocks
to the real economy brought on by project financing failures.

Project financing refers to the financing of long-term
infrastructure, industrial projects and public services, the report
says. The debt and equity used to finance the relatively high-risk
projects are paid back from the cash flow generated by the project,
rather than from collateral put up before the projects begin.

Whether and by how much their calls would induce expanded
government guarantees remains to be seen. The financial authorities
said about KRW10 trillion in government guarantees will be provided
to stabilize local project funding markets in the form of
longer-term loans and lengthened maturity for builders of unsold
homes, the report notes.




===============
X X X X X X X X
===============

[*] BOND PRICING: For the Week Dec. 26, 2022 to Dec. 30, 2022
-------------------------------------------------------------
Issuer                  Coupon     Maturity    Currency    Price
------                  ------     --------    --------    -----


  AUSTRALIA
  ---------

ACN 113 874 712 PTY LTD     13.25     02/15/18      USD      0.26
ACN 113 874 712 PTY LTD     13.25     02/15/18      USD      0.26
APA INFRASTRUCTURE LTD      1.25      03/15/33      EUR      74.00
APA INFRASTRUCTURE LTD      2.50      03/15/36      GBP      67.70
AUSNET SERVICES HOLDINGS    2.57      08/07/35      AUD      69.57
AUSNET SERVICES HOLDINGS    2.57      08/07/35      AUD      69.22
AUSNET SERVICES HOLDINGS    3.16      08/07/40      AUD      65.80
AUSTRALIA & NEW ZEALAND B   1.86      02/28/44      EUR      75.24
AUSTRALIA & NEW ZEALAND B   2.57      11/25/35      USD      73.99
AUSTRALIA & NEW ZEALAND B   2.57      11/25/35      USD      73.95
AUSTRALIA & NEW ZEALAND B   3.40      12/20/39      AUD      67.07
AUSTRALIA & NEW ZEALAND B   1.23      02/18/50      EUR      64.51
AUSTRALIA & NEW ZEALAND B   3.00      12/17/40      AUD      61.91
AUSTRALIA & NEW ZEALAND B   2.92      12/22/40      AUD      60.17
AUSTRALIA GOVERNMENT BOND   1.75      06/21/51      AUD      65.72
CLIME CAPITAL LTD/FUND      5.25      11/30/25      AUD      0.98
COMMONWEALTH BANK OF AUST   3.10      11/30/41      AUD      74.73
COMMONWEALTH BANK OF AUST   1.34      05/17/49      EUR      73.72
COMMONWEALTH BANK OF AUST   3.66      09/23/34      AUD      72.76
COMMONWEALTH BANK OF AUST   3.00      03/20/35      AUD      71.90
COMMONWEALTH BANK OF AUST   3.30      05/28/35      AUD      71.83
COMMONWEALTH BANK OF AUST   1.01      07/19/44      EUR      71.25
COMMONWEALTH BANK OF AUST   3.31      03/11/41      USD      69.79
COMMONWEALTH BANK OF AUST   3.31      03/11/41      USD      69.78
COMMONWEALTH BANK OF AUST   0.69      11/15/39      EUR      68.73
COMMONWEALTH BANK OF AUST   2.71      10/29/49      AUD      66.84
COMMONWEALTH BANK OF AUST   2.70      09/18/49      AUD      66.62
COMMONWEALTH BANK OF AUST   2.66      11/26/49      AUD      66.18
COMMONWEALTH BANK OF AUST   2.60      09/27/49      AUD      65.17
COMMONWEALTH BANK OF AUST   0.48      07/30/43      EUR      65.15
COMMONWEALTH BANK OF AUST   0.48      07/29/41      EUR      64.05
COMMONWEALTH BANK OF AUST   3.00      12/10/40      AUD      63.87
COMMONWEALTH BANK OF AUST   2.45      10/18/49      AUD      63.22
COMMONWEALTH BANK OF AUST   3.20      08/27/40      AUD      62.96
COMMONWEALTH BANK OF AUST   3.30      09/24/41      AUD      61.79
COMMONWEALTH BANK OF AUST   3.30      08/26/50      AUD      61.57
COMMONWEALTH BANK OF AUST   3.12      08/27/41      AUD      59.72
COMMONWEALTH BANK OF AUST   1.90      03/12/50      AUD      54.68
EDITH COWAN UNIVERSITY      3.40      07/15/41      AUD      69.50
EXCHANGE TRADED AUSTRALIA   1.75      06/21/51      AUD      65.41
FLAGSHIP INVESTMENTS LTD    5.50      10/01/26      AUD      2.56
GENERAL PROPERTY TRUST      2.21      12/04/35      HKD      72.77
GLENNON SMALL COS LTD       5.60      09/30/30      AUD      8.55
GLOBAL MASTERS FUND LTD/F   5.50      11/24/26      AUD      3.10
MACQUARIE BANK LTD          3.05      03/03/36      USD      73.31
MACQUARIE BANK LTD          3.05      03/03/36      USD      73.23
MACQUARIE GROUP LTD         2.67      10/27/36      USD      72.38
MACQUARIE GROUP LTD         2.60      10/08/36      USD      71.81
MACQUARIE GROUP LTD         2.50      09/24/36      USD      70.95
MACQUARIE GROUP LTD         2.22      06/26/39      SEK      54.39
MACQUARIE UNIVERSITY        3.05      05/20/40      AUD      74.33
MACQUARIE UNIVERSITY        3.10      11/22/44      AUD      69.98
MOSAIC BRANDS LTD           8.00      09/30/24      AUD      0.85
NATIONAL AUSTRALIA BANK L   3.30      06/09/35      AUD      73.94
NATIONAL AUSTRALIA BANK L   4.10      02/24/42      AUD      73.31
NATIONAL AUSTRALIA BANK L   2.76      01/21/40      AUD      73.02
NATIONAL AUSTRALIA BANK L   2.64      12/16/39      AUD      72.25
NATIONAL AUSTRALIA BANK L   2.68      01/22/40      AUD      72.23
NATIONAL AUSTRALIA BANK L   2.60      01/28/40      AUD      71.21
NATIONAL AUSTRALIA BANK L   3.71      11/25/41      AUD      70.47
NATIONAL AUSTRALIA BANK L   2.48      12/05/39      AUD      70.01
NATIONAL AUSTRALIA BANK L   3.37      05/25/46      USD      69.60
NATIONAL AUSTRALIA BANK L   3.40      06/30/40      AUD      68.22
NATIONAL AUSTRALIA BANK L   3.35      07/17/40      AUD      67.94
NATIONAL AUSTRALIA BANK L   3.35      07/24/40      AUD      64.19
NATIONAL AUSTRALIA BANK L   2.65      01/14/41      USD      62.83
NATIONAL AUSTRALIA BANK L   2.65      01/14/41      USD      62.74
NEW SOUTH WALES TREASURY    2.25      11/20/40      AUD      71.12
NEW SOUTH WALES TREASURY    2.25      05/07/41      AUD      70.63
NEW SOUTH WALES TREASURY    2.25      05/20/42      AUD      69.00
NEW SOUTH WALES TREASURY    2.45      08/24/50      AUD      65.81
NEW SOUTH WALES TREASURY    0.61      02/24/50      EUR      64.25
QUEENSLAND TREASURY CORP    2.25      04/16/40      AUD      71.97
QUEENSLAND TREASURY CORP    2.25      11/20/41      AUD      70.19
QUEENSLAND TREASURY CORP    2.25      10/28/50      AUD      63.00
QUEENSLAND TREASURY CORP    0.69      06/01/50      EUR      60.65
RIO TINTO FINANCE USA LTD   2.75      11/02/51      USD      71.22
SOUTH AUSTRALIAN GOVERNME   2.00      05/23/36      AUD      73.98
SOUTH AUSTRALIAN GOVERNME   2.25      05/24/40      AUD      70.08
STOCKLAND TRUST MANAGEMEN   2.62      03/19/36      HKD      72.98
TASMANIAN PUBLIC FINANCE    1.75      01/22/36      AUD      72.24
TASMANIAN PUBLIC FINANCE    2.35      08/23/41      AUD      69.53
TREASURY CORP OF VICTORIA   2.00      11/20/37      AUD      71.83
TREASURY CORP OF VICTORIA   2.25      11/20/40      AUD      70.55
TREASURY CORP OF VICTORIA   2.25      11/20/41      AUD      69.20
TREASURY CORP OF VICTORIA   2.25      11/20/42      AUD      68.16
TREASURY CORP OF VICTORIA   2.40      08/18/50      AUD      64.51
TREASURY CORP OF VICTORIA   0.60      02/24/50      EUR      61.66
VIRGIN AUSTRALIA HOLDINGS   7.88      10/15/21      USD      0.56
VIRGIN AUSTRALIA HOLDINGS   8.13      11/15/24      USD      0.51
VIRGIN AUSTRALIA HOLDINGS   8.13      11/15/24      USD      0.51
VIRGIN AUSTRALIA HOLDINGS   8.00      11/26/24      AUD      0.38
VIRGIN AUSTRALIA HOLDINGS   8.08      03/05/24      AUD      0.37
VIRGIN AUSTRALIA HOLDINGS   8.25      05/30/23      AUD      0.37
VIRGIN AUSTRALIA HOLDINGS   7.88      10/15/21      USD      0.27
WESTERN AUSTRALIAN TREASU   2.25      07/23/41      AUD      71.03
WESTPAC BANKING CORP        0.38      09/22/36      EUR      69.87
WESTPAC BANKING CORP        2.35      02/27/40      AUD      68.68
WESTPAC BANKING CORP        3.13      11/18/41      USD      68.59
WESTPAC BANKING CORP        2.96      11/16/40      USD      67.70


   CHINA
   -----

AKESU DISTRICT GREEN INDU   4.09      03/11/23      CNY      20.03
AKESU DISTRICT GREEN INDU   4.09      03/11/23      CNY      19.95
AKESU TEXTILE CITY DEVELO   7.50      06/21/24      CNY      41.00
AKESU TEXTILE CITY DEVELO   7.50      06/21/24      CNY      40.99
ALETAI CITY JUJIN URBAN C   7.73      10/26/24      CNY      51.87
ALTAY PREFECTURE STATE-OW   4.85      01/22/23      CNY      20.05
ALTAY PREFECTURE STATE-OW   4.85      01/22/23      CNY      20.00
ANHUI DANGTU ECO DEVELOPM   6.00      09/11/24      CNY      40.77
ANHUI DANGTU ECO DEVELOPM   6.00      09/11/24      CNY      40.00
ANHUI HUAAN FOREIGN ECONO   7.30      07/13/21      CNY      70.01
ANHUI HUAINING URBAN & RU   5.80      08/28/24      CNY      40.77
ANHUI HUAINING URBAN & RU   5.80      08/28/24      CNY      40.00
ANHUI JIANGNAN INDUSTRIAL   4.76      07/08/23      CNY      19.93
ANHUI JIANGNAN INDUSTRIAL   4.76      07/08/23      CNY      19.91
ANHUI LANGCHUAN HOLDING G   6.13      12/11/24      CNY      41.65
ANHUI LANGCHUAN HOLDING G   6.13      12/11/24      CNY      41.21
ANHUI LEXING CITY CONSTRU   6.05      11/01/24      CNY      41.15
ANJI CONSTRUCTION INVESTM   7.20      05/02/25      CNY      63.06
ANJI CONSTRUCTION INVESTM   7.49      09/25/25      CNY      62.91
ANJI CONSTRUCTION INVESTM   7.20      05/02/25      CNY      61.85
ANJI CONSTRUCTION INVESTM   7.49      09/25/25      CNY      60.00
ANJI COUNTY INDUSTRY INVE   7.00      11/19/25      CNY      62.10
ANJI COUNTY INDUSTRY INVE   7.00      11/19/25      CNY      60.00
ANJI NORTHWEST DEVELOPMEN   5.90      07/18/23      CNY      20.12
ANJI NORTHWEST DEVELOPMEN   5.90      07/18/23      CNY      19.93
ANLU CONSTRUCTION DEVELOP   5.45      06/15/23      CNY      20.12
ANNING DEVELOPMENT INVEST   8.80      09/11/25      CNY      63.87
ANNING DEVELOPMENT INVEST   8.00      12/04/25      CNY      63.49
ANNING DEVELOPMENT INVEST   8.00      12/04/25      CNY      60.00
ANNING DEVELOPMENT INVEST   8.80      09/11/25      CNY      55.50
ANQING ECONOMIC&TECHNOLOG   4.09      03/09/23      CNY      20.01
ANQING ECONOMIC&TECHNOLOG   4.09      03/09/23      CNY      19.98
ANQING WANJIANG HIGH TECH   6.50      08/02/24      CNY      40.34
ANQING WANJIANG HIGH TECH   6.50      08/02/24      CNY      40.00
ANQIU HUAAN STATE OWNED A   7.00      09/14/24      CNY      39.81
ANQIU HUAAN STATE OWNED A   7.00      09/14/24      CNY      38.00
ANSHUN CITY CONSTRUCTION    7.30      09/15/24      CNY      41.14
ANSHUN CITY XIXIU INDUSTR   8.00      01/29/26      CNY      69.30
ANSHUN CITY XIXIU INDUSTR   8.00      01/29/26      CNY      68.00
ANSHUN CITY XIXIU INDUSTR   7.90      11/15/25      CNY      63.27
ANSHUN CITY XIXIU INDUSTR   7.90      11/15/25      CNY      50.00
ANSHUN STATE-RUN ASSETS M   4.48      07/18/23      CNY      19.96
ANSHUN STATE-RUN ASSETS M   4.48      07/18/23      CNY      19.83
ANSHUN TRANSPORTATION DEV   7.50      10/31/24      CNY      38.23
ANSHUN TRANSPORTATION DEV   7.50      10/31/24      CNY      35.50
ANSHUN XIXIU CITY INVESTM   4.70      11/22/23      CNY      19.97
ANSHUN XIXIU CITY INVESTM   4.70      11/22/23      CNY      17.54
ANYUE XINGAN CITY DEVELOP   7.50      01/30/25      CNY      61.62
ANYUE XINGAN CITY DEVELOP   7.50      01/30/25      CNY      61.61
AOYUAN CORP GROUP LTD       5.65      08/06/25      CNY      59.71
AOYUAN CORP GROUP LTD       6.60      09/03/23      CNY      38.00
AOYUAN CORP GROUP LTD       5.50      03/03/25      CNY      25.50
BAOJI INVESTMENT GROUP CO   5.05      04/18/24      CNY      40.24
BAOTOU AFFORDABLE HOUSING   5.25      07/27/24      CNY      40.80
BAOTOU AFFORDABLE HOUSING   5.31      08/10/24      CNY      40.22
BAOTOU AFFORDABLE HOUSING   5.25      07/27/24      CNY      40.18
BAOTOU QINSHAN HOUSING DE   7.90      12/26/23      CNY      45.33
BAOYING CITY CONSTRUCTION   4.50      03/24/23      CNY      20.05
BAOYING CITY CONSTRUCTION   4.50      03/24/23      CNY      19.98
BAOYING COUNTY DEVELOPMEN   5.49      10/17/24      CNY      41.70
BAOYING COUNTY DEVELOPMEN   5.49      10/17/24      CNY      40.71
BAOYING COUNTY DEVELOPMEN   5.45      08/21/24      CNY      40.60
BAZHOU GUOHUI CONSTRUCTIO   6.08      06/19/24      CNY      40.73
BAZHOU GUOHUI CONSTRUCTIO   6.08      06/19/24      CNY      40.49
BEIPIAO CITY CONSTRUCTION   6.70      03/25/23      CNY      20.11
BEIPIAO CITY CONSTRUCTION   6.70      03/25/23      CNY      20.11
BENGBU ECONOMIC DEVELOPME   6.45      07/13/24      CNY      40.34
BENGBU ECONOMIC DEVELOPME   6.45      07/13/24      CNY      40.00
BENGBU URBAN INVESTMENT H   5.80      04/13/24      CNY      40.39
BENGBU URBAN INVESTMENT H   5.80      04/13/24      CNY      40.38
BIJIE CITY ANFANG CONSTRU   7.80      01/18/26      CNY      69.00
BIJIE CONSTRUCTION INVEST   5.55      08/03/24      CNY      40.09
BIJIE CONSTRUCTION INVEST   5.78      07/06/24      CNY      38.76
BIJIE DEXI CONSTRUCTION D   4.60      11/17/23      CNY      19.64
BIJIE DEXI CONSTRUCTION D   5.10      12/05/23      CNY      19.60
BIJIE DEXI CONSTRUCTION D   4.60      11/17/23      CNY      19.52
BIJIE DEXI CONSTRUCTION D   5.10      12/05/23      CNY      19.18
BIJIE QIXINGGUAN DISTRICT   8.05      08/16/25      CNY      55.33
BIJIE QIXINGGUAN DISTRICT   7.60      09/08/24      CNY      41.22
BIJIE TIANHE URBAN CONSTR   8.05      12/03/25      CNY      63.54
BIJIE XINTAI INVESTMENT C   7.80      11/01/24      CNY      36.00
BIJIE XINTAI INVESTMENT C   7.80      11/01/24      CNY      35.49
BINZHOU ZHANHUA DISTRICT    4.93      11/29/23      CNY      20.09
BINZHOU ZHANHUA DISTRICT    4.93      11/29/23      CNY      19.83
BOZHOU URBAN CONSTRUCTION   4.78      04/14/23      CNY      20.07
BOZHOU URBAN CONSTRUCTION   4.78      04/14/23      CNY      19.98
BRILLIANCE AUTO GROUP HOL   5.80      06/17/24      CNY      60.78
BRILLIANCE AUTO GROUP HOL   5.80      11/05/23      CNY      59.80
BRILLIANCE AUTO GROUP HOL   6.30      09/14/23      CNY      56.93
BRILLIANCE AUTO GROUP HOL   5.40      09/14/23      CNY      55.80
BRILLIANCE AUTO GROUP HOL   5.80      03/20/24      CNY      54.80
CEFC SHANGHAI INTERNATION   4.98      12/10/20      CNY      61.29
CEFC SHANGHAI INTERNATION   4.08      09/09/21      CNY      60.00
CHANG DE DING LI INDUSTRY   6.10      07/20/24      CNY      40.23
CHANG DE DING LI INDUSTRY   6.10      07/20/24      CNY      40.09
CHANG DE DING LI INDUSTRY   4.30      03/10/23      CNY      20.00
CHANG DE DING LI INDUSTRY   4.30      03/10/23      CNY      19.96
CHANGDE DE YUAN SHANTY TO   5.33      09/13/23      CNY      9.81
CHANGDE DINGCHENG JIANGNA   7.58      10/19/25      CNY      61.24
CHANGDE DINGCHENG JIANGNA   7.58      10/19/25      CNY      60.00
CHANGDE URBAN CONSTRUCTIO   3.59      01/12/23      CNY      20.05
CHANGDE URBAN CONSTRUCTIO   3.59      01/12/23      CNY      20.02
CHANGGE JINCAI PUBLIC ASS   7.10      04/19/24      CNY      39.99
CHANGGE JINCAI PUBLIC ASS   7.10      04/19/24      CNY      39.77
CHANGJI URBAN CONSTRUCTIO   4.24      11/18/23      CNY      19.96
CHANGJI URBAN CONSTRUCTIO   4.24      11/18/23      CNY      19.50
CHANGLE COUNTY NEWTOWN DE   5.18      12/16/22      CNY      20.41
CHANGLE COUNTY NEWTOWN DE   5.18      12/16/22      CNY      19.99
CHANGSHA CHENGBEI INVESTM   6.95      06/06/25      CNY      64.90
CHANGSHA CHENGBEI INVESTM   6.95      06/06/25      CNY      62.22
CHANGSHA CHENGBEI INVESTM   7.00      10/26/25      CNY      60.00
CHANGSHA ECONOMIC & TECHN   4.78      03/03/24      CNY      41.26
CHANGSHA ECONOMIC & TECHN   4.78      03/03/24      CNY      40.11
CHANGSHA FURONG CITY DEVE   3.88      01/26/23      CNY      24.60
CHANGSHA FURONG CITY DEVE   3.88      01/26/23      CNY      20.00
CHANGSHA JINZHOU NEW CITY   6.60      08/24/24      CNY      40.91
CHANGSHA JINZHOU NEW CITY   6.60      08/24/24      CNY      40.00
CHANGSHA METRO GROUP CO L   4.10      12/21/25      CNY      61.47
CHANGSHA METRO GROUP CO L   4.10      12/21/25      CNY      60.55
CHANGSHA METRO GROUP CO L   5.97      04/03/25      CNY      47.56
CHANGSHA METRO GROUP CO L   5.97      04/03/25      CNY      46.41
CHANGSHA METRO GROUP CO L   5.40      07/14/25      CNY      46.31
CHANGSHA METRO GROUP CO L   5.40      07/14/25      CNY      45.00
CHANGSHA METRO GROUP CO L   6.20      04/23/23      CNY      15.11
CHANGSHA TIANXIN CITY CON   3.43      08/08/23      CNY      20.15
CHANGSHA TIANXIN CITY CON   3.43      08/08/23      CNY      19.84
CHANGSHA WANGYUAN DEVELOP   5.73      07/12/27      CNY      73.11
CHANGSHA WANGYUAN DEVELOP   5.73      07/12/27      CNY      72.15
CHANGSHA YUHUA JINGKAI DE   4.17      09/06/23      CNY      19.94
CHANGSHA YUHUA JINGKAI DE   4.17      09/06/23      CNY      19.92
CHANGSHA YUHUA URBAN CONS   3.80      01/28/23      CNY      20.15
CHANGSHA YUHUA URBAN CONS   3.80      01/28/23      CNY      19.99
CHANGXING SOUTHERN TAIHU    6.50      11/30/25      CNY      61.75
CHANGXING SOUTHERN TAIHU    6.50      11/30/25      CNY      60.00
CHANGZHOU JINTAN COMMUNIC   7.10      12/21/24      CNY      61.00
CHANGZHOU JINTAN COMMUNIC   7.10      12/21/24      CNY      60.00
CHANGZHOU JINTAN COMMUNIC   6.50      11/07/24      CNY      40.67
CHANGZHOU JINTAN COMMUNIC   6.50      11/07/24      CNY      40.00
CHANGZHOU XINGANG ECONOMI   3.42      10/20/23      CNY      19.91
CHANGZHOU XINGANG ECONOMI   3.42      10/20/23      CNY      19.82
CHANGZHOU ZHONGLOU ECONOM   3.64      10/26/23      CNY      19.94
CHANGZHOU ZHONGLOU ECONOM   3.64      10/26/23      CNY      19.85
CHAOHU URBAN TOWN CONSTRU   5.67      05/03/25      CNY      62.60
CHAOHU URBAN TOWN CONSTRU   5.67      05/03/25      CNY      61.20
CHENGDU FINANCIAL CITY IN   5.99      10/23/25      CNY      61.44
CHENGDU FINANCIAL CITY IN   5.99      10/23/25      CNY      60.00
CHENGDU GARDEN WATER CITY   8.00      06/13/25      CNY      60.00
CHENGDU GARDEN WATER CITY   8.00      06/13/25      CNY      59.19
CHENGDU GARDEN WATER CITY   7.50      09/11/24      CNY      39.73
CHENGDU GARDEN WATER CITY   7.50      09/11/24      CNY      39.47
CHENGDU GARDEN WATER CITY   6.15      05/03/23      CNY      19.95
CHENGDU GARDEN WATER CITY   6.15      05/03/23      CNY      19.84
CHENGDU LIN JIANG GARDEN    7.00      08/27/25      CNY      62.02
CHENGDU LIN JIANG GARDEN    6.75      08/02/24      CNY      39.88
CHENGDU XINGJIN ECOLOGICA   3.65      10/13/23      CNY      19.97
CHENGDU XINGJIN ECOLOGICA   3.65      10/13/23      CNY      19.83
CHENGDU XINGSHU INVESTMEN   6.78      08/21/24      CNY      40.73
CHENGDU XINGSHU INVESTMEN   6.78      08/21/24      CNY      40.00
CHENGDU XINJIN COUNTY IND   7.30      10/23/24      CNY      41.23
CHENGDU XINJIN COUNTY IND   7.30      10/23/24      CNY      40.00
CHENGDU XINJIN COUNTY STA   6.40      07/05/24      CNY      40.59
CHENGDU XINJIN COUNTY STA   6.28      08/03/24      CNY      40.57
CHENGDU XINJIN COUNTY STA   6.28      08/03/24      CNY      40.00
CHENGDU XINJIN COUNTY STA   6.40      07/05/24      CNY      39.55
CHENGDU XINKAIYUAN URBAN    5.29      04/27/23      CNY      20.03
CHENGDU XINKAIYUAN URBAN    5.29      04/27/23      CNY      19.93
CHENZHOU BAIFU INVESTMENT   4.96      03/22/26      CNY      60.00
CHENZHOU BAIFU INVESTMENT   4.96      03/22/26      CNY      55.06
CHENZHOU FUCHENG HIGH TEC   4.73      01/22/23      CNY      20.10
CHENZHOU FUCHENG HIGH TEC   4.73      01/22/23      CNY      20.00
CHENZHOU WENLV INDUSTRY C   5.34      11/28/23      CNY      19.56
CHENZHOU XINTIAN INVESTME   5.38      03/08/26      CNY      58.00
CHENZHOU XINTIAN INVESTME   5.38      03/08/26      CNY      55.22
CHENZHOU XINTIAN INVESTME   6.00      07/26/24      CNY      40.00
CHENZHOU XINTIAN INVESTME   6.00      07/26/24      CNY      38.14
CHIBI LANTIAN URBAN CONST   6.95      11/22/25      CNY      62.30
CHIBI LANTIAN URBAN CONST   6.95      11/22/25      CNY      60.00
CHIBI LANTIAN URBAN CONST   4.38      08/10/23      CNY      20.00
CHIBI LANTIAN URBAN CONST   4.38      08/10/23      CNY      19.94
CHINA COMMUNICATION TECHN   7.00      07/19/20      CNY      5.00
CHINA FORTUNE LAND DEVELO   5.00      05/30/22      CNY      68.15
CHINA FORTUNE LAND DEVELO   5.80      05/23/22      CNY      25.13
CHINA FORTUNE LAND DEVELO   5.60      09/10/21      CNY      25.13
CHINA FORTUNE LAND DEVELO   7.20      04/18/21      CNY      25.13
CHINA FORTUNE LAND DEVELO   7.40      03/24/21      CNY      25.13
CHINA GOVERNMENT INTERNAT   2.50      10/26/51      USD      72.31
CHINA GOVERNMENT INTERNAT   2.50      10/26/51      USD      72.28
CHINA GOVERNMENT INTERNAT   1.00      11/12/39      EUR      72.07
CHINA GOVERNMENT INTERNAT   2.25      10/21/50      USD      68.68
CHINA GOVERNMENT INTERNAT   2.25      10/21/50      USD      68.63
CHINA GRAND AUTOMOTIVE SE   9.13      01/30/24      USD      60.08
CHINA SECURITY CO LTD       4.45      11/11/19      CNY      31.00
CHISHUI CITY CONSTRUCTION   8.50      01/18/26      CNY      72.00
CHONGQIN BAIYAN INVESTMEN   5.75      05/03/23      CNY      20.05
CHONGQIN BAIYAN INVESTMEN   5.75      05/03/23      CNY      20.00
CHONGQIN XINLIANG INVESTM   4.76      08/26/23      CNY      19.89
CHONGQIN XINLIANG INVESTM   4.76      08/26/23      CNY      19.83
CHONGQING BAYUAN CONSTRUC   4.99      08/16/23      CNY      19.82
CHONGQING BISHAN DISTRICT   4.93      03/29/23      CNY      20.08
CHONGQING BISHAN DISTRICT   4.93      03/29/23      CNY      19.99
CHONGQING DAZU YONGSHENG    6.48      07/24/24      CNY      40.65
CHONGQING DAZU YONGSHENG    6.48      07/24/24      CNY      40.65
CHONGQING ECO&TECH DEVELO   3.95      04/13/23      CNY      20.00
CHONGQING ECO&TECH DEVELO   3.95      04/13/23      CNY      19.98
CHONGQING HECHUAN CITY CO   3.95      09/06/23      CNY      19.98
CHONGQING HECHUAN CITY CO   3.95      09/06/23      CNY      19.93
CHONGQING HONGYE INDUSTRY   6.30      08/02/24      CNY      40.59
CHONGQING HONGYE INDUSTRY   6.30      08/02/24      CNY      40.16
CHONGQING HONGYE INDUSTRY   6.45      11/27/24      CNY      40.11
CHONGQING JIANGJIN DISTRI   6.40      09/13/24      CNY      40.64
CHONGQING JIANGJIN DISTRI   6.40      09/13/24      CNY      40.00
CHONGQING JIANGLAI INDUST   7.50      10/26/25      CNY      63.30
CHONGQING JIANGLAI INDUST   7.50      10/26/25      CNY      60.00
CHONGQING JIN TONG INDUST   6.50      08/01/24      CNY      40.69
CHONGQING JIN TONG INDUST   4.44      11/16/23      CNY      19.92
CHONGQING JIN TONG INDUST   4.44      11/16/23      CNY      18.94
CHONGQING JINYUN ASSET MA   4.50      12/31/22      CNY      20.09
CHONGQING JINYUN ASSET MA   4.50      12/31/22      CNY      20.01
CHONGQING KAIQIAN INVESTM   4.64      03/21/23      CNY      19.99
CHONGQING KAIQIAN INVESTM   4.64      03/21/23      CNY      19.97
CHONGQING LAND PROPERTIES   3.36      03/21/23      CNY      19.95
CHONGQING LAND PROPERTIES   3.36      03/21/23      CNY      19.95
CHONGQING LIANGJIANG NEW    4.28      02/28/24      CNY      71.40
CHONGQING LIANGJIANG NEW    4.28      02/28/24      CNY      70.54
CHONGQING LIANGSHAN CONST   6.30      10/16/24      CNY      40.76
CHONGQING LIANGSHAN CONST   6.30      10/16/24      CNY      40.76
CHONGQING MAIRUI URBAN CO   4.95      04/21/23      CNY      20.04
CHONGQING MAIRUI URBAN CO   4.95      04/21/23      CNY      20.03
CHONGQING NANCHUAN CITY C   4.20      07/11/23      CNY      19.96
CHONGQING NANCHUAN CITY C   4.20      07/11/23      CNY      19.92
CHONGQING QIJIANG EAST NE   4.00      09/05/23      CNY      19.87
CHONGQING QIJIANG EAST NE   4.00      09/05/23      CNY      19.76
CHONGQING SHUANGFU CONSTR   6.37      10/13/24      CNY      40.09
CHONGQING SHUANGFU CONSTR   6.37      10/13/24      CNY      40.00
CHONGQING TONGLIANG JINLO   6.80      02/11/25      CNY      61.21
CHONGQING TONGLIANG JINLO   6.80      02/11/25      CNY      60.00
CHONGQING TONGNAN DISTRIC   4.99      12/31/22      CNY      19.99
CHONGQING TONGNAN DISTRIC   4.99      12/31/22      CNY      19.66
CHONGQING WANSHENG ECO &    7.50      03/27/25      CNY      62.13
CHONGQING WANSHENG ECO &    7.50      03/27/25      CNY      62.00
CHONGQING WANSHENG ECO &    7.09      05/03/25      CNY      61.78
CHONGQING WANSHENG ECO &    7.09      05/03/25      CNY      61.12
CHONGQING WANSHENG ECO DE   6.60      02/17/27      CNY      71.43
CHONGQING WULONG DISTRICT   6.80      12/28/24      CNY      60.00
CHONGQING WULONG DISTRICT   6.80      12/28/24      CNY      59.68
CHONGQING WULONG DISTRICT   6.80      09/21/24      CNY      40.94
CHONGQING WULONG DISTRICT   6.80      09/21/24      CNY      40.00
CHONGQING XINGRONG HOLDIN   4.86      03/31/23      CNY      20.00
CHONGQING XINGRONG HOLDIN   4.86      03/31/23      CNY      18.50
CHONGQING YINGDI INDUSTRI   7.00      11/07/24      CNY      40.31
CHONGQING YINGDI INDUSTRI   7.00      11/07/24      CNY      40.00
CHONGQING YUDIAN STATE-OW   8.00      11/30/25      CNY      63.05
CHONGQING YUZHONG STATE-O   6.90      02/08/25      CNY      61.64
CHONGQING YUZHONG STATE-O   6.90      02/08/25      CNY      61.00
CHONGREN URBAN CONSTRUCTI   7.00      03/08/25      CNY      61.54
CHUN'AN XINANJIANG DEVELO   3.84      11/04/23      CNY      20.02
CHUN'AN XINANJIANG DEVELO   3.84      11/04/23      CNY      19.83
CHUYING AGRO-PASTORA GROU   8.80      06/26/19      CNY      20.00
CHUZHOU CITY NANQIAO DIST   5.95      10/23/24      CNY      40.77
CHUZHOU CITY NANQIAO DIST   5.95      10/23/24      CNY      40.00
CIFI GROUP CO LTD           3.80      05/29/25      CNY      65.50
CIFI GROUP CO LTD           3.90      09/14/25      CNY      57.50
CIFI GROUP CO LTD           4.75      03/14/26      CNY      50.07
CIFI GROUP CO LTD           4.40      03/12/26      CNY      47.00
CIFI GROUP CO LTD           4.20      07/22/26      CNY      45.50
CIFI GROUP CO LTD           4.50      05/29/25      CNY      41.02
CITIC GUOAN GROUP CORP      4.49      03/08/21      CNY      18.25
CITIC GUOAN GROUP CORP      4.23      12/15/20      CNY      18.25
CITIC GUOAN GROUP CORP      5.80      12/15/19      CNY      18.25
CITIC GUOAN GROUP CORP      4.90      11/06/19      CNY      18.25
CIXI STATE OWNED ASSET IN   4.90      04/07/24      CNY      40.18
CIXI STATE OWNED ASSET IN   4.90      04/07/24      CNY      40.16
COUNTRY GARDEN REAL ESTAT   4.98      11/20/23      CNY      80.00
COUNTRY GARDEN REAL ESTAT   4.80      03/12/26      CNY      73.20
COUNTRY GARDEN REAL ESTAT   4.80      06/15/26      CNY      71.32
COUNTRY GARDEN REAL ESTAT   4.50      05/24/25      CNY      60.84
DAFANG COUNTY CONSTRUCTIO   6.00      09/26/23      CNY      20.23
DAFANG COUNTY CONSTRUCTIO   6.00      09/26/23      CNY      19.48
DALI HAIDONG DEVELOPMENT    6.01      01/25/23      CNY      20.04
DALI HAIDONG DEVELOPMENT    6.01      01/25/23      CNY      19.55
DALIAN SHITAI CITY CONSTR   4.50      02/01/23      CNY      20.00
DALIAN SHITAI CITY CONSTR   4.50      02/01/23      CNY      19.75
DANGTU COUNTY CONSTRUCTIO   7.47      09/06/25      CNY      62.85
DANGTU COUNTY CONSTRUCTIO   7.47      09/06/25      CNY      60.00
DANGYANG XINYUAN INVESTME   4.97      03/29/23      CNY      20.04
DANGYANG XINYUAN INVESTME   4.97      03/29/23      CNY      19.95
DANYANG INVESTMENT GROUP    5.49      07/18/24      CNY      40.53
DANYANG INVESTMENT GROUP    3.99      01/25/23      CNY      19.99
DASHIQIAO URBAN CONSTRUCT   7.59      08/14/24      CNY      41.16
DASHIQIAO URBAN CONSTRUCT   7.59      08/14/24      CNY      41.16
DAWA COUNTY LINGANG ECO N   5.99      10/19/24      CNY      40.55
DAYE ZHENHENG CITY DEVELO   7.20      12/03/25      CNY      67.51
DAYE ZHENHENG CITY DEVELO   7.20      12/03/25      CNY      62.59
DAYE ZHENHENG CITY DEVELO   4.50      03/28/23      CNY      19.83
DAYE ZHENHENG CITY DEVELO   4.50      03/28/23      CNY      19.77
DAYE ZHENHENG CITY DEVELO   4.05      08/31/23      CNY      19.50
DAYE ZHENHENG CITY DEVELO   4.05      08/31/23      CNY      19.42
DAZHOU INVESTMENT CO LTD    6.50      04/07/27      CNY      73.13
DAZHOU INVESTMENT CO LTD    6.50      04/07/27      CNY      72.10
DAZHOU INVESTMENT CO LTD    3.99      11/04/26      CNY      59.49
DAZHOU INVESTMENT CO LTD    3.99      11/04/26      CNY      59.20
DEQING CONSTRUCTION INVES   3.60      11/11/23      CNY      19.83
DEXING INVESTMENT HOLDING   5.99      03/21/23      CNY      25.90
DEXING INVESTMENT HOLDING   5.99      03/21/23      CNY      20.04
DINGYUAN URBAN RURAL DEVE   7.00      06/27/25      CNY      62.29
DINGYUAN URBAN RURAL DEVE   7.00      06/27/25      CNY      60.00
DINGYUAN URBAN RURAL DEVE   5.80      12/06/24      CNY      40.80
DINGYUAN URBAN RURAL DEVE   5.80      12/06/24      CNY      40.00
DONGTAI STATE-OWNED ASSET   3.04      11/16/23      CNY      20.03
DONGZHI COUNTY CITY OPERA   4.88      06/20/23      CNY      20.04
DONGZHI COUNTY CITY OPERA   4.88      06/20/23      CNY      19.98
DUJIANGYAN NEW CITY CONST   7.80      10/11/25      CNY      62.97
DUJIANGYAN NEW CITY CONST   7.80      05/02/25      CNY      62.25
DUJIANGYAN NEW CITY CONST   7.80      05/02/25      CNY      60.00
DUJIANGYAN NEW CITY CONST   7.80      10/11/25      CNY      57.50
DUJIANGYAN NEW CITY CONST   6.90      10/19/24      CNY      41.03
DUNYUN STATE-OWNED ASSETS   6.60      12/28/22      CNY      19.92
ENSHI URBAN CONSTRUCTION    3.84      11/01/23      CNY      19.74
ENSHI URBAN CONSTRUCTION    3.84      11/01/23      CNY      19.73
EVERGRANDE REAL ESTATE GR   5.80      10/19/25      CNY      70.00
EVERGRANDE REAL ESTATE GR   6.80      05/06/24      CNY      35.69
EVERGRANDE REAL ESTATE GR   5.90      05/26/23      CNY      35.00
EVERGRANDE REAL ESTATE GR   6.27      05/06/23      CNY      30.00
EVERGRANDE REAL ESTATE GR   7.00      04/27/26      CNY      27.68
EVERGRANDE REAL ESTATE GR   6.98      01/08/23      CNY      27.00
EVERGRANDE REAL ESTATE GR   6.98      01/08/23      CNY      8.38
EZHOU CITY CONSTRUCTION I   6.10      07/27/27      CNY      71.29
FANGCHENG GANGSHI WENLV G   7.95      10/11/25      CNY      62.43
FANGCHENG GANGSHI WENLV G   7.95      10/11/25      CNY      60.00
FANTASIA GROUP CHINA CO L   7.50      12/17/23      CNY      74.00
FANTASIA GROUP CHINA CO L   7.80      11/29/24      CNY      44.83
FEICHENG CITY ASSETS MANA   4.04      03/23/23      CNY      19.95
FEICHENG CITY ASSETS MANA   4.04      03/23/23      CNY      19.95
FEIXI COUNTY URBAN & RURA   4.45      06/03/23      CNY      27.50
FEIXI COUNTY URBAN & RURA   4.45      06/03/23      CNY      20.11
FENG COUNTY ECONOMIC DEVE   5.18      06/21/23      CNY      20.03
FENG COUNTY ECONOMIC DEVE   5.18      06/21/23      CNY      19.77
FENGCHENG CITY MODERN IND   5.76      12/17/22      CNY      20.00
FENGCHENG CITY MODERN IND   5.76      12/17/22      CNY      19.99
FENGDU COUNTY STATE-OWNED   6.38      09/05/24      CNY      40.36
FENGDU COUNTY STATE-OWNED   6.38      09/05/24      CNY      40.00
FENGHUANG MINGCHENG CONST   6.50      03/23/24      CNY      40.45
FENGTAI HUAXING CITY DEVE   5.60      03/13/24      CNY      40.35
FENGTAI HUAXING CITY DEVE   5.60      03/13/24      CNY      40.27
FENGYANG COUNTY ECONOMY D   6.00      11/16/24      CNY      42.00
FENGYANG COUNTY ECONOMY D   6.00      11/16/24      CNY      41.10
FENYI CITY CONSTRUCTION I   4.54      08/22/23      CNY      19.92
FENYI CITY CONSTRUCTION I   4.54      08/22/23      CNY      19.88
FUJIAN FUSHENG GROUP CO L   7.90      11/19/21      CNY      60.00
FUJIAN JINJIANG URBAN CON   3.35      08/24/23      CNY      20.05
FUJIAN ZHANGZHOU CITY INV   5.73      10/31/25      CNY      61.84
FUJIAN ZHANGZHOU CITY INV   5.73      10/31/25      CNY      60.00
FUNING URBAN INVESTMENT D   6.00      03/14/24      CNY      41.01
FUNING URBAN INVESTMENT D   6.00      03/14/24      CNY      40.49
FUYANG ANJU INVESTMENT MA   5.48      05/02/23      CNY      60.28
FUZHOU CHANGLE DISTRICT S   4.50      04/11/23      CNY      20.07
FUZHOU CHANGLE DISTRICT S   4.50      04/11/23      CNY      19.98
FUZHOU DEVELOPMENT ZONE S   3.53      08/25/23      CNY      19.90
FUZHOU DEVELOPMENT ZONE S   3.53      08/25/23      CNY      19.90
FUZHOU DONGXIANG INVESTME   6.20      03/20/24      CNY      40.52
FUZHOU DONGXIANG INVESTME   6.20      03/20/24      CNY      40.20
FUZHOU LINCHUAN URBAN CON   6.50      12/25/24      CNY      60.75
FUZHOU LINCHUAN URBAN CON   5.68      07/05/23      CNY      20.05
FUZHOU LINCHUAN URBAN CON   5.68      07/05/23      CNY      20.02
FUZHOU MUNICIPAL STATE OW   5.70      10/30/24      CNY      41.12
FUZHOU MUNICIPAL STATE OW   5.70      10/30/24      CNY      40.00
GANSU PROVINCIAL HIGHWAY    6.20      03/28/23      CNY      40.24
GANZHOU DEVELOPMENT INVES   8.10      12/11/23      CNY      40.94
GANZHOU NANKANG DISTRICT    8.00      10/29/25      CNY      63.30
GANZHOU NANKANG DISTRICT    8.00      09/27/25      CNY      60.24
GANZHOU NANKANG DISTRICT    8.00      10/29/25      CNY      60.00
GANZHOU NANKANG DISTRICT    8.00      09/27/25      CNY      60.00
GANZHOU ZHANGGONG CONSTRU   7.80      10/16/25      CNY      62.68
GANZHOU ZHANGGONG CONSTRU   7.80      10/16/25      CNY      61.60
GAOMI CITY CONSTRUCTION I   5.95      09/18/24      CNY      40.00
GAOMI CITY CONSTRUCTION I   5.95      09/18/24      CNY      39.10
GAOMI STATE-OWNED ASSETS    4.69      01/26/23      CNY      19.99
GAOMI STATE-OWNED ASSETS    4.69      01/26/23      CNY      19.89
GAOQING LU QING ASSET MAN   7.50      09/27/24      CNY      41.55
GAOQING LU QING ASSET MAN   7.50      09/27/24      CNY      39.97
GAOYOU CITY ECONOMY DEVEL   5.26      07/13/24      CNY      40.46
GAOYOU CITY ECONOMY DEVEL   3.65      09/02/23      CNY      20.00
GAOYOU CITY ECONOMY DEVEL   3.65      09/02/23      CNY      19.92
GLP CHINA HOLDINGS LTD      4.00      07/02/24      CNY      75.00
GLP CHINA HOLDINGS LTD      2.95      03/29/26      USD      71.00
GOME APPLIANCE CO LTD       7.80      12/21/24      CNY      37.00
GONG'AN COUNTY CITY CONST   4.30      08/30/23      CNY      19.92
GONG'AN COUNTY CITY CONST   4.30      08/30/23      CNY      19.85
GONGQINGCHENG FINANCIAL M   5.85      03/25/23      CNY      20.06
GONGQINGCHENG FINANCIAL M   5.85      03/25/23      CNY      20.05
GUANGAN ECONOMIC & TECHNO   5.16      04/14/23      CNY      20.01
GUANGAN ECONOMIC & TECHNO   5.16      04/14/23      CNY      19.97
GUANGAN TRANSPORTATION IN   5.39      12/01/23      CNY      20.10
GUANGAN XINHONG INVESTMEN   7.18      08/28/24      CNY      40.82
GUANGDE CITY STATE-OWNED    5.37      07/18/24      CNY      40.90
GUANGDE CITY STATE-OWNED    5.37      07/18/24      CNY      40.42
GUANGDONG HUIZHOU COMMUNI   4.95      12/27/23      CNY      40.38
GUANGDONG HUIZHOU COMMUNI   4.95      12/27/23      CNY      40.03
GUANGDONG HUIZHOU COMMUNI   4.16      05/17/23      CNY      20.06
GUANGDONG HUIZHOU COMMUNI   4.16      05/17/23      CNY      19.95
GUANGSHUI CITY DEVELOPMEN   6.19      03/01/24      CNY      40.45
GUANGSHUI CITY DEVELOPMEN   6.19      03/01/24      CNY      40.44
GUANGXI BAISE BAI DONG IN   7.90      06/29/25      CNY      62.56
GUANGXI BAISE BAI DONG IN   7.90      06/29/25      CNY      60.00
GUANGXI CHONGZUO URBAN CO   8.50      09/26/25      CNY      62.02
GUANGXI CHONGZUO URBAN CO   8.50      09/26/25      CNY      60.00
GUANGXI LIUZHOU DONGCHENG   6.50      07/24/24      CNY      46.23
GUANGXI LIUZHOU INVESTMEN   4.28      03/08/23      CNY      19.48
GUANGXI NINGMING HUINING    8.50      12/07/25      CNY      80.81
GUANGXI TIANDONG COUNTY L   7.50      06/04/27      CNY      50.00
GUANGYUAN CITY DEVELOPMEN   7.50      10/25/27      CNY      57.10
GUANGYUAN YUANQU CONSTRUC   4.48      03/10/23      CNY      19.98
GUANGYUAN YUANQU CONSTRUC   4.48      03/10/23      CNY      19.94
GUANGZHOU FINELAND REAL E   13.60     07/27/23      USD      45.00
GUANGZHOU HEJING HOLDING    6.19      11/12/25      CNY      75.00
GUANGZHOU HEJING HOLDING    6.00      10/12/25      CNY      58.00
GUANGZHOU HUANTOU NANSHA    6.38      11/18/24      CNY      30.58
GUANGZHOU HUANTOU NANSHA    6.38      11/18/24      CNY      30.35
GUANGZHOU METRO GROUP CO    6.45      04/02/24      CNY      30.65
GUANGZHOU METRO GROUP CO    6.05      06/03/24      CNY      30.45
GUANGZHOU METRO GROUP CO    6.45      04/02/24      CNY      30.00
GUANGZHOU PANYU INFORMATI   4.50      09/08/26      CNY      59.75
GUANGZHOU PANYU INFORMATI   4.50      09/08/26      CNY      59.74
GUANGZHOU R&F PROPERTIES    6.70      04/07/23      CNY      59.06
GUANGZHOU R&F PROPERTIES    6.48      05/09/24      CNY      40.00
GUANGZHOU R&F PROPERTIES    7.00      01/03/23      CNY      28.00
GUANGZHOU TIMES HOLDING G   5.24      05/27/25      CNY      28.60
GUANGZHOU TIMES HOLDING G   5.10      03/30/25      CNY      28.20
GUANGZHOU TIMES HOLDING G   5.94      07/17/25      CNY      28.20
GUANGZHOU TIMES HOLDING G   5.00      02/24/25      CNY      28.10
GUCHENG CONSTRUCTION INVE   7.88      04/27/25      CNY      62.39
GUCHENG CONSTRUCTION INVE   7.88      04/27/25      CNY      60.00
GUIXI STATE OWNED HOLDING   4.18      08/18/23      CNY      19.99
GUIXI STATE OWNED HOLDING   4.18      08/18/23      CNY      19.85
GUIYANG BAIYUN INDUSTRY D   8.30      03/21/25      CNY      60.86
GUIYANG BAIYUN INDUSTRY D   8.30      03/21/25      CNY      60.00
GUIYANG BAIYUN URBAN CONS   4.75      09/13/26      CNY      59.75
GUIYANG BAIYUN URBAN CONS   4.75      09/13/26      CNY      56.65
GUIYANG BAIYUN URBAN CONS   7.28      09/25/24      CNY      40.07
GUIYANG BAIYUN URBAN CONS   7.28      09/25/24      CNY      40.00
GUIYANG BAIYUN URBAN CONS   6.48      07/17/24      CNY      40.00
GUIYANG BAIYUN URBAN CONS   6.48      07/17/24      CNY      38.30
GUIYANG CITY CONSTRUCTION   4.37      03/25/26      CNY      57.48
GUIYANG CITY CONSTRUCTION   4.37      03/25/26      CNY      56.91
GUIYANG CITY CONSTRUCTION   4.00      11/14/26      CNY      55.41
GUIYANG CITY CONSTRUCTION   4.00      11/14/26      CNY      55.40
GUIYANG ECONOMIC DEVELOPM   7.50      04/30/26      CNY      70.40
GUIYANG ECONOMIC DEVELOPM   7.90      10/29/25      CNY      63.19
GUIYANG ECONOMIC DEVELOPM   6.35      09/21/24      CNY      38.07
GUIYANG GUANSHANHU DISTRI   6.49      06/22/24      CNY      40.60
GUIYANG GUANSHANHU DISTRI   6.49      06/22/24      CNY      38.25
GUIYANG GUANSHANHU DISTRI   4.48      03/09/23      CNY      19.98
GUIYANG GUANSHANHU DISTRI   4.87      01/28/23      CNY      19.92
GUIYANG GUANSHANHU DISTRI   4.87      01/28/23      CNY      19.90
GUIYANG GUANSHANHU DISTRI   4.48      03/09/23      CNY      19.80
GUIYANG GUANSHANHU INVEST   8.20      04/30/24      CNY      72.15
GUIYANG GUANSHANHU INVEST   7.50      12/25/22      CNY      40.03
GUIYANG INVESTMENT HOLDIN   4.46      11/17/26      CNY      55.96
GUIYANG INVESTMENT HOLDIN   4.46      11/17/26      CNY      54.19
GUIYANG URBAN CONSTRUCTIO   5.98      07/21/24      CNY      40.16
GUIYANG URBAN CONSTRUCTIO   5.98      07/21/24      CNY      40.00
GUIYANG YUNYAN GUIZHONG R   6.80      11/17/24      CNY      41.04
GUIYANG YUNYAN GUIZHONG R   6.80      11/17/24      CNY      40.00
GUIZHOU EAST LAKE CITY CO   8.00      12/07/25      CNY      63.47
GUIZHOU EAST LAKE CITY CO   8.00      12/07/25      CNY      54.26
GUIZHOU EAST LAKE CITY CO   5.18      01/06/23      CNY      19.96
GUIZHOU HONGCAI INVESTMEN   6.00      06/07/23      CNY      10.05
GUIZHOU HONGCAI INVESTMEN   6.00      06/07/23      CNY      9.64
GUIZHOU HONGGUO ECONOMIC    7.80      02/08/25      CNY      60.05
GUIZHOU HONGGUO ECONOMIC    7.80      02/08/25      CNY      53.00
GUIZHOU HONGGUO ECONOMIC    7.80      11/24/24      CNY      40.37
GUIZHOU HONGGUO ECONOMIC    7.80      11/24/24      CNY      30.00
GUIZHOU KAILI KAIYUAN CIT   7.28      08/29/24      CNY      41.09
GUIZHOU KAILI KAIYUAN CIT   7.30      05/26/24      CNY      40.85
GUIZHOU KAILI KAIYUAN CIT   7.30      05/26/24      CNY      39.95
GUIZHOU KAILI KAIYUAN CIT   7.28      08/29/24      CNY      36.20
GUIZHOU LIUPANSHUI PANDEN   7.30      07/24/24      CNY      41.07
GUIZHOU LIUPANSHUI PANDEN   7.30      07/24/24      CNY      36.01
GUIZHOU RAILWAY INVESTMEN   7.50      04/23/24      CNY      30.56
GUIZHOU SHUICHENG CITY IN   4.98      11/22/23      CNY      20.01
GUIZHOU SHUICHENG CITY IN   4.98      11/22/23      CNY      19.04
GUIZHOU SHUICHENG ECONOMI   7.50      10/26/25      CNY      62.78
GUIZHOU SHUICHENG ECONOMI   7.50      10/26/25      CNY      19.50
GUIZHOU SHUICHENG WATER I   8.00      11/27/25      CNY      52.62
GUIZHOU SHUICHENG WATER I   8.00      11/27/25      CNY      49.01
GUIZHOU XINDONGGUAN CIVIL   7.70      09/05/24      CNY      41.29
GUIZHOU ZHONGSHAN DEVELOP   6.46      11/22/27      CNY      73.13
GUIZHOU ZHONGSHAN DEVELOP   6.46      11/22/27      CNY      70.00
GULIN STATE-OWNED ASSETS    5.96      07/24/24      CNY      44.51
GULIN STATE-OWNED ASSETS    5.96      07/24/24      CNY      40.55
GULIN STATE-OWNED ASSETS    4.18      08/04/23      CNY      19.92
GULIN STATE-OWNED ASSETS    4.18      08/04/23      CNY      19.64
GUOSHENG FINANCIAL HOLDIN   6.30      12/21/22      CNY      6.70
HAIAN DEVELOPMENT ZONE CO   4.47      11/16/23      CNY      20.02
HAIAN DEVELOPMENT ZONE CO   4.47      11/16/23      CNY      19.96
HAIAN ECONOMIC TECHNOLOGY   5.45      04/13/23      CNY      20.09
HAIAN ECONOMIC TECHNOLOGY   5.45      04/13/23      CNY      20.04
HAIAN URBAN DEMOLITION &    7.74      05/02/25      CNY      61.54
HAIKOU MEILAN INTERNATION   5.25      09/06/19      USD      16.14
HAINAN AIRLINES HOLDING C   6.20      05/24/21      CNY      51.00
HAINING CITY DEVELOPMENT    5.47      11/13/25      CNY      61.47
HAINING CITY DEVELOPMENT    5.47      11/13/25      CNY      60.00
HAINING CITY JIANSHAN DIS   6.98      09/10/25      CNY      65.00
HAINING CITY JIANSHAN DIS   6.98      09/10/25      CNY      63.11
HAINING CITY JIANSHAN DIS   6.15      11/15/25      CNY      60.15
HAINING CITY JIANSHAN DIS   6.15      11/15/25      CNY      60.00
HAIYAN COUNTY STATE-OWNED   5.80      06/12/24      CNY      40.65
HAMI JIANHUI STATE-OWNED-   3.90      09/21/23      CNY      19.76
HANCHENG CITY INVESTMENT    4.69      12/05/23      CNY      19.96
HANCHENG CITY INVESTMENT    4.69      12/05/23      CNY      19.89
HANCHUAN CITY HANRONG INV   4.25      07/18/23      CNY      19.93
HANCHUAN CITY HANRONG INV   4.25      07/18/23      CNY      19.83
HANGZHOU CANAL COMPREHENS   3.40      10/17/23      CNY      20.03
HANGZHOU CANAL COMPREHENS   3.40      10/17/23      CNY      19.94
HANGZHOU FUYANG DEVELOPME   4.76      01/27/23      CNY      20.05
HANGZHOU FUYANG DEVELOPME   4.76      01/27/23      CNY      20.04
HANGZHOU GONGSHU DISTRICT   3.80      03/14/23      CNY      19.99
HANGZHOU GONGSHU DISTRICT   3.80      03/14/23      CNY      19.97
HANGZHOU LIANGZHU CULTURA   6.30      08/23/25      CNY      62.00
HANGZHOU LIANGZHU CULTURA   6.30      08/23/25      CNY      61.98
HANGZHOU LINPING TOURISM    5.57      10/31/25      CNY      61.25
HANGZHOU LINPING TOURISM    5.57      10/31/25      CNY      61.24
HANGZHOU METRO GROUP CO L   5.97      09/17/24      CNY      30.89
HANGZHOU QIANJIANG CBD IN   5.64      03/19/25      CNY      62.56
HANGZHOU QIANJIANG CBD IN   5.64      03/19/25      CNY      61.33
HANGZHOU WEST LAKE INVEST   4.30      04/25/23      CNY      20.03
HANGZHOU WEST LAKE INVEST   4.30      04/25/23      CNY      20.00
HANGZHOU XIAOSHAN QIANJIA   4.00      03/22/23      CNY      20.02
HANGZHOU XIAOSHAN QIANJIA   4.00      03/22/23      CNY      19.99
HANJIANG STATE-OWNED-ASSE   5.40      04/21/24      CNY      40.79
HANJIANG STATE-OWNED-ASSE   5.40      04/21/24      CNY      40.50
HANSHAN CITY CONSTRUCTION   6.20      08/30/24      CNY      40.66
HANSHAN CITY CONSTRUCTION   6.20      08/30/24      CNY      40.00
HARBIN CITY CONSTRUCTION    6.04      03/19/25      CNY      60.88
HARBIN CITY CONSTRUCTION    6.04      03/19/25      CNY      60.00
HARBIN HELI INVESTMENT HO   5.49      12/10/25      CNY      61.15
HECHI STATE-OWNED CAPITAL   4.37      11/04/23      CNY      19.98
HECHI STATE-OWNED CAPITAL   4.37      11/04/23      CNY      19.98
HEFEI CONSTRUCTION INVEST   7.20      04/29/24      CNY      31.20
HEFEI CONSTRUCTION INVEST   7.20      04/29/24      CNY      30.87
HEFEI XINCHENG STATE-OWNE   4.13      07/15/23      CNY      20.01
HEFEI XINCHENG STATE-OWNE   4.13      07/15/23      CNY      19.93
HEGANG URBAN CONSTRUCTION   6.90      12/18/24      CNY      61.20
HEGANG URBAN CONSTRUCTION   6.90      12/18/24      CNY      61.19
HENAN AIRPORT INVESTMENT    4.27      07/20/26      CNY      39.98
HENAN AIRPORT INVESTMENT    4.27      07/20/26      CNY      39.96
HENGDONG URBAN & RURAL CO   6.60      12/27/23      CNY      40.33
HENGDONG URBAN & RURAL CO   6.60      12/27/23      CNY      40.19
HENGYANG BINJIANG NEW DIS   5.47      07/27/24      CNY      41.22
HENGYANG BINJIANG NEW DIS   5.47      07/27/24      CNY      40.68
HENGYANG CITY AND URBAN C   7.80      12/14/24      CNY      60.17
HENGYANG CITY AND URBAN C   7.80      12/14/24      CNY      60.16
HENGYANG CITY AND URBAN C   7.50      09/22/24      CNY      40.02
HENGYANG CITY AND URBAN C   7.50      09/22/24      CNY      40.01
HENGYANG COMMUNICATION CO   6.98      02/02/23      CNY      50.21
HENGYANG COMMUNICATION CO   4.28      01/21/23      CNY      20.01
HENGYANG COMMUNICATION CO   4.28      01/21/23      CNY      20.00
HESHAN PUBLIC ASSET MANAG   5.08      12/07/23      CNY      40.31
HESHAN PUBLIC ASSET MANAG   5.08      12/07/23      CNY      20.08
HESHAN PUBLIC ASSET MANAG   4.08      09/28/23      CNY      20.08
HESHAN PUBLIC ASSET MANAG   4.08      09/28/23      CNY      19.88
HETIAN YUXIN STATE-OWNED    4.65      03/28/23      CNY      19.99
HETIAN YUXIN STATE-OWNED    4.65      03/28/23      CNY      19.97
HONGAN URBAN DEVELOPMENT    7.50      12/04/24      CNY      62.16
HONGAN URBAN DEVELOPMENT    7.50      12/04/24      CNY      40.00
HONGHEZHOU DEVELOPMENT IN   5.90      07/12/24      CNY      40.53
HONGHEZHOU DEVELOPMENT IN   5.90      07/12/24      CNY      38.30
HONGHU CITY HONGRUI INVES   6.30      10/13/24      CNY      40.94
HONGHU CITY HONGRUI INVES   6.30      10/13/24      CNY      40.93
HUACHEN ENERGY CO LTD       4.65      12/29/26      USD      48.13
HUAIAN CITY HUAIAN DISTRI   4.63      05/03/23      CNY      20.17
HUAIAN CITY HUAIAN DISTRI   4.63      05/03/23      CNY      20.03
HUAIAN CITY XUYI URBAN AS   5.10      04/15/23      CNY      20.01
HUAIAN CITY XUYI URBAN AS   5.10      04/15/23      CNY      19.97
HUAIAN HONGRI TRANSPORTAT   5.09      04/20/23      CNY      20.01
HUAIAN HONGRI TRANSPORTAT   5.09      04/20/23      CNY      19.94
HUAIAN HONGZE DISTRICT UR   4.37      07/18/23      CNY      19.90
HUAIAN HONGZE DISTRICT UR   4.37      07/18/23      CNY      19.83
HUAI'AN INVESTMENT HOLDIN   5.28      08/11/24      CNY      40.33
HUAI'AN INVESTMENT HOLDIN   5.28      08/11/24      CNY      40.00
HUAIAN JINHU TRAFFIC INVE   7.38      08/10/25      CNY      72.00
HUAIAN JINHU TRAFFIC INVE   7.38      08/10/25      CNY      62.37
HUAI'AN NEW CITY INVESTME   5.22      09/20/24      CNY      41.45
HUAI'AN NEW CITY INVESTME   5.22      09/20/24      CNY      40.48
HUAIAN QINGPU CITY CONSTR   6.75      09/29/24      CNY      40.90
HUAIAN QINGPU CITY CONSTR   6.75      09/29/24      CNY      39.55
HUAIHUA CITY CONSTRUCTION   4.18      08/31/23      CNY      19.78
HUAIHUA CITY CONSTRUCTION   4.18      08/31/23      CNY      19.76
HUAIHUA ECONOMIC DEVELOPM   5.77      08/07/24      CNY      40.34
HUAIHUA ECONOMIC DEVELOPM   5.77      08/07/24      CNY      39.99
HUAIHUA TRANSPORTATION CO   4.96      04/12/23      CNY      19.98
HUAIHUA TRANSPORTATION CO   4.96      04/12/23      CNY      19.94
HUAINAN INDUSTRY DEVELOPM   5.69      10/25/24      CNY      41.78
HUAINAN INDUSTRY DEVELOPM   5.69      10/25/24      CNY      40.66
HUAINAN SHAN NAN DEVELOPM   6.53      08/24/24      CNY      40.60
HUAINAN SHAN NAN DEVELOPM   6.53      08/24/24      CNY      40.00
HUAINAN URBAN CONSTRUCTIO   7.50      03/20/25      CNY      62.44
HUAINAN URBAN CONSTRUCTIO   7.50      03/20/25      CNY      60.00
HUAINAN URBAN CONSTRUCTIO   5.74      09/04/24      CNY      40.92
HUAINAN URBAN CONSTRUCTIO   5.74      09/04/24      CNY      40.68
HUANGGANG CITY CONSTRUCTI   4.08      01/18/23      CNY      20.18
HUANGGANG CITY CONSTRUCTI   4.08      01/18/23      CNY      20.03
HUANGMEI COUNTY URBAN DEV   6.68      10/18/24      CNY      40.55
HUANGMEI COUNTY URBAN DEV   6.80      10/09/24      CNY      40.06
HUANGMEI COUNTY URBAN DEV   6.68      10/18/24      CNY      40.00
HUANGMEI COUNTY URBAN DEV   6.80      10/09/24      CNY      40.00
HUANGSHAN CHENGTOU GROUP    6.74      04/27/25      CNY      61.68
HUANGSHAN CHENGTOU GROUP    6.74      04/27/25      CNY      60.00
HUANGSHI CIHU HIGH-TECH D   4.50      06/08/23      CNY      23.00
HUANGSHI CIHU HIGH-TECH D   4.97      06/08/23      CNY      20.01
HUANGSHI CIHU HIGH-TECH D   4.50      06/08/23      CNY      19.96
HUANGSHI CIHU HIGH-TECH D   4.97      06/08/23      CNY      19.94
HUANGSHI ZHONGBANG CITY R   5.95      06/02/24      CNY      41.67
HUANGSHI ZHONGBANG CITY R   5.95      06/02/24      CNY      40.43
HUBEI PROVINCIAL COMMUNIC   5.29      06/05/25      CNY      60.81
HUBEI SONGZI JINSONG INVE   6.60      06/21/24      CNY      40.64
HUBEI SONGZI JINSONG INVE   6.60      06/21/24      CNY      40.63
HUBEI SUPPLY AND MARKETIN   6.70      08/23/24      CNY      40.80
HUBEI SUPPLY AND MARKETIN   6.70      08/23/24      CNY      39.88
HUBEI YILING ECONOMIC DEV   6.45      09/05/24      CNY      40.37
HUBEI YILING ECONOMIC DEV   6.45      09/05/24      CNY      40.00
HULUDAO INVESTMENT GROUP    7.50      10/18/23      CNY      15.24
HULUDAO INVESTMENT GROUP    7.50      10/18/23      CNY      15.19
HUNAN CHUZHISHENG HOLDING   5.60      12/18/22      CNY      20.00
HUNAN CHUZHISHENG HOLDING   5.60      12/18/22      CNY      20.00
HUNAN DESHAN CONSTRUCTION   6.46      09/14/24      CNY      40.73
HUNAN DESHAN CONSTRUCTION   6.46      09/14/24      CNY      39.56
HUNAN JINYANG INVESTMENT    4.39      04/06/23      CNY      20.02
HUNAN JINYANG INVESTMENT    4.37      01/19/23      CNY      20.01
HUNAN JINYANG INVESTMENT    4.37      01/19/23      CNY      19.98
HUNAN JINYANG INVESTMENT    4.39      04/06/23      CNY      19.93
HUNAN LINGANG DEVELOPMENT   4.24      07/21/23      CNY      19.83
HUNAN LINGANG DEVELOPMENT   4.24      07/21/23      CNY      19.80
HUNAN LINGANG DEVELOPMENT   3.94      10/26/23      CNY      19.74
HUNAN LINGANG DEVELOPMENT   3.94      10/26/23      CNY      19.69
HUNAN LOUDI ECONOMIC & TE   4.89      03/30/23      CNY      20.00
HUNAN LOUDI ECONOMIC & TE   4.89      03/30/23      CNY      19.74
HUNAN PROVINCIAL RAILWAY    6.09      04/30/25      CNY      46.49
HUNAN PROVINCIAL RAILWAY    6.09      04/30/25      CNY      45.00
HUNAN SENTE INDUSTRIAL IN   6.90      11/28/24      CNY      41.09
HUNAN SENTE INDUSTRIAL IN   6.90      11/28/24      CNY      20.00
HUNAN SHAODONG ECO-INDUST   6.58      12/13/23      CNY      40.33
HUNAN SHAODONG ECO-INDUST   6.58      12/13/23      CNY      20.30
HUNAN TIANYI RONGTONG CHU   8.00      10/24/25      CNY      64.60
HUNAN TIANYI RONGTONG CHU   8.00      10/24/25      CNY      63.23
HUNAN TIANYI RONGTONG CHU   7.50      09/17/25      CNY      62.54
HUNAN TIANYI RONGTONG CHU   7.50      09/17/25      CNY      60.00
HUNAN TIER GROUP CO LTD     4.20      03/17/23      CNY      19.72
HUNAN TIER GROUP CO LTD     4.20      03/17/23      CNY      19.69
HUNAN YOUZHOU INVESTMENT    4.80      07/07/23      CNY      20.00
HUNAN YOUZHOU INVESTMENT    4.80      07/07/23      CNY      20.00
HUNAN ZHIGU INVESTMENT DE   5.80      07/28/24      CNY      40.34
HUNAN ZHIGU INVESTMENT DE   5.80      07/28/24      CNY      40.00
HUZHOU CITY INVESTMENT DE   6.39      09/25/25      CNY      62.63
HUZHOU NEW CITY INVESTMEN   6.60      05/28/23      CNY      71.11
HUZHOU NEW CITY INVESTMEN   7.20      01/21/23      CNY      71.06
HUZHOU NEW CITY INVESTMEN   7.50      11/23/24      CNY      41.69
HUZHOU NEW CITY INVESTMEN   7.50      11/23/24      CNY      40.50
HUZHOU WUXING NANTAIHU CO   7.90      09/20/25      CNY      61.94
JIAHE ZHUDU DEVELOPMENT G   7.50      03/13/25      CNY      61.28
JIAHE ZHUDU DEVELOPMENT G   7.50      03/13/25      CNY      60.00
JIAHE ZHUDU DEVELOPMENT G   6.50      05/25/24      CNY      40.60
JIAHE ZHUDU DEVELOPMENT G   6.50      05/25/24      CNY      40.40
JIAN CITY JINGANGSHAN DEV   4.87      01/27/23      CNY      20.00
JIAN CITY JINGANGSHAN DEV   4.87      01/27/23      CNY      19.94
JIANAN INVESTMENT HOLDING   3.50      09/05/23      CNY      20.10
JIANAN INVESTMENT HOLDING   3.85      09/05/23      CNY      20.07
JIANAN INVESTMENT HOLDING   4.30      03/08/23      CNY      20.04
JIANAN INVESTMENT HOLDING   4.30      03/08/23      CNY      19.97
JIANAN INVESTMENT HOLDING   3.85      09/05/23      CNY      19.92
JIANAN INVESTMENT HOLDING   3.50      09/05/23      CNY      19.86
JIANDE STATE-OWNED ASSETS   6.69      11/20/24      CNY      41.00
JIANGSU BEIGU INDUSTRIAL    5.80      06/20/23      CNY      20.09
JIANGSU BEIGU INDUSTRIAL    5.80      06/20/23      CNY      20.07
JIANGSU DAHANG LINGANG IN   5.18      09/22/23      CNY      20.06
JIANGSU DAHANG LINGANG IN   5.18      09/22/23      CNY      20.05
JIANGSU GAOCHUN ECONOMIC    5.66      06/26/24      CNY      40.53
JIANGSU GAOCHUN ECONOMIC    6.08      08/14/24      CNY      40.48
JIANGSU GAOCHUN ECONOMIC    5.66      06/26/24      CNY      40.42
JIANGSU GAOCHUN ECONOMIC    6.08      08/14/24      CNY      39.57
JIANGSU GAOCHUN ECONOMIC    3.67      09/23/23      CNY      20.02
JIANGSU GAOCHUN ECONOMIC    3.92      11/23/23      CNY      19.99
JIANGSU GAOCHUN ECONOMIC    3.67      09/23/23      CNY      19.89
JIANGSU GAOCHUN ECONOMIC    3.92      11/23/23      CNY      19.88
JIANGSU HAIYI HOLDING GRO   5.98      09/11/25      CNY      66.48
JIANGSU HAIYI HOLDING GRO   5.98      09/11/25      CNY      61.07
JIANGSU HAIZHOU DEVELOPME   4.67      06/06/23      CNY      19.89
JIANGSU HAIZHOU DEVELOPME   4.67      06/06/23      CNY      19.80
JIANGSU HAIZHOUWAN DEVELO   4.89      03/29/23      CNY      15.00
JIANGSU HANRUI INVESTMENT   4.63      04/15/23      CNY      20.02
JIANGSU HANRUI INVESTMENT   4.63      04/15/23      CNY      20.00
JIANGSU HANRUI INVESTMENT   5.00      08/31/23      CNY      19.88
JIANGSU HANRUI INVESTMENT   5.00      08/31/23      CNY      19.87
JIANGSU HONGZE LAKE SHENZ   6.50      08/01/24      CNY      40.04
JIANGSU JINHUI GROUP CO L   5.16      07/14/24      CNY      41.50
JIANGSU JINHUI GROUP CO L   5.16      07/14/24      CNY      40.54
JIANGSU JINTAN GUOFA INTE   4.60      08/22/23      CNY      19.98
JIANGSU JINTAN GUOFA INTE   4.60      08/22/23      CNY      19.93
JIANGSU KAIYUAN INVESTMEN   7.08      08/03/24      CNY      40.93
JIANGSU KAIYUAN INVESTMEN   7.08      08/03/24      CNY      38.62
JIANGSU LIYANG HIGH-TECH    5.70      08/30/24      CNY      41.60
JIANGSU LIYANG HIGH-TECH    5.70      08/30/24      CNY      40.46
JIANGSU QISHENG GROUP CO    4.00      03/18/23      CNY      19.99
JIANGSU RUNCHENG ASSET OP   5.65      04/19/24      CNY      40.46
JIANGSU YANGKOU PORT CONS   7.60      08/17/25      CNY      62.85
JIANGSU YANGKOU PORT CONS   7.60      08/17/25      CNY      62.50
JIANGSU YANGKOU PORT CONS   7.38      04/03/25      CNY      62.50
JIANGSU YANGKOU PORT CONS   7.38      04/03/25      CNY      62.21
JIANGSU YINGZHOU DEVELOPM   4.33      09/21/23      CNY      19.77
JIANGSU YINGZHOU DEVELOPM   4.33      09/21/23      CNY      19.52
JIANGSU YIXING ENVIRONMEN   4.08      09/14/23      CNY      20.02
JIANGSU YIXING ENVIRONMEN   4.08      09/14/23      CNY      19.89
JIANGSU ZHONGAN CONSTRUCT   5.65      03/24/24      CNY      41.70
JIANGSU ZHONGAN CONSTRUCT   5.65      03/24/24      CNY      40.61
JIANGSU ZHUFU INDUSTRIAL    4.47      07/20/23      CNY      19.81
JIANGSU ZHUFU INDUSTRIAL    4.47      07/20/23      CNY      18.41
JIANGXI HEJI INVESTMENT C   5.09      12/17/22      CNY      20.01
JIANGXI HEJI INVESTMENT C   5.09      12/17/22      CNY      19.99
JIANGXI HUANGGANGSHAN INV   7.90      10/08/25      CNY      63.61
JIANGXI HUANGGANGSHAN INV   7.90      10/08/25      CNY      61.63
JIANGXI HUKOU SHIZHONG DE   6.80      12/01/24      CNY      41.12
JIANGXI HUKOU SHIZHONG DE   6.80      12/01/24      CNY      41.05
JIANGXI JIHU DEVELOPMENT    7.50      04/10/25      CNY      61.95
JIANGXI JIHU DEVELOPMENT    6.80      02/07/25      CNY      61.27
JIANGXI JIHU DEVELOPMENT    7.50      04/10/25      CNY      60.00
JIANGXI JIHU DEVELOPMENT    6.80      02/07/25      CNY      60.00
JIANGXI LONGHU MOUNTAIN T   4.35      03/16/23      CNY      19.98
JIANGXI LONGHU MOUNTAIN T   4.35      03/16/23      CNY      19.94
JIANGXI PINGXIANG CHANGSH   6.00      08/11/24      CNY      40.44
JIANGXI PINGXIANG CHANGSH   6.00      08/11/24      CNY      40.00
JIANGXI XIUSHUI CITY INVE   7.40      12/08/24      CNY      60.69
JIANLI FENGYUAN CITY INVE   6.78      04/28/24      CNY      40.60
JIANLI FENGYUAN CITY INVE   6.78      04/28/24      CNY      40.59
JIANYANG DEVELOPMENT HOLD   3.93      11/10/23      CNY      19.72
JIANYANG DEVELOPMENT HOLD   3.93      11/10/23      CNY      19.60
JIANYANG MODERN INDUSTRY    6.00      04/24/24      CNY      40.38
JIANYANG MODERN INDUSTRY    6.00      04/24/24      CNY      40.33
JIAXING JIAXIU DEVELOPMEN   5.60      09/25/24      CNY      41.80
JIAXING JIAXIU DEVELOPMEN   5.60      09/25/24      CNY      40.85
JIAXING XIANGJIADANG DEVE   6.40      04/19/25      CNY      61.41
JIAXING XIANGJIADANG DEVE   6.40      04/19/25      CNY      60.00
JIAXING XIANGJIADANG DEVE   4.13      07/20/23      CNY      20.06
JIAXING XIANGJIADANG DEVE   3.87      09/21/23      CNY      19.97
JIAXING XIANGJIADANG DEVE   4.13      07/20/23      CNY      19.91
JIAXING XIANGJIADANG DEVE   3.87      09/21/23      CNY      19.90
JIAXING XIUHU DEVELOPMENT   6.80      04/16/25      CNY      61.68
JIAXING XIUHU DEVELOPMENT   6.80      04/16/25      CNY      60.00
JIAYU COUNTY URBAN TOWN C   6.50      01/19/24      CNY      40.37
JIAYU COUNTY URBAN TOWN C   5.70      03/23/24      CNY      40.24
JIAYU COUNTY URBAN TOWN C   6.50      01/19/24      CNY      40.11
JIAYU COUNTY URBAN TOWN C   5.70      03/23/24      CNY      39.89
JIAYU COUNTY URBAN TOWN C   5.70      01/19/23      CNY      20.03
JIAYU COUNTY URBAN TOWN C   5.70      01/19/23      CNY      20.01
JILIN CITY CONSTRUCTION H   3.80      01/27/23      CNY      19.98
JILIN ECONOMIC AND TECHNO   6.20      04/29/23      CNY      20.10
JILIN ECONOMIC AND TECHNO   6.20      04/29/23      CNY      20.10
JIN HUA RONG SHENG INVEST   6.85      12/27/24      CNY      61.16
JIN HUA RONG SHENG INVEST   6.85      12/27/24      CNY      60.00
JINGDEZHEN CERAMIC CULTUR   7.50      08/27/25      CNY      62.44
JINGDEZHEN CERAMIC CULTUR   7.50      08/27/25      CNY      61.65
JINGJIANG BINJIANG XINCHE   5.37      07/25/24      CNY      40.41
JINGJIANG BINJIANG XINCHE   5.37      07/25/24      CNY      40.00
JINGMEN DONGBAO DISTRICT    7.30      03/23/25      CNY      62.12
JINGMEN DONGBAO DISTRICT    7.30      03/23/25      CNY      60.00
JINGMEN HIGH-TECH DEVELOP   4.15      07/28/23      CNY      19.85
JINGMEN HIGH-TECH DEVELOP   4.15      07/28/23      CNY      19.85
JINGSHAN JINGCHENG INVEST   7.00      02/07/25      CNY      61.74
JINGSHAN JINGCHENG INVEST   7.00      02/07/25      CNY      60.00
JINGSHAN JINGCHENG INVEST   4.38      08/29/23      CNY      20.01
JINGSHAN JINGCHENG INVEST   4.38      08/29/23      CNY      19.87
JINGXIAN STATED-OWNED ASS   6.80      02/09/25      CNY      60.99
JINGXIAN STATED-OWNED ASS   6.80      02/09/25      CNY      60.00
JINGZHOU DEVELOPMENT ZONE   4.87      09/23/26      CNY      57.98
JINGZHOU DEVELOPMENT ZONE   4.87      09/23/26      CNY      57.62
JINGZHOU URBAN CONSTRUCTI   5.68      07/20/24      CNY      41.70
JINGZHOU URBAN CONSTRUCTI   5.68      07/20/24      CNY      40.48
JINGZHOU URBAN CONSTRUCTI   3.97      03/10/23      CNY      20.03
JINGZHOU URBAN CONSTRUCTI   3.97      03/10/23      CNY      19.97
JINING CITY SHIZHONG DIST   3.52      09/14/23      CNY      19.89
JINING CITY SHIZHONG DIST   3.52      09/14/23      CNY      19.80
JINING HIGH TECH URBAN CO   5.88      04/25/23      CNY      40.27
JINING NEW CITY DEVELOPME   7.60      03/23/25      CNY      60.00
JINING NEW CITY DEVELOPME   7.60      03/23/25      CNY      59.92
JINING PORT & SHIPPING LI   7.00      06/01/25      CNY      67.93
JINING PORT & SHIPPING LI   7.00      11/27/24      CNY      41.17
JINKE PROPERTIES GROUP CO   6.30      02/20/25      CNY      33.00
JINKE PROPERTIES GROUP CO   6.30      06/24/25      CNY      31.00
JINKE PROPERTIES GROUP CO   6.30      03/04/25      CNY      31.00
JINKE PROPERTIES GROUP CO   6.20      01/28/25      CNY      30.50
JINKE PROPERTIES GROUP CO   5.00      05/28/24      CNY      30.00
JINKE PROPERTIES GROUP CO   6.00      07/08/23      CNY      29.10
JINKE PROPERTIES GROUP CO   6.85      05/28/24      USD      17.00
JINSHA COUNTY CONSTRUCTIO   6.01      09/05/23      CNY      20.16
JINSHA COUNTY CONSTRUCTIO   6.01      09/05/23      CNY      19.52
JINTANG MODERN AGRICULTUR   5.49      07/14/23      CNY      20.09
JINTANG MODERN AGRICULTUR   5.49      07/14/23      CNY      20.09
JINXIAN COUNTY CITY CONST   6.20      07/24/24      CNY      40.49
JINZHAI URBAN DEVELOPMENT   5.90      04/25/23      CNY      20.06
JINZHAI URBAN DEVELOPMENT   5.90      04/25/23      CNY      20.06
JINZHOU CIHANG GROUP CO L   9.00      04/05/20      CNY      33.63
JISHOU HUATAI STATE OWNED   6.50      06/21/24      CNY      40.82
JISHOU HUATAI STATE OWNED   6.50      06/21/24      CNY      40.80
JISHOU HUATAI STATE OWNED   6.45      09/11/24      CNY      40.22
JISHOU HUATAI STATE OWNED   6.45      09/11/24      CNY      40.00
JIUJIANG LIANXI DISTRICT    4.58      03/30/23      CNY      20.03
JIUJIANG LIANXI DISTRICT    4.58      03/30/23      CNY      19.98
JUNAN COUNTY URBAN CONSTR   7.50      09/26/24      CNY      41.27
JUNAN COUNTY URBAN CONSTR   7.50      09/26/24      CNY      38.00
JURONG URBAN CONSTRUCTION   6.89      09/18/24      CNY      44.84
JURONG URBAN CONSTRUCTION   6.89      09/18/24      CNY      41.00
JURONG URBAN CONSTRUCTION   6.80      11/06/24      CNY      40.95
JURONG URBAN CONSTRUCTION   6.80      11/06/24      CNY      40.00
KAIDI ECOLOGICAL AND ENVI   8.50      11/21/18      CNY      72.46
KAIDI ECOLOGICAL AND ENVI   7.00      12/15/19      CNY      10.00
KAIDI ECOLOGICAL AND ENVI   6.10      09/07/19      CNY      2.92
KAIFENG DEVELOPMENT INVES   6.10      09/08/27      CNY      72.20
KAIFENG DEVELOPMENT INVES   6.10      09/08/27      CNY      70.00
KAIFU CITY DEVELOPMENT CO   4.20      01/21/23      CNY      20.18
KAIFU CITY DEVELOPMENT CO   4.20      01/21/23      CNY      19.99
KAIFU CITY DEVELOPMENT CO   3.73      08/22/23      CNY      19.94
KAIFU CITY DEVELOPMENT CO   3.73      08/22/23      CNY      19.84
KAILI GUIZHOU TOWN CONSTR   5.29      12/17/22      CNY      20.00
KAILI GUIZHOU TOWN CONSTR   5.29      12/17/22      CNY      19.99
KAILI GUIZHOU TOWN CONSTR   4.20      10/13/23      CNY      19.44
KAILI GUIZHOU TOWN CONSTR   4.20      10/13/23      CNY      18.87
KANGMEI PHARMACEUTICAL CO   6.33      01/27/22      CNY      36.69
KANGMEI PHARMACEUTICAL CO   5.47      09/15/22      CNY      20.50
KANGMEI PHARMACEUTICAL CO   5.29      08/16/22      CNY      20.50
KANGMEI PHARMACEUTICAL CO   5.20      07/17/22      CNY      20.50
KANGMEI PHARMACEUTICAL CO   6.80      06/28/21      CNY      20.50
KANGMEI PHARMACEUTICAL CO   7.00      06/21/21      CNY      20.50
KANGMEI PHARMACEUTICAL CO   5.50      04/20/21      CNY      20.50
KANGMEI PHARMACEUTICAL CO   6.10      03/28/21      CNY      20.50
KANGMEI PHARMACEUTICAL CO   6.28      03/20/21      CNY      20.50
KUNMING DIANCHI INVESTMEN   5.75      07/24/24      CNY      37.50
KUNMING DIANCHI INVESTMEN   5.75      07/24/24      CNY      35.32
KUNSHAN CITY CONSTRUCTION   5.70      04/24/25      CNY      61.21
KUNSHAN YINQIAO HOLDING G   5.50      10/18/24      CNY      44.10
KUNSHAN YINQIAO HOLDING G   5.50      10/18/24      CNY      41.08
LAI AN URBAN INFRASTRUCTU   6.50      04/18/25      CNY      61.59
LAOHEKOU CITY CONSTRUCTIO   6.49      08/16/24      CNY      40.00
LAOHEKOU CITY CONSTRUCTIO   6.49      08/16/24      CNY      39.83
LEPING STATE-OWNED ASSETS   3.70      10/20/23      CNY      19.99
LEPING STATE-OWNED ASSETS   3.70      10/20/23      CNY      19.86
LEQING CITY STATE OWNED I   6.79      12/14/24      CNY      61.49
LEQING CITY STATE OWNED I   6.79      12/14/24      CNY      60.00
LIANYUNGANG HENGCHI INDUS   7.40      10/27/24      CNY      40.00
LIANYUNGANG HENGCHI INDUS   7.45      09/22/24      CNY      39.70
LIANYUNGANG HENGCHI INDUS   7.45      09/22/24      CNY      39.41
LIANYUNGANG HENGCHI INDUS   7.40      10/27/24      CNY      39.41
LIAOCHENG ANTAI URBAN RUR   5.16      04/11/23      CNY      20.01
LIAOCHENG ANTAI URBAN RUR   4.58      04/11/23      CNY      19.98
LIAOCHENG ANTAI URBAN RUR   4.58      04/11/23      CNY      19.98
LIAOCHENG ANTAI URBAN RUR   5.16      04/11/23      CNY      19.82
LIAOCHENG XINGYE HOLDINGS   5.20      04/13/23      CNY      19.76
LIAOCHENG XINGYE HOLDINGS   5.20      04/13/23      CNY      19.76
LIAONING GUANLONG CONSTRU   4.70      11/10/23      CNY      19.98
LIAONING GUANLONG CONSTRU   4.70      11/10/23      CNY      19.78
LILING HIGH-TECH INDUSTRI   4.93      01/19/23      CNY      19.98
LINFEN YAODU DISTRICT INV   7.50      09/19/25      CNY      63.13
LINQU YISHAN INDUSTRIAL C   7.20      11/23/24      CNY      40.07
LINQU YISHAN INDUSTRIAL C   7.20      11/23/24      CNY      40.00
LINWU SHUNFA URBAN CONSTR   7.00      08/23/24      CNY      40.18
LINWU SHUNFA URBAN CONSTR   7.00      08/23/24      CNY      40.00
LINYI CITY DEVELOPMENT GR   3.85      11/22/23      CNY      20.10
LINYI CITY DEVELOPMENT GR   3.85      11/22/23      CNY      19.83
LINYI COUNTY CITY DEVELOP   7.78      03/21/25      CNY      61.40
LINYI COUNTY CITY DEVELOP   7.78      03/21/25      CNY      60.00
LINYI ZHENDONG CONSTRUCTI   7.50      12/06/25      CNY      62.92
LINYI ZHENDONG CONSTRUCTI   7.50      12/06/25      CNY      60.00
LINYI ZHENDONG CONSTRUCTI   7.50      11/26/25      CNY      60.00
LINYI ZHENDONG CONSTRUCTI   7.50      11/26/25      CNY      59.24
LIUPANSHUI CITY TRAFFIC I   5.98      05/02/24      CNY      39.50
LIUPANSHUI DEVELOPMENT IN   3.74      01/20/23      CNY      20.00
LIUPANSHUI DEVELOPMENT IN   3.74      01/20/23      CNY      19.97
LIUPANSHUI MINSHENG INVES   5.08      01/29/23      CNY      19.76
LIUYANG MODERN MANUFACTUR   5.88      08/10/24      CNY      42.26
LIUYANG MODERN MANUFACTUR   5.88      08/10/24      CNY      40.69
LIUYANG MODERN MANUFACTUR   5.75      05/02/24      CNY      40.50
LIUYANG MODERN MANUFACTUR   5.75      05/02/24      CNY      40.39
LIUYANG MODERN MANUFACTUR   4.72      01/19/23      CNY      19.99
LIUYANG MODERN MANUFACTUR   4.72      01/19/23      CNY      19.98
LIUYANG URBAN CONSTRUCTIO   4.45      05/24/23      CNY      20.11
LIUYANG URBAN CONSTRUCTIO   4.45      05/24/23      CNY      19.97
LIUZHI SPECIAL DISTRICT W   7.00      11/16/24      CNY      41.12
LIUZHI SPECIAL DISTRICT W   7.00      11/16/24      CNY      40.00
LIUZHOU CITY INVESTMENT C   7.18      12/31/22      CNY      15.02
LIUZHOU CITY INVESTMENT C   7.18      12/31/22      CNY      14.90
LIUZHOU DONGTONG INVESTME   4.45      07/22/23      CNY      19.39
LIUZHOU DONGTONG INVESTME   4.45      07/22/23      CNY      19.19
LIUZHOU LONGJIAN INVESTME   7.00      09/21/27      CNY      70.00
LIUZHOU LONGJIAN INVESTME   7.00      09/21/27      CNY      62.96
LIUZHOU LONGJIAN INVESTME   8.28      04/30/24      CNY      29.86
LIUZHOU LONGJIAN INVESTME   8.28      04/30/24      CNY      28.80
LONGCHANG DEVELOPMENT CON   7.09      10/31/24      CNY      40.64
LONGCHANG DEVELOPMENT CON   7.09      10/31/24      CNY      40.00
LONGYAN RAILWAY CONSTRUCT   4.98      04/13/23      CNY      20.00
LONGYAN RAILWAY CONSTRUCT   4.98      04/13/23      CNY      19.99
LOUDI TIDU INVESTMENT DEV   4.83      01/20/23      CNY      20.00
LOUDI TIDU INVESTMENT DEV   4.83      01/20/23      CNY      19.99
LOUDI WANBAO NEW DISTRICT   5.13      02/01/23      CNY      20.00
LOUDI WANBAO NEW DISTRICT   4.42      08/01/23      CNY      19.95
LOUDI WANBAO NEW DISTRICT   4.42      08/01/23      CNY      19.94
LOUDI WANBAO NEW DISTRICT   5.13      02/01/23      CNY      19.94
LU'AN JIN'AN DISTRICT URB   5.95      07/24/24      CNY      40.51
LUJIANG CITY CONSTRUCTION   5.89      05/02/25      CNY      61.34
LUOYANG CITY COUNTRY CONS   4.28      04/26/23      CNY      20.10
LUOYANG CITY COUNTRY CONS   4.28      04/26/23      CNY      20.00
LUOYANG XIYUAN STATE-OWNE   7.50      11/15/25      CNY      66.50
LUOYANG XIYUAN STATE-OWNE   7.50      11/15/25      CNY      59.62
LUXI URBAN CONSTRUCTION I   6.80      10/27/24      CNY      40.33
LUXI URBAN CONSTRUCTION I   6.80      10/27/24      CNY      40.00
LUZHOU FUYANG INVESTMENT    5.00      08/11/23      CNY      19.98
LUZHOU FUYANG INVESTMENT    5.00      08/11/23      CNY      19.97
LUZHOU HUIXING INVESTMENT   6.28      10/19/24      CNY      41.16
LUZHOU HUIXING INVESTMENT   6.28      10/19/24      CNY      40.24
LUZHOU INDUSTRIAL DEVELOP   7.20      04/12/25      CNY      60.51
LUZHOU INDUSTRIAL DEVELOP   7.20      04/12/25      CNY      60.00
LUZHOU LIN GANG INVESTMEN   7.10      02/07/25      CNY      61.35
LUZHOU LIN GANG INVESTMEN   7.10      02/07/25      CNY      60.30
LUZHOU LIN GANG INVESTMEN   7.00      12/01/24      CNY      41.13
LUZHOU LIN GANG INVESTMEN   7.00      12/01/24      CNY      40.00
LUZHOU XINGLU INVESTMENT    6.41      04/23/25      CNY      46.20
LUZHOU XINGLU INVESTMENT    6.41      04/23/25      CNY      45.00
LUZHOU XINGYANG INVESTMEN   4.87      01/28/23      CNY      20.00
LUZHOU XINGYANG INVESTMEN   4.87      01/28/23      CNY      19.99
MA'ANSHAN CIHU HIGH TECHN   3.90      11/28/23      CNY      20.04
MAANSHAN NINGBO INVESTMEN   7.80      11/29/25      CNY      63.21
MAANSHAN NINGBO INVESTMEN   7.80      11/29/25      CNY      60.00
MAANSHAN NINGBO INVESTMEN   7.50      04/18/26      CNY      32.00
MAANSHAN SOUTHERN INDUSTR   4.53      07/25/23      CNY      19.98
MAANSHAN SOUTHERN INDUSTR   4.43      09/02/23      CNY      19.96
MAANSHAN SOUTHERN INDUSTR   4.53      07/25/23      CNY      19.96
MAANSHAN SOUTHERN INDUSTR   4.43      09/02/23      CNY      19.94
MAANSHAN YUSHAN CITY DEVE   5.85      09/22/24      CNY      40.46
MAANSHAN YUSHAN CITY DEVE   5.85      09/22/24      CNY      40.46
MAANSHAN YUSHAN CITY DEVE   5.62      07/31/24      CNY      40.30
MAANSHAN YUSHAN CITY DEVE   5.62      07/31/24      CNY      40.30
MA'ANSHAN ZHENGPU HARBOR    6.80      03/19/25      CNY      61.65
MA'ANSHAN ZHENGPU HARBOR    6.80      03/19/25      CNY      60.00
MA'ANSHAN ZHENGPU HARBOR    6.00      10/13/24      CNY      44.26
MA'ANSHAN ZHENGPU HARBOR    6.00      10/13/24      CNY      40.75
MEISHAN CITY DONGPO DEVEL   8.08      08/16/25      CNY      62.98
MEISHAN CITY DONGPO DEVEL   8.08      08/16/25      CNY      60.00
MEISHAN CITY DONGPO DEVEL   5.90      06/30/23      CNY      20.10
MEISHAN CITY DONGPO DEVEL   5.90      06/30/23      CNY      20.02
MEISHAN HONGDA CONSTRUCTI   4.18      03/28/23      CNY      19.91
MEISHAN HONGDA CONSTRUCTI   4.18      03/28/23      CNY      19.90
MEISHAN MINDONG DEVELOPME   6.78      08/08/24      CNY      40.17
MEISHAN MINDONG DEVELOPME   6.78      08/08/24      CNY      40.17
MEIZHOU MEI COUNTY DISTRI   5.00      12/30/22      CNY      20.01
MEIZHOU MEI COUNTY DISTRI   5.00      12/30/22      CNY      20.00
MENGCHENG COUNTY URBAN DE   5.60      09/21/24      CNY      40.51
MENGZHOU INVESTMENT AND D   8.00      11/06/25      CNY      63.35
MENGZHOU INVESTMENT AND D   8.00      09/03/25      CNY      63.01
MENGZHOU INVESTMENT AND D   8.00      11/06/25      CNY      60.00
MENGZHOU INVESTMENT AND D   8.00      09/03/25      CNY      60.00
MENGZI CITY DEVELOPMENT I   7.65      09/25/24      CNY      41.31
MENGZI CITY DEVELOPMENT I   7.65      09/25/24      CNY      41.31
MIANYANG ANZHOU INVESTMEN   8.10      05/04/25      CNY      62.52
MIANYANG ANZHOU INVESTMEN   8.10      11/22/25      CNY      62.42
MIANYANG ANZHOU INVESTMEN   8.10      11/22/25      CNY      60.00
MIANYANG ANZHOU INVESTMEN   8.10      05/04/25      CNY      59.00
MIANYANG HONGDA ASSET INV   7.20      09/29/24      CNY      41.16
MIANYANG HONGDA ASSET INV   7.20      09/29/24      CNY      40.00
MIANYANG HUIDONG INVESTME   8.10      04/28/25      CNY      62.91
MIANYANG HUIDONG INVESTME   8.10      02/10/25      CNY      61.65
MILE AGRICULTURAL INVESTM   8.00      10/25/25      CNY      59.88
MILE AGRICULTURAL INVESTM   8.00      10/25/25      CNY      59.00
MINGGUANG YUELONG INVESTM   6.54      05/03/25      CNY      61.28
MUDANJIANG LONGSHENG INVE   7.50      09/27/25      CNY      62.65
MUNICIPALITY OF SHENZHEN    3.31      01/14/27      CNY      75.00
MUNICIPALITY OF SHENZHEN    3.31      01/14/27      CNY      75.00
MUNICIPALITY OF SHENZHEN    2.80      05/19/27      CNY      74.69
MUNICIPALITY OF SHENZHEN    2.80      05/19/27      CNY      74.00
MUNICIPALITY OF SHENZHEN    2.80      05/19/27      CNY      74.00
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      71.90
MUNICIPALITY OF SHENZHEN    3.50      06/18/29      CNY      71.26
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      71.17
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      71.17
MUNICIPALITY OF SHENZHEN    3.50      06/18/29      CNY      70.00
MUNICIPALITY OF SHENZHEN    3.50      06/18/29      CNY      70.00
MUNICIPALITY OF SHENZHEN    3.34      06/18/24      CNY      67.10
MUNICIPALITY OF SHENZHEN    3.34      06/18/24      CNY      66.66
MUNICIPALITY OF SHENZHEN    3.34      06/18/24      CNY      66.66
MUNICIPALITY OF SHENZHEN    3.27      03/29/24      CNY      65.28
MUNICIPALITY OF SHENZHEN    3.27      03/29/24      CNY      65.00
MUNICIPALITY OF SHENZHEN    3.27      03/29/24      CNY      65.00
MUNICIPALITY OF SHENZHEN    3.15      01/14/25      CNY      62.67
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    3.37      03/29/26      CNY      55.20
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      54.49
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      54.49
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      50.43
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      50.00
MUNICIPALITY OF SHENZHEN    3.37      03/29/26      CNY      50.00
NANCHANG CITY CONSTRUCTIO   3.58      09/12/26      CNY      70.90
NANCHANG CITY CONSTRUCTIO   3.58      09/12/26      CNY      69.94
NANCHANG ECONOMY TECHNOLO   3.83      09/22/23      CNY      19.95
NANCHANG ECONOMY TECHNOLO   3.83      09/22/23      CNY      19.90
NANCHONG JIALING DEVELOPM   7.98      05/23/25      CNY      62.53
NANCHONG JIALING DEVELOPM   7.98      05/23/25      CNY      60.00
NANCHONG JIALING DEVELOPM   7.80      12/12/24      CNY      41.68
NANCHONG JIALING DEVELOPM   7.80      12/12/24      CNY      40.00
NANJING BAIXIA STATE-OWNE   3.98      03/29/23      CNY      20.03
NANJING BAIXIA STATE-OWNE   3.98      03/29/23      CNY      19.98
NANJING BINJIANG INVESTME   5.77      11/30/25      CNY      61.42
NANJING BINJIANG INVESTME   5.77      11/30/25      CNY      60.00
NANJING JIANGBEI NEW DIST   6.90      06/15/25      CNY      65.88
NANJING JIANGBEI NEW DIST   6.90      06/15/25      CNY      62.56
NANJING JIANGBEI NEW DIST   6.00      12/06/24      CNY      41.03
NANJING JIANGBEI NEW DIST   6.00      12/06/24      CNY      40.00
NANJING JIANGBEI NEW TOWN   5.59      09/26/24      CNY      42.50
NANJING JIANGBEI NEW TOWN   5.59      09/26/24      CNY      40.49
NANJING JIANGNING ECONOMI   7.94      04/14/24      CNY      31.24
NANJING JIANGNING URBAN C   3.48      11/11/23      CNY      19.88
NANJING JIANGNING URBAN C   3.48      11/11/23      CNY      19.81
NANJING JIANYE SCIENCE &    4.37      06/24/23      CNY      20.12
NANJING JIANYE SCIENCE &    4.37      06/24/23      CNY      19.99
NANJING LISHUI ECONOMIC A   3.41      11/09/23      CNY      19.85
NANJING LISHUI URBAN CONS   5.40      07/31/25      CNY      63.87
NANJING LISHUI URBAN CONS   5.40      07/31/25      CNY      60.55
NANJING LISHUI URBAN CONS   4.97      04/28/23      CNY      20.05
NANJING LISHUI URBAN CONS   4.97      04/28/23      CNY      20.02
NANJING METRO GROUP CO LT   4.22      11/28/23      CNY      40.63
NANJING METRO GROUP CO LT   4.22      11/28/23      CNY      40.30
NANJING METRO GROUP CO LT   3.29      08/29/23      CNY      20.03
NANJING METRO GROUP CO LT   3.29      08/29/23      CNY      20.00
NANJING PUKOU COMMUNICATI   5.46      07/19/24      CNY      40.42
NANJING QIXIA STATE-OWNED   4.10      06/24/23      CNY      19.99
NANJING QIXIA STATE-OWNED   4.10      06/24/23      CNY      19.94
NANJING STATE OWNED ASSET   5.60      03/06/23      CNY      15.04
NANLING COUNTY CONSTRUCTI   6.20      09/06/24      CNY      40.10
NANLING COUNTY CONSTRUCTI   6.20      09/06/24      CNY      40.00
NANNING HI-TECH INDUSTRIA   4.28      03/25/23      CNY      20.00
NANNING HI-TECH INDUSTRIA   3.82      10/20/23      CNY      19.83
NANNING HI-TECH INDUSTRIA   3.82      10/20/23      CNY      19.80
NANNING HI-TECH INDUSTRIA   4.28      03/25/23      CNY      15.20
NANTONG CITY TONGZHOU DIS   4.88      04/10/24      CNY      40.48
NANTONG CITY TONGZHOU DIS   3.75      07/07/23      CNY      19.95
NANTONG KAIYUAN INVESTMEN   7.25      11/29/24      CNY      40.92
NANTONG KAIYUAN INVESTMEN   7.25      11/29/24      CNY      40.90
NANTONG SHIBEI HI-TECH DE   5.98      08/07/24      CNY      40.54
NANTONG SHIBEI HI-TECH DE   5.98      08/07/24      CNY      40.44
NANTONG YUNTONG PORT DEVE   6.13      08/10/24      CNY      41.00
NANTONG YUNTONG PORT DEVE   6.13      08/10/24      CNY      40.68
NANYANG HI-TECH DEVELOPME   6.45      04/29/23      CNY      20.13
NANYANG HI-TECH DEVELOPME   6.45      04/29/23      CNY      20.04
NANZHANG COUNTY CONSTRUCT   6.00      01/20/24      CNY      40.36
NANZHANG COUNTY CONSTRUCT   6.58      10/25/24      CNY      40.00
NANZHANG COUNTY CONSTRUCT   6.00      01/20/24      CNY      39.99
NANZHANG COUNTY CONSTRUCT   6.58      10/25/24      CNY      39.90
NEIJIANG CITY XINGYUAN IN   4.28      08/16/23      CNY      19.93
NEIJIANG CITY XINGYUAN IN   4.28      08/16/23      CNY      19.92
NEIJIANG STATE-OWNED ASSE   6.20      04/12/23      CNY      20.12
NEIJIANG STATE-OWNED ASSE   6.20      04/12/23      CNY      20.01
NEIJINAG CONSTRUCTION ENG   5.03      12/25/22      CNY      20.00
NEIJINAG CONSTRUCTION ENG   5.03      12/25/22      CNY      16.36
NEOGLORY HOLDING GROUP CO   8.10      11/23/18      CNY      72.00
NEOGLORY HOLDING GROUP CO   8.00      09/25/20      CNY      60.00
NEOGLORY HOLDING GROUP CO   8.00      10/22/20      CNY      56.00
NINGGUO CITY STATE OWNED    7.14      08/07/24      CNY      40.80
NINGGUO CITY STATE OWNED    7.14      08/07/24      CNY      40.62
NINGXIA SHENG YAN INDUSTR   7.50      09/27/23      CNY      42.45
NINGXIANG CITY CONSTRUCTI   6.00      06/02/26      CNY      60.86
NINGXIANG ECONOMIC TECHNO   3.87      01/27/23      CNY      19.97
NINGXIANG STATE-OWNED ASS   4.89      06/03/23      CNY      20.03
NINGXIANG STATE-OWNED ASS   4.89      06/03/23      CNY      20.00
NINGXIANG STATE-OWNED ASS   3.88      11/02/23      CNY      19.90
NINGXIANG STATE-OWNED ASS   3.88      11/02/23      CNY      19.84
ONE BELT ONE ROAD JIANGSU   4.70      07/15/23      CNY      20.07
ONE BELT ONE ROAD JIANGSU   4.70      07/15/23      CNY      20.07
PANJIN WATER GROUP CO LTD   5.18      10/28/23      CNY      19.32
PEIXIAN ECONOMIC DEVELOPM   6.20      10/24/25      CNY      62.78
PEIXIAN STATE-OWNED ASSET   5.98      07/19/24      CNY      41.34
PEIXIAN STATE-OWNED ASSET   5.98      07/19/24      CNY      40.00
PEKING UNIVERSITY FOUNDER   6.30      03/04/24      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.50      11/16/23      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.68      08/09/23      CNY      11.00
PEKING UNIVERSITY FOUNDER   5.80      01/28/22      CNY      11.00
PEKING UNIVERSITY FOUNDER   5.99      11/02/21      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.10      08/22/21      CNY      11.00
PEKING UNIVERSITY FOUNDER   4.80      07/26/21      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.30      09/12/20      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.15      07/23/20      CNY      11.00
PEKING UNIVERSITY FOUNDER   6.20      05/31/20      CNY      11.00
PENGSHAN DEVELOPMENT HOLD   7.98      05/03/25      CNY      62.83
PENGSHAN DEVELOPMENT HOLD   7.98      05/03/25      CNY      61.59
PENGSHAN DEVELOPMENT HOLD   7.00      09/05/24      CNY      40.60
PENGSHAN DEVELOPMENT HOLD   7.00      09/05/24      CNY      40.00
PENGZE CITY DEVELOPMENT I   7.60      08/31/25      CNY      62.61
PENGZE CITY DEVELOPMENT I   7.00      04/19/25      CNY      61.59
PENGZE CITY DEVELOPMENT I   7.60      08/31/25      CNY      61.34
PENGZE CITY DEVELOPMENT I   7.00      04/19/25      CNY      60.00
PENGZHOU STATE-PENGZHOU S   3.95      10/20/23      CNY      19.54
PINGDU STATE-OWNED ASSET    6.05      07/11/25      CNY      63.40
PINGDU STATE-OWNED ASSET    6.05      07/11/25      CNY      61.43
PINGHU CITY INVESTMENT DE   5.13      04/29/23      CNY      20.08
PINGHU CITY INVESTMENT DE   5.13      04/29/23      CNY      20.01
PINGJIANG COUNTY WATER SU   6.64      06/27/26      CNY      59.02
PINGXIANG CHANGXING INVES   5.26      04/11/23      CNY      20.02
PINGXIANG CHANGXING INVES   5.26      04/11/23      CNY      19.89
PINGXIANG HUIFENG INVESTM   5.79      09/21/24      CNY      40.48
PINGXIANG HUIFENG INVESTM   5.79      09/21/24      CNY      40.41
PINGYANG STATE-OWNED ASSE   6.90      08/24/27      CNY      74.08
PINGYANG STATE-OWNED ASSE   6.90      08/24/27      CNY      70.00
PINGYANG STATE-OWNED ASSE   4.97      01/08/23      CNY      20.00
PINGYANG STATE-OWNED ASSE   4.97      01/08/23      CNY      20.00
PIZHOU ECONOMIC DEVELOPME   6.66      09/19/24      CNY      47.00
PIZHOU ECONOMIC DEVELOPME   6.66      09/19/24      CNY      40.56
POYANG INVESTMENT & DEVEL   6.53      08/08/24      CNY      40.32
POYANG INVESTMENT & DEVEL   6.53      08/08/24      CNY      40.00
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.50
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.50
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.43
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.43
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.43
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.43
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.22      09/19/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PROVINCE OF HEBEI CHINA     3.17      08/22/24      CNY      70.00
PUCHENG INVESTMENT DEVELO   6.57      08/10/24      CNY      40.61
PUCHENG INVESTMENT DEVELO   6.57      08/10/24      CNY      40.00
PUDING YELANG STATE-OWNED   8.00      03/13/25      CNY      65.00
PUDING YELANG STATE-OWNED   8.00      03/13/25      CNY      55.87
PUDING YELANG STATE-OWNED   7.79      11/13/24      CNY      41.36
PUYANG INVESTMENT GROUP C   5.18      08/17/24      CNY      40.36
PUYANG INVESTMENT GROUP C   5.18      08/17/24      CNY      40.36
QIANDONGNAN TRANSPORTATIO   5.79      12/21/22      CNY      20.00
QIANDONGNAN TRANSPORTATIO   5.79      12/21/22      CNY      19.97
QIANDONGNANZHOU KAIHONG C   5.30      09/22/26      CNY      48.86
QIANDONGNANZHOU KAIHONG C   5.30      09/22/26      CNY      47.12
QIANJIANG URBAN CONSTRUCT   5.19      12/21/22      CNY      20.01
QIANJIANG URBAN CONSTRUCT   5.19      12/21/22      CNY      20.00
QIANNAN AUTONOMOUS PREFEC   6.99      04/19/24      CNY      38.89
QIANNAN AUTONOMOUS PREFEC   6.99      04/19/24      CNY      38.89
QIANNAN AUTONOMOUS PREFEC   6.98      07/06/24      CNY      38.66
QIANNAN AUTONOMOUS PREFEC   6.98      07/06/24      CNY      38.65
QIANNANZHOU INVESTMENT CO   8.00      01/02/26      CNY      69.80
QIANNANZHOU INVESTMENT CO   6.77      07/28/24      CNY      40.77
QIANSHAN CITY QIANRUN INV   6.98      01/19/25      CNY      61.66
QIANSHAN CITY QIANRUN INV   6.98      01/19/25      CNY      60.00
QIANXINAN AUTONOMOUS REGI   5.90      06/22/23      CNY      20.10
QIANXINAN AUTONOMOUS REGI   5.90      06/22/23      CNY      19.82
QICHUN COUNTY CONSTRUCTIO   4.96      10/18/23      CNY      20.08
QICHUN COUNTY CONSTRUCTIO   4.96      10/18/23      CNY      19.97
QIDONG STATE-OWNED ASSET    4.00      03/09/23      CNY      20.19
QIDONG STATE-OWNED ASSET    4.00      03/09/23      CNY      19.98
QIDONG URBAN CONSTRUCTION   5.25      08/16/24      CNY      41.00
QIDONG URBAN CONSTRUCTION   5.25      08/16/24      CNY      40.48
QIHE CITY OPERATION CONST   5.10      03/07/23      CNY      20.01
QIHE CITY OPERATION CONST   5.10      03/07/23      CNY      19.83
QINGDAO CHANGYANG INVESTM   3.73      09/12/23      CNY      19.79
QINGDAO CHANGYANG INVESTM   3.73      09/12/23      CNY      19.70
QINGDAO CHINA PROSPERITY    6.08      11/05/25      CNY      61.72
QINGDAO CONSON DEVELOPMEN   6.40      12/12/22      CNY      15.07
QINGDAO CONSON DEVELOPMEN   6.40      12/12/22      CNY      15.00
QINGDAO HAIFA STATE-OWNED   6.28      04/04/25      CNY      65.25
QINGDAO HAIFA STATE-OWNED   6.28      04/04/25      CNY      61.41
QINGDAO HAIFA STATE-OWNED   4.26      06/06/23      CNY      20.09
QINGDAO HAIFA STATE-OWNED   4.26      06/06/23      CNY      19.95
QINGDAO JIMO DISTRICT URB   6.27      10/15/25      CNY      61.68
QINGDAO JIMO DISTRICT URB   6.27      10/15/25      CNY      60.00
QINGDAO JIMO DISTRICT URB   5.35      07/10/24      CNY      41.20
QINGDAO JIMO DISTRICT URB   5.35      07/10/24      CNY      40.34
QINGDAO OCEAN INVESTMENT    4.36      05/12/23      CNY      20.06
QINGDAO OCEAN INVESTMENT    4.36      05/12/23      CNY      19.95
QINGDAO SHAOHAI INVESTMEN   6.47      10/31/24      CNY      61.08
QINGDAO SHAOHAI INVESTMEN   6.47      10/31/24      CNY      40.82
QINGHAI PROVINCIAL INVEST   7.25      02/22/20      USD      28.90
QINGHAI PROVINCIAL INVEST   7.88      03/22/21      USD      20.02
QINGHAI PROVINCIAL INVEST   6.40      07/10/21      USD      20.02
QINGZHOU CITY CONSTRUCTIO   6.40      07/10/24      CNY      40.00
QINGZHOU CITY CONSTRUCTIO   6.80      08/25/24      CNY      38.94
QINGZHOU CITY CONSTRUCTIO   6.40      07/10/24      CNY      38.45
QINGZHOU CITY CONSTRUCTIO   6.80      08/25/24      CNY      38.00
QINHUANGDAO CITY DEVELOPM   4.69      04/14/23      CNY      20.08
QINHUANGDAO CITY DEVELOPM   4.69      04/14/23      CNY      19.97
QINHUANGDAO DEVELOPMENT Z   4.07      08/26/23      CNY      19.90
QINHUANGDAO DEVELOPMENT Z   4.07      08/26/23      CNY      19.89
QUANJIAO URBAN INFRASTRUC   5.10      05/18/23      CNY      20.06
QUANJIAO URBAN INFRASTRUC   5.10      05/18/23      CNY      20.04
QUJING ECO TECH DEVELOPME   5.75      06/01/23      CNY      20.08
QUJING ECO TECH DEVELOPME   5.75      06/01/23      CNY      20.08
RED STAR MACALLINE HOLDIN   6.50      11/07/24      CNY      29.05
RENHUAI CITY DEVELOPMENT    5.12      04/14/23      CNY      20.04
RENHUAI CITY DEVELOPMENT    5.12      04/14/23      CNY      19.79
RENHUAI WATER INVESTMENT    7.98      07/26/25      CNY      62.75
RENHUAI WATER INVESTMENT    7.98      02/24/25      CNY      58.82
RENSHOU DEVELOPMENT OF IN   6.42      12/22/22      CNY      20.01
RENSHOU DEVELOPMENT OF IN   6.42      12/22/22      CNY      20.00
REWARD SCIENCE AND TECHNO   6.40      03/03/22      CNY      70.00
REWARD SCIENCE AND TECHNO   5.53      07/05/21      CNY      29.10
RONGCHENG ECONOMIC DEVELO   5.75      04/24/25      CNY      62.79
RONGCHENG ECONOMIC DEVELO   5.75      04/24/25      CNY      61.10
RONGQIAO GROUP CO LTD       6.50      06/03/23      CNY      64.00
RONGXIN FUJIAN INVESTMENT   6.78      07/03/24      CNY      72.80
RONGXIN FUJIAN INVESTMENT   6.45      07/03/23      CNY      67.50
RONGXIN FUJIAN INVESTMENT   5.60      07/27/23      CNY      33.00
RONGXIN FUJIAN INVESTMENT   5.42      08/19/24      CNY      31.00
RUCHENG COUNTY URBAN CONS   5.69      02/23/24      CNY      50.44
RUCHENG COUNTY URBAN CONS   5.69      02/23/24      CNY      50.43
RUDONG COUNTY JINXIN TRAN   3.80      07/26/23      CNY      20.00
RUDONG COUNTY JINXIN TRAN   4.57      07/26/23      CNY      19.98
RUDONG COUNTY JINXIN TRAN   3.80      07/26/23      CNY      19.94
RUDONG COUNTY JINXIN TRAN   4.57      07/26/23      CNY      19.92
RUDONG COUNTY KAITAI CITY   4.57      01/08/23      CNY      20.01
RUDONG NEW WORLD INVESTME   4.37      07/18/23      CNY      19.99
RUDONG NEW WORLD INVESTME   4.37      07/18/23      CNY      19.88
RUGAO ECONOMIC & TRADE DE   3.95      03/24/23      CNY      20.04
RUGAO ECONOMIC & TRADE DE   3.95      03/24/23      CNY      19.97
RUGAO TRAFFIC INDUSTRY GR   3.74      03/23/23      CNY      20.00
RUGAO TRAFFIC INDUSTRY GR   3.74      03/23/23      CNY      19.98
RUIAN STATE OWNED ASSET I   4.56      01/27/23      CNY      20.00
RUIAN STATE OWNED ASSET I   4.56      01/27/23      CNY      19.99
RUICHANG CITY INVESTMENT    5.50      06/17/23      CNY      20.06
RUICHANG CITY INVESTMENT    5.68      03/25/23      CNY      20.02
RUIJIN URBAN DEVELOPMENT    4.13      09/06/23      CNY      19.99
RUIJIN URBAN DEVELOPMENT    4.13      09/06/23      CNY      19.79
RUSHAN INDUSTRIAL INVESTM   7.40      06/07/25      CNY      64.24
RUSHAN INDUSTRIAL INVESTM   7.40      06/07/25      CNY      62.36
RUZHOU CITY XINYUAN INVES   4.43      09/26/23      CNY      19.94
RUZHOU CITY XINYUAN INVES   4.43      09/26/23      CNY      19.34
SANMING INVESTMENT DEVELO   5.10      04/17/24      CNY      41.00
SANMING INVESTMENT DEVELO   5.10      04/17/24      CNY      40.26
SANMING TRANSPORTATION CO   3.68      03/29/23      CNY      19.95
SHAANXI XIXIAN NEW AREA A   5.10      06/06/23      CNY      19.91
SHAANXI XIXIAN NEW AREA A   5.10      06/06/23      CNY      19.86
SHAANXI XIXIAN NEW AREA F   7.10      08/23/24      CNY      40.98
SHAANXI XIXIAN NEW AREA F   7.10      08/23/24      CNY      39.79
SHAANXI XIXIAN NEW AREA J   6.67      08/23/24      CNY      43.20
SHAANXI XIXIAN NEW AREA J   6.67      08/23/24      CNY      40.79
SHANDONG RUYI TECHNOLOGY    7.90      09/18/23      CNY      52.10
SHANGHAI MUNICIPAL INVEST   4.80      11/05/24      CNY      30.49
SHANGHAI MUNICIPAL INVEST   4.80      11/05/24      CNY      30.00
SHANGHAI POWERLONG INDUST   6.60      01/11/26      CNY      43.00
SHANGHAI POWERLONG INDUST   6.50      08/27/23      CNY      34.00
SHANGHAI SHIMAO CO LTD      3.70      04/26/23      CNY      60.00
SHANGHAI SHIMAO CO LTD      4.15      05/22/23      CNY      47.70
SHANGHAI SHIMAO CO LTD      3.76      07/07/24      CNY      34.16
SHANGHAI SHIMAO CO LTD      4.24      10/21/23      CNY      34.00
SHANGHAI SHIMAO CO LTD      3.60      03/05/23      CNY      31.07
SHANGHAI SHIMAO CO LTD      3.99      09/01/24      CNY      28.56
SHANGHAI SHIMAO CO LTD      5.50      05/06/23      CNY      26.50
SHANGHAI SHIMAO CO LTD      5.15      03/16/23      CNY      26.50
SHANGHAI SHIMAO CO LTD      4.12      01/09/23      CNY      26.50
SHANGHAI SHIMAO CO LTD      3.94      09/24/24      CNY      24.00
SHANGHAI SHIMAO JIANSHE C   4.30      09/19/24      CNY      29.99
SHANGHAI SHIMAO JIANSHE C   3.20      05/11/25      CNY      26.30
SHANGHAI SHIMAO JIANSHE C   3.23      03/25/25      CNY      26.00
SHANGHAI SHIMAO JIANSHE C   3.90      03/25/27      CNY      21.91
SHANGHAI SHIMAO JIANSHE C   3.90      08/27/25      CNY      21.59
SHANGHAI SHIMAO JIANSHE C   4.30      11/11/24      CNY      17.00
SHANGHAI SHIMAO JIANSHE C   4.15      10/16/24      CNY      15.95
SHANGHAI SHIMAO JIANSHE C   4.80      11/11/26      CNY      14.50
SHANGHAI URBAN CONSTRUCTI   3.50      01/06/23      CNY      20.07
SHANGHAI URBAN CONSTRUCTI   3.50      01/06/23      CNY      20.00
SHANGLI INVESTMENT CO       7.50      06/01/25      CNY      62.14
SHANGLI INVESTMENT CO       7.50      06/01/25      CNY      59.72
SHANGRAO CITY STATE-OWNED   4.65      01/29/23      CNY      20.03
SHANGRAO CITY STATE-OWNED   4.65      01/29/23      CNY      19.99
SHANGRAO GUANGXIN URBAN C   7.95      07/24/25      CNY      60.96
SHANGRAO GUANGXIN URBAN C   7.95      07/24/25      CNY      60.83
SHANTOU INVESTMENT HOLDIN   7.99      03/04/24      CNY      31.10
SHANTOU INVESTMENT HOLDIN   7.99      03/04/24      CNY      30.73
SHANWEI INVESTMENT HOLDIN   5.68      11/09/24      CNY      42.15
SHANWEI INVESTMENT HOLDIN   5.68      11/09/24      CNY      40.71
SHAODONG NEW AREA DEVELOP   7.10      04/19/24      CNY      40.72
SHAODONG NEW AREA DEVELOP   7.10      04/19/24      CNY      40.72
SHAOGUAN URBAN INVESTMENT   3.67      10/25/24      CNY      39.47
SHAOGUAN URBAN INVESTMENT   3.67      10/25/24      CNY      39.45
SHAOSHAN HI-TECH CONSTRUC   8.00      05/02/25      CNY      61.04
SHAOSHAN HI-TECH CONSTRUC   8.00      05/02/25      CNY      60.86
SHAOXING KEQIAO CITY CONS   5.74      08/03/24      CNY      40.54
SHAOXING KEQIAO CITY CONS   5.74      08/03/24      CNY      40.00
SHAOXING KEQIAO CITY CONS   3.64      09/19/23      CNY      20.05
SHAOXING KEQIAO CITY CONS   3.64      09/19/23      CNY      19.85
SHAOXING KEYAN CONSTRUCTI   5.88      12/04/25      CNY      65.00
SHAOXING KEYAN CONSTRUCTI   5.88      12/04/25      CNY      61.95
SHAOXING SHANGYU ECONOMIC   4.76      04/11/23      CNY      20.07
SHAOXING SHANGYU ECONOMIC   4.76      04/11/23      CNY      20.04
SHAOYANG BAOQING INDUSTRI   5.78      07/04/26      CNY      54.23
SHAOYANG CITY CONSTRUCTIO   5.98      09/01/24      CNY      40.58
SHAOYANG CITY CONSTRUCTIO   5.98      09/01/24      CNY      40.00
SHAOYANG DULIANG INVESTME   5.50      04/13/23      CNY      20.04
SHAOYANG DULIANG INVESTME   5.50      04/13/23      CNY      19.87
SHAOYANG SAISHUANGQING CO   8.00      11/28/25      CNY      63.51
SHAOYANG SAISHUANGQING CO   7.20      03/26/25      CNY      60.96
SHAOYANG SAISHUANGQING CO   8.00      11/28/25      CNY      60.00
SHAOYANG SAISHUANGQING CO   7.20      03/26/25      CNY      60.00
SHEHONG STATE OWNED ASSET   7.50      08/22/25      CNY      62.97
SHEHONG STATE OWNED ASSET   7.60      10/25/25      CNY      61.90
SHEHONG STATE OWNED ASSET   7.30      12/14/24      CNY      61.69
SHEHONG STATE OWNED ASSET   7.60      10/22/25      CNY      60.12
SHEHONG STATE OWNED ASSET   7.60      10/25/25      CNY      60.00
SHEHONG STATE OWNED ASSET   7.60      10/22/25      CNY      60.00
SHEHONG STATE OWNED ASSET   7.50      08/22/25      CNY      60.00
SHEHONG STATE OWNED ASSET   7.30      12/14/24      CNY      60.00
SHENGZHOU INVESTMENT HOLD   5.35      07/20/24      CNY      40.41
SHENWU ENVIRONMENTAL TECH   9.00      03/14/19      CNY      1.50
SHENZHEN LOGAN HOLDINGS C   5.50      06/19/23      CNY      29.00
SHENZHEN LOGAN HOLDINGS C   4.90      03/25/25      CNY      21.07
SHENZHEN LOGAN HOLDINGS C   4.69      07/24/25      CNY      20.50
SHENZHEN LOGAN HOLDINGS C   4.80      06/24/25      CNY      19.90
SHENZHEN LOGAN HOLDINGS C   4.70      08/23/25      CNY      19.50
SHENZHEN LOGAN HOLDINGS C   4.80      09/14/25      CNY      19.00
SHENZHEN LOGAN HOLDINGS C   5.09      11/18/24      CNY      19.00
SHENZHEN LOGAN HOLDINGS C   4.80      01/08/25      CNY      18.50
SHENZHEN METRO GROUP CO L   6.75      01/24/24      CNY      30.42
SHENZHEN METRO GROUP CO L   5.40      03/25/23      CNY      15.05
SHENZHEN METRO GROUP CO L   5.40      03/25/23      CNY      15.00
SHEYANG URBAN CONSTRUCTIO   7.80      11/27/24      CNY      41.61
SHEYANG URBAN CONSTRUCTIO   7.80      11/27/24      CNY      40.44
SHIFANG CITY NATIONAL OWN   8.00      12/05/25      CNY      63.44
SHIFANG CITY NATIONAL OWN   8.00      12/05/25      CNY      60.00
SHIJIAZHUANG HUTUO NEW DI   5.28      12/24/25      CNY      45.61
SHIJIAZHUANG HUTUO NEW DI   5.28      12/24/25      CNY      45.00
SHINSUN REAL ESTATE GROUP   7.70      03/02/23      CNY      55.03
SHISHOU BOYA CITY CONSTRU   6.98      06/15/24      CNY      40.78
SHIYAN ECO DEVELOPMENT ZO   3.98      08/05/23      CNY      19.90
SHIYAN ECO DEVELOPMENT ZO   3.98      08/05/23      CNY      19.84
SHIYAN HANJIANG STAR CONS   6.40      07/10/24      CNY      40.52
SHIYAN STATE-OWNED CAPITA   4.88      01/11/26      CNY      60.24
SHIYAN STATE-OWNED CAPITA   4.88      01/11/26      CNY      60.13
SHIZHU TUJIA HONGSHENG EC   7.00      11/13/24      CNY      41.15
SHIZHU TUJIA HONGSHENG EC   7.00      11/13/24      CNY      32.00
SHOU COUNTY STATE-OWNED A   6.20      10/13/24      CNY      40.23
SHOU COUNTY STATE-OWNED A   6.20      10/13/24      CNY      40.00
SHOUGUANG HUINONG NEW RUR   6.50      10/16/27      CNY      75.45
SHUCHENG COUNTY URBAN CON   5.50      04/29/23      CNY      20.11
SHUCHENG COUNTY URBAN CON   5.50      04/29/23      CNY      20.09
SHUOZHOU INVESTMENT CONST   7.50      10/23/25      CNY      82.81
SHUOZHOU INVESTMENT CONST   7.50      10/23/25      CNY      62.75
SICHUAN CHENG'A DEVELOPME   7.25      01/28/24      CNY      70.37
SICHUAN CHENG'A DEVELOPME   7.50      11/29/24      CNY      41.57
SICHUAN CHENG'A DEVELOPME   7.50      11/06/24      CNY      41.54
SICHUAN CHENG'A DEVELOPME   7.50      11/29/24      CNY      40.00
SICHUAN CHENG'A DEVELOPME   7.50      11/06/24      CNY      40.00
SICHUAN COAL GASIFICATION   7.00      04/18/23      CNY      20.14
SICHUAN COAL INDUSTRY GRO   7.70      01/09/18      CNY      45.00
SICHUAN JINCAI JINXIN INV   7.08      07/31/24      CNY      40.92
SICHUAN JINCAI JINXIN INV   7.08      07/31/24      CNY      40.92
SICHUAN LANGUANG DEVELOPM   7.50      07/23/22      CNY      42.00
SICHUAN LANGUANG DEVELOPM   7.40      09/14/21      CNY      30.45
SICHUAN LANGUANG DEVELOPM   7.15      03/16/23      CNY      24.00
SICHUAN LANGUANG DEVELOPM   7.20      05/11/23      CNY      12.63
SICHUAN LANGUANG DEVELOPM   7.20      03/11/23      CNY      12.63
SICHUAN LANGUANG DEVELOPM   7.00      10/26/22      CNY      12.63
SICHUAN LANGUANG DEVELOPM   7.00      09/29/22      CNY      12.63
SICHUAN LANGUANG DEVELOPM   7.50      08/12/21      CNY      12.63
SICHUAN LANGUANG DEVELOPM   6.50      07/29/21      CNY      12.63
SICHUAN LANGUANG DEVELOPM   7.50      07/11/21      CNY      12.63
SICHUAN LANGZHONG FAMOUS    5.60      04/19/23      CNY      20.05
SICHUAN LANGZHONG FAMOUS    5.60      04/19/23      CNY      19.98
SICHUAN LONGYANG TIANFU N   5.45      05/27/23      CNY      20.08
SICHUAN LONGYANG TIANFU N   5.45      05/27/23      CNY      19.98
SICHUAN NAXING INDUSTRIAL   4.68      03/31/23      CNY      20.03
SICHUAN NAXING INDUSTRIAL   4.68      03/31/23      CNY      19.82
SICHUAN QINBA NEWCITY INV   6.91      07/25/24      CNY      40.84
SICHUAN QINBA NEWCITY INV   6.68      07/07/24      CNY      40.00
SICHUAN QINBA NEWCITY INV   6.91      07/25/24      CNY      39.80
SICHUAN QINBA NEWCITY INV   6.68      07/07/24      CNY      39.41
SICHUAN RENSHOU XINLONG W   7.00      06/27/24      CNY      40.84
SIHUI STATE OWNED ASSETS    4.59      01/14/23      CNY      20.00
SIHUI STATE OWNED ASSETS    4.59      01/14/23      CNY      19.99
SINO-OCEAN CAPITAL          5.30      09/09/23      CNY      45.00
SINO-OCEAN CAPITAL          5.30      06/10/24      CNY      30.00
SINO-OCEAN HOLDING GROUP    4.60      01/21/24      CNY      64.80
SINO-OCEAN HOLDING GROUP    4.59      03/20/26      CNY      62.05
SINO-OCEAN HOLDING GROUP    4.20      05/12/26      CNY      60.00
SINO-OCEAN HOLDING GROUP    4.76      10/19/25      CNY      53.10
SINO-OCEAN HOLDING GROUP    4.06      09/27/26      CNY      52.77
SINO-OCEAN HOLDING GROUP    5.00      08/19/25      CNY      52.00
SIXIAN CITY CONSCTRUCTION   6.50      04/16/25      CNY      61.59
SIXIAN CITY CONSCTRUCTION   6.50      04/16/25      CNY      60.00
SIYANG COUNTY MINKANG RUR   7.40      07/31/24      CNY      41.08
SIYANG COUNTY MINKANG RUR   7.40      07/31/24      CNY      41.07
SIYANG COUNTY MINKANG RUR   4.94      01/21/23      CNY      20.56
SIYANG COUNTY MINKANG RUR   4.94      01/21/23      CNY      20.01
SIYANG JIADING INDUSTRIAL   7.50      04/27/25      CNY      62.03
SIYANG JIADING INDUSTRIAL   7.50      04/27/25      CNY      62.02
SUINING COUNTY RUNQI INVE   6.78      11/02/24      CNY      41.30
SUINING COUNTY RUNQI INVE   6.78      11/02/24      CNY      41.07
SUINING FUYUAN INDUSTRY C   5.34      12/02/23      CNY      20.09
SUINING FUYUAN INDUSTRY C   5.34      12/02/23      CNY      19.59
SUINING KAIDA INVESTMENT    4.89      04/08/23      CNY      19.80
SUINING KAIDA INVESTMENT    4.89      04/08/23      CNY      19.78
SUINING ROUGANG INVESTMEN   6.80      08/02/24      CNY      40.76
SUINING ROUGANG INVESTMEN   6.80      08/02/24      CNY      40.76
SUINING ROUGANG INVESTMEN   5.65      01/24/24      CNY      40.14
SUINING TIANTAI INDUSTRIA   6.80      11/01/24      CNY      51.24
SUINING TIANTAI INDUSTRIA   6.80      11/01/24      CNY      50.00
SUINING TIANTAI INDUSTRIA   5.98      03/28/24      CNY      40.30
SUINING TIANTAI INDUSTRIA   5.98      03/28/24      CNY      40.29
SUIZHOU DEVELOPMENT INVES   5.97      09/15/24      CNY      41.02
SUIZHOU DEVELOPMENT INVES   5.70      04/07/24      CNY      40.80
SUIZHOU DEVELOPMENT INVES   5.70      04/07/24      CNY      40.22
SUIZHOU DEVELOPMENT INVES   5.97      09/15/24      CNY      40.00
SUIZHOU HIGH-TECH INDUSTR   4.47      03/25/23      CNY      19.98
SUIZHOU HIGH-TECH INDUSTR   4.47      03/25/23      CNY      19.95
SUNAC REAL ESTATE GROUP C   4.78      09/30/23      CNY      35.55
SUNAC REAL ESTATE GROUP C   6.80      08/16/24      CNY      28.00
SUNAC REAL ESTATE GROUP C   6.48      09/11/23      CNY      15.33
SUNAC REAL ESTATE GROUP C   5.60      05/27/25      CNY      15.02
SUNAC REAL ESTATE GROUP C   6.80      01/19/25      CNY      15.00
SUNAC REAL ESTATE GROUP C   7.00      04/02/25      CNY      14.97
SUNING APPLIANCE GROUP CO   7.30      05/10/23      CNY      49.31
SUNING APPLIANCE GROUP CO   7.30      01/29/23      CNY      48.43
SUNING APPLIANCE GROUP CO   7.30      06/16/23      CNY      43.36
SUNING APPLIANCE GROUP CO   7.30      06/28/23      CNY      21.60
SUNSHINE KAIDI NEW ENERGY   6.80      06/02/21      CNY      1.00
SUQIAN CITY CONSTRUCTION    6.44      12/26/24      CNY      61.17
SUQIAN CITY CONSTRUCTION    6.44      12/26/24      CNY      61.14
SUQIAN CITY CONSTRUCTION    5.30      07/11/24      CNY      40.32
SUQIAN CITY CONSTRUCTION    5.30      07/11/24      CNY      40.32
SUQIAN ECONOMIC DEVELOPME   5.40      04/20/24      CNY      41.88
SUQIAN ECONOMIC DEVELOPME   5.40      04/20/24      CNY      40.43
SUQIAN HI-TECH DEVELOPMEN   6.49      10/17/25      CNY      62.16
SUQIAN HI-TECH DEVELOPMEN   6.49      10/17/25      CNY      60.00
SUQIAN HI-TECH DEVELOPMEN   6.97      07/20/25      CNY      60.00
SUQIAN HUBIN XINCHENG INV   6.93      08/25/24      CNY      40.91
SUQIAN HUBIN XINCHENG INV   6.85      08/02/24      CNY      40.82
SUQIAN YUFENG ASSET MANAG   5.50      04/21/24      CNY      44.26
SUQIAN YUFENG ASSET MANAG   5.50      04/21/24      CNY      40.19
SUZHOU CITY CONSTRUCTION    3.89      03/24/23      CNY      20.01
SUZHOU CITY CONSTRUCTION    3.89      03/24/23      CNY      19.96
SUZHOU CITY HENGCHENG CON   4.40      03/01/23      CNY      20.01
SUZHOU CITY HENGCHENG CON   4.40      03/01/23      CNY      19.97
SUZHOU GAOXIN TOURISM IND   5.20      10/27/23      CNY      50.99
SUZHOU MAANSHAN INVESTMEN   6.10      08/03/24      CNY      40.75
SUZHOU MAANSHAN INVESTMEN   6.10      08/03/24      CNY      40.48
SUZHOU MUDU URBAN RURAL I   4.94      04/16/24      CNY      71.70
SUZHOU MUDU URBAN RURAL I   4.94      04/16/24      CNY      70.56
SUZHOU NEW & HIGH-TECH IN   4.18      03/23/23      CNY      19.96
SUZHOU NEW & HIGH-TECH IN   4.18      03/23/23      CNY      19.95
SUZHOU NEW AREA CONSTRUCT   5.98      08/04/24      CNY      40.33
SUZHOU NEW AREA CONSTRUCT   5.98      08/04/24      CNY      40.00
SUZHOU WUZHONG CITY CONST   6.50      02/01/25      CNY      61.15
SUZHOU WUZHONG CITY CONST   6.50      02/01/25      CNY      60.00
SUZHOU WUZHONG CITY CONST   5.90      11/06/24      CNY      40.68
SUZHOU WUZHONG CITY CONST   5.90      11/06/24      CNY      40.00
SUZHOU WUZHONG GUOTAI DEV   6.40      08/23/27      CNY      74.13
SUZHOU WUZHONG GUOTAI DEV   6.40      08/23/27      CNY      70.00
TAHOE GROUP CO LTD          7.50      10/10/20      CNY      29.60
TAHOE GROUP CO LTD          7.50      08/15/20      CNY      29.00
TAHOE GROUP CO LTD          8.50      08/02/21      CNY      25.00
TAHOE GROUP CO LTD          6.00      05/25/21      CNY      10.00
TAHOE GROUP CO LTD          7.20      05/25/21      CNY      5.00
TAIAN TAISHAN HOLDINGS CO   5.50      04/26/23      CNY      20.05
TAIAN TAISHAN HOLDINGS CO   5.50      04/26/23      CNY      20.05
TAIHE STATE OWN ASSET INV   5.87      08/07/24      CNY      43.35
TAIHE STATE OWN ASSET INV   5.87      08/07/24      CNY      40.81
TAIXING XINGHUANG INVESTM   8.50      11/15/25      CNY      63.96
TAIXING XINGHUANG INVESTM   8.50      11/15/25      CNY      61.08
TAIZHOU CITY CONSTRUCTION   6.92      10/16/23      CNY      15.34
TAIZHOU CITY HUANGYAN DIS   6.22      09/14/24      CNY      41.50
TAIZHOU CITY HUANGYAN DIS   6.10      08/01/24      CNY      41.13
TAIZHOU CITY HUANGYAN DIS   6.22      09/14/24      CNY      41.07
TAIZHOU CITY HUANGYAN DIS   6.10      08/01/24      CNY      41.02
TAIZHOU FENGCHENGHE CONST   5.48      11/07/25      CNY      63.20
TAIZHOU FENGCHENGHE CONST   7.90      12/29/24      CNY      61.93
TAIZHOU FENGCHENGHE CONST   5.48      11/07/25      CNY      61.23
TAIZHOU FENGCHENGHE CONST   7.90      12/29/24      CNY      60.00
TAIZHOU GAOGANG HI-TECH D   5.54      06/22/24      CNY      40.54
TAIZHOU HAILING CITY DEVE   4.60      12/14/22      CNY      20.17
TAIZHOU HAILING CITY DEVE   4.60      12/14/22      CNY      20.01
TAIZHOU JINDONG URBAN CON   5.10      06/02/23      CNY      20.04
TAIZHOU JINDONG URBAN CON   5.10      06/02/23      CNY      19.96
TAIZHOU XINTAI GROUP CO L   4.07      03/23/23      CNY      20.02
TAIZHOU XINTAI GROUP CO L   4.07      03/23/23      CNY      19.95
TANGSHAN FINANCIAL HOLDIN   7.60      05/16/25      CNY      56.72
TAOYUAN COUNTY ECONOMIC D   8.20      09/06/25      CNY      63.65
TAOYUAN COUNTY ECONOMIC D   8.20      09/06/25      CNY      60.00
TAOYUAN COUNTY ECONOMIC D   7.00      12/08/24      CNY      40.43
TAOYUAN COUNTY ECONOMIC D   7.00      12/08/24      CNY      40.00
TEMPUS GROUP CO LTD         7.50      06/07/20      CNY      12.00
TIANGUANG ZHONGMAO CO LTD   6.00      10/27/21      CNY      16.88
TIANJIN BOHAI STATE-OWNED   4.10      04/18/26      CNY      59.56
TIANJIN BOHAI STATE-OWNED   3.82      04/18/23      CNY      19.96
TIANJIN BOHAI STATE-OWNED   3.82      04/18/23      CNY      19.70
TIANJIN DONGFANG CAIXIN I   6.00      07/09/25      CNY      61.38
TIANJIN INFRASTRUCTURE CO   5.70      02/26/23      CNY      15.04
TIANJIN INFRASTRUCTURE CO   5.70      02/26/23      CNY      15.00
TIANJIN METRO GROUP CO LT   4.27      10/16/25      CNY      49.00
TIANJIN METRO GROUP CO LT   4.27      10/16/25      CNY      44.83
TIANJIN NINGHE INVESTMENT   5.50      04/22/23      CNY      20.05
TIANJIN NINGHE INVESTMENT   5.50      04/22/23      CNY      19.89
TIANJIN RAILWAY CONSTRUCT   5.58      04/13/25      CNY      44.77
TIANJIN REAL ESTATE GROUP   4.50      09/29/20      USD      73.82
TIANJIN REAL ESTATE GROUP   7.70      03/16/21      CNY      21.49
TIANJIN STATE-OWNED CAPIT   0.15      12/17/26      USD      22.04
TIANJIN STATE-OWNED CAPIT   1.60      12/17/39      USD      21.08
TIANJIN STATE-OWNED CAPIT   1.55      12/17/29      USD      20.00
TIANMEN CITY CONSTRUCTION   3.98      11/15/23      CNY      19.84
TIANMEN CITY CONSTRUCTION   3.98      11/15/23      CNY      19.66
TONGCHENG CITY CONSTRUCTI   7.50      07/23/25      CNY      62.38
TONGCHENG CITY CONSTRUCTI   6.60      12/18/24      CNY      60.34
TONGCHENG CITY CONSTRUCTI   7.50      07/23/25      CNY      60.00
TONGCHENG CITY CONSTRUCTI   6.60      12/18/24      CNY      60.00
TONGLING CONSTRUCTION INV   5.80      08/16/24      CNY      42.07
TONGLING CONSTRUCTION INV   5.77      07/31/24      CNY      40.91
TONGLING CONSTRUCTION INV   5.80      08/16/24      CNY      40.70
TONGLING CONSTRUCTION INV   5.77      07/31/24      CNY      40.00
TONGLING CONSTRUCTION INV   4.12      03/14/23      CNY      20.03
TONGLING CONSTRUCTION INV   4.12      03/14/23      CNY      20.00
TONGLING STATE-OWNED CAPI   7.00      11/14/24      CNY      70.82
TONGXIANG CHONGDE INVESTM   7.88      11/29/25      CNY      63.35
TONGXIANG CHONGDE INVESTM   7.88      11/29/25      CNY      60.00
TSINGHUA UNIGROUP CO LTD    6.00      08/14/22      CNY      25.50
TSINGHUA UNIGROUP CO LTD    6.15      12/26/21      CNY      25.50
TSINGHUA UNIGROUP CO LTD    6.20      03/16/21      CNY      25.50
TSINGHUA UNIGROUP CO LTD    5.60      11/15/20      CNY      25.50
TSINGHUA UNIGROUP CO LTD    5.11      01/25/24      CNY      16.88
TSINGHUA UNIGROUP CO LTD    5.20      12/10/23      CNY      16.88
TSINGHUA UNIGROUP CO LTD    5.85      03/27/22      CNY      16.88
TUNGHSU GROUP CO LTD        8.18      10/25/21      CNY      22.00
TUNGHSU OPTOELECTRONIC TE   6.80      05/19/20      CNY      15.00
URUMQI ECO TECH DEVELOPME   7.50      10/19/25      CNY      60.88
URUMQI ECO TECH DEVELOPME   7.50      10/19/25      CNY      60.00
WANGCHENG ECONOMIC DEVELO   3.75      07/13/23      CNY      20.23
WANGCHENG ECONOMIC DEVELO   3.75      07/13/23      CNY      19.91
WEICHI HOLDING GROUP CO L   7.20      04/13/25      CNY      61.69
WEICHI HOLDING GROUP CO L   7.20      04/13/25      CNY      60.00
WEICHI HOLDING GROUP CO L   6.18      07/24/24      CNY      40.49
WEICHI HOLDING GROUP CO L   6.18      07/24/24      CNY      40.00
WEIFANG BINHAI INVESTMENT   6.50      04/26/26      CNY      64.70
WEIFANG BINHAI INVESTMENT   7.00      09/12/26      CNY      64.18
WEIFANG GONGXIN STATE-OWN   5.00      07/13/26      CNY      58.44
WEIFANG GONGXIN STATE-OWN   5.00      07/13/26      CNY      57.87
WEIHAI CENTRAL CITY STATE   6.05      11/02/24      CNY      40.00
WEIHAI CENTRAL CITY STATE   6.05      11/02/24      CNY      39.98
WEIHAI CITY SHUANGDAO BAY   5.32      04/28/24      CNY      40.38
WEIHAI ECONOMIC TECHNOLOG   5.80      08/23/24      CNY      40.44
WEIHAI ECONOMIC TECHNOLOG   5.80      08/23/24      CNY      40.00
WEIHAI LANCHUANG CONSTRUC   7.70      10/11/25      CNY      58.00
WEIHAI LANCHUANG CONSTRUC   4.80      12/17/22      CNY      19.99
WEIHAI LANCHUANG CONSTRUC   4.80      12/17/22      CNY      19.39
WEIHAI URBAN CONSTRUCTION   3.33      03/02/23      CNY      20.05
WEIHAI URBAN CONSTRUCTION   3.33      03/02/23      CNY      19.95
WEIHAI WENDENG DISTRICT B   3.64      10/26/23      CNY      19.82
WEIHAI WENDENG DISTRICT B   3.64      10/26/23      CNY      19.63
WEIHAI WENDENG URBAN PROP   7.70      05/02/28      CNY      74.43
WEIHAI WENDENG URBAN PROP   4.80      05/26/23      CNY      19.99
WEIHAI WENDENG URBAN PROP   4.80      05/26/23      CNY      19.60
WENDENG GOLDEN BEACH INVE   3.97      03/21/23      CNY      19.94
WENDENG GOLDEN BEACH INVE   3.97      03/21/23      CNY      19.87
WENLING CITY STATE OWNED    5.43      11/12/25      CNY      63.20
WENLING CITY STATE OWNED    5.73      04/19/25      CNY      62.80
WENLING CITY STATE OWNED    5.43      11/12/25      CNY      61.29
WENLING CITY STATE OWNED    5.73      04/19/25      CNY      61.03
WENS FOODSTUFFS GROUP CO    3.26      10/29/30      USD      71.31
WENSHAN URBAN CONSTRUCTIO   4.50      09/13/23      CNY      19.95
WENSHAN URBAN CONSTRUCTIO   4.50      09/13/23      CNY      19.14
WENZHOU CITY CONSTRUCTION   5.00      04/26/23      CNY      20.17
WENZHOU CITY CONSTRUCTION   5.00      04/26/23      CNY      20.03
WENZHOU CITY CONSTRUCTION   4.05      01/25/23      CNY      20.02
WENZHOU CITY CONSTRUCTION   4.05      01/25/23      CNY      19.99
WENZHOU GANGCHENG DEVELOP   5.19      03/29/23      CNY      20.06
WENZHOU GANGCHENG DEVELOP   5.19      03/29/23      CNY      20.00
WENZHOU HIGH-TECH INDUSTR   5.90      09/18/24      CNY      41.50
WENZHOU HIGH-TECH INDUSTR   5.90      09/18/24      CNY      40.42
WENZHOU MINKE INDUSTRIAL    6.44      07/18/24      CNY      40.47
WENZHOU MINKE INDUSTRIAL    6.44      07/18/24      CNY      40.00
WENZHOU OUHAI NEW CITY CO   3.98      10/26/23      CNY      19.89
WENZHOU OUHAI NEW CITY CO   3.98      10/26/23      CNY      19.82
WINTIME ENERGY CO LTD       4.75      07/07/22      CNY      43.63
WINTIME ENERGY CO LTD       7.50      04/04/21      CNY      43.63
WINTIME ENERGY CO LTD       7.90      03/29/21      CNY      43.63
WINTIME ENERGY CO LTD       7.90      12/22/20      CNY      43.63
WINTIME ENERGY CO LTD       7.50      12/06/20      CNY      43.63
WINTIME ENERGY CO LTD       7.50      11/16/20      CNY      43.63
WINTIME ENERGY CO LTD       7.70      11/15/20      CNY      43.63
WINTIME ENERGY CO LTD       7.00      04/26/19      CNY      43.63
WINTIME ENERGY CO LTD       7.00      03/19/19      CNY      43.63
WINTIME ENERGY CO LTD       7.00      12/15/18      CNY      43.63
WINTIME ENERGY CO LTD       6.78      10/23/18      CNY      43.63
WINTIME ENERGY CO LTD       7.00      08/25/18      CNY      43.63
WINTIME ENERGY CO LTD       7.30      08/06/18      CNY      43.63
WINTIME ENERGY CO LTD       7.00      07/05/18      CNY      43.63
WUHAN CITY HUANPI DISTRIC   5.48      04/19/24      CNY      41.26
WUHAN CITY HUANPI DISTRIC   5.48      04/19/24      CNY      40.52
WUHAN HIGH-TECH HOLDING G   5.60      09/14/27      CNY      72.79
WUHAN HIGH-TECH HOLDING G   5.60      09/14/27      CNY      71.89
WUHAN HONGSHAN CITY CONST   5.68      10/12/24      CNY      40.73
WUHAN HONGSHAN CITY CONST   5.68      08/10/24      CNY      40.66
WUHAN HONGSHAN CITY CONST   5.68      10/12/24      CNY      40.63
WUHAN HONGSHAN CITY CONST   5.68      08/10/24      CNY      40.59
WUHAN QIAOKOU STATE OWNED   3.48      08/29/23      CNY      19.90
WUHAN URBAN CONSTRUCTION    4.99      06/15/24      CNY      50.00
WUHU COMMUNICATIONS INVES   4.50      04/28/23      CNY      20.07
WUHU COMMUNICATIONS INVES   3.58      09/23/23      CNY      20.05
WUHU COMMUNICATIONS INVES   4.50      04/28/23      CNY      19.98
WUHU COMMUNICATIONS INVES   3.58      09/23/23      CNY      19.82
WUHU JINGHU CONSTRUCTION    4.37      07/20/23      CNY      20.07
WUHU JINGHU CONSTRUCTION    4.37      07/20/23      CNY      19.95
WUHU JIUJIANG CONSTRUCTIO   3.96      03/21/23      CNY      20.17
WUHU JIUJIANG CONSTRUCTIO   3.96      03/21/23      CNY      19.96
WUSHENG CITY INVESTMENT C   7.05      11/03/24      CNY      41.12
WUSHENG CITY INVESTMENT C   7.05      11/03/24      CNY      40.00
WUSU CITY XINGRONG CONSTR   7.50      10/25/25      CNY      63.47
WUSU CITY XINGRONG CONSTR   7.50      10/25/25      CNY      60.00
WUXI EAST SCIENCE & TECHN   5.73      09/14/24      CNY      40.75
WUXI EAST SCIENCE & TECHN   5.73      09/14/24      CNY      40.00
WUXI FOOD SCIENCE PARK DE   5.70      09/28/24      CNY      41.30
WUXI FOOD SCIENCE PARK DE   5.70      09/28/24      CNY      40.66
WUXI HUIJI INDUSTRY DEVEL   5.27      12/07/25      CNY      63.05
WUXI HUIJI INDUSTRY DEVEL   5.27      12/07/25      CNY      60.98
WUXI HUIKAI ECONOMIC DEVE   4.16      04/08/23      CNY      19.95
WUXI HUIKAI ECONOMIC DEVE   4.16      04/08/23      CNY      19.83
WUXI TAIHU NEW CITY DEVEL   3.47      08/29/23      CNY      23.00
WUXI TAIHU NEW CITY DEVEL   4.49      05/03/23      CNY      20.10
WUXI TAIHU NEW CITY DEVEL   3.47      08/29/23      CNY      19.89
WUXI XIDONG NEW TOWN CONS   3.92      11/09/23      CNY      20.04
WUXI XIDONG NEW TOWN CONS   3.92      11/09/23      CNY      19.88
WUYANG CONSTRUCTION GROUP   7.80      09/11/20      CNY      32.48
XIAMEN ZHONGJUN INDUSTRIA   5.50      07/01/24      CNY      65.00
XIAN FENGDONG DEVELOPMENT   4.67      01/08/23      CNY      20.01
XIAN FENGDONG DEVELOPMENT   4.67      01/08/23      CNY      19.99
XIAN HIGH-TECH ZONE CAOTA   6.49      04/25/25      CNY      61.69
XI'AN HI-TECH HOLDING CO    5.87      06/26/25      CNY      62.50
XI'AN HI-TECH HOLDING CO    6.12      12/27/24      CNY      60.59
XI'AN HI-TECH HOLDING CO    5.87      06/26/25      CNY      60.55
XI'AN HI-TECH HOLDING CO    6.12      12/27/24      CNY      60.45
XI'AN PIONEERING PARK DEV   6.20      05/02/24      CNY      40.50
XI'AN PIONEERING PARK DEV   6.20      05/02/24      CNY      40.49
XIANGCHENG LINGWU URBAN D   7.45      11/10/24      CNY      40.34
XIANGCHENG LINGWU URBAN D   7.45      11/10/24      CNY      40.00
XIANGSHUI GUANJIANG HOLDI   4.98      12/24/22      CNY      19.99
XIANGSHUI GUANJIANG HOLDI   4.98      12/24/22      CNY      19.80
XIANGTAN CITY INFRASTRCTU   3.60      08/04/23      CNY      19.90
XIANGTAN CITY INFRASTRCTU   3.95      08/04/23      CNY      19.89
XIANGTAN CITY INFRASTRCTU   3.95      08/04/23      CNY      19.89
XIANGTAN JIUHUA ECONOMIC    5.00      07/25/26      CNY      60.07
XIANGTAN JIUHUA ECONOMIC    5.00      07/25/26      CNY      52.06
XIANGXIANG CITY DONGSHAN    6.20      08/03/24      CNY      40.57
XIANGXIANG CITY DONGSHAN    6.20      08/03/24      CNY      40.33
XIANGXIANG ECONOMIC DISTR   5.28      09/09/23      CNY      19.34
XIANGXIANG ECONOMIC DISTR   5.28      09/09/23      CNY      19.25
XIANGXIANG URBAN CONSTRUC   7.50      10/27/24      CNY      41.60
XIANGXIANG URBAN CONSTRUC   7.50      10/27/24      CNY      40.00
XIANGXIANG URBAN CONSTRUC   5.84      05/18/23      CNY      20.06
XIANGXIANG URBAN CONSTRUC   5.84      05/18/23      CNY      19.95
XIANGYANG CITY HOUSING IN   6.10      12/15/24      CNY      61.33
XIANGYANG CITY HOUSING IN   6.10      12/15/24      CNY      61.00
XIANGYANG CITY XIANGZHOU    5.18      04/28/23      CNY      20.04
XIANGYANG CITY XIANGZHOU    5.18      04/28/23      CNY      20.02
XIANGYANG HIGH TECH STATE   6.25      06/12/24      CNY      40.78
XIANGYANG HIGH TECH STATE   6.25      06/12/24      CNY      40.72
XIANGYANG STATE-OWNED CAP   6.10      07/19/24      CNY      40.34
XIANGYANG STATE-OWNED CAP   6.10      07/19/24      CNY      40.00
XIANGYANG STATE-OWNED CAP   4.62      01/25/23      CNY      19.98
XIANGYANG STATE-OWNED CAP   4.62      01/25/23      CNY      19.98
XIANNING CITY CONSTRUCTIO   5.99      07/27/27      CNY      71.84
XIANNING CITY CONSTRUCTIO   5.99      07/27/27      CNY      70.00
XIANNING HIGH-TECH INVEST   6.60      06/01/27      CNY      56.57
XIANNING HIGH-TECH INVEST   6.60      06/01/27      CNY      56.56
XIANTAO CITY CONSTRUCTION   4.59      04/18/23      CNY      20.10
XIANTAO CITY CONSTRUCTION   4.59      04/18/23      CNY      19.99
XIAOCHANG SHUNHE DEVELOPM   4.15      10/17/23      CNY      19.78
XIAOGAN URBAN CONSTRUCTIO   6.35      11/10/27      CNY      73.70
XIAOGAN URBAN CONSTRUCTIO   6.35      11/10/27      CNY      70.00
XIAOXIAN COUNTY DEVELOPME   4.85      06/22/23      CNY      20.10
XIAOXIAN COUNTY DEVELOPME   4.85      06/22/23      CNY      19.99
XINDONGGANG HOLDING GROUP   5.53      04/27/23      CNY      20.04
XINDONGGANG HOLDING GROUP   5.53      04/27/23      CNY      20.00
XINFENG COUNTY URBAN CONS   7.80      12/05/25      CNY      61.21
XINFENG COUNTY URBAN CONS   7.80      12/05/25      CNY      60.00
XINGAN COUNTY URBAN CONST   5.48      08/03/23      CNY      20.08
XINGAN COUNTY URBAN CONST   5.48      08/03/23      CNY      19.77
XINGAN LEAGUE URBAN DEVEL   6.18      12/21/22      CNY      14.17
XINGAN LEAGUE URBAN DEVEL   6.18      12/21/22      CNY      14.14
XINGYI XINHENG URBAN CONS   8.00      11/21/25      CNY      63.44
XINGYI XINHENG URBAN CONS   7.90      01/31/25      CNY      61.92
XINGYI XINHENG URBAN CONS   7.90      01/31/25      CNY      60.00
XINGYI XINHENG URBAN CONS   8.00      11/21/25      CNY      57.92
XINGYI XINHENG URBAN CONS   5.40      12/16/22      CNY      19.98
XINJIANG UYGUR AR HAMI CI   6.55      10/27/24      CNY      41.30
XINJIANG UYGUR AR HAMI CI   6.55      10/27/24      CNY      40.00
XINMI CAIYUAN CITY CONSTR   4.35      02/28/23      CNY      19.98
XINMI CAIYUAN CITY CONSTR   4.35      02/28/23      CNY      19.97
XINYI CITY INVESTMENT & D   4.30      01/19/23      CNY      20.00
XINYI CITY INVESTMENT & D   4.30      01/19/23      CNY      19.96
XINYI ECONOMIC DEVELOPMEN   6.66      09/27/24      CNY      39.54
XINYI ECONOMIC DEVELOPMEN   6.66      09/27/24      CNY      34.50
XINYI URBAN TRANSPORTATIO   5.35      04/24/24      CNY      42.57
XINYI URBAN TRANSPORTATIO   5.35      04/24/24      CNY      40.69
XIPING COUNTY INDUSTRIAL    7.50      12/26/24      CNY      60.71
XIPING COUNTY INDUSTRIAL    7.50      12/26/24      CNY      60.00
XISHUI COUNTY FENGZHU INV   6.52      07/28/24      CNY      42.50
XISHUI COUNTY FENGZHU INV   6.52      07/28/24      CNY      40.20
XIUSHAN HUAXING ENTERPRIS   7.50      09/25/25      CNY      62.66
XIUSHAN HUAXING ENTERPRIS   7.50      09/25/25      CNY      62.66
XIWANG GROUP CO LTD         7.80      12/03/22      CNY      49.94
XUANCHENG STATE-OWNED ASS   4.12      04/07/23      CNY      20.07
XUANCHENG STATE-OWNED ASS   4.12      04/07/23      CNY      19.98
XUCHANG GENERAL INVESTMEN   5.74      08/17/24      CNY      40.16
XUZHOU CITY JIAWANG CONST   4.00      03/23/23      CNY      20.39
XUZHOU CITY JIAWANG CONST   4.00      03/23/23      CNY      20.02
XUZHOU HI-TECH INDUSTRIAL   3.78      11/11/23      CNY      19.89
XUZHOU HI-TECH INDUSTRIAL   3.78      11/11/23      CNY      19.83
YAN'AN NEW CITY CONSTRUCT   5.60      04/21/24      CNY      40.30
YAN'AN NEW CITY CONSTRUCT   5.60      04/21/24      CNY      40.21
YANCHENG GUANDONG ECONOMI   6.42      05/16/24      CNY      40.80
YANCHENG GUANDONG ECONOMI   6.42      05/16/24      CNY      40.73
YANCHENG HIGH-TECH ZONE I   3.90      12/14/22      CNY      20.00
YANCHENG HIGH-TECH ZONE I   3.90      12/14/22      CNY      20.00
YANCHENG SOUTH DISTRICT D   6.00      03/19/25      CNY      61.22
YANCHENG YANDU DISTRICT S   3.67      03/17/23      CNY      19.91
YANCHENG YANDU DISTRICT S   3.67      03/17/23      CNY      19.18
YANGO GROUP CO LTD          7.30      04/24/25      CNY      24.19
YANGO GROUP CO LTD          7.00      08/24/24      CNY      18.00
YANGO GROUP CO LTD          6.90      01/22/26      CNY      17.99
YANGO GROUP CO LTD          6.95      04/24/24      CNY      17.99
YANGO GROUP CO LTD          6.67      10/14/25      CNY      17.95
YANGO JUSTICE INTERNATION   5.30      01/11/22      USD      3.55
YANGO JUSTICE INTERNATION   10.25     03/18/22      USD      3.18
YANGO JUSTICE INTERNATION   7.88      09/04/24      USD      2.79
YANGO JUSTICE INTERNATION   9.25      04/15/23      USD      1.55
YANGO JUSTICE INTERNATION   10.00     02/12/23      USD      1.55
YANGO JUSTICE INTERNATION   7.50      02/17/25      USD      1.47
YANGO JUSTICE INTERNATION   7.50      04/15/24      USD      1.47
YANGO JUSTICE INTERNATION   10.25     09/15/22      USD      1.33
YANGO JUSTICE INTERNATION   8.25      11/25/23      USD      1.28
YANGXIN TOWN CONSTRUCTION   6.50      04/26/24      CNY      40.67
YANGXIN TOWN CONSTRUCTION   6.50      04/26/24      CNY      40.36
YANGZHONG TRANSPORTATION    4.98      04/07/23      CNY      20.04
YANGZHONG TRANSPORTATION    4.98      04/07/23      CNY      20.02
YANGZHONG TRANSPORTATION    4.95      04/07/23      CNY      19.98
YANGZHONG TRANSPORTATION    4.95      04/07/23      CNY      19.93
YANGZHOU ECONOMIC & TECHN   5.28      07/06/24      CNY      42.40
YANGZHOU ECONOMIC & TECHN   5.28      07/06/24      CNY      40.34
YANGZHOU GUANGLING NEW CI   3.62      09/07/23      CNY      24.50
YANGZHOU GUANGLING NEW CI   3.62      09/07/23      CNY      19.95
YANGZHOU NEW MATERIAL INV   6.80      10/09/24      CNY      40.95
YANGZHOU NEW MATERIAL INV   6.80      10/09/24      CNY      40.00
YI CHENG CONSTRUCTION INV   5.44      04/27/23      CNY      20.04
YI ZHENG CITY DEVELOPMENT   4.63      01/08/23      CNY      20.00
YI ZHENG CITY DEVELOPMENT   4.63      01/08/23      CNY      19.99
YIBIN NANXI CAIYUAN STATE   8.10      07/24/25      CNY      62.02
YIBIN NANXI CAIYUAN STATE   8.10      11/28/25      CNY      61.36
YIBIN NANXI CAIYUAN STATE   8.10      11/28/25      CNY      60.00
YIBIN NANXI CAIYUAN STATE   8.10      07/24/25      CNY      60.00
YICHANG CHUANGYUAN HOLDIN   7.80      11/06/25      CNY      62.72
YICHANG HIGH-TECH INVESTM   6.10      05/18/24      CNY      40.56
YICHANG HIGH-TECH INVESTM   6.10      05/18/24      CNY      40.44
YICHANG HIGH-TECH INVESTM   4.80      12/15/22      CNY      20.01
YICHANG HIGH-TECH INVESTM   4.80      12/15/22      CNY      20.00
YICHANG HIGH-TECH INVESTM   3.74      07/21/23      CNY      19.98
YICHANG HIGH-TECH INVESTM   3.74      07/21/23      CNY      19.86
YICHANG WUJIA NEW CITY IN   6.50      04/20/24      CNY      40.53
YICHANG WUJIA NEW CITY IN   6.50      04/20/24      CNY      40.47
YIHUA LIFESTYLE TECHNOLOG   6.88      07/16/20      CNY      35.90
YIHUA LIFESTYLE TECHNOLOG   6.88      07/23/20      CNY      35.00
YINGCHENG CITY PUYANG DEV   6.50      04/14/24      CNY      40.51
YINGCHENG CITY PUYANG DEV   6.50      04/14/24      CNY      40.28
YINGKOU BEIHAI NEW CITY D   7.98      01/25/25      CNY      61.92
YINGKOU BEIHAI NEW CITY D   7.98      01/25/25      CNY      60.00
YINGKOU BEIHAI NEW CITY D   7.19      07/12/24      CNY      40.89
YINGKOU BEIHAI NEW CITY D   7.19      07/12/24      CNY      40.11
YINGKOU ECO & TECH DEVELO   6.98      04/19/24      CNY      40.42
YINGKOU ECO & TECH DEVELO   6.98      04/19/24      CNY      40.41
YINGKOU ECO & TECH DEVELO   5.20      08/05/23      CNY      19.95
YINGKOU ECO & TECH DEVELO   5.20      08/05/23      CNY      19.92
YINGKOU LAOBIAN CITY CONS   4.98      03/11/23      CNY      20.00
YINGKOU LAOBIAN CITY CONS   4.98      03/11/23      CNY      20.00
YINGTAN STATE-OWNED ASSET   7.50      12/12/22      CNY      15.00
YINGTAN STATE-OWNED ASSET   7.50      12/12/22      CNY      15.00
YIWU CITY CONSTRUCTION IN   5.48      08/18/24      CNY      40.80
YIWU CITY CONSTRUCTION IN   5.48      08/18/24      CNY      40.00
YIXING TUOYE INDUSTRIAL C   5.99      04/13/25      CNY      61.19
YIYANG COUNTY CITY CONSTR   7.50      06/07/25      CNY      62.62
YIYANG COUNTY CITY CONSTR   7.90      11/05/25      CNY      62.01
YIYANG COUNTY CITY CONSTR   7.90      11/05/25      CNY      61.96
YIYANG COUNTY CITY CONSTR   7.50      06/07/25      CNY      60.00
YIYANG PROVINCE AREA INNO   5.16      11/23/23      CNY      19.82
YIYANG PROVINCE AREA INNO   4.95      10/13/23      CNY      19.69
YIYANG PROVINCE AREA INNO   4.95      10/13/23      CNY      19.61
YIYANG PROVINCE AREA INNO   5.16      11/23/23      CNY      19.60
YIYANG URBAN CONSTRUCTION   6.43      04/24/25      CNY      61.58
YIYANG URBAN CONSTRUCTION   6.43      04/24/25      CNY      61.28
YIYUAN HONGDING ASSET OPE   7.50      08/17/25      CNY      61.83
YIYUAN HONGDING ASSET OPE   7.50      08/17/25      CNY      61.49
YIZHANG XINGYI CONSTRUCTI   5.49      09/02/24      CNY      40.30
YIZHANG XINGYI CONSTRUCTI   5.49      09/02/24      CNY      40.30
YIZHENG SHI'ERWEI NEW ARE   6.77      08/22/24      CNY      40.47
YONG ZHOU CITY DEVELOPMEN   5.30      07/13/24      CNY      40.38
YONG ZHOU CITY DEVELOPMEN   5.30      07/13/24      CNY      39.78
YONGAN STATE-OWNED ASSET    8.50      11/26/25      CNY      61.97
YONGAN STATE-OWNED ASSET    8.50      11/26/25      CNY      60.00
YONGCHENG COAL & ELECTRIC   7.50      02/02/21      CNY      39.88
YONGXING YINDU INVESTMENT   6.93      07/07/24      CNY      40.64
YONGXING YINDU INVESTMENT   6.50      08/14/24      CNY      40.04
YONGXING YINDU INVESTMENT   6.93      07/07/24      CNY      40.00
YONGXING YINDU INVESTMENT   6.50      08/14/24      CNY      38.60
YONGXING YINDU INVESTMENT   5.60      03/24/23      CNY      20.03
YONGXING YINDU INVESTMENT   5.60      03/24/23      CNY      20.02
YONGXIU CITY CONSTRUCTION   7.50      05/02/25      CNY      62.04
YONGXIU CITY CONSTRUCTION   7.80      08/27/25      CNY      61.53
YONGXIU CITY CONSTRUCTION   7.80      08/27/25      CNY      61.09
YONGXIU CITY CONSTRUCTION   7.50      05/02/25      CNY      60.00
YOUYANG COUNTY TAOHUAYUAN   7.50      09/28/25      CNY      62.66
YOUYANG COUNTY TAOHUAYUAN   7.50      09/28/25      CNY      57.00
YUANAN COUNTY QIFENG CITY   5.50      05/27/23      CNY      20.10
YUANAN COUNTY QIFENG CITY   5.50      05/27/23      CNY      20.10
YUANLING CHENZHOU INVESTM   6.50      11/30/24      CNY      40.89
YUANLING CHENZHOU INVESTM   6.50      09/20/24      CNY      40.76
YUANLING CHENZHOU INVESTM   6.50      11/30/24      CNY      40.00
YUANLING CHENZHOU INVESTM   6.50      09/20/24      CNY      40.00
YUDU ZHENXING INVESTMENT    7.50      05/03/25      CNY      60.95
YUDU ZHENXING INVESTMENT    7.50      05/03/25      CNY      60.49
YUEYANG HUIHUA URBAN INVE   5.96      07/26/24      CNY      40.55
YUEYANG HUIHUA URBAN INVE   5.96      07/26/24      CNY      40.26
YUEYANG HUIHUA URBAN INVE   5.78      04/18/24      CNY      40.17
YUEYANG HUIHUA URBAN INVE   5.78      04/18/24      CNY      40.11
YUEYANG URBAN CONSTRUCTIO   4.80      01/27/26      CNY      60.90
YUEYANG URBAN CONSTRUCTIO   4.80      01/27/26      CNY      60.57
YUEYANG YUNXI CITY CONSTR   6.00      07/08/23      CNY      19.84
YUEYANG YUNXI CITY CONSTR   5.18      11/21/23      CNY      19.49
YUHUAN CITY CONSTRUCTION    5.10      05/03/23      CNY      20.02
YUHUAN CITY CONSTRUCTION    5.10      05/03/23      CNY      20.01
YUHUAN CITY CONSTRUCTION    3.72      10/21/23      CNY      19.89
YUHUAN CITY CONSTRUCTION    3.72      10/21/23      CNY      19.79
YUHUAN COUNTY STATE-OWNED   6.45      11/23/25      CNY      63.34
YUNCHENG SHUIHU CITY CONS   4.54      11/21/23      CNY      19.94
YUNCHENG SHUIHU CITY CONS   4.54      11/21/23      CNY      19.18
YUNCHENG URBAN CONSTRUCTI   6.30      08/29/24      CNY      40.15
YUNCHENG URBAN CONSTRUCTI   6.30      08/29/24      CNY      39.04
YUNYANG RENHE INVESTMENT    7.49      05/04/25      CNY      62.46
YUNYANG RENHE INVESTMENT    7.49      05/04/25      CNY      60.62
YUZHOU GENERAL INVESTMENT   4.68      01/19/23      CNY      20.00
YUZHOU GENERAL INVESTMENT   4.68      01/19/23      CNY      20.00
ZAOYANG CITY CONSTRUCTION   5.50      03/22/23      CNY      20.09
ZAOYANG CITY CONSTRUCTION   5.50      03/22/23      CNY      20.00
ZHANGJIAGANG ECONOMY DEVE   3.95      03/22/23      CNY      20.03
ZHANGJIAGANG ECONOMY DEVE   3.95      03/22/23      CNY      20.00
ZHANGJIAJIE ECONOMIC DEVE   6.47      07/24/27      CNY      64.07
ZHANGJIAJIE ECONOMIC DEVE   6.47      07/24/27      CNY      62.50
ZHANGQIU STATE OWNED ASSE   3.69      08/09/23      CNY      19.86
ZHANGQIU STATE OWNED ASSE   3.69      08/09/23      CNY      19.85
ZHANGSHU STATE-OWNED ASSE   4.80      06/22/23      CNY      22.67
ZHANGSHU STATE-OWNED ASSE   4.80      06/22/23      CNY      20.04
ZHAODONG DONGSHENG CONSTR   6.50      01/20/24      CNY      40.39
ZHAODONG DONGSHENG CONSTR   6.50      01/20/24      CNY      39.80
ZHAOQING HI-TECH ZONE CON   3.97      08/26/23      CNY      40.25
ZHAOQING HI-TECH ZONE CON   3.97      08/26/23      CNY      19.88
ZHEJIANG BINHAI NEW AREA    4.65      12/23/22      CNY      20.30
ZHEJIANG BINHAI NEW AREA    4.65      12/23/22      CNY      20.01
ZHEJIANG HANGZHOU QINGSHA   5.99      06/30/24      CNY      40.64
ZHEJIANG HANGZHOU QINGSHA   5.99      06/30/24      CNY      40.63
ZHEJIANG HUISHENG INVESTM   4.49      03/15/24      CNY      39.93
ZHEJIANG HUISHENG INVESTM   4.49      03/15/24      CNY      39.88
ZHEJIANG HUZHOU NANXUN EC   7.80      08/21/25      CNY      67.00
ZHEJIANG OUHAI CONSTRUCTI   4.83      01/21/23      CNY      20.00
ZHEJIANG TIANTAI STATE-OW   6.50      11/22/24      CNY      62.54
ZHEJIANG TIANTAI STATE-OW   6.50      11/22/24      CNY      40.00
ZHEJIANG WUYI CITY CONSTR   8.00      08/10/25      CNY      62.81
ZHEJIANG WUYI CITY CONSTR   8.00      08/10/25      CNY      60.00
ZHENGZHOU GENERAL AVIATIO   5.98      06/27/24      CNY      41.14
ZHENGZHOU GENERAL AVIATIO   5.80      10/18/24      CNY      40.64
ZHENGZHOU GENERAL AVIATIO   5.80      10/18/24      CNY      40.00
ZHENGZHOU GENERAL AVIATIO   5.98      06/27/24      CNY      40.00
ZHENGZHOU MOUZHONG DEVELO   4.59      04/18/23      CNY      20.00
ZHENGZHOU MOUZHONG DEVELO   4.59      04/18/23      CNY      19.99
ZHENJIANG DANTU DISTRICT    5.98      11/06/24      CNY      42.50
ZHENJIANG DANTU DISTRICT    5.98      11/06/24      CNY      41.11
ZHENJIANG NEW AREA URBAN    5.31      07/14/23      CNY      19.95
ZHENJIANG NEW AREA URBAN    5.31      07/14/23      CNY      19.95
ZHENRO REAL ESTATE HOLDIN   5.45      09/14/24      CNY      25.40
ZHIJIANG STATE-OWNED ASSE   4.78      01/11/23      CNY      20.01
ZHIJIANG STATE-OWNED ASSE   4.78      01/11/23      CNY      20.00
ZHIJIANG STATE-OWNED ASSE   4.38      03/28/23      CNY      19.99
ZHIJIANG WANYUN COMMUNICA   7.00      08/29/24      CNY      46.13
ZHONGSHAN TORCH DEVELOPME   5.79      03/23/24      CNY      40.37
ZHONGXIANG CITY CONSTRUCT   6.50      09/01/24      CNY      40.88
ZHONGXIANG CITY CONSTRUCT   6.50      09/01/24      CNY      40.47
ZHOUSHAN CITY INVESTMENT    5.94      10/22/25      CNY      65.32
ZHOUSHAN CITY INVESTMENT    6.33      04/04/25      CNY      63.20
ZHOUSHAN CITY INVESTMENT    5.94      10/22/25      CNY      62.00
ZHOUSHAN CITY INVESTMENT    6.33      04/04/25      CNY      61.75
ZHOUSHAN ISLANDS NEW DIST   7.00      09/25/26      CNY      73.16
ZHOUSHAN ISLANDS NEW DIST   7.00      09/25/26      CNY      70.00
ZHUCHENG ECONOMIC DEVELOP   5.37      07/12/24      CNY      40.46
ZHUCHENG ECONOMIC DEVELOP   5.37      07/12/24      CNY      40.18
ZHUHAI HUIHUA INFRASTRUCT   4.70      06/27/23      CNY      20.05
ZHUHAI HUIHUA INFRASTRUCT   4.70      06/27/23      CNY      19.99
ZHUJI CITY EAST NEW TOWN    3.89      08/26/23      CNY      20.02
ZHUJI CITY EAST NEW TOWN    3.89      08/26/23      CNY      19.89
ZHUJI STATE-OWNED ASSETS    5.34      06/28/24      CNY      42.50
ZHUJI STATE-OWNED ASSETS    5.23      07/18/24      CNY      40.88
ZHUJI STATE-OWNED ASSETS    5.34      06/28/24      CNY      40.46
ZHUZHOU GECKOR GROUP CO L   3.78      09/28/23      CNY      19.76
ZHUZHOU GECKOR GROUP CO L   3.78      09/28/23      CNY      19.66
ZHUZHOU HI-TECH AUTO EXPO   4.47      11/03/23      CNY      24.25
ZHUZHOU LUSONG STATE OWNE   7.00      01/30/25      CNY      61.56
ZHUZHOU LVXIANG INVESTMEN   7.09      08/16/24      CNY      40.19
ZHUZHOU RAILWAY INDUSTRY    7.50      09/25/24      CNY      40.36
ZHUZHOU RECYCLING ECONOMI   4.38      03/24/23      CNY      19.97
ZHUZHOU RECYCLING ECONOMI   4.38      03/24/23      CNY      19.63
ZHUZHOU XIANGJIAN INVESTM   6.40      08/09/24      CNY      40.16
ZHUZHOU XIANGJIAN INVESTM   6.40      08/09/24      CNY      40.00
ZIBO BOSHAN STATE OWNED A   5.63      03/29/24      CNY      39.89
ZIBO BOSHAN STATE OWNED A   5.63      03/29/24      CNY      39.88
ZIBO HIGH TECH CITY INVES   5.28      08/10/24      CNY      44.80
ZIBO HIGH TECH CITY INVES   5.28      08/10/24      CNY      40.78
ZIGUI COUNTY CHUYUAN HOLD   7.08      08/14/27      CNY      73.88
ZIGUI COUNTY CHUYUAN HOLD   7.08      08/14/27      CNY      70.00
ZIXING CHENGCHENG INVESTM   6.20      03/16/24      CNY      40.50
ZIXING CHENGCHENG INVESTM   6.18      08/09/24      CNY      40.28
ZIXING CHENGCHENG INVESTM   6.20      03/16/24      CNY      40.05
ZIXING CHENGCHENG INVESTM   6.18      08/09/24      CNY      40.00
ZIXING CITY DEVELOPMENT I   6.30      09/26/24      CNY      40.56
ZIXING CITY DEVELOPMENT I   6.00      05/03/24      CNY      40.36
ZIXING CITY DEVELOPMENT I   6.00      05/03/24      CNY      40.26
ZIXING CITY DEVELOPMENT I   6.30      09/26/24      CNY      40.00
ZIYANG KAILI INVESTMENT C   8.00      02/14/26      CNY      71.01
ZIYANG WATER INVESTMENT C   3.97      03/17/23      CNY      19.74
ZIYANG WATER INVESTMENT C   3.97      03/17/23      CNY      19.71
ZIZHONG COUNTY XINGZI INV   5.97      01/18/23      CNY      20.03
ZIZHONG COUNTY XINGZI INV   5.97      01/18/23      CNY      19.68
ZONGYANG INVESTMENT DEVEL   5.85      04/25/24      CNY      40.62
ZONGYANG INVESTMENT DEVEL   5.85      04/25/24      CNY      40.00
ZUNYI BOZHOU URBAN CONSTR   6.60      07/06/24      CNY      40.67
ZUNYI BOZHOU URBAN CONSTR   6.60      07/06/24      CNY      40.66
ZUNYI BOZHOU URBAN CONSTR   7.85      10/24/24      CNY      39.76
ZUNYI CITY XIANGJIANG INV   6.99      09/25/24      CNY      41.00
ZUNYI CITY XIANGJIANG INV   6.99      09/25/24      CNY      35.00
ZUNYI ECONOMIC DEVELOPMEN   7.48      08/17/24      CNY      41.15
ZUNYI ECONOMIC DEVELOPMEN   4.87      01/22/23      CNY      20.00
ZUNYI ECONOMIC DEVELOPMEN   4.87      01/22/23      CNY      18.10
ZUNYI HONGHUAGANG DISTRIC   6.98      07/25/24      CNY      37.08
ZUNYI HONGHUAGANG DISTRIC   6.98      07/25/24      CNY      37.07
ZUNYI HONGHUAGANG DISTRIC   5.05      06/27/23      CNY      19.75
ZUNYI HONGHUAGANG DISTRIC   5.05      06/27/23      CNY      19.01
ZUNYI NEW DISTRICT DEVELO   5.99      04/07/26      CNY      39.73
ZUNYI NEW DISTRICT DEVELO   5.99      04/07/26      CNY      35.00
ZUNYI ROAD & BRIDGE CONST   6.10      04/27/23      CNY      25.10
ZUNYI ROAD & BRIDGE CONST   6.10      04/27/23      CNY      22.20
ZUNYI TRAFFIC TRAVEL INVE   7.70      09/27/27      CNY      54.62
ZUNYI TRAFFIC TRAVEL INVE   7.70      09/27/27      CNY      53.00
ZUNYI URBAN CONSTRUCTION    7.50      05/20/24      CNY      67.80


   HONG KONG
   ---------

AIA GROUP LTD               3.20      09/16/40      USD      74.16
AIA GROUP LTD               3.20      09/16/40      USD      74.14
AIRPORT AUTHORITY           2.63      02/04/51      USD      68.22
AIRPORT AUTHORITY           2.63      02/04/51      USD      67.45
CHINA SOUTH CITY HOLDINGS   9.00      10/09/24      USD      59.25
CHINA SOUTH CITY HOLDINGS   9.00      12/11/24      USD      58.92
CHINA SOUTH CITY HOLDINGS   9.00      04/12/24      USD      53.72
CHINA SOUTH CITY HOLDINGS   9.00      07/20/24      USD      31.20
CHINA SOUTH CITY HOLDINGS   9.00      06/26/24      USD      28.00
CNAC HK FINBRIDGE CO LTD    3.70      09/22/50      USD      65.01
DR PENG HOLDING HONGKONG    2.50      12/01/25      USD      43.31
HAINAN AIRLINES HONG KONG   12.00     10/29/21      USD      2.51
HKCG FINANCE LTD            2.94      10/18/49      HKD      67.64
HKCG FINANCE LTD            2.94      10/28/49      HKD      67.59
HKCG FINANCE LTD            2.57      05/26/50      HKD      61.83
HKCG FINANCE LTD            2.57      06/29/50      HKD      61.77
HNA GROUP INTERNATIONAL C   6.25      10/05/21      USD      5.00
HONG KONG GOVERNMENT INTE   2.38      02/02/51      USD      66.46
HONG KONG GOVERNMENT INTE   2.38      02/02/51      USD      66.31
HONG KONG GOVERNMENT INTE   1.00      11/24/41      EUR      63.87
HONG KONG MORTGAGE CORP L   3.15      03/19/49      HKD      74.40
HONG KONG MORTGAGE CORP L   2.98      04/02/49      HKD      71.87
HONG KONG MORTGAGE CORP L   2.65      07/26/49      HKD      67.53
HONGKONG IDEAL INVESTMENT   14.75     10/08/22      USD      3.66
LAI SUN MTN LTD             5.00      07/28/26      USD      64.68
MTR CORP LTD                2.88      07/27/46      USD      69.18
MTR CORP LTD                2.55      06/24/55      HKD      66.53
PINGAN REAL ESTATE CAPITA   3.45      07/29/26      USD      65.78
WESTWOOD GROUP HOLDINGS L   3.80      01/20/31      USD      63.91
XIAOMI BEST TIME INTERNAT   2.88      07/14/31      USD      73.13
XIAOMI BEST TIME INTERNAT   2.88      07/14/31      USD      72.64
XIAOMI BEST TIME INTERNAT   4.10      07/14/51      USD      60.64
XIAOMI BEST TIME INTERNAT   4.10      07/14/51      USD      60.32
ZENSUN ENTERPRISES LTD      12.50     09/13/23      USD      55.03
ZENSUN ENTERPRISES LTD      12.50     04/23/24      USD      55.02


   INDONESIA
   ---------

ALAM SUTERA REALTY TBK PT   11.00     11/02/25      USD      65.38
BERAU COAL ENERGY TBK PT    2.00      10/15/28      USD      25.00
BERAU COAL ENERGY TBK PT    2.00      10/15/28      USD      25.00
DAVOMAS INTERNATIONAL FIN   11.00     12/08/14      USD      0.84
DAVOMAS INTERNATIONAL FIN   11.00     12/08/14      USD      0.84
DAVOMAS INTERNATIONAL FIN   11.00     05/09/11      USD      0.84
DAVOMAS INTERNATIONAL FIN   11.00     05/09/11      USD      0.84
DELTA MERLIN DUNIA TEKSTI   2.50      06/26/28      USD      27.90
INDOFOOD CBP SUKSES MAKMU   4.75      06/09/51      USD      74.81
INDOFOOD CBP SUKSES MAKMU   4.81      04/27/52      USD      74.03
INDONESIA GOVERNMENT INTE   1.10      03/12/33      EUR      73.57
INDONESIA GOVERNMENT INTE   1.30      03/23/34      EUR      72.76
INDONESIA GOVERNMENT INTE   3.05      03/12/51      USD      72.74
INDONESIA GOVERNMENT INTE   3.20      09/23/61      USD      69.95
INDONESIA GOVERNMENT INTE   3.35      03/12/71      USD      68.92
PERTAMINA PERSERO PT        4.15      02/25/60      USD      73.65
PERTAMINA PERSERO PT        4.15      02/25/60      USD      73.60
PERUSAHAAN PERSEROAN PERS   4.38      02/05/50      USD      74.98
PERUSAHAAN PERSEROAN PERS   4.38      02/05/50      USD      74.77
PERUSAHAAN PERSEROAN PERS   1.88      11/05/31      EUR      72.45
PERUSAHAAN PERSEROAN PERS   4.00      06/30/50      USD      72.43
PERUSAHAAN PERSEROAN PERS   4.00      06/30/50      USD      72.26
PERUSAHAAN PERSEROAN PERS   1.88      11/05/31      EUR      72.13
SRI REJEKI ISMAN TBK PT     7.25      01/16/25      USD      4.13
SRI REJEKI ISMAN TBK PT     7.25      01/16/25      USD      1.92


   INDIA
   -----

ACME RANGA REDDY SOLAR PO   0.01      01/26/46      INR      17.48
ACME RANGA REDDY SOLAR PO   0.01      08/31/46      INR      16.69
ADANI ELECTRICITY MUMBAI    3.87      07/22/31      USD      72.22
ADANI ELECTRICITY MUMBAI    3.87      07/22/31      USD      72.09
ADANI PORTS & SPECIAL ECO   3.10      02/02/31      USD      74.36
ADANI PORTS & SPECIAL ECO   3.10      02/02/31      USD      74.34
ADANI PORTS & SPECIAL ECO   5.00      08/02/41      USD      74.08
ADANI PORTS & SPECIAL ECO   5.00      08/02/41      USD      74.01
ADANI RENEWABLE ENERGY RJ   4.63      10/15/39      USD      74.82
ADANI RENEWABLE ENERGY RJ   4.63      10/15/39      USD      74.75
ALANKRIT ESTATES LTD        0.01      10/20/32      INR      46.62
AMPSOLAR SOLUTION PVT LTD   0.01      10/27/37      INR      31.29
AMPSOLAR SOLUTION PVT LTD   0.01      11/03/37      INR      31.25
AMTEK AUTO LTD              0.10      12/07/28      INR      58.26
ANSR GLOBAL CORP PVT LTD    4.00      02/12/30      INR      73.25
APG HABITAT PVT LTD         1.00      09/09/28      INR      65.89
APG INTELLI HOMES PVT LTD   1.25      02/04/35      INR      47.50
APG INTELLI HOMES PVT LTD   1.25      02/04/35      INR      46.89
ASSETS CARE & RECONSTRUCT   2.00      03/30/29      INR      68.37
ASSETS CARE & RECONSTRUCT   2.00      03/30/29      INR      68.37
ASSETS CARE & RECONSTRUCT   2.00      03/31/30      INR      65.08
ASSETS CARE & RECONSTRUCT   1.00      03/30/29      INR      63.54
ASSETS CARE & RECONSTRUCT   2.05      04/30/31      INR      62.16
AUTHBRIDGE RESEARCH SERVI   0.10      10/14/31      INR      44.80
AUTHBRIDGE RESEARCH SERVI   0.10      12/03/31      INR      44.33
AUTOMOTIVE EXCHANGE PVT L   4.00      06/01/30      INR      61.99
AUTOMOTIVE EXCHANGE PVT L   4.00      10/11/30      INR      61.57
BIG SHOT INFRA FACILITIES   0.01      04/20/27      INR      67.15
BIG SHOT INFRA FACILITIES   0.01      05/20/27      INR      66.68
BIG SHOT INFRA FACILITIES   0.01      07/18/27      INR      65.77
BODY CUPID PVT LTD          0.01      03/31/31      INR      51.85
BREEZE CONSTRUCTIONS PVT    0.01      06/29/30      INR      52.15
BRITANNIA INDUSTRIES LTD    5.50      06/03/24      INR      28.24
BROIL SOLAR ENERGY PVT LT   0.01      09/05/31      INR      48.94
CHANDRAJYOTI ESTATE DEVEL   0.01      07/06/30      INR      53.46
CONVERGIA DIGITAL EDUCATI   0.10      09/29/31      INR      56.52
CROPIN TECHNOLOGY SOLUTIO   0.01      02/27/27      INR      73.35
CROPIN TECHNOLOGY SOLUTIO   0.01      09/25/27      INR      70.87
CROPIN TECHNOLOGY SOLUTIO   0.01      12/20/30      INR      59.80
CROPIN TECHNOLOGY SOLUTIO   0.01      01/12/31      INR      59.62
CUMULUS TRADING CO PVT LT   0.01      01/23/30      INR      72.95
CUMULUS TRADING CO PVT LT   0.01      05/21/32      INR      45.21
DLF ASPINWAL HOTELS PVT L   0.01      10/15/30      INR      49.23
DLF HOME DEVELOPERS LTD     0.01      06/29/30      INR      56.33
DLF HOMES PANCHKULA PVT L   0.01      06/29/30      INR      52.16
DLF HOMES SERVICES PVT LT   0.01      06/29/30      INR      52.15
DLF LANDS INDIA PVT LTD     0.01      09/29/31      INR      48.15
DLF MIDTOWN PVT LTD         0.01      12/11/27      INR      66.47
DLF PROPERTY DEVELOPERS L   0.01      06/29/30      INR      53.90
DLF PROPERTY DEVELOPERS L   0.01      08/12/30      INR      53.40
DLF REAL ESTATE BUILDERS    0.01      06/23/30      INR      53.53
DLF RECREATIONAL FOUNDATI   0.01      10/15/30      INR      49.23
DLF RESIDENTIAL BUILDERS    0.01      06/23/30      INR      52.24
DLF RESIDENTIAL DEVELOPER   0.01      06/28/30      INR      54.01
DLF RESIDENTIAL DEVELOPER   0.01      06/28/30      INR      54.01
DLF SOUTHERN TOWNS PVT LT   0.01      07/09/30      INR      57.26
DLF URBAN PVT LTD           0.01      12/11/27      INR      67.37
DOMUS REAL ESTATE PVT LTD   0.01      07/11/30      INR      53.50
EDEL LAND LTD               0.01      03/26/31      INR      52.45
EDEL LAND LTD               0.01      12/28/31      INR      49.55
EDEL LAND LTD               0.01      03/30/32      INR      48.62
EDELWEISS ASSET RECONSTRU   2.00      11/20/27      INR      74.99
EDELWEISS ASSET RECONSTRU   2.00      10/07/28      INR      71.52
EDELWEISS ASSET RECONSTRU   2.00      01/15/29      INR      70.50
EDELWEISS ASSET RECONSTRU   2.00      03/28/29      INR      69.79
EDELWEISS ASSET RECONSTRU   2.00      07/22/29      INR      68.67
EDELWEISS INVESTMENT ADVI   0.01      05/31/29      INR      58.29
EDELWEISS RURAL & CORPORA   0.01      03/25/31      INR      53.32
ELP SOLAR ONE PVT LTD       0.25      02/27/31      INR      52.07
ESSAR POWER TRANSMISSION    3.00      03/31/43      INR      47.99
ESSAR POWER TRANSMISSION    3.00      03/31/43      INR      47.99
FUTURE RETAIL LTD           5.60      01/22/25      USD      1.54
FUTURE RETAIL LTD           5.60      01/22/25      USD      1.49
GALLERIA PROPERTY MANAGEM   0.01      12/30/31      INR      47.80
GAMMA GAANA LTD             0.01      07/31/31      INR      48.77
GOLD PLUS GLASS INDUSTRY    0.10      03/03/29      INR      59.89
GOLD PLUS GLASS INDUSTRY    0.10      03/03/29      INR      59.89
GREEN URJA PVT LTD          0.01      02/14/30      INR      55.24
HCL INFOTECH LTD            0.10      03/31/36      INR      35.44
HITODI INFRASTRUCTURE LTD   0.01      06/30/27      INR      65.93
IBROX AVIATION AND TRADIN   0.01      12/15/27      INR      62.66
INDIABULLS HOUSING FINANC   4.50      09/28/26      USD      72.00
JAIPRAKASH ASSOCIATES LTD   5.75      09/08/17      USD      55.13
JAIPRAKASH POWER VENTURES   7.00      05/15/17      USD      6.19
JCT LTD                     2.50      04/08/11      USD      25.75
JSM CORP PVT LTD            0.01      08/31/36      INR      33.00
JTPM ATSALI LTD             0.01      12/28/28      INR      61.45
JTPM ATSALI LTD             0.01      08/29/48      INR      13.93
JUNO MONETA TECHNOLOGIES    0.01      05/18/26      INR      74.45
KANAKADURGA FINANCE LTD     0.01      04/15/36      INR      31.67
KIRTIMAAN BUILDERS LTD      0.01      10/20/32      INR      46.62
KUSHALS RETAIL PVT LTD      1.00      05/13/29      INR      59.83
L&T FINANCE LTD             6.25      12/03/24      INR      68.80
LITMUS WORLD MARKETING TE   0.01      03/31/28      INR      68.76
LOCON SOLUTIONS PVT LTD     0.01      07/22/30      INR      51.32
LOK SUVIDHA FINANCE LTD     0.01      11/30/31      INR      44.58
MAHATVA PLASTIC PRODUCTS    0.01      03/29/27      INR      68.93
MAHATVA PLASTIC PRODUCTS    0.01      05/03/27      INR      68.38
MAHATVA PLASTIC PRODUCTS    0.01      05/19/27      INR      68.14
MAKAAN.COM PVT LTD          0.01      07/22/30      INR      51.84
MANJRI DEVELOPERS PVT LTD   0.01      08/05/39      INR      25.66
MARIS POWER SUPPLY CO PVT   2.00      04/18/28      INR      72.89
MAXIMUS ARC LTD             0.01      04/08/26      INR      73.32
MAXIMUS ARC LTD             0.01      10/07/26      INR      70.15
MELOSA BUILDERS & DEVELOP   0.01      06/29/30      INR      52.15
MENS BUILDCON PVT LTD       0.01      06/29/30      INR      52.15
METALITE FUEL INDUSTRIES    0.01      03/31/35      INR      37.90
METALITE FUEL INDUSTRIES    0.01      06/18/36      INR      34.52
MUDIT CEMENT PVT LTD        0.01      03/28/27      INR      67.90
MYTRAH AADHYA POWER PVT L   0.01      07/05/35      INR      36.55
MYTRAH ADVAITH POWER PVT    0.01      07/13/36      INR      33.82
MYTRAH AKSHAYA ENERGY PVT   0.01      07/13/36      INR      33.82
NANI VIRANI WIND ENERGY P   2.00      06/30/39      INR      45.57
NEEMUCH SOLAR POWER PVT L   0.01      01/26/46      INR      17.75
NEEMUCH SOLAR POWER PVT L   0.01      08/29/46      INR      16.96
NHAVA SHEVA INTERNATIONAL   0.01      04/14/27      INR      69.57
NSL KRISHNAVENI SUGARS LT   0.01      12/23/31      INR      45.39
ORIGAMI CELLULO PVT LTD     0.01      11/14/36      INR      32.91
PALIWAL REAL ESTATE LTD     0.01      09/09/31      INR      47.55
PIRAMAL CAPITAL & HOUSING   8.50      04/18/23      INR      34.25
PRAKASH INDUSTRIES LTD      5.25      04/30/15      USD      22.63
PRIDHVI ASSET RECONSTRUCT   0.01      06/07/26      INR      73.55
PRUDENT ARC LTD             0.01      09/02/31      INR      48.60
PRUDENT ARC LTD             0.01      10/04/31      INR      48.02
PRUDENT ARC LTD             0.01      03/30/32      INR      46.27
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/27      INR      71.84
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/28      INR      66.95
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/29      INR      62.42
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/30      INR      58.19
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/31      INR      54.27
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/32      INR      50.61
PUNJAB INFRASTRUCTURE DEV   0.40      10/15/33      INR      47.22
PURVANCHAL SOLAR POWER PV   0.01      01/26/46      INR      17.75
PURVANCHAL SOLAR POWER PV   0.01      08/29/46      INR      16.96
PYRAMID SAIMIRA THEATRE L   1.75      07/04/12      USD      0.26
R L FINE CHEM PVT LTD       0.10      08/19/36      INR      33.36
RAMANI ICECREAM CO LTD      0.01      12/29/35      INR      35.72
RANKGURU TECHNOLOGY SOLUT   0.01      02/11/27      INR      66.91
RANKGURU TECHNOLOGY SOLUT   0.01      03/31/27      INR      66.15
REDKITE CAPITAL PVT LTD     2.50      03/30/29      INR      72.20
REI AGRO LTD                5.50      11/13/14      USD      0.83
REI AGRO LTD                5.50      11/13/14      USD      0.83
RELIANCE COMMUNICATIONS L   6.50      11/06/20      USD      3.63
RELIANCE INDUSTRIES LTD     3.63      01/12/52      USD      70.23
RELIANCE INDUSTRIES LTD     3.63      01/12/52      USD      69.97
RELIANCE INDUSTRIES LTD     3.75      01/12/62      USD      68.85
RELIANCE INDUSTRIES LTD     3.75      01/12/62      USD      68.71
RENEW FAZILKA SOLAR POWER   0.01      01/26/46      INR      17.48
RENEW MEDAK POWER PVT LTD   0.01      01/26/46      INR      17.75
RENEW MEDAK POWER PVT LTD   0.01      08/29/46      INR      16.96
REWANCHAL SOLAR POWER PVT   0.01      01/26/46      INR      17.75
REWANCHAL SOLAR POWER PVT   0.01      08/29/46      INR      16.96
RIVERIA COMMERCIAL DEVELO   0.01      07/08/31      INR      47.54
RMZ ONE PARAMOUNT PVT LTD   0.10      03/24/29      INR      57.99
SAHIB FINLEASE LTD          1.00      10/29/29      INR      61.39
SAKET HOLIDAYS RESORTS PV   0.01      06/29/30      INR      53.37
SANJWIN CONSULTING SOLUTI   0.01      06/01/28      INR      61.55
SHERISHA ROOFTOP SOLAR SP   0.01      08/12/31      INR      47.42
SHIVAJI MARG MAINTENANCE    0.01      06/28/30      INR      52.99
SHREE UTTAM STEEL & POWER   0.10      07/12/32      INR      46.02
SINTEX INDUSTRIES LTD       3.50      05/25/22      USD      25.38
SKIPPER PLASTICS LTD        1.00      08/16/32      INR      51.41
STPL HORTICULTURE PVT LTD   0.01      03/31/31      INR      58.84
SUNWORLD SOLAR POWER PVT    0.01      01/26/46      INR      17.75
SUNWORLD SOLAR POWER PVT    0.01      08/31/46      INR      16.96
SURBHI INVESTMENTS & TRAD   2.50      10/21/28      INR      73.16
SUTARA ROADS & INFRA LTD    0.01      08/31/30      INR      58.76
SUZLON ENERGY LTD           0.01      06/26/30      INR      48.75
SUZLON ENERGY LTD           5.75      07/16/19      USD      20.81
SUZLON ENERGY LTD           5.75      07/16/19      USD      20.81
SVOGL OIL GAS & ENERGY LT   5.00      08/17/15      USD      0.61
TATA SMARTFOODZ LTD         0.01      04/18/26      INR      74.98
TATA SMARTFOODZ LTD         0.01      06/28/26      INR      73.78
TATA SMARTFOODZ LTD         0.01      08/19/26      INR      72.91
TN URJA PVT LTD             0.10      02/22/36      INR      36.58
UJAGAR ESTATES LTD          0.01      10/20/32      INR      46.62
VENTO ENERGY INFRA PVT LT   0.01      09/20/39      INR      26.36
VIKRANT FORGE PVT LTD       2.00      03/25/33      INR      57.50
WATSUN INFRABUILD PVT LTD   4.00      10/16/37      INR      65.98
YBRANT ENGINEERING & CONS   0.01      05/07/31      INR      51.02
YOGINDERA POWERS LTD        0.01      01/24/42      INR      39.18


   JAPAN
   -----

AVANSTRATE INC              0.25      10/29/32      JPY      9.75
CITY OF KOBE JAPAN          0.30      06/18/49      JPY      74.64
DEVELOPMENT BANK OF JAPAN   0.56      11/14/34      EUR      73.71
DEVELOPMENT BANK OF JAPAN   0.57      06/24/60      JPY      73.18
DEVELOPMENT BANK OF JAPAN   0.95      04/15/71      JPY      71.04
DEVELOPMENT BANK OF JAPAN   0.48      12/16/59      JPY      70.80
DEVELOPMENT BANK OF JAPAN   0.89      07/16/70      JPY      68.83
EAST JAPAN RAILWAY CO       0.49      07/23/49      JPY      74.76
EAST JAPAN RAILWAY CO       0.90      07/20/60      JPY      74.61
EAST JAPAN RAILWAY CO       0.77      09/15/34      EUR      74.34
EAST JAPAN RAILWAY CO       1.21      07/15/71      JPY      74.08
EAST JAPAN RAILWAY CO       0.83      04/22/60      JPY      72.94
EAST JAPAN RAILWAY CO       1.18      12/17/71      JPY      72.93
EAST JAPAN RAILWAY CO       1.15      12/18/70      JPY      72.68
EAST JAPAN RAILWAY CO       1.14      04/15/71      JPY      72.17
EAST JAPAN RAILWAY CO       0.77      12/23/59      JPY      71.56
EAST JAPAN RAILWAY CO       1.10      09/15/39      EUR      70.40
EAST JAPAN RAILWAY CO       0.99      04/22/70      JPY      68.22
EAST JAPAN RAILWAY CO       0.50      07/28/56      JPY      67.47
EAST JAPAN RAILWAY CO       0.81      07/23/69      JPY      63.21
HIS CO LTD                  0.58      02/19/27      JPY      63.46
JAPAN EXPRESSWAY HOLDING    0.45      09/17/49      JPY      74.88
JAPAN EXPRESSWAY HOLDING    0.94      03/17/56      JPY      74.69
JAPAN EXPRESSWAY HOLDING    0.18      06/20/46      JPY      74.69
JAPAN EXPRESSWAY HOLDING    0.78      03/19/53      JPY      74.54
JAPAN EXPRESSWAY HOLDING    1.02      03/19/58      JPY      74.01
JAPAN EXPRESSWAY HOLDING    0.96      03/19/57      JPY      73.69
JAPAN EXPRESSWAY HOLDING    0.65      03/17/56      JPY      73.42
JAPAN EXPRESSWAY HOLDING    0.84      03/19/55      JPY      73.20
JAPAN EXPRESSWAY HOLDING    0.57      08/31/60      JPY      73.17
JAPAN EXPRESSWAY HOLDING    0.48      08/31/56      JPY      73.08
JAPAN EXPRESSWAY HOLDING    0.97      03/19/60      JPY      72.80
JAPAN EXPRESSWAY HOLDING    0.54      06/30/60      JPY      72.24
JAPAN EXPRESSWAY HOLDING    0.71      03/19/54      JPY      71.98
JAPAN EXPRESSWAY HOLDING    0.29      06/18/49      JPY      71.71
JAPAN EXPRESSWAY HOLDING    0.75      03/19/54      JPY      71.20
JAPAN EXPRESSWAY HOLDING    0.94      03/19/60      JPY      70.76
JAPAN EXPRESSWAY HOLDING    0.44      03/19/54      JPY      70.73
JAPAN EXPRESSWAY HOLDING    0.46      06/30/59      JPY      70.65
JAPAN EXPRESSWAY HOLDING    0.63      03/19/59      JPY      70.34
JAPAN EXPRESSWAY HOLDING    0.84      03/19/58      JPY      70.23
JAPAN EXPRESSWAY HOLDING    0.88      03/19/59      JPY      70.20
JAPAN EXPRESSWAY HOLDING    0.44      10/31/59      JPY      69.92
JAPAN EXPRESSWAY HOLDING    0.43      02/27/60      JPY      69.43
JAPAN EXPRESSWAY HOLDING    0.30      06/30/56      JPY      68.39
JAPAN EXPRESSWAY HOLDING    0.83      03/19/59      JPY      67.74
JAPAN EXPRESSWAY HOLDING    0.35      08/29/59      JPY      67.42
JAPAN FINANCE ORGANIZATIO   0.50      05/29/51      JPY      74.67
JAPAN FINANCE ORGANIZATIO   0.75      09/28/60      JPY      74.14
JAPAN FINANCE ORGANIZATIO   0.54      10/31/53      JPY      73.31
JAPAN FINANCE ORGANIZATIO   0.53      10/28/53      JPY      73.04
JAPAN FINANCE ORGANIZATIO   0.53      10/24/53      JPY      73.03
JAPAN FINANCE ORGANIZATIO   0.58      03/26/55      JPY      72.89
JAPAN FINANCE ORGANIZATIO   0.65      01/28/60      JPY      71.55
JAPAN FINANCE ORGANIZATIO   0.63      04/28/60      JPY      70.75
JAPAN FINANCE ORGANIZATIO   0.63      04/23/60      JPY      70.74
JAPAN FINANCE ORGANIZATIO   0.63      04/30/60      JPY      70.69
JAPAN FINANCE ORGANIZATIO   0.63      04/28/60      JPY      70.62
JAPAN FINANCE ORGANIZATIO   0.49      07/28/56      JPY      69.52
JAPAN FINANCE ORGANIZATIO   2.00      11/27/35      AUD      66.06
JAPAN FINANCE ORGANIZATIO   1.88      10/15/35      AUD      65.14
JAPAN GOVERNMENT FORTY YE   0.50      03/20/59      JPY      73.00
JAPAN GOVERNMENT FORTY YE   0.50      03/20/60      JPY      72.49
JAPAN GOVERNMENT FORTY YE   0.40      03/20/56      JPY      72.33
JAPAN HOUSING FINANCE AGE   0.77      03/19/60      JPY      74.36
KYOTO PREFECTURE            0.30      06/18/49      JPY      74.64
MITSUBISHI ESTATE CO LTD    0.79      06/27/56      JPY      70.95
MITSUBISHI ESTATE CO LTD    1.13      04/18/69      JPY      70.33
MITSUI FUDOSAN CO LTD       1.03      03/17/70      JPY      66.00
MIZUHO SECURITIES CO LTD    2.16      02/01/36      USD      69.02
MIZUHO SECURITIES CO LTD    2.05      12/21/35      USD      68.26
MIZUHO SECURITIES CO LTD    2.02      12/10/35      USD      68.04
NIPPON PROLOGIS REIT INC    1.00      04/15/50      JPY      73.53
OSAKA GAS CO LTD            0.82      06/06/59      JPY      73.05
OSAKA GAS CO LTD            0.40      09/03/49      JPY      72.61
OSAKA GAS CO LTD            0.55      09/05/58      JPY      66.48
OSAKA GAS CO LTD            0.70      09/05/69      JPY      59.55
SOFTBANK GROUP CORP         3.38      07/06/29      EUR      74.44
SOFTBANK GROUP CORP         3.88      07/06/32      EUR      68.49
SUMITOMO MITSUI FINANCIAL   3.05      01/14/42      USD      73.27
SUMITOMO MITSUI FINANCIAL   2.93      09/17/41      USD      69.73
SUMITOMO MITSUI FINANCIAL   2.30      01/12/41      USD      65.84
TAKEDA PHARMACEUTICAL CO    3.18      07/09/50      USD      73.51
TAKEDA PHARMACEUTICAL CO    3.38      07/09/60      USD      72.40
TKJP CORP                   0.58      03/26/21      JPY      2.02
TKJP CORP                   0.85      03/06/19      JPY      2.02
TKJP CORP                   1.02      12/15/17      JPY      0.50
TOHO GAS CO LTD             0.86      04/18/59      JPY      74.33
TOKYO GAS CO LTD            0.88      05/23/59      JPY      74.82
TOKYO GAS CO LTD            0.83      05/28/60      JPY      73.31
TOKYO GAS CO LTD            0.69      12/25/57      JPY      71.17
TOKYO GAS CO LTD            1.09      09/10/70      JPY      70.92
TOKYO GAS CO LTD            0.99      05/28/70      JPY      68.27
TOKYO GAS CO LTD            0.53      09/12/59      JPY      65.25
TOKYO METRO CO LTD          0.91      09/17/60      JPY      74.64
TOKYO METRO CO LTD          0.77      06/27/59      JPY      71.94
TOKYO METRO CO LTD          1.13      01/22/71      JPY      71.87
TOKYO METRO CO LTD          1.09      06/12/70      JPY      70.92
TOKYO METRO CO LTD          1.07      09/18/70      JPY      70.31
TOKYO METRO CO LTD          0.94      01/31/70      JPY      66.63
UNIZO HOLDINGS CO LTD       0.85      05/26/23      JPY      41.17
UNIZO HOLDINGS CO LTD       0.80      11/29/23      JPY      38.45
UNIZO HOLDINGS CO LTD       0.89      05/29/24      JPY      31.04
UNIZO HOLDINGS CO LTD       1.10      11/28/24      JPY      29.03
UNIZO HOLDINGS CO LTD       0.99      11/27/26      JPY      26.99
UNIZO HOLDINGS CO LTD       1.20      05/28/27      JPY      23.71
UNIZO HOLDINGS CO LTD       1.50      11/26/27      JPY      23.58
URBAN RENAISSANCE AGENCY    0.75      03/19/60      JPY      74.01
URBAN RENAISSANCE AGENCY    0.32      06/18/49      JPY      73.36
URBAN RENAISSANCE AGENCY    0.69      03/19/59      JPY      72.42
URBAN RENAISSANCE AGENCY    1.00      06/19/71      JPY      72.26
URBAN RENAISSANCE AGENCY    0.68      03/19/59      JPY      72.15
URBAN RENAISSANCE AGENCY    0.43      03/19/59      JPY      65.49
WEST JAPAN RAILWAY CO       0.86      05/21/60      JPY      73.63
WEST JAPAN RAILWAY CO       0.40      08/27/49      JPY      72.75
WEST JAPAN RAILWAY CO       1.13      04/22/71      JPY      71.80
WEST JAPAN RAILWAY CO       1.10      08/27/70      JPY      71.28
WEST JAPAN RAILWAY CO       1.03      05/21/70      JPY      69.27


   KOREA
   -----

BUSAN PORT AUTHORITY        1.65      09/06/36      KRW      72.95
BUSAN PORT AUTHORITY        1.85      03/20/40      KRW      70.99
BUSAN PORT AUTHORITY        2.40      10/15/51      KRW      70.39
BUSAN PORT AUTHORITY        2.39      10/08/51      KRW      70.24
BUSAN PORT AUTHORITY        1.65      08/21/40      KRW      68.19
CITIBANK KOREA INC          2.33      08/01/36      KRW      63.05
CJ CGV CO LTD               1.00      06/08/51      KRW      27.11
CJ CGV CO LTD               0.50      07/21/52      KRW      26.04
EXPORT-IMPORT BANK OF KOR   4.73      10/18/32      KRW      73.95
EXPORT-IMPORT BANK OF KOR   2.63      04/25/52      EUR      73.95
EXPORT-IMPORT BANK OF KOR   2.50      06/29/41      USD      73.11
EXPORT-IMPORT BANK OF KOR   2.65      04/07/36      AUD      72.71
EXPORT-IMPORT BANK OF KOR   2.70      12/22/36      AUD      70.91
EXPORT-IMPORT BANK OF KOR   2.51      12/06/49      AUD      56.09
GS CALTEX CORP              2.26      03/03/36      KRW      73.28
HANA BANK                   1.86      08/23/39      KRW      75.05
HANA BANK                   1.80      08/26/40      KRW      74.29
HANA BANK                   1.78      08/23/39      KRW      74.19
HEUNGKUK FIRE & MARINE IN   5.70      12/29/46      KRW      35.74
KOREA DEVELOPMENT BANK/TH   2.55      02/27/49      KRW      76.27
KOREA DEVELOPMENT BANK/TH   1.71      08/09/39      KRW      75.70
KOREA DEVELOPMENT BANK/TH   1.85      09/15/40      KRW      75.41
KOREA DEVELOPMENT BANK/TH   2.50      03/19/49      KRW      75.27
KOREA DEVELOPMENT BANK/TH   2.57      04/01/36      AUD      74.89
KOREA DEVELOPMENT BANK/TH   2.97      10/21/51      KRW      74.49
KOREA DEVELOPMENT BANK/TH   3.24      11/30/41      AUD      73.61
KOREA DEVELOPMENT BANK/TH   2.42      02/15/49      KRW      73.54
KOREA DEVELOPMENT BANK/TH   2.55      09/30/36      AUD      73.48
KOREA DEVELOPMENT BANK/TH   2.75      10/07/51      KRW      73.26
KOREA DEVELOPMENT BANK/TH   3.19      11/26/41      AUD      73.02
KOREA DEVELOPMENT BANK/TH   2.42      05/20/49      KRW      72.78
KOREA DEVELOPMENT BANK/TH   2.40      05/20/49      KRW      71.09
KOREA DEVELOPMENT BANK/TH   2.30      10/11/46      KRW      70.81
KOREA DEVELOPMENT BANK/TH   2.63      07/02/51      KRW      70.41
KOREA DEVELOPMENT BANK/TH   2.78      10/18/41      AUD      69.03
KOREA DEVELOPMENT BANK/TH   2.37      09/29/46      KRW      68.66
KOREA DEVELOPMENT BANK/TH   2.12      06/21/49      KRW      67.35
KOREA DEVELOPMENT BANK/TH   2.30      08/30/51      KRW      67.26
KOREA DEVELOPMENT BANK/TH   2.30      08/30/51      KRW      67.26
KOREA DEVELOPMENT BANK/TH   2.14      06/21/49      KRW      67.23
KOREA DEVELOPMENT BANK/TH   2.55      09/28/41      AUD      66.06
KOREA DEVELOPMENT BANK/TH   2.50      09/28/41      AUD      65.57
KOREA DEVELOPMENT BANK/TH   1.91      09/18/50      KRW      65.43
KOREA DEVELOPMENT BANK/TH   1.86      10/19/50      KRW      64.47
KOREA DEVELOPMENT BANK/TH   2.00      07/31/49      KRW      64.25
KOREA DEVELOPMENT BANK/TH   2.00      08/01/49      KRW      64.05
KOREA DEVELOPMENT BANK/TH   2.00      08/01/49      KRW      64.05
KOREA DEVELOPMENT BANK/TH   1.85      09/24/49      KRW      63.78
KOREA DISTRICT HEATING CO   1.98      04/26/39      KRW      73.35
KOREA DISTRICT HEATING CO   1.88      11/06/39      KRW      71.60
KOREA EAST-WEST POWER CO    2.62      11/03/41      KRW      70.36
KOREA EAST-WEST POWER CO    2.30      11/05/38      KRW      69.88
KOREA EAST-WEST POWER CO    2.56      11/22/41      KRW      69.37
KOREA EAST-WEST POWER CO    2.18      03/07/39      KRW      67.88
KOREA EAST-WEST POWER CO    2.52      11/22/51      KRW      61.45
KOREA EAST-WEST POWER CO    1.78      11/24/40      KRW      61.19
KOREA EAST-WEST POWER CO    1.70      07/16/40      KRW      60.89
KOREA EAST-WEST POWER CO    1.47      10/07/39      KRW      59.45
KOREA EAST-WEST POWER CO    2.23      11/05/48      KRW      59.36
KOREA EAST-WEST POWER CO    2.16      03/07/49      KRW      57.95
KOREA EAST-WEST POWER CO    1.70      07/16/50      KRW      50.30
KOREA EAST-WEST POWER CO    1.42      10/07/49      KRW      46.91
KOREA ELECTRIC POWER CORP   2.30      10/29/48      KRW      68.16
KOREA ELECTRIC POWER CORP   1.71      10/24/49      KRW      58.37
KOREA EXPRESSWAY CORP       2.58      01/21/52      KRW      74.34
KOREA EXPRESSWAY CORP       2.54      12/08/47      KRW      74.04
KOREA EXPRESSWAY CORP       2.15      03/26/41      KRW      73.86
KOREA EXPRESSWAY CORP       2.59      10/28/51      KRW      73.83
KOREA EXPRESSWAY CORP       2.15      04/15/41      KRW      73.62
KOREA EXPRESSWAY CORP       2.07      07/23/41      KRW      72.78
KOREA EXPRESSWAY CORP       2.35      03/17/47      KRW      72.37
KOREA EXPRESSWAY CORP       1.54      07/20/36      KRW      72.35
KOREA EXPRESSWAY CORP       2.31      06/21/47      KRW      72.05
KOREA EXPRESSWAY CORP       2.35      09/21/47      KRW      71.88
KOREA EXPRESSWAY CORP       2.30      02/17/47      KRW      71.81
KOREA EXPRESSWAY CORP       2.43      11/19/51      KRW      70.94
KOREA EXPRESSWAY CORP       2.30      09/14/48      KRW      70.89
KOREA EXPRESSWAY CORP       2.35      12/16/51      KRW      70.68
KOREA EXPRESSWAY CORP       2.40      11/11/51      KRW      70.55
KOREA EXPRESSWAY CORP       2.39      10/14/51      KRW      70.52
KOREA EXPRESSWAY CORP       1.78      04/02/40      KRW      70.15
KOREA EXPRESSWAY CORP       1.73      04/24/40      KRW      69.31
KOREA EXPRESSWAY CORP       2.28      04/08/51      KRW      69.03
KOREA EXPRESSWAY CORP       1.73      11/05/40      KRW      68.84
KOREA EXPRESSWAY CORP       2.30      12/03/51      KRW      68.77
KOREA EXPRESSWAY CORP       2.20      11/22/48      KRW      68.56
KOREA EXPRESSWAY CORP       1.63      06/18/40      KRW      68.49
KOREA EXPRESSWAY CORP       2.20      06/17/51      KRW      68.26
KOREA EXPRESSWAY CORP       2.15      02/22/49      KRW      68.22
KOREA EXPRESSWAY CORP       2.14      03/08/49      KRW      68.04
KOREA EXPRESSWAY CORP       2.13      03/19/49      KRW      67.77
KOREA EXPRESSWAY CORP       2.18      03/11/51      KRW      67.61
KOREA EXPRESSWAY CORP       2.01      05/25/46      KRW      67.55
KOREA EXPRESSWAY CORP       1.58      05/21/40      KRW      67.26
KOREA EXPRESSWAY CORP       2.14      07/09/51      KRW      67.15
KOREA EXPRESSWAY CORP       2.10      09/09/51      KRW      65.83
KOREA EXPRESSWAY CORP       1.90      11/10/46      KRW      65.54
KOREA EXPRESSWAY CORP       2.00      12/07/48      KRW      65.47
KOREA EXPRESSWAY CORP       1.98      04/25/49      KRW      65.14
KOREA EXPRESSWAY CORP       2.04      08/13/51      KRW      65.07
KOREA EXPRESSWAY CORP       1.96      04/11/49      KRW      64.99
KOREA EXPRESSWAY CORP       1.85      10/24/46      KRW      64.97
KOREA EXPRESSWAY CORP       1.86      12/23/50      KRW      62.69
KOREA EXPRESSWAY CORP       1.79      05/30/49      KRW      61.81
KOREA EXPRESSWAY CORP       1.57      08/26/46      KRW      61.28
KOREA EXPRESSWAY CORP       1.81      11/12/50      KRW      61.23
KOREA EXPRESSWAY CORP       1.71      04/09/50      KRW      60.26
KOREA EXPRESSWAY CORP       1.71      10/29/50      KRW      59.65
KOREA EXPRESSWAY CORP       1.52      03/12/50      KRW      57.61
KOREA EXPRESSWAY CORP       1.47      09/25/49      KRW      56.71
KOREA EXPRESSWAY CORP       1.32      08/22/49      KRW      54.65
KOREA GAS CORP              1.77      06/22/36      KRW      74.29
KOREA GAS CORP              1.80      08/22/44      KRW      70.41
KOREA GAS CORP              1.70      11/28/39      KRW      69.19
KOREA GAS CORP              1.66      02/20/40      KRW      68.40
KOREA GAS CORP              1.60      10/17/39      KRW      68.19
KOREA HYDRO & NUCLEAR POW   2.60      11/03/41      KRW      71.05
KOREA HYDRO & NUCLEAR POW   2.49      10/14/41      KRW      69.86
KOREA HYDRO & NUCLEAR POW   2.88      05/11/48      KRW      69.74
KOREA HYDRO & NUCLEAR POW   3.02      03/11/52      KRW      69.61
KOREA HYDRO & NUCLEAR POW   2.97      02/17/52      KRW      69.06
KOREA HYDRO & NUCLEAR POW   2.81      06/05/48      KRW      68.49
KOREA HYDRO & NUCLEAR POW   2.31      06/29/41      KRW      68.06
KOREA HYDRO & NUCLEAR POW   2.47      10/17/47      KRW      64.54
KOREA HYDRO & NUCLEAR POW   1.81      06/05/39      KRW      64.30
KOREA HYDRO & NUCLEAR POW   2.41      09/18/47      KRW      63.90
KOREA HYDRO & NUCLEAR POW   2.59      11/03/51      KRW      63.49
KOREA HYDRO & NUCLEAR POW   1.80      04/02/40      KRW      63.44
KOREA HYDRO & NUCLEAR POW   1.81      04/28/40      KRW      63.34
KOREA HYDRO & NUCLEAR POW   1.76      11/27/39      KRW      63.14
KOREA HYDRO & NUCLEAR POW   1.80      11/23/40      KRW      62.33
KOREA HYDRO & NUCLEAR POW   1.59      10/16/39      KRW      61.61
KOREA HYDRO & NUCLEAR POW   2.45      10/14/51      KRW      61.57
KOREA HYDRO & NUCLEAR POW   1.63      06/15/40      KRW      61.20
KOREA HYDRO & NUCLEAR POW   2.25      10/26/48      KRW      60.48
KOREA HYDRO & NUCLEAR POW   1.57      05/25/40      KRW      60.30
KOREA HYDRO & NUCLEAR POW   2.31      06/29/51      KRW      59.68
KOREA HYDRO & NUCLEAR POW   1.82      06/05/49      KRW      53.47
KOREA HYDRO & NUCLEAR POW   1.83      04/28/50      KRW      53.14
KOREA HYDRO & NUCLEAR POW   1.80      04/02/50      KRW      52.87
KOREA HYDRO & NUCLEAR POW   1.78      11/23/50      KRW      51.78
KOREA HYDRO & NUCLEAR POW   1.70      11/27/49      KRW      51.44
KOREA HYDRO & NUCLEAR POW   1.66      06/15/50      KRW      50.66
KOREA HYDRO & NUCLEAR POW   1.58      10/16/49      KRW      49.90
KOREA HYDRO & NUCLEAR POW   1.59      05/25/50      KRW      49.32
KOREA LAND & HOUSING CORP   3.00      11/04/51      KRW      73.85
KOREA LAND & HOUSING CORP   2.36      01/26/46      KRW      73.65
KOREA LAND & HOUSING CORP   2.45      08/29/48      KRW      73.12
KOREA LAND & HOUSING CORP   2.08      02/23/41      KRW      73.02
KOREA LAND & HOUSING CORP   1.60      09/28/36      KRW      72.25
KOREA LAND & HOUSING CORP   2.32      06/16/47      KRW      72.03
KOREA LAND & HOUSING CORP   2.31      01/18/47      KRW      72.01
KOREA LAND & HOUSING CORP   1.57      09/08/36      KRW      71.74
KOREA LAND & HOUSING CORP   2.29      06/22/47      KRW      71.60
KOREA LAND & HOUSING CORP   1.89      01/22/41      KRW      70.81
KOREA LAND & HOUSING CORP   2.37      10/20/51      KRW      70.18
KOREA LAND & HOUSING CORP   2.33      05/25/51      KRW      69.49
KOREA LAND & HOUSING CORP   1.68      07/02/40      KRW      68.69
KOREA LAND & HOUSING CORP   1.66      08/27/40      KRW      68.10
KOREA LAND & HOUSING CORP   1.61      06/10/40      KRW      67.48
KOREA LAND & HOUSING CORP   2.15      03/05/51      KRW      67.11
KOREA LAND & HOUSING CORP   2.15      09/15/51      KRW      66.74
KOREA LAND & HOUSING CORP   1.83      10/19/46      KRW      64.45
KOREA LAND & HOUSING CORP   1.97      01/29/51      KRW      64.37
KOREA LAND & HOUSING CORP   1.87      05/24/49      KRW      63.13
KOREA LAND & HOUSING CORP   1.61      07/19/46      KRW      62.05
KOREA LAND & HOUSING CORP   1.62      07/27/46      KRW      62.04
KOREA LAND & HOUSING CORP   1.74      01/22/50      KRW      61.52
KOREA LAND & HOUSING CORP   1.78      04/08/50      KRW      61.48
KOREA LAND & HOUSING CORP   1.78      04/29/50      KRW      61.29
KOREA LAND & HOUSING CORP   2.17      10/30/68      KRW      60.56
KOREA LAND & HOUSING CORP   1.70      06/13/49      KRW      60.44
KOREA LAND & HOUSING CORP   1.67      07/07/50      KRW      59.87
KOREA LAND & HOUSING CORP   1.66      09/18/50      KRW      59.31
KOREA LAND & HOUSING CORP   1.65      08/27/50      KRW      59.28
KOREA LAND & HOUSING CORP   1.54      03/09/50      KRW      57.89
KOREA LAND & HOUSING CORP   1.57      05/27/50      KRW      57.62
KOREA LAND & HOUSING CORP   1.28      08/23/49      KRW      54.01
KOREA MIDLAND POWER CO LT   2.70      07/09/38      KRW      74.81
KOREA MIDLAND POWER CO LT   2.47      08/03/37      KRW      73.21
KOREA MIDLAND POWER CO LT   2.83      01/17/42      KRW      72.78
KOREA MIDLAND POWER CO LT   2.30      09/10/38      KRW      69.81
KOREA MIDLAND POWER CO LT   2.24      10/31/38      KRW      69.27
KOREA MIDLAND POWER CO LT   3.01      02/17/52      KRW      68.83
KOREA MIDLAND POWER CO LT   2.19      02/08/39      KRW      68.31
KOREA MIDLAND POWER CO LT   2.87      01/24/52      KRW      66.89
KOREA MIDLAND POWER CO LT   1.96      05/21/39      KRW      65.27
KOREA MIDLAND POWER CO LT   1.92      10/30/39      KRW      64.36
KOREA MIDLAND POWER CO LT   1.75      06/18/39      KRW      63.15
KOREA MIDLAND POWER CO LT   1.66      06/18/40      KRW      60.65
KOREA MIDLAND POWER CO LT   1.59      03/18/40      KRW      60.27
KOREA MIDLAND POWER CO LT   1.64      07/21/40      KRW      60.11
KOREA MIDLAND POWER CO LT   1.66      08/25/40      KRW      60.10
KOREA MIDLAND POWER CO LT   2.26      09/10/48      KRW      59.68
KOREA MIDLAND POWER CO LT   1.53      02/25/40      KRW      59.35
KOREA MIDLAND POWER CO LT   2.17      10/31/48      KRW      58.56
KOREA MIDLAND POWER CO LT   2.17      02/08/49      KRW      58.21
KOREA MIDLAND POWER CO LT   1.99      03/26/49      KRW      55.83
KOREA MIDLAND POWER CO LT   1.95      05/21/49      KRW      54.74
KOREA MIDLAND POWER CO LT   1.86      11/13/49      KRW      53.04
KOREA MIDLAND POWER CO LT   1.72      06/18/49      KRW      51.61
KOREA MIDLAND POWER CO LT   1.69      06/18/50      KRW      50.36
KOREA MIDLAND POWER CO LT   1.53      02/25/50      KRW      47.91
KOREA MINE REHABILITATION   2.06      04/03/40      KRW      72.23
KOREA MINE REHABILITATION   3.20      07/15/40      USD      70.87
KOREA MINE REHABILITATION   1.90      07/13/40      KRW      69.95
KOREA MINE REHABILITATION   3.01      02/26/40      AUD      65.91
KOREA MINE REHABILITATION   2.07      01/06/51      KRW      64.00
KOREA MINE REHABILITATION   1.93      07/15/50      KRW      62.02
KOREA OCEAN BUSINESS CORP   2.01      03/28/49      KRW      65.84
KOREA OCEAN BUSINESS CORP   1.70      04/16/50      KRW      60.12
KOREA OCEAN BUSINESS CORP   1.67      06/16/50      KRW      59.67
KOREA OCEAN BUSINESS CORP   1.69      10/27/50      KRW      59.42
KOREA OCEAN BUSINESS CORP   1.63      12/11/49      KRW      59.20
KOREA OCEAN BUSINESS CORP   1.59      05/22/50      KRW      58.15
KOREA OCEAN BUSINESS CORP   1.50      09/27/49      KRW      57.37
KOREA OVERSEAS INFRASTRUC   1.76      10/28/50      KRW      60.27
KOREA RAIL NETWORK AUTHOR   2.52      05/19/47      KRW      74.18
KOREA RAIL NETWORK AUTHOR   2.42      08/07/47      KRW      73.38
KOREA RAIL NETWORK AUTHOR   2.56      10/26/51      KRW      73.34
KOREA RAIL NETWORK AUTHOR   2.43      04/06/47      KRW      73.16
KOREA RAIL NETWORK AUTHOR   2.55      11/04/51      KRW      73.11
KOREA RAIL NETWORK AUTHOR   2.43      04/20/47      KRW      73.09
KOREA RAIL NETWORK AUTHOR   2.41      06/08/47      KRW      72.39
KOREA RAIL NETWORK AUTHOR   2.35      03/20/47      KRW      72.20
KOREA RAIL NETWORK AUTHOR   2.31      02/14/47      KRW      71.93
KOREA RAIL NETWORK AUTHOR   2.41      11/17/51      KRW      70.61
KOREA RAIL NETWORK AUTHOR   2.28      09/12/48      KRW      70.43
KOREA RAIL NETWORK AUTHOR   2.36      10/08/51      KRW      70.42
KOREA RAIL NETWORK AUTHOR   2.13      04/04/46      KRW      69.66
KOREA RAIL NETWORK AUTHOR   2.20      11/13/48      KRW      68.70
KOREA RAIL NETWORK AUTHOR   1.65      06/24/40      KRW      68.65
KOREA RAIL NETWORK AUTHOR   2.15      07/13/51      KRW      67.41
KOREA RAIL NETWORK AUTHOR   2.10      03/25/51      KRW      66.29
KOREA RAIL NETWORK AUTHOR   1.90      06/13/46      KRW      65.77
KOREA RAIL NETWORK AUTHOR   2.03      08/06/51      KRW      65.18
KOREA RAIL NETWORK AUTHOR   1.93      05/16/49      KRW      64.17
KOREA RAIL NETWORK AUTHOR   1.72      06/28/46      KRW      63.94
KOREA RAIL NETWORK AUTHOR   1.85      11/05/49      KRW      62.82
KOREA RAIL NETWORK AUTHOR   1.75      11/20/49      KRW      61.22
KOREA RAIL NETWORK AUTHOR   1.76      04/23/50      KRW      61.07
KOREA RAIL NETWORK AUTHOR   1.65      02/03/50      KRW      60.06
KOREA RAIL NETWORK AUTHOR   1.64      02/19/50      KRW      59.72
KOREA RAIL NETWORK AUTHOR   1.59      05/21/50      KRW      58.16
KOREA RAIL NETWORK AUTHOR   1.51      10/11/49      KRW      57.50
KOREA RAIL NETWORK AUTHOR   1.46      09/27/49      KRW      56.80
KOREA RAILROAD CORP         2.49      04/12/47      KRW      73.84
KOREA RAILROAD CORP         2.43      03/07/47      KRW      73.55
KOREA RAILROAD CORP         2.40      03/03/47      KRW      72.97
KOREA RAILROAD CORP         2.40      03/21/47      KRW      72.74
KOREA RAILROAD CORP         2.38      07/20/47      KRW      72.58
KOREA RAILROAD CORP         2.39      11/23/46      KRW      72.43
KOREA RAILROAD CORP         1.57      08/09/36      KRW      72.28
KOREA RAILROAD CORP         2.38      09/19/47      KRW      72.27
KOREA RAILROAD CORP         2.38      09/12/47      KRW      72.15
KOREA RAILROAD CORP         2.51      11/05/51      KRW      72.06
KOREA RAILROAD CORP         1.56      08/26/36      KRW      72.02
KOREA RAILROAD CORP         2.35      12/06/46      KRW      71.85
KOREA RAILROAD CORP         2.13      03/13/49      KRW      67.49
KOREA RAILROAD CORP         2.19      04/14/51      KRW      67.21
KOREA RAILROAD CORP         1.94      11/03/46      KRW      66.10
KOREA RAILROAD CORP         2.00      04/05/49      KRW      65.30
KOREA RAILROAD CORP         2.01      04/24/49      KRW      65.26
KOREA RAILROAD CORP         2.04      07/22/51      KRW      65.11
KOREA RAILROAD CORP         1.88      10/27/46      KRW      65.11
KOREA RAILROAD CORP         1.67      04/14/50      KRW      59.52
KOREA RAILROAD CORP         1.59      07/18/49      KRW      59.03
KOREA RAILROAD CORP         1.61      08/12/50      KRW      58.27
KOREA RAILROAD CORP         1.56      03/18/50      KRW      57.94
KOREA RAILROAD CORP         1.47      09/19/49      KRW      56.60
KOREA RAILROAD CORP         1.44      07/26/49      KRW      56.48
KOREA RAILROAD CORP         1.31      08/29/49      KRW      54.24
KOREA SMES AND STARTUPS A   1.84      11/14/39      KRW      71.21
KOREA SMES AND STARTUPS A   1.78      03/20/40      KRW      70.27
KOREA SMES AND STARTUPS A   1.76      09/03/40      KRW      69.21
KOREA SMES AND STARTUPS A   1.64      10/16/40      KRW      67.83
KOREA SMES AND STARTUPS A   1.31      08/09/39      KRW      65.14
KOREA SMES AND STARTUPS A   1.87      03/24/50      KRW      63.32
KOREA SOUTH-EAST POWER CO   2.64      07/26/38      KRW      73.95
KOREA SOUTH-EAST POWER CO   3.13      03/28/52      KRW      71.00
KOREA SOUTH-EAST POWER CO   2.32      11/09/38      KRW      70.02
KOREA SOUTH-EAST POWER CO   2.77      04/12/48      KRW      67.72
KOREA SOUTH-EAST POWER CO   2.60      07/26/48      KRW      65.02
KOREA SOUTH-EAST POWER CO   1.97      01/26/41      KRW      63.35
KOREA SOUTH-EAST POWER CO   1.68      06/26/39      KRW      62.32
KOREA SOUTH-EAST POWER CO   2.47      11/09/51      KRW      60.80
KOREA SOUTH-EAST POWER CO   1.63      06/11/40      KRW      59.96
KOREA SOUTH-EAST POWER CO   2.19      11/09/48      KRW      58.77
KOREA SOUTH-EAST POWER CO   1.96      01/26/51      KRW      53.73
KOREA SOUTH-EAST POWER CO   1.69      06/26/49      KRW      51.15
KOREA SOUTH-EAST POWER CO   1.65      06/11/50      KRW      49.31
KOREA SOUTHERN POWER CO L   2.57      07/07/37      KRW      74.44
KOREA SOUTHERN POWER CO L   2.50      06/16/37      KRW      73.91
KOREA SOUTHERN POWER CO L   2.60      06/03/41      KRW      71.76
KOREA SOUTHERN POWER CO L   2.66      11/04/41      KRW      70.73
KOREA SOUTHERN POWER CO L   2.38      07/28/41      KRW      67.58
KOREA SOUTHERN POWER CO L   1.84      11/20/39      KRW      63.32
KOREA SOUTHERN POWER CO L   2.59      11/04/51      KRW      62.67
KOREA SOUTHERN POWER CO L   2.43      09/28/48      KRW      62.65
KOREA SOUTHERN POWER CO L   1.67      12/19/39      KRW      61.48
KOREA SOUTHERN POWER CO L   1.66      06/18/40      KRW      60.65
KOREA SOUTHERN POWER CO L   1.66      06/25/40      KRW      60.65
KOREA SOUTHERN POWER CO L   1.33      08/13/39      KRW      57.96
KOREA SOUTHERN POWER CO L   1.80      11/20/49      KRW      52.19
KOREA SOUTHERN POWER CO L   1.68      06/25/50      KRW      50.11
KOREA SOUTHERN POWER CO L   1.63      12/19/49      KRW      49.88
KOREA SOUTHERN POWER CO L   1.29      08/13/49      KRW      44.93
KOREA STUDENT AID FOUNDAT   1.69      10/25/36      KRW      73.17
KOREA STUDENT AID FOUNDAT   1.63      09/22/36      KRW      72.88
KOREA STUDENT AID FOUNDAT   1.52      08/25/36      KRW      71.96
KOREA STUDENT AID FOUNDAT   1.52      08/24/36      KRW      71.95
KOREA STUDENT AID FOUNDAT   1.54      09/28/36      KRW      71.81
KOREA STUDENT AID FOUNDAT   1.88      03/25/40      KRW      71.70
KOREA STUDENT AID FOUNDAT   1.41      09/06/39      KRW      66.59
KOREA TREASURY BOND         1.50      09/10/40      KRW      74.36
KOREA TREASURY BOND         1.88      03/10/51      KRW      70.92
KOREA TREASURY BOND         1.13      09/10/39      KRW      70.47
KOREA TREASURY BOND         2.00      09/10/68      KRW      67.07
KOREA TREASURY BOND         1.50      03/10/50      KRW      65.85
KOREA TREASURY BOND         1.63      09/10/70      KRW      57.60
KOREA TREASURY BOND         1.50      09/10/66      KRW      56.37
KOREA WATER RESOURCES COR   2.37      12/18/43      KRW      75.00
KOREA WATER RESOURCES COR   1.76      10/18/36      KRW      73.79
KOREA WATER RESOURCES COR   1.56      08/24/35      KRW      73.52
KOREA WATER RESOURCES COR   2.39      03/24/47      KRW      73.14
KOREA WATER RESOURCES COR   2.41      12/13/46      KRW      72.98
KOREA WATER RESOURCES COR   2.30      02/09/47      KRW      72.05
KOREA WATER RESOURCES COR   1.74      06/14/39      KRW      70.96
KOREA WATER RESOURCES COR   2.94      03/13/48      KRW      70.49
KOREA WATER RESOURCES COR   2.56      05/26/51      KRW      67.75
KOREA WATER RESOURCES COR   1.97      12/20/48      KRW      66.08
KOREA WATER RESOURCES COR   1.83      06/24/46      KRW      65.89
KOREA WATER RESOURCES COR   1.82      06/22/46      KRW      65.67
KOREA WATER RESOURCES COR   1.71      01/10/50      KRW      61.19
KOREA WATER RESOURCES COR   1.68      07/01/49      KRW      60.88
KOREA WATER RESOURCES COR   1.63      07/16/49      KRW      60.13
KOREA WATER RESOURCES COR   1.63      10/21/49      KRW      59.39
KOREA WATER RESOURCES COR   1.54      03/13/50      KRW      57.99
KOREA WESTERN POWER CO LT   2.47      06/23/37      KRW      73.54
KOREA WESTERN POWER CO LT   2.47      07/21/37      KRW      73.28
KOREA WESTERN POWER CO LT   2.51      09/05/37      KRW      73.27
KOREA WESTERN POWER CO LT   2.78      01/24/42      KRW      72.24
KOREA WESTERN POWER CO LT   3.20      03/28/52      KRW      72.08
KOREA WESTERN POWER CO LT   2.27      09/14/38      KRW      70.05
KOREA WESTERN POWER CO LT   2.25      11/01/38      KRW      69.33
KOREA WESTERN POWER CO LT   2.50      11/10/41      KRW      68.82
KOREA WESTERN POWER CO LT   2.81      04/20/48      KRW      68.25
KOREA WESTERN POWER CO LT   2.46      09/28/47      KRW      63.83
KOREA WESTERN POWER CO LT   1.69      06/23/40      KRW      61.02
KOREA WESTERN POWER CO LT   1.68      08/27/40      KRW      60.33
KOREA WESTERN POWER CO LT   2.25      09/14/48      KRW      60.04
KOREA WESTERN POWER CO LT   1.59      05/28/40      KRW      59.61
KOREA WESTERN POWER CO LT   2.20      11/01/48      KRW      58.99
KOREA WESTERN POWER CO LT   1.88      12/22/50      KRW      52.74
KOREA WESTERN POWER CO LT   1.76      11/05/50      KRW      50.77
KOREA WESTERN POWER CO LT   1.68      08/27/50      KRW      49.70
KOREA WESTERN POWER CO LT   1.62      05/28/50      KRW      48.93
KT CORP                     2.21      01/14/39      KRW      69.84
KT CORP                     1.98      01/25/41      KRW      64.49
KT CORP                     1.67      10/11/39      KRW      62.74
KT CORP                     1.71      06/15/40      KRW      62.36
LG CHEM LTD                 2.22      02/19/36      KRW      73.26
LG ELECTRONICS INC          2.22      02/25/35      KRW      73.82
LG ELECTRONICS INC          2.83      02/09/41      KRW      71.15
LG ELECTRONICS INC          2.66      07/06/40      KRW      68.85
LG UPLUS CORP               2.14      07/02/34      KRW      74.33
LG UPLUS CORP               3.01      01/26/42      KRW      74.04
LG UPLUS CORP               2.94      11/01/41      KRW      73.39
LG UPLUS CORP               2.06      01/21/35      KRW      72.53
LG UPLUS CORP               2.10      02/02/36      KRW      71.16
SAMPYO CEMENT CO LTD        8.10      06/26/15      KRW      70.00
SAMPYO CEMENT CO LTD        8.10      04/12/15      KRW      70.00
SAMPYO CEMENT CO LTD        8.30      09/10/14      KRW      70.00
SAMPYO CEMENT CO LTD        7.50      07/20/14      KRW      70.00
SAMPYO CEMENT CO LTD        8.30      04/20/14      KRW      70.00
SANUPKIBAN SINBO SECURITI   3.40      02/16/51      KRW      75.28
SANUPKIBANSINBO BUSAN-GIM   1.81      10/01/34      KRW      72.21
SANUPKIBANSINBO BUSAN-GIM   1.83      10/01/36      KRW      68.95
SANUPKIBANSINBO BUSAN-GIM   1.85      10/01/38      KRW      66.01
SANUPKIBANSINBO BUSAN-GIM   1.87      10/01/40      KRW      63.38
SANUPKIBANSINBO BUSAN-GIM   1.89      09/17/41      KRW      62.39
SEOUL METROPOLITAN CITY B   1.85      10/30/49      KRW      70.88
SEOUL METROPOLITAN CITY B   1.69      11/22/49      KRW      67.93
SHINHAN BANK CO LTD         1.80      08/29/39      KRW      70.77
SINBO SECURITIZATION SPEC   5.00      01/29/23      KRW      75.00
SK HYNIX INC                2.38      01/19/31      USD      74.55
SK HYNIX INC                2.38      01/19/31      USD      73.96
SK TELECOM CO LTD           2.24      03/04/36      KRW      73.21
SK TELECOM CO LTD           2.44      09/17/38      KRW      72.43
SK TELECOM CO LTD           2.68      10/28/41      KRW      71.69
SK TELECOM CO LTD           2.23      03/06/39      KRW      69.07
SK TELECOM CO LTD           1.87      01/14/40      KRW      64.08
SK TELECOM CO LTD           1.81      10/22/39      KRW      63.72
SK TELECOM CO LTD           1.89      01/15/41      KRW      63.10
SK TELECOM CO LTD           1.76      10/19/40      KRW      61.80
SK TELECOM CO LTD           1.52      07/29/39      KRW      60.78
SK TELECOM CO LTD           1.56      07/29/49      KRW      49.64


  SRI LANKA
  ---------

SRI LANKA GOVERNMENT BOND   18.00     05/01/27      LKR      74.91
SRI LANKA GOVERNMENT BOND   18.00     01/15/28      LKR      72.42
SRI LANKA GOVERNMENT BOND   10.25     03/15/25      LKR      71.68
SRI LANKA GOVERNMENT BOND   6.00      12/01/24      LKR      69.14
SRI LANKA GOVERNMENT BOND   11.00     08/01/25      LKR      68.89
SRI LANKA GOVERNMENT BOND   9.00      05/01/25      LKR      68.45
SRI LANKA GOVERNMENT BOND   18.00     05/15/31      LKR      68.21
SRI LANKA GOVERNMENT BOND   10.35     10/15/25      LKR      66.86
SRI LANKA GOVERNMENT BOND   18.00     07/01/32      LKR      65.85
SRI LANKA GOVERNMENT BOND   11.00     06/01/26      LKR      63.61
SRI LANKA GOVERNMENT BOND   11.50     08/01/26      LKR      63.16
SRI LANKA GOVERNMENT BOND   9.00      02/01/26      LKR      61.82
SRI LANKA GOVERNMENT BOND   11.40     01/15/27      LKR      61.57
SRI LANKA GOVERNMENT BOND   11.75     06/15/27      LKR      60.55
SRI LANKA GOVERNMENT BOND   13.50     01/01/44      LKR      60.22
SRI LANKA GOVERNMENT BOND   13.50     06/01/44      LKR      60.18
SRI LANKA GOVERNMENT BOND   13.00     01/01/29      LKR      59.48
SRI LANKA GOVERNMENT BOND   13.00     05/01/29      LKR      58.70
SRI LANKA GOVERNMENT BOND   6.75      01/15/26      LKR      57.79
SRI LANKA GOVERNMENT BOND   11.25     12/15/27      LKR      57.08
SRI LANKA GOVERNMENT BOND   11.50     09/01/28      LKR      56.54
SRI LANKA GOVERNMENT BOND   10.75     03/15/28      LKR      56.16
SRI LANKA GOVERNMENT BOND   12.50     03/01/45      LKR      56.07
SRI LANKA GOVERNMENT BOND   10.30     10/15/27      LKR      55.31
SRI LANKA GOVERNMENT BOND   12.00     01/01/41      LKR      54.13
SRI LANKA GOVERNMENT BOND   5.35      03/01/26      LKR      53.70
SRI LANKA GOVERNMENT BOND   13.25     01/01/34      LKR      52.46
SRI LANKA GOVERNMENT BOND   13.25     07/01/33      LKR      51.65
SRI LANKA GOVERNMENT BOND   11.00     05/15/30      LKR      50.89
SRI LANKA GOVERNMENT BOND   9.00      05/01/28      LKR      50.76
SRI LANKA GOVERNMENT BOND   12.00     12/01/31      LKR      50.39
SRI LANKA GOVERNMENT BOND   11.25     03/15/31      LKR      50.26
SRI LANKA GOVERNMENT BOND   9.00      07/01/28      LKR      49.87
SRI LANKA GOVERNMENT BOND   7.80      08/15/27      LKR      49.73
SRI LANKA GOVERNMENT BOND   11.50     03/15/35      LKR      47.42
SRI LANKA GOVERNMENT BOND   11.20     01/15/33      LKR      45.19
SRILANKAN AIRLINES LTD      7.00      06/25/24      USD      44.79
SRI LANKA GOVERNMENT BOND   10.50     08/15/39      LKR      41.88
SRI LANKA GOVERNMENT BOND   10.25     09/15/34      LKR      41.68
SRI LANKA GOVERNMENT BOND   9.00      06/01/43      LKR      40.62
SRI LANKA GOVERNMENT BOND   9.00      10/01/32      LKR      38.87
SRI LANKA GOVERNMENT BOND   9.00      06/01/33      LKR      37.25
SRI LANKA GOVERNMENT BOND   9.00      11/01/33      LKR      36.98
SRI LANKA GOVERNMENT BOND   8.00      01/01/32      LKR      36.64
SRI LANKA GOVERNMENT INTE   6.13      06/03/25      USD      30.97
SRI LANKA GOVERNMENT INTE   6.13      06/03/25      USD      30.96
SRI LANKA GOVERNMENT INTE   6.85      11/03/25      USD      30.21
SRI LANKA GOVERNMENT INTE   6.85      11/03/25      USD      30.19
SRI LANKA GOVERNMENT INTE   5.88      07/25/22      USD      30.08
SRI LANKA GOVERNMENT INTE   6.83      07/18/26      USD      30.06
SRI LANKA GOVERNMENT INTE   6.83      07/18/26      USD      30.05
SRI LANKA GOVERNMENT INTE   5.88      07/25/22      USD      30.04
SRI LANKA GOVERNMENT INTE   5.75      04/18/23      USD      29.82
SRI LANKA GOVERNMENT INTE   5.75      04/18/23      USD      29.45
SRI LANKA GOVERNMENT INTE   6.75      04/18/28      USD      29.33
SRI LANKA GOVERNMENT INTE   6.85      03/14/24      USD      29.32
SRI LANKA GOVERNMENT INTE   6.20      05/11/27      USD      29.30
SRI LANKA GOVERNMENT INTE   6.35      06/28/24      USD      29.29
SRI LANKA GOVERNMENT INTE   7.55      03/28/30      USD      29.29
SRI LANKA GOVERNMENT INTE   6.35      06/28/24      USD      29.21
SRI LANKA GOVERNMENT INTE   7.85      03/14/29      USD      29.21
SRI LANKA GOVERNMENT INTE   6.85      03/14/24      USD      29.20
SRI LANKA GOVERNMENT INTE   7.55      03/28/30      USD      29.12
SRI LANKA GOVERNMENT INTE   6.75      04/18/28      USD      29.11
SRI LANKA GOVERNMENT INTE   6.20      05/11/27      USD      29.11
SRI LANKA GOVERNMENT INTE   7.85      03/14/29      USD      29.04


  MALAYSIA
  --------

AXIATA SPV5 LABUAN LTD      3.06      08/19/50      USD      69.49
BERJAYA CORP BHD            2.00      05/29/26      MYR      0.23
CAPITAL A BHD               8.00      12/29/28      MYR      0.67
HUME CEMENT INDUSTRIES BH   5.00      05/29/24      MYR      1.27
MALAYAN FLOUR MILLS BHD     5.00      01/24/24      MYR      1.66
MEX I CAPITAL BHD           2.60      01/23/34      MYR      74.25
MEX I CAPITAL BHD           2.60      01/22/35      MYR      71.29
MEX I CAPITAL BHD           2.60      01/21/36      MYR      69.28
MEX I CAPITAL BHD           2.60      01/21/37      MYR      69.05
MEX I CAPITAL BHD           2.60      01/21/39      MYR      65.88
MEX I CAPITAL BHD           2.60      01/21/38      MYR      65.32
MEX I CAPITAL BHD           2.60      01/23/40      MYR      61.55
MEX I CAPITAL BHD           0.10      07/21/42      MYR      30.32
PENGURUSAN AIR SPV BHD      1.00      09/28/35      MYR      62.61
PENGURUSAN AIR SPV BHD      1.00      11/05/35      MYR      62.33
PENGURUSAN AIR SPV BHD      1.00      02/05/36      MYR      62.11
PENGURUSAN AIR SPV BHD      1.00      11/11/36      MYR      59.87
PETRONAS CAPITAL LTD        3.40      04/28/61      USD      74.01
PETRONAS CAPITAL LTD        3.40      04/28/61      USD      73.71
PMB TECHNOLOGY BHD          3.00      07/12/23      MYR      19.80
SCANWOLF CORP BHD           3.00      08/04/26      MYR      0.28
SD INTERNATIONAL SUKUK II   7.00      03/12/25      USD      1.89
SD INTERNATIONAL SUKUK LT   6.30      05/09/22      USD      5.15
YB VENTURES BHD             0.10      09/05/26      MYR      0.04


  NEW ZEALAND
  -----------

AUCKLAND COUNCIL            2.95      09/28/50      NZD      58.95
HOUSING NEW ZEALAND LTD     1.53      09/10/35      NZD      69.05
NEW ZEALAND GOVERNMENT BO   1.75      05/15/41      NZD      67.38
NEW ZEALAND LOCAL GOVERNM   2.00      04/15/37      NZD      68.17


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICATIONS    15.00     07/15/06      USD      17.25
GLOBE TELECOM INC           3.00      07/23/35      USD      70.45
PHILIPPINE GOVERNMENT BON   4.63      09/09/40      PHP      73.78
PHILIPPINE GOVERNMENT INT   2.95      05/05/45      USD      73.25
PHILIPPINE GOVERNMENT INT   2.65      12/10/45      USD      68.83
PHILIPPINE GOVERNMENT INT   1.75      04/28/41      EUR      68.58
PLDT INC                    3.45      06/23/50      USD      66.66


   SINGAPORE
   ---------

APL REALTY HOLDINGS PTE L   5.95      06/02/24      USD      45.09
ASL MARINE HOLDINGS LTD     3.00      10/01/26      SGD      41.50
ASL MARINE HOLDINGS LTD     3.00      03/28/25      SGD      41.50
BAKRIE TELECOM PTE LTD      11.50     05/07/15      USD      0.29
BAKRIE TELECOM PTE LTD      11.50     05/07/15      USD      0.29
BLD INVESTMENTS PTE LTD     8.63      03/23/15      USD      6.75
DBS BANK LTD                1.83      04/12/49      EUR      72.05
DBS BANK LTD                1.55      06/07/49      EUR      71.04
DBS BANK LTD                1.42      06/28/49      EUR      66.74
DBS BANK LTD                2.95      10/28/51      AUD      66.22
DBS BANK LTD                1.41      01/23/50      EUR      65.45
DBS BANK LTD                1.15      01/22/50      EUR      63.33
DBS BANK LTD                1.22      02/18/50      EUR      62.90
ENERCOAL RESOURCES PTE LT   9.25      08/05/14      USD      45.75
EZRA HOLDINGS LTD           4.88      04/24/18      SGD      5.00
GOLDEN LEGACY PTE LTD       6.88      03/27/24      USD      2.17
GOLDEN LEGACY PTE LTD       6.88      03/27/24      USD      1.95
HOUSING & DEVELOPMENT BOA   1.30      12/03/35      SGD      74.54
INDO INFRASTRUCTURE GROUP   2.00      07/30/10      USD      1.00
ITNL OFFSHORE PTE LTD       7.50      01/18/21      CNY      18.76
JGC VENTURES PTE LTD        3.00      06/30/25      USD      41.22
LMIRT CAPITAL PTE LTD       7.25      06/19/24      USD      69.72
LMIRT CAPITAL PTE LTD       7.50      02/09/26      USD      59.84
MICLYN EXPRESS OFFSHORE P   8.75      11/25/18      USD      0.68
MODERNLAND OVERSEAS PTE L   3.00      04/30/27      USD      43.00
MODERNLAND OVERSEAS PTE L   3.00      04/30/27      USD      41.69
NATIONAL ENVIRONMENT AGEN   2.50      09/15/51      SGD      70.57
NOMURA INTERNATIONAL FUND   1.82      05/29/35      EUR      74.62
NOMURA INTERNATIONAL FUND   3.74      04/20/40      USD      74.42
NOMURA INTERNATIONAL FUND   2.45      03/02/31      AUD      74.14
NOMURA INTERNATIONAL FUND   6.25      04/21/37      USD      71.58
NOMURA INTERNATIONAL FUND   6.02      07/20/37      USD      69.35
NOMURA INTERNATIONAL FUND   3.65      06/18/39      AUD      69.05
NOMURA INTERNATIONAL FUND   2.60      06/14/39      KRW      68.17
NOMURA INTERNATIONAL FUND   5.65      11/28/36      USD      67.67
NOMURA INTERNATIONAL FUND   19.50     08/28/28      TRY      67.40
NOMURA INTERNATIONAL FUND   2.31      01/06/36      AUD      63.69
NOMURA INTERNATIONAL FUND   2.31      12/03/35      AUD      63.50
NOMURA INTERNATIONAL FUND   7.65      10/04/37      AUD      62.81
NOMURA INTERNATIONAL FUND   3.17      10/30/44      AUD      60.78
NOMURA INTERNATIONAL FUND   1.38      07/31/44      EUR      60.47
NOMURA INTERNATIONAL FUND   3.90      06/18/50      USD      60.27
NOMURA INTERNATIONAL FUND   2.60      06/14/44      KRW      59.70
NT RIG HOLDCO PTE LTD       7.50      12/31/23      USD      0.25
ORO NEGRO DRILLING PTE LT   7.50      01/24/19      USD      0.41
RICKMERS MARITIME           8.45      05/15/17      SGD      5.00
SWIBER CAPITAL PTE LTD      6.50      08/02/18      SGD      4.20
SWIBER CAPITAL PTE LTD      6.25      10/30/17      SGD      4.20
SWIBER HOLDINGS LTD         5.55      10/10/16      SGD      12.25
SWIBER HOLDINGS LTD         7.75      09/18/17      CNY      6.13
SWIBER HOLDINGS LTD         7.13      04/18/17      SGD      6.13
TEMASEK FINANCIAL I LTD     2.38      08/02/41      USD      74.86
TEMASEK FINANCIAL I LTD     2.38      08/02/41      USD      74.19
TEMASEK FINANCIAL I LTD     1.25      11/20/49      EUR      73.12
TEMASEK FINANCIAL I LTD     2.75      08/02/61      USD      70.95
TEMASEK FINANCIAL I LTD     2.75      08/02/61      USD      70.92
TEMASEK FINANCIAL I LTD     2.80      08/17/71      SGD      68.86
TEMASEK FINANCIAL I LTD     2.25      04/06/51      USD      67.32
TEMASEK FINANCIAL I LTD     2.25      04/06/51      USD      66.29
TEMASEK FINANCIAL I LTD     2.50      10/06/70      USD      65.15
TEMASEK FINANCIAL I LTD     2.50      10/06/70      USD      64.68
THETA CAPITAL PTE LTD       6.75      10/31/26      USD      64.95


   THAILAND
   --------

G STEEL PCL                 3.00      10/04/15      USD      0.80
GC TREASURY CENTER CO LTD   4.30      03/18/51      USD      73.03
GC TREASURY CENTER CO LTD   4.30      03/18/51      USD      73.00
MDX PCL                     4.75      09/17/03      USD      22.88
PTT TREASURY CENTER CO LT   3.70      07/16/70      USD      65.59
PTT TREASURY CENTER CO LT   3.70      07/16/70      USD      65.48
PTTEP TREASURY CENTER CO    3.90      12/06/59      USD      70.89
PTTEP TREASURY CENTER CO    3.90      12/06/59      USD      70.78
THAILAND GOVERNMENT BOND    1.88      06/17/49      THB      67.76
THAILAND GOVERNMENT BOND    2.50      06/17/71      THB      63.45
THAIOIL TREASURY CENTER C   3.75      06/18/50      USD      66.50
THAIOIL TREASURY CENTER C   3.75      06/18/50      USD      66.32
THAIOIL TREASURY CENTER C   3.50      10/17/49      USD      64.04
THAIOIL TREASURY CENTER C   3.50      10/17/49      USD      63.76


   TAIWAN
   ------

TAIWAN GOVERNMENT BOND      0.38      11/27/50      TWD      72.63
TAIWAN SEMICONDUCTOR MANU   3.10      09/23/51      USD      74.03
TAIWAN SEMICONDUCTOR MANU   2.70      09/22/60      USD      63.06


   VIETNAM
   -------

BIM LAND JSC                7.38      05/07/26      USD      59.30
NO VA LAND INVESTMENT GRO   5.25      07/16/26      USD      42.59
VIETNAM BANK FOR SOCIAL P   2.50      07/13/36      VND      74.39
VIETNAM BANK FOR SOCIAL P   2.50      08/10/36      VND      74.28
VIETNAM BANK FOR SOCIAL P   2.50      08/17/36      VND      74.26
VIETNAM GOVERNMENT BOND     2.40      01/14/36      VND      74.28
VIETNAM GOVERNMENT BOND     2.50      04/15/36      VND      74.04
VIETNAM GOVERNMENT BOND     2.40      06/10/36      VND      73.73
VIETNAM GOVERNMENT BOND     2.50      05/12/37      VND      73.28
VIETNAM GOVERNMENT BOND     2.30      08/12/36      VND      72.46
VIETNAM GOVERNMENT BOND     2.30      11/25/36      VND      72.07
VIETNAM GOVERNMENT BOND     2.20      09/09/36      VND      72.01
VIETNAM GOVERNMENT BOND     2.30      01/06/37      VND      71.86
VIETNAM GOVERNMENT BOND     2.80      01/14/41      VND      71.52
VIETNAM GOVERNMENT BOND     2.70      11/25/41      VND      69.24
VIETNAM GOVERNMENT BOND     2.70      01/06/42      VND      69.12
VIETNAM GOVERNMENT BOND     3.20      10/15/50      VND      67.58
VIETNAM GOVERNMENT BOND     3.10      01/14/51      VND      67.54
VIETNAM GOVERNMENT BOND     2.90      08/26/51      VND      64.28
VIETNAM GOVERNMENT BOND     2.90      01/13/52      VND      63.62
VINPEARL JSC                3.25      09/21/26      USD      73.43



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2023.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
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