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       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 17, 2023, Vol. 26, No. 13

                           Headlines



A U S T R A L I A

LABOUR SOLUTIONS: Second Creditors' Meeting Set for Jan. 23
MOLECTRA TECHNOLOGIES: Second Creditors' Meeting Set for Jan. 25


C H I N A

CHINA AOYUAN: Sells 60% Shares in Zhuhai Redevelopment
REMARK HOLDINGS: Amends 2022 Purchase Agreement with Ionic
REMARK HOLDINGS: Regains Compliance With Nasdaq Bid Price Rule
TD HOLDINGS: To Sell $42.4M Worth Shares to Affiliate, Investors
VNET GROUP: S&P Alters Outlook to Negative, Affirms 'B' ICR

[*] CHINA: Asset Manager to Help Developer's Finance Woes


F I J I

FIJI: Government to Work with Stakeholders to Help Sugar Sector


I N D I A

ABBHA INDUSTRIES: Insolvency Resolution Process Case Summary
ALAPATT JEWELS: ICRA Keeps B Debt Rating in Not Cooperating
AMARAVATI APARTMENTS: Insolvency Resolution Process Case Summary
ARKAS ENERGY: ICRA Reaffirms D Rating on INR17.65cr Term Loan
ARN IOT: Insolvency Resolution Process Case Summary

BHARATH INFRA: Insolvency Resolution Process Case Summary
CMM INFRAPROJECTS: Insolvency Resolution Process Case Summary
CRITICAL ACCESS: CARE Keeps B- Debt Rating in Not Cooperating
DALKAN SHIPBREAKING: Ind-Ra Affirms BB Long Term Issuer Rating
DEEP SUGAR: CARE Assigns B+ Rating to INR30cr LT Loan

DEVGAN SOLVEX: Insolvency Resolution Process Case Summary
ECHJAY FORGINGS: ICRA Keeps B+ Debt Rating in Not Cooperating
EDWARD FOOD: ICRA Reaffirms B- Rating on INR36cr LT NCD
FEEDBACK ENERGY: Insolvency Resolution Process Case Summary
G-NEXT MEDIA: CARE Lowers Rating on INR11.50cr LT Loan to B

GHODAWAT ENTERPRISES: Ind-Ra Assigns BB+ Long Term Issuer Rating
GUJARAT HY: Insolvency Resolution Process Case Summary
JUNAID ENTERPRISES: CARE Keeps B- Debt Rating in Not Cooperating
K.P. CHACKO: CARE Keeps B- Debt Rating in Not Cooperating Category
M.K. PRINTPACK: ICRA Withdraws B+ Rating on INR15.90cr LT Loan

MAHARASHTRA ELECTRO: CARE Lowers Rating on INR7.0cr LT Loan to B-
MAHESHWARI COAL: ICRA Keeps B Debt Ratings in Not Cooperating
MODERN DALKHOLA: CARE Lowers Rating on INR8cr LT Loan to B
NAMBIAR BUILDERS: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating
OSR MP: CARE Keeps C Debt Rating in Not Cooperating Category

PADMAJA FARMS: ICRA Keeps B+ Debt Ratings in Not Cooperating
PARAS STEEL: Ind-Ra Affirms BB Long Term Issuer Rating
PR CARS: CARE Upgrades Rating on INR31.28cr LT Loan to B
PS TOLL: ICRA Reaffirms D Rating on INR790cr LT Term Loan
R R GOLD: ICRA Keeps B+ Debt Rating in Not Cooperating Category

RAMCHANDER STRAW: CARE Keeps B- Debt Rating in Not Cooperating
RAMESHWAR COTTEX: ICRA Keeps D Debt Ratings in Not Cooperating
RISHABH WINPRO: CARE Keeps B- Debt Rating in Not Cooperating
S.N.N. TEXTILES: ICRA Reaffirms B+ Rating on INR18cr LT Loan
SHAKTI INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating

SHRINIVASA CATTLE: ICRA Lowers Rating on INR27cr Loan to B+
SHUBH LAKSHMI: Voluntary Liquidation Process Case Summary
SITARAM INDIA: ICRA Keeps B+ Debt Ratings in Not Cooperating
SUMAJA ELECTROINFRA: CARE Lowers Rating on INR24cr LT Loan to B/A4
THENPANDIAN SPINNING: Ind-Ra Hikes Long Term Issuer Rating to 'BB+'

TIRUPATI COLD: CARE Keeps B- Debt Rating in Not Cooperating
UNITED INFRAVENTURES: CARE Keeps D Debt Ratings in Not Cooperating
URVESH PSYLLIUM: ICRA Keeps B+ Debt Rating in Not Cooperating
VIJAYKUMAR & CO: Ind-Ra Affirms BB Long Term Issuer Rating
VK WAREHOUSING: CARE Keeps C Debt Rating in Not Cooperating



N E W   Z E A L A N D

CANTERBURY PROPERTY: Court to Hear Wind-Up Petition on Feb. 23
LIVEST LIMITED: Creditors' Proofs of Debt Due on Jan. 18
MADDEN CHIROPRACTIC: Creditors' Proofs of Debt Due on Feb. 13
MALCOLM OFFICER: Court to Hear Wind-Up Petition on Feb. 9
MELBOURNE LIMITED: Creditors' Proofs of Debt Due on Feb. 22

WE ARE BAMBOO: Alleged Conduct 'Concerning', Watchdog Says
WHITELABEL NZ: Goes Into Liquidation


P H I L I P P I N E S

RURAL BANK OF SAN AGUSTIN: Placed Under PDIC Receivership


S I N G A P O R E

FEARLESS LEGENDS: Court to Hear Wind-Up Petition on Jan. 27
INFINITY HAIRWORKS: Court Enters Wind-Up Order
KHENG HOCK: Commences Wind-Up Proceedings
M & E GROUP: Final Creditors' Meeting Set for Feb. 15
MINERVA VERITAS: Creditors' Proofs of Debt Due on Feb. 13



S O U T H   K O R E A

HUOBI GLOBAL: Unit to Break Off from Parent Amid Insolvency Rumors


X X X X X X X X

[*] BOND PRICING: For the Week Jan. 9, 2023 to Jan. 13, 2023

                           - - - - -


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

LABOUR SOLUTIONS: Second Creditors' Meeting Set for Jan. 23
-----------------------------------------------------------
A second meeting of creditors in the proceedings of Labour
Solutions Perth Pty Ltd has been set for Jan. 23, 2023 at 10:30
a.m. at 463 Scarborough Beach Road in Osborne Park or via virtual
meeting technology.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by June 20, 2023 at 5:00 p.m.

Simon Roger Coad of Ticcidew Pty Ltd was appointed as administrator
of the company on Dec. 7, 2022.


MOLECTRA TECHNOLOGIES: Second Creditors' Meeting Set for Jan. 25
----------------------------------------------------------------
A second meeting of creditors in the proceedings of Molectra
Technologies Pty Ltd has been set for Jan. 25, 2023 at 10:00 a.m.
at the offices of Mcleods Accounting at Level 9, 300 Adelaide
Street in Brisbane.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Jan. 24, 2023 at 5:00 p.m.

Jonathan McLeod and Bill Karageozis of Mcleods Accounting were
appointed as administrator of the company on Dec. 9, 2022.




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

CHINA AOYUAN: Sells 60% Shares in Zhuhai Redevelopment
------------------------------------------------------
The Standard reports that China Aoyuan sold a 60% stake in a
redevelopment in Zhuhai city to state-owned coal-mining firm
Shandong Energy, according to mainland media outlet Cailianshe.

The developer owns the remaining 40% stake in the project estimated
at more than CNY22 billion, the report notes.

China Aoyuan Group Limited, formerly China Aoyuan Property Group
Limited, is an investment holding company principally engaged in
the sales of properties. The Company operates its business through
three segments. The Property Development segment is engaged in the
development and sale of properties. The Property Investment segment
is engaged in the leasing of investment properties. The Others
segment is engaged in hotel operation, the provision of consulting
and management services. Through its subsidiaries, the Company is
also engaged in construction business.

As reported in the Troubled Company Reporter-Asia Pacific on May
30, 2022, Fitch Ratings has withdrawn China-based property
developer China Aoyuan Group Limited's Long-Term Foreign-Currency
Issuer Default Rating (IDR) of 'RD', and its senior unsecured
rating and ratings on its outstanding senior unsecured notes of 'C'
with Recovery Rating of 'RR6'.

Fitch is withdrawing the ratings because Aoyuan has chosen to stop
participating in the rating process. Therefore, Fitch will no
longer have sufficient information to maintain the ratings.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for Aoyuan.

REMARK HOLDINGS: Amends 2022 Purchase Agreement with Ionic
----------------------------------------------------------
Remark Holdings, Inc. and Ionic Ventures, LLC have entered into a
letter agreement on January 5 which amends the Purchase Agreement,
dated as of Oct. 6, 2022, by and between Remark and Ionic.

Under the Letter Agreement, the parties agreed, among other things,
to (i) amend the floor price below which Ionic will not be required
to buy any shares of the Company's common stock under the ELOC
Purchase Agreement from $0.25 to $0.20, determined on a
post-reverse split basis, (ii) amend the per share purchase price
for purchases under the ELOC Purchase Agreement to 90% of the
average of the two lowest daily volume-weighted average prices
("VWAPs") over a specified measurement period, which will commence
at the conclusion of the applicable measurement period in the
Amended and Restated Subordinated Convertible Debenture, dated as
of Nov. 7, 2022 issued to Ionic and (iii) waive certain
requirements in the ELOC Purchase Agreement to allow for a one-time
$500,000 purchase under the ELOC Purchase Agreement.

As partial consideration for the waiver to allow for the $500,000
purchase by Ionic, Remark agreed to issue to Ionic that number of
shares equal to the difference between (x) the variable conversion
price in the Debenture, and (y) the calculation achieved as a
result of the following formula: 80% (or 70% if the Company's
common stock is not then trading on Nasdaq) of the lowest VWAP
starting on the trading day immediately following the receipt of
pre-settlement conversion shares following the date on which the
Debenture automatically converts or other relevant date of
determination and ending the later of (a) 10 consecutive trading
days after (and not including) the Automatic Conversion Date or
such other relevant date of determination and (b) the trading day
immediately after shares of the Company's common stock in the
aggregate amount of at least $13,900,000 shall have traded on
Nasdaq.

                       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.

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: Regains Compliance With Nasdaq Bid Price Rule
--------------------------------------------------------------
Remark Holdings, Inc. said it received a letter from The Nasdaq
Stock Market LLC confirming that it has regained compliance with
the $1.00 minimum bid price requirement of Nasdaq Listing Rule
5550(a)(2).  Accordingly, the Nasdaq Hearings Panel has determined
that the Company's common stock will continue to be listed on the
Nasdaq Stock Market and as a result, considers this matter now
closed.

"We are pleased to once again regain compliance with the Nasdaq's
listing requirements and are grateful for the patience and support
of our investors while management and the board of directors worked
diligently to achieve this end," said Kai-Shing Tao, chairman and
chief executive officer of Remark Holdings Inc.  "With this matter
now resolved, we remain focused on continuing to grow our public
security business domestically in the United States and
internationally in the UK and Asia, by providing customer-centric
solutions that solve security problems and concerns."

                       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.

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.


TD HOLDINGS: To Sell $42.4M Worth Shares to Affiliate, Investors
----------------------------------------------------------------
TD Holdings, Inc. disclosed in a Form 8-K filed with the Securities
and Exchange Commission it entered into a certain securities
purchase agreement with Ms. Huiwen Hu, an affiliate of the Company,
and certain other purchasers who are "non-U.S. Persons" as defined
in Regulation S of the Securities Act of 1933, as amended, pursuant
to which the Company agreed to sell an aggregate of 35,000,000
shares of its common stock, par value $0.001 per share, at a per
share purchase price of $1.21.  The gross proceeds to the Company
from the Common Stock PIPE will be $42.35 million.  Since Ms.
Huiwen Hu is an affiliate of the Company, the Common Stock PIPE has
been approved by the Audit Committee of the Board of Directors of
the Company as well as the Board of Directors of the Company.

The parties to the SPA have each made customary representations,
warranties and covenants, including, among other things, (a) the
Investors are "non-U.S. Persons" as defined in Regulation S and are
acquiring the Shares for the purpose of investment, (b) the absence
of any undisclosed material adverse effects, and (c) the absence of
legal proceedings that affect the completion of the transaction
contemplated by the SPA.

The SPA is subject to various conditions to closing including
Nasdaq's completion of its review of the notification to Nasdaq
regarding the listing of the Shares.  The Shares to be issued in
the Common Stock PIPE are exempt from the registration requirements
of the Securities Act of 1933, as amended, pursuant to Regulation S
promulgated thereunder.

The net proceeds of the Common Stock PIPE shall be used by the
Company in connection with the Company's general corporate
purposes, working capital, or other related business as approved by
the board of directors of the Company.

                         About TD Holdings

TD Holdings, Inc. is a service provider currently engaging in
commodity trading business and supply chain service business in
China.  Its commodities trading business primarily involves
purchasing non-ferrous metal product from upstream metal and
mineral suppliers and then selling to downstream customers.  Its
supply chain service business primarily has served as a one-stop
commodity supply chain service and digital intelligence supply
chain platform integrating upstream and downstream enterprises,
warehouses, logistics, information, and futures trading.  For more
information, please visit http://ir.tdglg.com.  

TD Holdings reported a net loss of $940,357 for the year ended Dec.
31, 2021, a net loss of $5.95 million for the year ended Dec. 31,
2020, and a net loss of $6.94 million for the year ended Dec. 31,
2019.  As of Sept. 30, 2022, the Company had $260.98 million in
total assets, $26.51 million in total liabilities, and $234.47
million in total equity.


VNET GROUP: S&P Alters Outlook to Negative, Affirms 'B' ICR
-----------------------------------------------------------
S&P Global Ratings revised the rating outlook on China-based data
center operator VNET Group Inc. to negative from stable. S&P
affirms its 'B' long-term issuer credit rating on the company.

The negative outlook reflects VNET's growing liquidity needs amid
tough funding conditions over the next 13 months.

VNET faces increasing execution risk to refinance its US$600
million convertible notes. This is due to rising interest rates, a
cautious investor base, and a depreciating renminbi relative to the
U.S. dollar. VNET is exploring several options to refinance the
notes that have a put date of Feb. 1, 2024.

Over the next 13 months, S&P estimates the company will need to
raise more than RMB3.4 billion of additional capital to cover the
notes. This considers VNET's RMB3.5 billion unrestricted cash as of
Sept. 30, 2022, repayment of US$68 million convertible notes in
February 2023, and the company's flexibility to scale down annual
capital expenditure (capex) to about RMB1.5 billion if needed.

VNET's record of obtaining offshore financing and the company's
proactive liquidity management support the rating. VNET should
therefore be able to raise new capital despite the challenging
market conditions. Over the past three years, the company has
raised US$1 billion in convertible notes and preferred shares.

VNET has also increased its ability to raise domestic funds and
credit lines, partly thanks to China's supportive policy towards
economic growth and digital infrastructure construction. This has
increased the company's domestic funding within its capital
structure to 35% of total debt, up from 27% a year ago. However,
most of the domestic funding is collateralized via project
funding.

VNET's leverage would increase owing to the company's debt-funded
expansion of its internet data center (IDC) business. VNET's ratio
of debt to EBITDA could approach 7.0x in 2024. S&P estimates the
company will spend more than RMB4 billion in each of 2023 and 2024,
compared with its annual operating cash flow of slightly above RMB2
billion. However, VNET has some flexibility to pace its expansion
if demand softens or if it needs to bolster its liquidity. The
company is also seeking other expansion opportunities, including
joint-venture partnership, that could reduce its debt burden.

S&P's base-case does not consider a buyout of VNET. It has not
included two competing privatization offers in its rating. This is
due to the lack of information about the privatization proposals
and the likelihood of their completion. However, completion of a
privatization deal may address VNET's liquidity needs associated
with the convertible notes.

VNET is reviewing two proposals--one from its founder and the other
a joint bid from Chinese investment firm Hina Group and the
Shanghai branch of Industrial Bank Co. Ltd.

The negative outlook reflects VNET's heightening liquidity needs
over the next 13 months as the put option date for its US$600
million convertible notes approaches.

S&P said, "We could lower the rating if VNET does not make
meaningful progress on refinancing its US$600 million convertible
notes in the next few months. This could reflect the company's
limited access to long-term funding sources or reduced operating
cash flow.

"We could also lower the rating if VNET's EBITDA interest coverage
falls below 2.0x or its debt-to-EBITDA ratio stays above 7.0x. This
could occur if the company significantly increases its debt-funded
expansion or if its EBITDA declines materially below our base
case.

"We would revise the outlook to stable if VNET made significant
progress in its refinancing plan such that the company had enough
liquidity to repay the US$600 million convertible notes if they
came due. This is provided VNET can maintain its EBITDA interest
coverage at above 2.0x and debt-to-EBITDA ratio below 7.0x. This
could happen if the company can secure sufficient long-term
financing, grow its operating cash flow, and remain disciplined in
debt-funded expansion."

ESG credit indicators: E-3, S-2, G-2


[*] CHINA: Asset Manager to Help Developer's Finance Woes
---------------------------------------------------------
The Standard, citing Xinhua news agency, reports that China is
setting up an asset management company to help mainland developers
secure financing.

The move is part of 21-task plan to guide the balance sheets of
"quality developers" back to health, the report says.

According to the Standard, China has been solving debt problems
through these means for decades and before the listing of the
state-owned banks, asset management firms like Cinda and Huarong
were set up to help handle their bad loans paving the way for their
listings, and then these asset management companies were also
listed later.

Xinhua also reported that China will soon adjust borrowing curbs to
improve finances of property developers considered to be of "good
quality," the Standard relays.

The report notes that developers have been subject to the so-called
"Three Red Lines" borrowing curbs since late 2020.

It said the plan targets mainly relatively large property firms
that are systemically crucial, adding that financial institutions
will be allowed to exercise own discretion.

The state media denied the existence of a "white list" as reported
by some media reports that claimed seven privately-owned developers
were already added to a "white list" to receive support, the
Standard adds.




=======
F I J I
=======

FIJI: Government to Work with Stakeholders to Help Sugar Sector
---------------------------------------------------------------
The Fiji Times reports that Minister for Sugar Charan Jeath Singh
said the sugar industry is basically insolvent.

While speaking to Nadi business owners recently, he said their
ministry was planning to revive the industry by increasing
production levels, the report relates.

"To be honest, FSC is insolvent and the industry is insolvent," the
report quotes Mr. Singh as saying.

"The government has been pouring millions after millions of dollars
into the industry over the years just to keep the industry
surviving.

"There has been mismanagement. There is been a lot of corruption in
the industry and when people were cleaning out the industry of
corruption, apparently the last government was trying to suppress
this information."

He said their ministry would work with current and new stakeholders
to help the industry. "We are not on a witch hunt.

"We are there to be inclusive and we want the industry to run.

"The sugar industry is here to stay because if we close the
industry, the 200,000 people who depend on the sugar industry,
where will they go?

"So we will make sure that it happens and that it goes back to its
glory days." He added that the last government had reduced
production levels of sugar.

"In the good times during the Ratu Mara government, we had 3.2
million tonnes of cane produced in this country which translated to
350,00 tonnes of sugar.

"We had surplus of sugar. We had enough sugar to give it to our
European market then we had enough sugar to sell to Korea, Japan,
US and New Zealand.

"Today, our production has dropped from 3.2 million to 1.6 million
tonnes.

"Our cost of operations of the industry is still the same but our
production has gone down. One thing we would like to do is increase
our production."




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

ABBHA INDUSTRIES: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor:    AABHA Industries Limited

           Registered Office:
           B-Vi-769/12/5 Street
           No. 7, Gaushalla Chowk,
           Madhopuri Ludhiana Punjab 141008

           Other Address:
           Vidya Vihar, Dhandha Colony,
           Village Meharban, Rahon Road
           Ludhiana 141007 Punjab
  
Insolvency Commencement Date:   December 23, 2022

Estimated date of closure of
insolvency resolution process:  June 21, 2023

Court: National Company Law Tribunal, Chandigarh Bench

Insolvency Professional:  Mr. Krishan Vrind Jain
                          1139, Sector 82A, IT City
                          Block B, Behind WTC,
                          Sahib Zada Ajit Singh Nagar,
                          Punjab 160055
                          Email: jainkv@gmail.com

                          SCO-818, 1st Floor, Above Yes Bank, NAC
                          Manimajra, Chandigarh 160101
                          Email: cirp.aabhaindustries@gmail.com
                          Mobile: 94719-09490, 73411-05244

Last date for
submission of claims:    January 7, 2023


ALAPATT JEWELS: ICRA Keeps B Debt Rating in Not Cooperating
-----------------------------------------------------------
ICRA has retained the rating for the bank facilities of Alapatt
Jewels in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B(Stable);ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          5.50        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

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

Alapatt Jewels is a Cochin-based partnership firm established by
Mr. Manuel Alapatt in 2000, which is involved in manufacturing and
selling of gold and diamond jewellery through its 10,000-square
feet retail showroom in Ernakulam, Cochin. It sources gold in the
form of old gold from customers and outsources the same to
goldsmiths in the region for converting them into ornaments.
Besides, the firm also deals in traded jewellery procured from
merchants based out of Mumbai and Bangalore.

AMARAVATI APARTMENTS: Insolvency Resolution Process Case Summary
----------------------------------------------------------------
Debtor:   Amaravati Apartments & Villas India Private Limited
          Plot No. 139, Sy. No 46,
          Jubilee Garden, Near Harsha,
          Toyota, Kondapur, Hyderabad
          Telengana-500084

Insolvency Commencement Date:  December 15, 2022

Estimated date of closure
of insolvency resolution process:  June 13, 2023

Court: National Company Law Tribunal, Hyderabad Bench

Insolvency
Professional:  Mr. Sukhavasi Rama Mohan Rao
               22-32/1 Vivekananda Nagar Colony, Dilsukh
               Nagar, Hyderabad 500060 Telangana
               Email: rammohansukhavasi62@gmail.com

               Plot No.9, Flat No.602, 6th Floor
               Dream Home Vasista, Barafbagh Colony,
               Lower Tankbund Road, Hyderabad-500029
               Email: cirp.amaravati@gmail.com

Last date for
submission of claims:  January 4, 2023


ARKAS ENERGY: ICRA Reaffirms D Rating on INR17.65cr Term Loan
-------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Arkas
Energy LLP, as:

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Term loan           17.65       [ICRA]D; reaffirmed

Rationale

The rating reaffirmation takes into account the delays in the
servicing of term loans due to the company's poor liquidity
position following the delays in payments from the counterparties,
especially in Andhra Pradesh (AP). Though the company has started
receiving an amount of INR30.5 lakh monthly from the AP discom from
September 2022, weak generation of all the three wind power plants
in Karnataka, AP and MP has resulted in inadequate operating
performance. This has led to weak coverage metrics with the average
DSCR expected to remain 0.7 times in the next five years. The
non-maintenance of the grid at the MP plant resulted in lower
generation in FY2022 and the overall revenue in the year stayed
flat compared to FY2021.

The company is expected to incur INR0.2 crore in FY2024 towards
energy meter replacement and line changes in the MP plant which
should improve the generation levels going forward. The rating also
considers the seasonality and possible variation in wind power
density across the years, which can impact the year-on-year returns
as the revenues are linked to the actual generation.

ICRA takes note of the low demand risk, given the firm long-term
power purchase agreements (PPAs) for its entire capacity, and the
geographical diversification benefit as the three plants are
located in three different states. However, these are tempered by
the poor liquidity position of the firm as despite the collections
from counterparties and funding support from its group companies,
the delays in debt servicing are expected to continue on account of
inadequate generation levels. The disbursement of a guaranteed
emergency credit line (GECL) of INR3.44 crore in Q3 FY2022,
repayment of which commenced from October 2022 (to be utilised for
prepaying four instalments of project loans, interest payments and
pending operations and maintenance contractor payments), has
supported the company's liquidity but has added to its repayment
obligations.

Key rating drivers and their description

Credit strengths

* Long-term PPAs with state discoms for entire capacity mitigate
offtake risk: The firm has a 25-year PPA with Southern Power
Distribution Company of A.P. Ltd (APSPDCL) at a fixed tariff of
INR4.84 per unit for its 2.1-MW wind power plant in AP, a 25-year
PPA with M.P. Power Management Company Limited (MPPMCL) at a fixed
tariff of INR4.78 per unit for its 4-MW wind power plant in MP and
a 20-year PPA with Bangalore Electricity Supply Company Limited
(BESCOM) at a fixed tariff of INR3.40 per unit for its 1.25-MW wind
power plant in Karnataka. The presence of the long-term PPAs
mitigate the demand risk for AEL.

* Geographical diversification: AEL's wind power assets are located
in three different states, thus limiting the impact of adverse
weather conditions (less wind resource) in any particular state.
However, more than 50% capacity of the firm is at a single
location, that is Madhya Pradesh.

Credit challenges

* Delayed payments from discoms resulting in poor liquidity and
delays in debt servicing: There has been a sustained buildup of
receivables because of significant delays in payments from the MP
and AP discoms, translating into a poor liquidity position for the
firm. Notwithstanding the support from its group company
(interest-free unsecured loan of INR2.93 crore as on March 31, 2022
and INR3.19 crore as on March 31, 2021) and restructuring of
project loans for the MP and AP plants (moratorium on principal
payments during October 2020-September 2021), there have been
continuous delays in debt servicing by AEL.

* Weak generation profile of all wind power assets: The generation
performance of all the three wind power plants has remained weak,
resulting in inadequate coverage indicators. The debt service
coverage ratio has remained below 1.0 times in the last three
financial years. The plant load factor (PLF) of the MP plant was
9.72% in FY2022 against the P-90 (design PLF) estimate of 19.83%,
while that of the AP plant was 19.69% against a P-90 estimate of
27.4%. The Karnataka plant, which has a generation track record of
15 years, achieved a PLF of 13.27% in FY2022 against the average
PLF (over previous 14 years) of 17.23%.

* Vulnerability of cash flows to variation in wind power generation
with changes in weather conditions: The operational
efficiency of the windmills significantly depends on the adequacy
of wind resources. As the revenues are linked to the actual
power generation, variation in wind levels with changes in weather
conditions directly affects the revenues of the entity.

Liquidity position: Poor

AEL's liquidity is poor on the back of low generation performance
of the windmills, resulting in weak operating performance and
coverage metrics of the company. Consequently, there are delays in
debt servicing by AEL.

Rating sensitivities

Positive factors – ICRA may upgrade the rating if AEL is able to
regularly service the debt for a continuous period of at least 90
days, supported by a sustained improvement in its liquidity
position.

Negative factors – Not applicable

AEL, incorporated in June 2015 as a limited liability partnership,
is jointly held by two companies viz. Arkas Industries Private
Limited (formerly Ashish Industrial & Commercial Enterprises Pvt.
Ltd.) and BEC Infra Private Ltd. with a 90:10 ownership,
respectively. AEL owns and operates a 1x1.25-megawatt (MW) wind
turbine generator (WTG) at Kappadgudda, Karnataka, a 2x2-MW WTG at
Mandsaur, Madhya Pradesh, and a 1x2.1-MW WTG at Vajrakarur, Andhra
Pradesh.


ARN IOT: Insolvency Resolution Process Case Summary
---------------------------------------------------
Debtor:  Arn Iot Solutions Private Limited
  No. 52, 43rd Cross 5th Block
  Jayanagar, Bangalore
  Karnataka 060041

Insolvency Commencement Date:    December 1, 2022

Estimated date of closure of
insolvency resolution process:   June 17, 2023

Court: National Company Law Tribunal, Bengaluru Bench

Liquidator:   Kanekal Chandrasekhar
              No. 6, Shree, 9th Cross,
              Nagar, HebbalKempapura,
              Dasarahalli Main Road,
              H. A. Farm Post,
              Bangalore, Karnataka, 560024
              Email: kanekal.chandra@gmail.com

Last date for
submission of claims:   Not indicated


BHARATH INFRA: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Bharath Infra Exports and Impods Limited
        No. 186, 1st Floor,
        1st Cross, Wilson Garden,
        Bengaluru 560 027

Insolvency Commencement Date:  December 19, 2022

Estimated date of closure of
insolvency resolution process:  June 17, 2023  

Court: National Company Law Tribunal, Bengaluru Bench

Insolvency
Professional:  Sri. Ravindra Beleyur
               428, 19th B Cross, 3d Block,
               Jayanagar, Bengaluru 560 011
               Tel: +91 80 26540193
               Email: ravi@belevur.com
                      bharathinfra_CIRP@beleyur.com

Last date for
submission of claims: January 11, 2023


CMM INFRAPROJECTS: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: CMM Infraprojects Limited
         108, Corporate Center
          8-B South Tukoganj Indore,
          MP- 452001 India

Insolvency Commencement Date:   December 15, 2022

Estimated date of closure of
insolvency resolution process:  June 27, 2023  

Court: National Company Law Tribunal, Indore Bench

Insolvency
Professional:  Mr. Navin Khandelwal
               206, Navneet Plaza 5/2 Old Palasia,
               Indore 452018
               Email: navink25@yahoo.com
                      cirp.cmminfra@gmail.com

Last date for
submission of claims:   January 12, 2023


CRITICAL ACCESS: CARE Keeps B- Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Critical
Access Health Services & Research Center Private Limited (CAHSRCPL)
continues to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.50       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 29,
2021, placed the rating(s) of CAHSRCPL under the 'issuer
non-cooperating' category as CAHSRCPL 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. CAHSRCPL continues to be non-cooperative despite
repeated requests for submission of information through emails,
phone calls and a letter/email dated September 14, 2022, September
24, 2022, October 4, 2022.

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

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

Incorporated on March 12, 2010, Critical Access Health Services &
Research Centre Private Ltd (CAHSRL) is promoted by Dr Sudeep
Sangwan and Dr. Smt. Krishna Sangwan. CAHSRL plans to setup a 100
bedded multi-specialty hospital at Panipat, Haryana by December
2016 of which 50 beds are already operational since May 2015. The
hospital is a multispecialty hospital and trauma centre along with
value added services mainly comprising of 10 bedded ICU, OPD, 2
Operating rooms/ Labour room, Imaging department with Spiral CT
scan, X-ray, ultrasound machine, theatre sterile supply unit,
Mammography, Laboratory services.


DALKAN SHIPBREAKING: Ind-Ra Affirms BB Long Term Issuer Rating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Dalkan Shipbreaking Ltd (DSBL):

-- Long-Term Issuer Rating affirmed with IND BB/Stable rating;

-- INR50 mil. Fund-based working capital limit* assigned with
     IND BB/Stable/IND A4+ rating;

-- INR300 mil. Non-fund based working capital limit assigned with

     IND A4+ rating;

-- INR12.9 mil. Term loan due on November 2026 assigned with
     IND BB/Stable rating;

-- INR50 mil. Fund-based working capital limit* affirmed with
     IND BB/Stable/IND A4+ rating; and

-- INR400 mil. Non-fund based working capital limit affirmed with
     IND A4+ rating.

*Fund-based limit is a sublimit of non-fund-based limit.

Analytical Approach: Ind-Ra has taken a consolidated view of DSBL,
Paras Steel Corporation ('IND BB'/Stable) and Vijaykumar & Co ('IND
BB'/Stable), jointly referred to as the Bhupatrai Chimanlal group,
while arriving at the ratings. This is in view of the strong
strategic and operational ties between the companies and the common
management.

Key Rating Drivers

The group has a medium scale of operations with consolidated
revenues rising to INR1,416 million in FY22 (FY21: INR1,077million,
FY20: INR1,121 million), mainly driven by higher sales of scrap, as
the company had purchased larger sized ships. The group's revenue
highly depends on the type of ships procured by the entities to
dismantle, leading to the absence of revenue visibility. Ind-Ra
expects the consolidated revenues for FY23 to remain in line with
FY22 or see a marginal decline, since the group had just one ship
to breakdown during 1HFY23.  

Liquidity Indicator - Stretched: The fund-based working capital
utilization of the group has been 35% for the 12 months ended
October 2022. The group utilizes its non-fund-based letter of
credit (LC) limits for purchasing ships. The tenure for the same
depends upon the size and tonnage of ships and ranges between
180-270 days. An upfront cash margin of 15% is retained at the time
of opening an LC. The group parks its surplus in fixed deposits.
This ensures gradual a build-up of reserve funds to meet the
sizeable LC payment obligations on maturity. As of October 31,
2022, the group had no outstanding LC. The group's working capital
cycle improved to 181 days in FY22 (FY21: 222 days; FY20: 448
days), but remained elongated, due to a decrease in the inventory
days to 129 (183, 408). The group's payable period was 9 days in
FY22 (FY21: 10 days; FY20: 7 days) and receivable days were 60 (50;
46). The group has a total debt repayment of INR6.9 million for the
years FY23 and FY24, respectively. The group had cash and bank
balances of INR108 million at FYE22, out of which INR105 million is
lien marked against LC (FYE21: INR89 million).

The ratings factor in the group's modest and volatile EBITDA
margins. The EBITDA margins declined to 2.5% in FY22 (FY21: 3.81%)
due to lower-than-average realization per unit from the ships
purchased for dismantling and higher average metal/scrap prices.
The return over capital employed stood at 3.5% in FY22 (FY21:
2.7%). The operating margins of the group fluctuated between 2%-6%
over FY19-FY22, reflecting the volatility in the prices of steel
scrap as well as the purchase price of ships.

The ratings reflect the group's modest credit metrics. The interest
coverage (operating EBITDA/gross interest) improved to 1.01x in
FY22 (FY21: 0.66x) mainly due to a reduction in interest cost INR36
million (INR41 million), while the net financial leverage (adjusted
net debt/operating EBITDA) deteriorated to 20.97x (17.32x) due to
an increase in the overall debt to INR854 million (INR799 million).
The agency, however, expects the company's credit metrics to remain
in the line with FY22 as the group's operating performance may
either remain stable or see a marginal decline.

The ratings factor in the favorable location of the ship-breaking
yard and over 30 years of promoter's experience in the ship
breaking industry. The Bhupatrai Chimanlal group's ship-breaking
yard is located in the Alang-Sosiya belt in Gujarat, which is one
of the world's largest ship-breaking clusters and constitutes
almost 90% of India's ship-breaking activity.

Standalone Performance: On a standalone basis, DSBL's revenue was
INR579 million in FY22 (FY21: INR358 million), while its operating
margins were 2% (7%), the interest coverage was 0.73x (0.97x) and
net leverage was 15.65x (8x).

Rating Sensitivities

Positive: An improvement in the consolidated scale of operations
and the liquidity position, leading to the consolidated interest
coverage exceeding 1.3x, on a sustained basis, will be positive for
the ratings.

Negative: A deterioration in the consolidated scale of operations
and liquidity position, leading to a deterioration of the
consolidated credit metrics, on a sustained basis, would be
negative for the ratings.

Company Profile

DSBL was incorporated in 1994 to carry out ship recycling
activities. The company operates from the Alang Ship Breaking Yard
in Bhavnagar, Gujarat.


DEEP SUGAR: CARE Assigns B+ Rating to INR30cr LT Loan
-----------------------------------------------------
CARE Ratings has reaffirmed ratings on certain bank facilities of
Deep Sugar Industries LLP (DSI), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank
   Facilities           30.00      CARE B+; Stable Assigned

Detailed Rationale & Key Rating Drivers

The rating assigned to the bank facilities of DSI is primarily
constrained by its short track record of operations and
stabilization risk associated with debt funded newly setup
facility. Further, the rating is also constrained by risk
associated with seasonality and agro-climatic risk associated with
the sugar industry coupled with cyclical and regulated nature of
sugar business.

The rating, however, draws comfort from experienced partners and
locational advantage of the firm.

Rating Sensitivities

Positive Factors - Factors that could lead to positive rating
action/upgrade:

* Achievability of scale of operations to around INR60.00 crore and
above over the medium term on sustained basis.

Negative Factors- Factors that could lead to negative rating
action/downgrade:

* Deterioration in the capital structure as marked by overall
gearing ratio of above 5.00x.
* Deterioration in profitability margins as marked by PBILDT margin
below 8.00%.

Detailed description of the key rating drivers

Key Rating Weaknesses

* Short track record of operations: The firm has started its
commercial operations from November, 2022 and has a relatively
short track record of operations in sugar industry as compared with
other established players. The first full year of operations will
be 2023-2024. Thus, the stabilization of the operations to achieve
the envisaged scale of business and saleability risk associated
with the products offered in the light of competitive nature of
industry remains crucial for DSI. Further, the firm has achieved
total operating income of ~INR2.50 crore during 1MFY23 (refers to
the period from November 1, 2022 to November 30, 2022; based on
provisional results) and is expected to achieve total operating
income of INR41.43 crore in FY23.

* Stabilization risk associated with debt funded newly setup
facility: DSI has undertaken capex plan with total project cost of
~INR25.31 crore for setting up a sugar mill plant at Bahraich,
Uttar Pradesh at an installed capacity of 800 metric tonnes of
sugarcane crushed per day (TCD). The project is funded through term
loan of INR15.00 crore and balance through partner's contribution
(share capital of INR 6.00 crore and unsecured loans of INR4.31
crore) of INR10.31 crore. The project is almost completed, and firm
started its commercial operations from November, 2022. However,
post project implementation risk in the form of stabilization and
streamlining of operations to achieve the envisaged scale of
business and risk associated with the products offered in the light
of competitive nature of industry is yet to been seen. During the
initial phases of operations, the capital structure of the firm is
expected to remain leveraged due to debt funded CAPEX undertaken
coupled with high dependence on bank borrowings to meet the working
capital requirements.

* Seasonality and agro-climatic risk associated with the sugar
industry: The profitability of the entities in the entire value
chain of sugar industry, is inherently volatile due to its
dependence on agro-climatic conditions. Being directly dependent on
the sugarcane crop and its yield, sugar industry is susceptible to
agro climatic risks including pest & diseases. Climatic conditions,
more specifically, the monsoons, temperature and soil conditions,
demand-supply dynamics, etc. influence various operational
parameters for a sugar entity, such as the crushing period and
sugar recovery levels. Lower output of sugarcane will have an
adverse impact on the revenue generation of the entities. Cyclical
and regulated nature of sugar business: The industry is cyclical by
nature and is vulnerable to the government policies for various
reasons like its importance in the Wholesale Price Index (WPI) as
it is classified as an essential commodity.   The government (both
Union and State) on its part resorts to various regulations like
fixing the raw material prices in the form of State Advised Prices
(SAP) and Fair & Remunerative Prices (FRP). All these factors
impact the cultivation patterns of sugarcane in the country and
thus, affect the profitability of the sugar companies. India also
continues to carry high levels of sugar inventory largely due to
the controlled release mechanism followed by the Government.

Key Rating Strengths

* Experienced partners of the firm: Mr. Ravindra Kumar Agarwal, Mr.
Anand Shekhar Singh, Mr. Krishna Mohan Goel, Mr. Ashok Kumar
Madeshia and Mr. Jainkar Singh are the partners of the firm and
they collectively look after the overall operations of the firm.
Mr. Ravindra Kumar Agarwal holds extensive experience of nearly
four decades in agri-commodities and hospitality business through
family run business. Mr. Anand Shekhar Singh, is post graduate by
qualification and holds vast experience of nearly two decades in
diversified industry such as education and healthcare through
family run business and associate concern. They are ably supported
by other partners of the firm namely; Mr. Krishna Mohan Goel, Mr.
Ashok Kumar Madeshia and Mr. Jainkar Singh in managing day-to-day
operations of the firm and holds experience of more than three
decades in running brick kiln unit. The partners have adequate
acumen about various aspects of running of business which is likely
to benefit the firm in the long run.

* Locational advantage: The manufacturing facilities of the firm is
situated in Bahraich, Uttar Pradesh which is the largest
producer of sugarcane in India. DSI derives the comfort from its
strategic location in terms of easy accessibility to a large
customer base as well as availability of raw materials owing to
established suppliers' presence in the same location as well. Also,
the region has moderate recovery rate on account of favourable
climatic conditions for growing sugarcane. Sustained availability
of sugarcane for crushing remains vital for sugar production.

Liquidity: Stretched

The liquidity position of the firm remained stretched characterized
by tightly matched accruals vis-à-vis repayment obligations. Post
project implementation risk in the form of stabilization and
streamlining of operations to achieve the envisage scale of
business and risk associated with the products offered in the light
of competitive nature of industry is yet to been seen. The firm is
expected to generate envisage GCA of INR3.61 crore for FY23 against
repayment obligations of INR0.34 crore in same year. Further, the
firm has low free cash & bank balances which stood at INR0.06 crore
as on March 31, 2022.

Deep Sugar Industries LLP (DSI) was established in October, 2020 as
a limited liability partnership firm and started its commercial
operations from November, 2022. The firm is currently being managed
by Mr. Anand Shekhar Singh, Mr. Krishna Mohan Goel, Mr. Ravindra
Kumar Agarwal, Mr. Ashok Kumar Madeshia and Mr. Jainkar Singh
sharing profits and losses in the ratio of 20% respectively. The
firm was established with an aim for setting up a sugar mill plant
at an installed capacity of 800 metric tonnes of sugarcane crushed
per day (TCD). The firm will sell sugar and its by-products i.e.,
Molasses, bagasse, press mud to different wholesalers located
domestically under its own brand name "DSI" and will procure the
sugarcane from local farmers. The firm is having six associate
concerns namely; "M/s Revti Ent Udyog" (established in 1990),
operates as a brick kiln unit, "M/s Shyam Ent Udyog" (established
in 1990), operates as a brick kiln unit, "M/s Ashok Ent Udyog"
(established in 1990), operates as a brick kiln unit, "M/s Saligram
Mannilal" (established in 1980) operates as a pulse mill, "M/s
Shubham Hotel" (established in 1990), engaged in hospitality
business and "M/s Babu Sundar Singh Foundation" (established in
2007), operates as an educational college.

DEVGAN SOLVEX: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor:  Devgan Solvex Pvt Ltd
         83, Dhab Wasti Ram
         Amritsar, Punjab 143001

Insolvency Commencement Date:   December 12, 2022

Estimated date of closure of
insolvency resolution process:  June 20, 2023

Court: National Company Law Tribunal, Chandigarh Bench

Insolvency Professional:  Rakesh Phull
                          P-602, Jalandhar Heights
                          66 Ft Road, Jalandhar 144022
                          Email: rakeshphul@gmail.com
                                 devgansolvexcirp22@gmail.com

Last date for
submission of claims:     January 5, 2023


ECHJAY FORGINGS: ICRA Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
ICRA has retained the long term and short term ratings for the bank
facilities of Echjay Forgings Private Limited in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]B+
(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         21.50        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-        10.00        [ICRA]A4 ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

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

Echjay Forgings Private Limited (EFPL) is a five-and-a-half-decade
old family-owned company. Founded in 1960 as a machine shop, it
originally machined imported forgings for automobile manufacturers
and later on forayed into manufacturing of forged products. The
company is currently involved into forging of products used in
industries like piping, defence, railways, wind energy, earth
moving etc. The company has a manufacturing unit in Khopoli. It was
established by Harilal Jaychand in 1960 as a textile company and
later entered into forging industry. It had two units at
Kanjurmarg, Mumbai and Rajkot, Gujarat and one export unit in
Mumbai. In 1983, due to family separation, EFPL was formed. Another
family separation took place in 2005 wherein a new company named
Echjay Forging Industries Pvt Ltd was formed and Kanjurmarg unit
was transferred to this new entity.

EDWARD FOOD: ICRA Reaffirms B- Rating on INR36cr LT NCD
-------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Edward
Food Research and Analysis Centre Limited (EFRAC), as:

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term–
   Non-convertible
   Debenture           36.00       [ICRA]B- (Stable); reaffirmed

Rationale

The reaffirmation of EFRAC's rating factors in the weak financial
risk profile of the company, characterised by an adverse capital
structure, depressed coverage indicators, negative net worth
position and poor liquidity position. The rating is also impacted
by the high debt servicing obligations of the company compared to
the cash accruals generated from the business. The company's scale
of operations remains modest, notwithstanding the growth witnessed
in FY2022 and H1 FY2023.

The rating, however, favourably factors in the established track
record of the Keventer Group, which supports EFRAC's business
position to an extent. The rating also derives comfort from the
reputed client base of EFRAC and the receipt of
accreditations/certifications from major approving agencies in the
food, drugs, and environment division, which support its business
profile. The rating also takes into consideration the significant
growth in its operating income (OI) in FY2022, albeit on a low
base. The OI growth is likely to continue in FY2023 as well, though
with some moderation, given the top line achieved in H1 FY2023. The
revenue growth has also translated into an improvement in the
profitability metrics owing to the fixed cost nature of this
business and EFRAC is expected to post cash profit in FY2023 for
the first time since FY2015.

The Stable outlook on the [ICRA]B- rating reflects ICRA's opinion
that EFRAC is expected to maintain its revenue growth while
improving its profitability and return metrics.

Key rating drivers and their description

Credit strengths

* Established track record of Keventer Group: EFRAC is a part of
the Keventer Group, which comprises various entities involved in
diversified businesses like real estate, fast moving consumer goods
(FMCG), food products and agro-related businesses. The Group has
supported EFRAC in its operations and has also extended financial
assistance in the form of equity infusion/unsecured loans, as and
when required.

* Accreditation in place from major approving agencies; reputed
clientele: EFRAC's testing and research laboratory for food and
food products, drugs and cosmetics, and environment are accredited
by major approving agencies such as USFDA, FSSAI, NABL, BIS and
MOEF etc. which act as a natural entry barrier to potential new
entrants in the industry. ICRA notes that EFRAC's customer base
includes prominent players such as Hindustan Coca Cola Beverages
Private Limited, Nestle India Limited, Cipla Limited, Sun
Pharmaceutical Industries Limited, Food Safety and Standards
Authority of India Limited etc., reflecting the credibility of its
analysis, which supports its business profile.

Credit challenges

* Weak financial profile characterised by an adverse capital
structure and depressed coverage indicators: EFRAC's net worth
gradually eroded due to losses suffered by the company over the
years and stood negative at INR15.9 crore as on September 30, 2022
(unaudited). As a result, its capital structure remained adverse
with a negative gearing of 3.1 times as on September 30, 2022
(negative 3.2 times as on March 31, 2022). Nonetheless, ICRA notes
that the net loss narrowed to INR3.9 crore in FY2022 (Rs. 8 crore
in FY2021) and further to INR0.24 crore in H1 FY2023 (Rs. 2.3 crore
in H1 FY2022), showing signs of improvement. The coverage
indicators remained depressed, as reflected by an interest coverage
of 1.3 times and TD/OPBDITA of 4.2 times in H1 FY2023, despite the
improvement witnessed in the recent quarters.

* Sizeable debt servicing obligations; high coupon rates on NCDs:
EFRAC's NCDs carry a high coupon rate of 18%, leading to a sizeable
interest outgo on a yearly basis. The redemption of the NCDs worth
INR48.26 crore (including accrued interest; held by Mandala Food
Co-Investment I Ltd which is a part of the Mandala group) is due in
September 2023 although the same is expected to be deferred. ICRA
notes that the cash accruals generated from the business would be
insufficient to repay the maturity proceeds and the company would
remain dependent on refinancing and/or investor support to redeem
the same.

* Relatively smaller scale of operations: EFRAC's revenue surged
45% to INR24.6 crore in FY2022, primarily driven by a ~71% growth
in revenues from the food products division. The drugs and
environment divisions also witnessed a growth of ~23% and ~41%,
respectively, during the same period. The company's growth
trajectory, with some moderation, is expected to continue in the
current fiscal as it has already registered sales worth INR14.7
crore in H1 FY2023, which is a ~24% increase on a YoY basis.
Despite that, the scale of operations would continue to remain
small.

Liquidity position: Poor

The liquidity of the company is poor. EFRAC's fund flow from
operations despite the significant improvement witnessed, stood
negative at INR0.6 crore in FY2022 (negative INR5.1 crore in
FY2021) due to low absolute profit and high interest outgo. The
company is likely to spend around INR4 crore on replacement of
machines in FY2023, which would be funded through internal
accruals. High interest outgo relative to the absolute
profitability and regular capex are expected to keep the liquidity
of the company poor in the near-to-medium term.

Rating sensitivities

Positive factors – ICRA may upgrade EFRAC's rating if the
company's net worth and liquidity position improve significantly on
a sustained basis.

Negative factors – Pressure on EFRAC's rating may arise if it is
unable to make financial arrangements in advance to honour the
upcoming NCD redemption.

Edward Food Research and Analysis Centre Limited (EFRAC), a part of
the Keventer Group, was established in August 1921 by Mr. Edward
Keventer as Edward Keventer Private Limited. In 1986, the company
was acquired by Mr. M. K. Jalan, Promoter and Chairman of the
Keventer Group. Subsequently, the company's name was changed to
Edward Keventer Life Science Limited before being further changed
to Edward Food Research and Analysis Centre Limited. Mandala Food
Co-Investments II Ltd. and Mandala Litmus SPV, based out of
Mauritius, made an equity investment in FY2017, post which, the
Mandala Group holds an equity stake of 51% in EFRAC while the
Keventer Group holds 49%. The chairman of the board is from the
Mandala group. The company operates a testing and research
laboratory for food and food products, drugs and cosmetics, and
environment at Subhash Nagar in North 24 Parganas district, West
Bengal.


FEEDBACK ENERGY: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor:   Feedback Energy Distribution Company Limited
          311, 3rd Floor, Vardhaman Plaza
          Pocket 7, Plot No. 6 Sector 12,
          Dwarka New Delhi-110078

Insolvency Commencement Date: December 21, 2022

Estimated date of closure
of insolvency resolution
process:                      June 18, 2023

Court: National Company Law Tribunal, New Delhi Bench

Insolvency
Professional:  Rajneesh Kumar Aggarwal
               C-60, 3rd Floor,
   C-Block Community Centre,
   Janak CinemaComplex,
   Janak Puri, New Delhi-110058
   Email: ip.fedco@gmail.com
          ca@arkadvisors.in

Last date for
submission of claims: January 4, 2023


G-NEXT MEDIA: CARE Lowers Rating on INR11.50cr LT Loan to B
-----------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
G-Next Media Private Limited (GNM), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      11.50       CARE B; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B+; Stable

   Long Term/           2.15       CARE B/CARE A4; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B+/CARE A4

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 2,
2021, placed the rating(s) of GNM under the 'issuer
non-cooperating' category as GNM 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. GNM
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 18, 2022, September 28, 2022, October
8, 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 bank facilities of GNM have been revised on
account of non-availability of requisite information.

G Next Media Private Limited (GNM) incorporated in March, 1990 is
currently being managed by Mr. Rabindra Narayan and Mrs. Rajiee M
Shinde. GNM is wholly owned subsidiary of Gur- Baz Media Private
Limited (GMP). GMP is an investment holding company of the group.
GNM is engaged in business of television programming &
broadcasting. The company has three "Punjabi" language based free
to air TV channels namely PTC Punjabi, PTC Chak De and PTC News.
All the three channels are broadcasted on pan India basis while PTC
Punjabi is also available in USA, Canada, Australia, UK and
NewZealand through its subsidiaries. The company has its own pre
and post production facilities while it outsources some of its work
to other production houses also.


GHODAWAT ENTERPRISES: Ind-Ra Assigns BB+ Long Term Issuer Rating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Ghodawat
Enterprises Private Limited (GEPL) a Long-Term Issuer Rating of
'IND BB+'. The Outlook is Stable.

The instrument-wise rating actions are:

-- INR210 mil. Fund-based limits* assigned with IND BB+/Stable/
     IND A4+ rating;

-- INR210 mil. Non-fund-based limits* assigned with IND BB+/
     Stable/IND A4+ rating;

-- INR1,099.80 bil. Term loans due on FY29-FY30 assigned with
     IND BB+/Stable rating; and

-- INR240 mil. Proposed term loans assigned with IND BB+/Stable
     rating.

*Non-fund based facility of INR210 million is a sublimit of the
fund-based facility

Key Rating Drivers

Moderate Revenue Visibility; Reliance on Viability Gap Funding
under UDAN Scheme: GEPL had a passenger load factor (PLF) of 73%
during January-June 2022 and 76.94% on average during July-November
2022. During January-June 2022, 46% of seats were sold under UDAN
scheme and 27% were sold at market rates on average. During
July-November 2022, PLF gradually increased to 80.11% from 74.61%.
Average receivables ageing of Viability Gap Funding (VGF) is 30
days. GEPL is protected to a certain extent against the soaring
prices of air turbine fuel (ATF) fuel rate because of a periodic
review of VGF; however, this benefit is available only for a period
of three years from the date of commencement of the route. Also,
VGF is available for the seats allocated for Regional Connectivity
Scheme (RCS). During FY22, INR848.87 million (FY21: INR424.31
million) was own revenue (non-UDAN seats revenue and UDAN fare
revenues) and INR684.77 million (INR306.63 million) was VGF. Hence,
there is reliance on VGF to sustain the operations of GEPL.

Liquidity Indicator - Stretched: GEPL's average peak utilization of
the fund-based limits was 84% for the 12 months ended November
2022; however, the average utilization was 45%. The cash flow from
operations (after deducting finance cost and adding interest
income) deteriorated to INR146.36 million in FY22 (FY21: INR662.65
million), owing to an increase in the trade receivables and other
changes in working capital. The cash & equivalents stood at
INR139.56 million in FY22 (FY21: INR220.16 million). The free cash
flow (after deducting finance cost, capital expenditure) improved
to INR113.21 million in FY22 (FY21: negative INR150.20 million) on
account of lower capex. The company has principal repayment
obligations of INR195.53 million and INR203.88 million for FY23 and
FY24, respectively. Furthermore, Ind-Ra expects liquidity to be
moderately constrained over the medium term, since GEPL has plans
to operate two aircraft on operating lease basis. However, it also
plans to increase its scale of operations by operating on new RCS
routes which have been already approved and also increasing the
frequency of existing routes. Additionally, GEPL plans to borrow
INR240 million under Emergency Credit Line Guarantee Scheme.

Modest EBITDA Margins: The EBITDA margins marginally increased to
15.87% in FY22 (FY21: 15.55%) due to the better absorption of
administrative costs. The return on capital employed was negative
0.30% in FY22 (FY21: negative 2.50%) due to depreciation expense of
INR291.76 million (INR225.84 million). Ind-Ra expects the absolute
EBITDA and profitability margins to improve in FY23, owing to an
increase in PLF and thereby an improvement in the absorption of
administrative costs.

Stretched Credit Metrics: GEPL's interest coverage (operating
EBITDA/gross interest) increased to 4.02x in FY22 (FY21: 3.49x) and
net financial leverage (adjusted net debt/operating EBITDA) reduced
to 2.46x (4.34x), due to an increase in the absolute EBITDA to
INR282.60 million (INR146.36 million). The agency however expects
the credit metrics to deteriorate in FY23 as GEPL has decided to
demerge its investment division and accordingly will make
adjustments to investment balances and reserves and surplus
balances. However, there will be no cash flow impact. Furthermore,
Ind-Ra has considered standalone operations of GEPL while
performing credit analysis.

Modest Revenue Profile: As of March 31, 2022, GEPL under the brand
name Star Air operated a fleet of five aircraft and two helicopters
(operated on charter basis), across 19 destinations in India. The
company was awarded air operator's certificate in January 2019.
GEPL is planning to expand its fleet size by obtaining two Embraer
E-175 aircraft on operating lease. Star Air operates on 38 routes
covered under RCS across India, connecting Tier II and Tier III
cities with Tier I cities. During FY22, INR1,537 million (FY21:
INR733.61 million) was revenue from operations from the airlines
division, INR115.97 million (INR82.72 million) was from the charter
of helicopters and INR10.51 million (INR8.04 million) from the sale
of electricity generated from the windmill division.

Fuel Price Risks: GEPL remains exposed to fluctuations in the
prices of ATF, which accounts for over 44% of the revenue. The
prices of ATF are linked to crude oil prices. Moreover, the company
faces intense competition at the time of bidding for VGF, which
constrains its ability to pass on the increase in the cost,
impacting profitability margins. However, this risk is offset by
indexation in VGF on regular intervals and concession in taxes by
state and central government if the fuel is filled in RCS airports
and also due to exclusivity clause for three years. On an average,
GEPL can source ATF at 15% cheaper rates than the airlines
operating in non-RCS routes, Moreover, Star Air operates in tier-2
and tier-3 cities routes to strategically avoid competition with
bigger airlines. However, any weakness in the PLFs and/or revenue
yields would impact the profitability of company, given the high
fixed cost structure.

Forex Risks: GEPL's profitability is susceptible to volatile
foreign exchange rates, as the company uses ATF, incurs aircraft
lease rent and aircraft repairs and maintenance in foreign
currency. However, this risk is mitigated by the indexation of
dollar/INR rates by the government and accordingly adjusting the
VGF. Furthermore, Star Air has started to perform in-house
maintenance of aircraft to reduce overhaul expenditure and
maintenance, thereby mitigate the risks.

Low Level of Concentration of Routes: Star Air operated 10,884
flights during January 2019 - June 2022 where each route
contributed in the range of 2.14%-8.51% to the total seats sold.
There are few routes where the VGF for UDAN seats has been extended
for a period of eight-12 months from the date of expiry in November
2022. Furthermore, GEPL has added eight routes (four destinations)
and one new RCS route in FY22, where operations have commenced.
Also, it is in plans to operate one more RCS route, which is funded
by state government. GEPL faces inherent risks in continuation of
operations due to the nature of airline industry (such as fuel
prices, PLF, and operational risks) and dependence on VGF funding;
however, the risk will be mitigated by the presence of new routes
and addition of two aircraft on operating lease.

Furthermore, the risk of competition from established players is
negligible (once the route is allotted to GEPL based on lowest bid
of VGF made), due to the exclusivity clause provided for three
years from the date of commencement of operations in the RCS route.
Even though, VGF funding is for a fixed tenure, GEPL is entitled
for a concessional rate of VAT on ATF, no landing charges, no
parking charges, and other few benefits, which reduces its
operational costs to a certain extent.

Rating Sensitivities

Positive: An improvement in the scale of operations and
profitability, and net financial leverage remaining below 4x, all
on a sustained basis, will be positive for the ratings.

Negative: Substantial deterioration in the liquidity or
deterioration in the scale of operations or deterioration in
profitability or net financial leverage exceeding 5x will be
negative for the ratings.

Company Profile

Incorporated in November 2012 and commenced operations in January
2019, GEPL secured a non-scheduled operator permit in 2014 to
operate two helicopters on charter basis. It commenced its
operations under the name Star Air from January 2019 after
receiving an air operator's certificate. GEPL owns five Embraer
(ERJ-145) aircraft with 50 seating capacity each and two
helicopters. It operates on a scheduled basis in over 19
destinations which are under RCS under UDAN program.



GUJARAT HY: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor:  Gujarat Hy - Spin Limited
         P.O Box No. 22 Gundala Road,
         Gondal Rajkot
         Gujarat 360311 India

Insolvency Commencement Date:  December 20, 2022

Estimated date of closure of
insolvency resolution process: June 22, 2023

Court: National Company Law Tribunal, Ahmedabad Bench

Insolvency Professional:  Samir Ganeshbhai Marathe
                          1st Floor, Sumati Avenue
                          Bhairavnath Road, Opp. Rajkamal Bakery
                          Maninagar, Ahmedabad 38008
                          Email: casgmarathe@gmail.com
                       gujarat.hy.spin.ltd.in.cirp@gmail.com

Last date for
submission of claims:    January 7, 2023


JUNAID ENTERPRISES: CARE Keeps B- Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Junaid
Enterprises (JE) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       3.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      7.00       CARE A4; 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 November 30,
2021, placed the rating(s) of JE under the 'issuer non-cooperating'
category as JE 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. JE continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
October 16, 2022, October 26, 2022, November 5, 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).

Junaid Enterprises was established in the year 2000 with its office
located at Ranchi, Jharkhand. Since its inception, the entity has
been engaged in civil construction business in the segment like
building on the behalf of PWD Jharkhand, and Institutions. Further,
the entity is also classified as "Super Class" contractor in civil
(B&R) under the department of PWD Jharkhand. The firm executes
projects in an around Jharkhand. Mr. Md. Asgar Ali, Mr. Md. Akbar
Ali, Mr. Azad Mansur having long experience in civil construction
industry looks after the day to day operations of the entity along
with other technical and non-technical professionals who are having
long experience in this industry.


K.P. CHACKO: CARE Keeps B- Debt Rating in Not Cooperating Category
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of K.P. Chacko
and Sons (KCS) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      17.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated November 11,
2021, placed the rating(s) of KCS under the 'issuer
non-cooperating' category as KCS 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. KCS
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 27, 2022, October 7, 2022, October 17,
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).

K.P. Chacko & Sons (KCS) based at Kerala was established in the
year 1992 as a partnership firm by Mr. Jerald Jacob and his wife
Mrs. Rajee Jerald. The firm is mainly engaged in retailing of
jewellery, ethnic gold and stone studded ornaments along with
silver jewellery and gift articles. KCS has its retail showroom
located at Thodupuzha, Kerala in around 2000 sq. ft. area. Around
95% of the total revenues of the firm are generated from sale of
gold and gold ornaments while balance of the sales is being done
from sale of silver and silver articles.

M.K. PRINTPACK: ICRA Withdraws B+ Rating on INR15.90cr LT Loan
--------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
M.K. Printpack Private Limited at the request of the company and
based on the No Objection Certificates/Closure Certificate received
from the bankers. However, ICRA does not have information to
suggest that the credit risk has changed since the time the rating
was last reviewed. The Key Rating Drivers, Liquidity Position,
Rating Sensitivities, Key Financial indicators have not been
captured as the rated instruments are being withdrawn.

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          15.90       [ICRA]B+ (Stable); ISSUER NOT
   Fund Based-                     COOPERATING; Withdrawn
   Cash Credit         
                                   
   Long Term-           9.02       [ICRA]B+ (Stable); ISSUER NOT
   Fund Based-                     COOPERATING; Withdrawn
   Term Loan         
                                    
   Long Term-           6.92       [ICRA]B+ (Stable); ISSUER NOT
   Non Fund Based                  COOPERATING; Withdrawn
   Term Loan         

   Long-Term-          (6.13)      [ICRA]B+ (Stable); ISSUER NOT
   Interchangeable                 COOPERATING; Withdrawn

   Short-Term-         (4.00)      [ICRA]A4; ISSUER NOT
   Interchangeable                 COOPERATING; Withdrawn

   Unallocated Limits   0.16       [ICRA]B+ (Stable)/[ICRA]A4;  
                                   ISSUER NOT COOPERATING;
                                   Withdrawn

M. K. Printpack Private Limited (MKPPL) was initially established
as a partnership firm – 'M K Industries' in 1998 and was
subsequently converted to a private limited company in 2008. The
company manufactures packaging material such as mono cartons,
e-flute cartons and corrugated boxes. The operations of the company
are managed by Mr. Anil Kumar and Mr. Sanjeev Kumar who
collectively have an experience of over 15 years in the packaging
industry. MKPPL has three manufacturing facilities at Daman,
Motapondha and Chennai with a collective production capacity of
2000 tonnes per month. MKPPL has a Group concern – M K Printpack
Industries (MKPI), which is a partnership firm in which the
directors of MKPPL are the partners. MKPI also manufactures mono
cartons, e-flute cartons and corrugated boxes.


MAHARASHTRA ELECTRO: CARE Lowers Rating on INR7.0cr LT Loan to B-
-----------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Maharashtra Electro Mechanical Works Private Limited (MEMWPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B; Stable

   Short Term Bank      1.00       CARE A4; 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 November 2,
2021, placed the rating(s) of MEMWPL under the 'issuer
non-cooperating' category as MEMWPL 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. MEMWPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated September 18, 2022, September
28, 2022, October 8, 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 MEMWPL have been
revised on account of non-availability of requisite information.

Incorporated in December 1988, Maharashtra Electro Mechanical Works
Private Limited (MEMWPL); ISO 9001: 2000 Certified organization
started its operations in engineering industry under the leadership
of Mr. Keshav Kulkarni and his son Mr. Swanand Kulkarni. MEMWPL is
engaged into repairs and maintenance of L.T. and H.T. motors, water
pumps, chemical pump, compressor, alternators, transformers etc.
further it also undertook Operation & maintenance of water &
sewerage treatment plants for Municipal Corporations like Kalyan
Dombivli Municipal Corporation and Thane Municipal corporation etc.
MEMWPL has its well equipped plant located at Mhape, Navi Mumbai.


MAHESHWARI COAL: ICRA Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Maheshwari
Coal Benefication & Infrastructure Private Limited. in the 'Issuer
Not Cooperating' category. The ratings are denoted as
"[ICRA]B(Stable)/[ICRA]A4;ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          6.00        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-          2.46        [ICRA]B (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-         2.00        [ICRA]A4 ISSUER NOT
   Non Fund Based                  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 Further, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due, but
despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Incorporated in 2005, MCBIPL is involved in the coal trading and
logistics business in Chhattisgarh. The company also has a coal
beneficiation facility (dry technology) with an input capacity of
1.2-million tonnes per annum (mtpa) and a private railway siding.

MODERN DALKHOLA: CARE Lowers Rating on INR8cr LT Loan to B
----------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Modern Dalkhola Flour Mills Private Limited (MDFMPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.00       CARE B; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B+; Stable

   Short Term Bank     15.00       CARE A4; 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 29,
2021, placed the rating(s) of MDFMPL under the 'issuer
non-cooperating' category as MDFMPL 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.
MDFMPL continues to be non-cooperative despite repeated requests
for submission of information through e-mails, phone calls and a
letter/email dated September 14, 2022, September 24, 2022, October
4, 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 MDFMPL have been
revised on account of non-availability of requisite information.
The ratings also consider decline in scale of operations as well as
reported net loss during FY21.

Modern Dalkhola Flour Mills Pvt. Ltd. (MDFMPL), incorporated in
1986, promoted by Mr Subroto Ghosh and Mr Swadhin Ghosh of
Siliguri, is engaged in manufacturing of wheat-based products like
Atta, Maida, Suji and wheat bran. The company has a manufacturing
facility at Dalkhola at West Bengal with an installed capacity of
6, 50,000 quintals per annum. The company sells its finished
products in the states of West Bengal, Bihar, Assam etc.


NAMBIAR BUILDERS: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Nambiar Builders
Private Limited's Long-Term Issuer Rating of 'IND BB' in the
non-cooperating category and has simultaneously withdrawn it.

The instrument-wise rating action is:

-- INR500 mil. Term loan due on September 2024 maintained in non-
     cooperating and withdrawn;

*Maintained at 'IND BB (ISSUER NOT COOPERATING)' before being
withdrawn

Key Rating Drivers

Ind-Ra has maintained the ratings in the non-cooperating category
because the issuer did not participate in the rating exercise,
despite continuous requests and follow-ups by the agency and  has
not provided information pertaining to full-year financial
performance for FY21 and FY22, sanctioned bank facilities and
utilization levels, business plan and projections for the next
three years, information on corporate governance, and management
certificate.  

Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies. Ind-Ra
will no longer provide analytical and rating coverage for NBPL.

Company Profile

Incorporated in 2009, NBPL is primarily engaged in the construction
of villas. The company is promoted by Ramesh Nambiar and Ratheesh
Nambiar, who collectively have over 27 years of experience in the
real estate industry. It has a strong presence in Bengaluru,
Karnataka.


OSR MP: CARE Keeps C Debt Rating in Not Cooperating Category
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of OSR MP
Warehousing Enterprises (OMWE) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       3.18       CARE C; 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 December 1,
2021, placed the rating(s) of OMWE under the 'issuer
non-cooperating' category as OMWE 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. OMWE
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated October 17, 2022, October 27, 2022, November 6,
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).

Hyderabad based, OSR MP Warehousing Enterprises (OMWE) was
established as a partnership firm in the December 2012 by Mr.
Vamsidhar Maddipatla and Mrs. Kalpana Prasad. The firm is engaged
in providing ware house on lease rental to Food Corporation of
India (FCI) and other local traders. Mr. Vamsidhar Maddipatla and
family runs seven other entities namely OSR Infra Private Limited,
OSR UP Warehousing Enterprises, Annapurna Saraswathi Warehousing
Enterprises, Annapurna Kalpana Warehousing Enterprises, KPM
Warehousing Enterprises and VK Warehousing Enterprises which is in
the same line of business and have operational linkages. The
property of OSRMP, located at Sonebhadra, Uttar Pradesh, which is
built on a total land area of 152,024 square feet comprises of two
godowns, with an aggregate storage capacity of 9,600 MT (Metric
Tons) for agricultural products and consumer goods. The total
project cost for the construction of two godown was INR 3.76 crore
which was funded through bank term loan of INR 3.18 crore and
promoters fund of INR 0.58 crore. The firm started the project work
in February 2015 and is expecting to start the commercial
operations from December 2018. As on September 19, 2018, the firm
has incurred the entire cost i.e the project has been completed
100%.


PADMAJA FARMS: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Padmaja
Farms in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+(Stable); ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          6.95        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-          3.05        [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 but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Padmaja Farms operates poultry farms with a total capacity of
3,07,374 layer birds in Basapura and Bullapur village, Koppal
district, Karnataka. It is involved in the sale of table eggs.

PARAS STEEL: Ind-Ra Affirms BB Long Term Issuer Rating
------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Paras Steel Corporation (PSC):


-- Long-Term Issuer Rating affirmed with IND BB/Stable rating;

-- INR50 mil. Fund-based working capital limit assigned with
     IND BB/Stable/IND A4+ rating;

-- INR130 mil. Non-fund based working capital limit assigned with
     IND A4+ rating;

-- INR12.8 mil. Term loan due on July 2024 assigned with IND BB/
     Stable rating; and

-- INR300 mil. Non-fund based working capital limit affirmed with
     IND A4+ rating.

Analytical Approach:  Ind-Ra has taken a consolidated view of PSC,
Vijaykumar & Co ('IND BB'/Stable), and Dalkan Shipbreaking Ltd
('IND BB'/Stable) jointly referred to as the Bhupatrai Chimanlal
group, while arriving at the ratings. This is in view of the strong
strategic and operational ties between the companies and the common
management.

Key Rating Drivers

The group has a medium scale of operations with consolidated
revenue rising to INR1,416 million in FY22 (FY21: INR1,077million,
FY20: INR1,121 million), mainly driven by higher sales of scrap, as
the company had purchased larger sized ships. The group's revenue
highly depends on the type of ships procured by the entities to
dismantle, leading to the absence of revenue visibility. Ind-Ra
expects the consolidated revenues for FY23 to remain in line with
FY22 or see a marginal decline, since the group had just one ship
to breakdown during 1HFY23.  

Liquidity Indicator - Stretched: The fund-based working capital
utilization of the group has been 35% for the 12 months ended
October 2022. The group utilizes its non-fund-based letter of
credit (LC) limits for purchasing ships. The tenure for the same
depends upon the size and tonnage of ships and ranges between
180-270 days. An upfront cash margin of 15% is retained at the time
of opening an LC. The group parks its surplus in fixed deposits.
This ensures gradual a build-up of reserve funds to meet the
sizeable LC payment obligations on maturity. As on 31 October 2022,
the group had no outstanding LC. The group's working capital cycle
improved to 181 days in FY22 (FY21: 222 days; FY20: 448 days), but
remained elongated, due to a decrease in the inventory days to 129
(183, 408). The group's payable period was 9 days in FY22 (FY21: 10
days; FY20: 7 days) and receivable days were 60 (50; 46). The group
has a total debt repayment of INR6.9 million for the years FY23 and
FY24, respectively. The group had cash and bank balances of INR108
million at FYE22, out of which INR105 million is lien marked
against LC (FYE21: INR89 million).

The ratings factor in the group's modest and volatile EBITDA
margins. The EBITDA margins declined to 2.5% in FY22 (FY21: 3.81%)
due to lower-than-average realization per unit from the ships
purchased for dismantling and higher average metal/scrap prices.
The return over capital employed stood at 3.5% in FY22 (FY21:
2.7%). The operating margins of the group fluctuated between 2%-6%
over FY19-FY22, reflecting the volatility in the prices of steel
scrap as well as the purchase price of ships.

The ratings reflect the group's modest credit metrics. The interest
coverage (operating EBITDA/gross interest) improved to 1.01x in
FY22 (FY21: 0.66x) mainly due to a reduction in interest cost INR36
million (INR41 million), while the net financial leverage (adjusted
net debt/operating EBITDA) deteriorated to 20.97x (17.32x) due to
an increase in the overall debt to INR854 million (INR799 million).
The agency, however, expects the company's credit metrics to remain
in the line with FY22 as the group's operating performance may
either remain stable or see a marginal decline.

The ratings factor in the favorable location of the ship-breaking
yard and over 30 years of promoter's experience in the ship
breaking industry. The Bhupatrai Chimanlal group's ship-breaking
yard is located in the Alang-Sosiya belt in Gujarat, which is one
of the world's largest ship-breaking clusters and constitutes
almost 90% of India's ship-breaking activity.

Standalone Performance: On a standalone basis, PSC's revenue rose
to INR338 million in FY22 (FY21: INR331 million), while its
operating margins were 3% (5%), the interest coverage was 1.31x
(0.73x) and the net leverage was 7.65x (17.25x).  

Rating Sensitivities

Positive: An improvement in the consolidated scale of operations
and the liquidity position, leading to the consolidated interest
coverage exceeding 1.3x, on a sustained basis, will be positive for
the ratings.

Negative: A deterioration in the consolidated scale of operations
and liquidity position, leading to a deterioration of the
consolidated credit metrics, on a sustained basis, would be
negative for the ratings.

Company Profile

PSC was established in 1998 as a proprietorship concern of
Jaysukhlal Shah to carry out ship-recycling activities. The firm
operates from the Alang Ship Breaking Yard in Bhavnagar, Gujarat.


PR CARS: CARE Upgrades Rating on INR31.28cr LT Loan to B
--------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
PR CARS LLP, as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank
   Facilities           31.28      CARE B; Stable Revised from
                                   CARE B+; Stable to CARE D and   
        
                                   simultaneously upgraded to
                                   CARE B; Stable

Detailed rationale and key rating drivers

CARE Ratings Ltd. has downgraded the long- term rating of PR CARS
LLP to CARE D and subsequently upgraded to CARE B; Stable. The
revision in the rating of long- term bank facilities of PR CARS LLP
to CARE D takes into account the instance of delay in debt
servicing of term debt obligation on June 7, 2022 for one day as
reflected in the bank statement shared by the firm. The delay was
due to stretch in liquidity position leading to insufficient funds
for repayment of the term loan. Further, the rating has been
revised to CARE B; Stable on account of track record of more than
three months of timely servicing of its debt obligations from the
date of last default, coupled with improvement in liquidity profile
of the firm driven by improvement in auto sector. The ratings
continue to remain constrained on account of small though improving
scale of operations, low profitability margins, elongated operating
cycle, leveraged capital structure and weak debt service
indicators. The rating is further constrained by pricing
constraints and margin pressure arising out of competition from
various auto dealers in the market and cyclical nature of auto
industry. The ratings, however, derive strength from the
experienced partners and association with Hyundai Motors India
Limited as its authorized dealer.

Rating sensitivities

Positive factors – Factors that could lead to positive rating
action/upgrade:

* Sustained improvement in the scale of operations beyond INR150
crores
* Improvement in capital structure as marked by overall gearing
below 1.50x

Negative factors – Factors that could lead to negative rating
action/downgrade:

* Decline in operating cycle above 180 days on a sustained basis
* Decline in PBILDT margins below 3.00% on a sustained basis

Detailed description of the key rating drivers

Key rating weaknesses

* Small though improving scale of operations: The scale of
operation has remained small though ascended as marked by
total operating income and gross cash accruals stood at INR64.20
crore and INR 0.47 crore respectively in FY22 (FY refers to period
from April 1 to March 31; based audited results) against total
operating income and gross cash accruals of INR50.34 crores and
INR0.46 crores in FY21. The improvement in total operating income
is on account of higher number of vehicles sold in FY22. The firm's
tangible net worth base stood relatively small at INR 9.27 crore as
on March 31,2022. The small scale limits the firm's financial
flexibility in times of stress and deprives it from scale benefits.
Further, the firm has achieved total operating income of ~INR 90
crores during 9MFY23 and is expected to clock revenue of ~Rs 130
crore in FY23 on account of growing demand in the industry.

* Low profitability margins: The profitability margins of the firm
stood low as marked by PBILDT and PAT margins of 6.81% and 0.40%
respectively in FY22, owing to the trading nature of business.
Further, the firm has limited negotiating power and limited pricing
flexibility with its original equipment manufacturer (OEM) Hyundai
Motors India Limited. The PBILDT Margins has improved y-o-y due to
increased share of higher segment cars sold which fetch better
margins. However, moderation in PAT margins is on account of higher
interest obligation. During FY23 as envisage the PBILDT margin is
expected to remain around
6-7%.

* Leveraged capital structure and weak debt service indicators: As
on March 31, 2022, the debt profile of the firm comprise of term
loan to the tune of INR17.19 crores, unsecured loan to the tune of
INR1.71 crores and working capital limits utilized at INR19.11
crores against relatively small tangible net worth of INR9.27
crore. The capital structure of the firm deteriorated and remain
weak as marked by overall gearing ratio at 4.10x as on March 31,
2022 as compared to 3.68x as on March 31, 2021, on account of high
dependence on external borrowing by the firm to fund the
incremental working capital requirement. Further, the debt service
coverage indicators of the firm stood weak owing to low
profitability coupled with high debt levels. The firm interest
coverage ratio and total debt to GCA stood at 1.15 and 81.56x
respectively in FY22 (PY: 1.22x and 71.93 x respectively).

* Elongated operating cycle: The operation of the firm is working
capital intensive as marked by elongated operating cycle of 105
days in FY22 The firm needs to stock different models of vehicles
and spares in the showrooms to ensure adequate availability and
visibility, this leads to higher inventory days. The average
inventory holding days of the firm stood at 55 days in FY22 (PY: 68
days). Further, though the sales to customers are made on cash
basis; however, around 70% of the vehicles are bought on vehicle
financing basis through banks and NBFCs which results in collection
period of 54 days in FY22 as against 47 days in FY21. The company
procures passenger vehicles and spare parts from Hyundai Motors
India Limited by making full advance payment resulting creditors
days stood at 4 days in FY22 as against 6 days in FY21. Besides
this, the large working capital requirements are met through bank
borrowings which remained around fully utilized for the last 12
months ended December 2022.

* Cyclical nature of the auto industry: The automotive sector is
dependent on economic growth, credit conditions and consumer
confidence. The auto industry is inherently vulnerable to economic
cycles and is highly sensitive to interest rates and fuel prices. A
hike in interest rate increases the costs associated with the
purchase leading to purchase deferral. Fuel prices have a direct
impact on the running costs of the vehicle and any hike in the same
would lead to reduced disposable income of the consumers,
influencing the purchase decision. The policies implemented by the
government also have a direct bearing on the sale of passenger
vehicles.

* Pricing constraints and margin pressure arising out of
competition from various auto dealers in the market: Indian
automobile industry is highly competitive in nature as there are
large numbers of players operating in the market like Maruti Suzuki
India Limited, Tata Motors, Hyundai Motors India Limited, Honda
Cars India Limited, Toyota Kirloskar Motor Private Limited etc. in
the passenger vehicle segment. Original Equipment Manufacturers
(OEMs) are encouraging more dealerships to improve penetration and
sales, thereby increasing competition amongst dealers. Entry of the
global players in the Indian market has further intensified the
competition. Hence, OEMs offer various discount schemes to attract
customers. Due to very high competition in the industry, dealers
are also forced to pass on discounts and exchange schemes to
attract customer being a volume driven business. Dealers' fate is
also linked to the industry scenario and performance of OEMs. The
firm is dealer of Hyundai Motors India Limited (HMIL) only and
derives its total operating income primarily from sale of HMIL's
cars. Hence, performance and prospects of the firm is highly
dependent on HMIL being its principal.

Key rating strengths

* Experienced Partners: The firm was established in 2018 by Mr.
Harshit Bajaj and Ms Mansi Bajaj who has an experience of 8 years
in dealership business. They also have dealership of Royal Enfield
and Bajaj in two-wheeler Segment. They operate through 3S model
(Sales, Service, Spares). Further, firm has a dedicated team of
marketing and sales professionals, service in-charge and customer
relation officers, who have experience of around a decade in their
respective fields.

* Authorized dealer of Hyundai Motor India Limited. (One of the
Largest players in Indian passenger vehicle market): PR Cars LLP is
the authorized dealer of HMIL (Hyundai Motors India Limited). HMIL
has wide and established distribution network and a network of
service centres across India which provides it a competitive
advantage over its peers. HMIL's fully integrated state-of-the-art
manufacturing plants boasts advanced production, quality, and
testing capabilities.

Liquidity: Stretched- Liquidity position of the firm remained
stretched characterized by full utilisation of working capital
limits for the past 12 month's period ending December 2022.
Further, the firm has reported gross cash accruals (GCA) to the
extent of INR0.47 crore during FY22 and is expected to generate
envisage GCA of INR0.60 crore for FY23 against repayment
obligations of INR 2.80 crore in same year. However, the firm has
comfortable cash & bank balances which stood at INR3.17 crore as on
March 31, 2022.

PR Cars LLP incorporated in 2018. The firm is an authorized dealer
of Hyundai Motor India Limited for Lucknow region. It runs 1
Hyundai Showroom and 2 workshops. It manages its operations through
its 3S (Sales, spare and service) model.


PS TOLL: ICRA Reaffirms D Rating on INR790cr LT Term Loan
---------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of PS Toll
Road Private Limited (PSTRPL), as:

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long-term–
   Fund-based–
   Term loan           790.0       [ICRA]D; reaffirmed

Rationale

The rating reaffirmation considers the continued delays in debt
servicing by PSTRPL. There were continued delays in achieving the
project milestones. Hence, the National Highways Authority of India
(NHAI) issued a suspension notice to the company and took over the
toll collections from PSTRPL from November 01, 2021. The funds
collected by the NHAI were then prioritised for completing the road
construction. The project received provisional completion
certificate in April end 2022 and the company has resumed toll
collections. While collections touched a healthy level of INR1-1.2
crore/day (last week of December 2022), the same remain below the
projected levels. It has started making the debt repayments from
the toll collections. However, given the pending capex obligations,
clearance of debt overdues will be gradual. The account remains
classified as a non-performing asset (NPA) by the bankers.

Key rating drivers and their description

Credit strengths - NA

Credit challenges

* Delays in debt servicing: There were delays in achieving the
project's milestones. Hence, the NHAI issued a suspension notice to
the company and took over the toll collections from November 01,
2021. As per the management, since declaration of PCOD, PSTRPL has
resumed toll collections. The debt servicing has started, although
the account remains a non-performing asset for lenders due to
significant overdues (Rs. 130-135 crore as on December 31, 2022).
Given the pending capex obligations,
clearance of debt overdues will be gradual.

Liquidity position: Poor

PSTRPL's liquidity position is poor. The cash flow from operations
are expected to be insufficient to meet its debt servicing
obligation (including overdues) over the near term. Besides
overdues of INR130-35 crore, it has a repayment obligation of
~INR48 crore in FY2024. While achievement of PCOD and resumption of
toll collection by the company is a positive, the completion of
pending project and improvement in toll collections will remain
crucial from a debt servicing perspective.

Rating sensitivities

Positive factors – ICRA could upgrade the rating upon timely
servicing of debt obligations, on a sustained basis, aided by
improvement in its cash flows and liquidity position.

Negative factors – NA

Incorporated in February 2010, PS Toll Road Private Limited
(PSTRL), is a special purpose vehicle (SPV) promoted by Reliance
Infrastructure Limited (R Infra) and Jiangsu Provincial
Transportation Engineering Group Co. Ltd. (JTEG) for widening of
Pune - Satara stretch from the existing four lanes to six lanes on
a built-operate-transfer (BOT - Toll) mode, in Maharashtra. The
project starts at km 725.00 and ends at km 865.35 of NH-4, with a
total length of about 140.35 km. The project was awarded by the
NHAI based on the highest premium quoted of INR90.90 crore in the
first year (escalates at 5% p.a. thereafter). The concession period
is for 24 years from the appointed date (i.e., October 1, 2010).


R R GOLD: ICRA Keeps B+ Debt Rating in Not Cooperating Category
---------------------------------------------------------------
ICRA has retained the rating for the bank facilities of R R Gold
Palace Pvt Ltd. in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+(Stable);ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         62.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

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

Incorporated in 2011 by Mr. R. Ramesh and Ms. G.S Prabhalatha, the
company is engaged in retailing of gold, silver, diamond and
platinum jewellery in Bangalore. While the company has been
operational since 2006, the constitution was changed to private
limited company in 2011. The promoters initially ventured into
retailing of gold jewellery by setting up a showroom - RR Gold
Palace in Malleswaram, Bangalore, under partnership model. With
increasing demand for gold jewellery, the promoters expanded the
company's presence by setting up more showrooms in Jayanagar and
Yelahanka.


RAMCHANDER STRAW: CARE Keeps B- Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shri
Ramchander Straw Products Limited (SRPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      0.60       CARE A4; 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 November 2,
2021, placed the rating(s) of SRPL under the 'issuer
non-cooperating' category as SRPL 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. SRPL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 18, 2022, September 28, 2022, October
8, 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 Ramchander Straw Products Ltd (SRPL) was incorporated in 1994
as a public limited company. It is promoted by Mr. Ram Agarwal and
Mr. Ravi Kumar Singhal along with their family members. SRPL's
manufacturing facility is located at Moradabad (U.P.) for
processing of kraft paper. The product is used for making
corrugated boxes, cartons, paper bags etc. and thus the main
consumption of kraft paper is in packaging.


RAMESHWAR COTTEX: ICRA Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Rameshwar
Cottex in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D;ISSUER NOT COOPERATING".

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–         7.00       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Cash Credit                   'Issuer Not Cooperating'
                                 Category

   Long-term–         2.50       [ICRA]D; ISSUER NOT
COOPERATING;
   Fund based                    Rating Continues to remain under
   Term Loan                    '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 but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in April 2016, as a partnership firm, Rameshwar Cottex
(RC) is involved in cotton ginning and pressing to produce cotton
bales and cottonseeds and in trading of raw cotton at its
manufacturing facility located in Rajkot, Gujarat. Its facility is
equipped with 36 ginning machines and a pressing machine with an
installed production capacity of 54 MTPD or 320 bales perday. The
firm set up its manufacturing facility in November 2015 and
commercial operations commenced from January 2016. The promoters
associated with the firm have vast experience in agro-commodities.


RISHABH WINPRO: CARE Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of The Rishabh
Winpro Private Limited (RWPL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       4.97       CARE B-; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      7.00       CARE A4; 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 November 2,
2021, placed the rating(s) of RWPL under the 'issuer
non-cooperating' category as TRWPL 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. RWPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated September 18, 2022, September
28, 2022, October 8, 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 Rishabh Winpro Private Limited (RWPL) was incorporated in
January 2013 by Mr. Rishabh Jain, Mr. Nikhil Jain and Mr. Umesh
Chand Jain to set up a unit for manufacturing of Unplasticized
Polyvinyl chloride (UPVC) doors and windows in Haridwar,
Uttaranchal. The company commenced its commercial operation in
November 2013.


S.N.N. TEXTILES: ICRA Reaffirms B+ Rating on INR18cr LT Loan
------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of S.N.N.
Textiles Private Limited (SNNTPL), as:

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-          7.00        [ICRA]B+ (Stable) reaffirmed
   Fund Based-                     
   Cash Credit                     
                                   
   Long Term-         18.00        [ICRA]B+ (Stable) reaffirmed
   Fund Based-                     
   Cash Credit                     
  
Rationale

The rating reaffirmation of SNNTPL derives comfort from the
experience of the promoters in the textile spinning industry, which
has facilitated in establishing strong ties with its key customers
and suppliers. In FY2022, SNNTPL's revenues witnessed a healthy
growth of 45% to around INR55 crore on the back of favourable
demand conditions and healthy yarn price realisations. However, the
operating margins moderated in FY2022 and are likely to drop
further in the current fiscal due to continued steep rise in cotton
(key raw material) prices. Revenues have reminded steady in the
current fiscal despite adverse demand conditions witnessed in the
first half. Over the near-to-medium term, with an improvement in
demand conditions and softening of cotton prices, the revenues and
margins are expected to witness a steady growth.

The rating is, however, constrained by SNNTPL's small scale of
operations, working capital intensive nature of operations and
susceptibility of earnings to volatility in cotton and yarn prices,
given the moderate pricing flexibility stemming from seasonal
availability of raw materials and a highly fragmented and
price-sensitive industry structure. Although, the company's
leverage indicators improved in FY2022, it remains constrained by
SNNTPL's small net worth base with gearing and Total Outside
Liabilities/Tangible Net Worth (TOL/TNW) remaining weak at 3.4
times and 4.7 times, respectively as on March 31, 2022. The rating
also considers its stretched liquidity position, as reflected by
high working capital utilisation and weak debt protection metrics
with high term loan repayment obligations in the near term.

The Stable outlook on the long-term rating reflects ICRA's opinion
that SNNTPL's operational and financial performances will continue
to benefit from the experience of its promoters and its established
market position.

Key rating drivers and their description

Credit strengths

* Extensive experience of promoters in spinning industry: SSNTPL is
an established player in the domestic market, with presence of
around a decade in the medium and finer count cotton yarn segment,
further supported by the experience of its promoters of around two
decades in the spinning industry. It enjoys long relationships with
suppliers and customers, lending stability to volumes over the
years. The company manufactures value-added compact and combed yarn
primarily in the 60s counts.

Credit challenges

* Small scale of operations: SNNTPL is a relatively smaller-sized
player in the highly fragmented domestic spinning industry, with a
capacity of 18,480 spindles. Revenues stood in the range of INR35
crore to INR55 crore over the last five years, limited primarily by
capacity constraints, which limits economies of scale to an extent
in a capital-intensive sector. Revenues are also exposed to asset
concentration and moderate customer concentration risks. Small
scale of operations also limits its pricing flexibility, exposing
the earnings to fluctuations in raw material prices, especially
owing to the seasonal availability of highquality cotton.

* Modest financial profile: SNNTPL's financial profile remains
constrained by its low net worth base (on the back of low
profitability in the early years coupled with sizeable debt-funded
capital expenditure towards setting up of the production capacity
and power sources for captive consumption). The ompany's debt
protection metrics remained stretched, with DSCR of 1.2 times in
FY2022. Although, the DSCR is likely to deteriorate further to less
than 1 times in FY2023 on the back of high debt repayment, the same
is expected to improve from FY2024.

Liquidity position: Stretched

SNNTPL's liquidity position is expected to remain stretched on the
back of high debt repayments and moderation in earnings
in the recent quarters. The firm had limited cash buffer, including
free cash reserves and unutilised lines of credit to the tune of
~Rs. 2 crore at the end of November 2022. The average monthly
utilisation of working capital limits stood at ~79% for the
12-month period ended in November 2022.

Rating sensitivities

Positive factors – ICRA may upgrade the rating if the company is
able to register a healthy growth in its scale of operations and
earnings, which would improve its capital structure and debt
protection metrics. Specific credit metrics that may trigger a
possible rating upgrade include TOL/TNW improving to levels below
3.0 times on a sustained basis.

Negative factors – Pressure on SNNTPL's rating may arise if there
is a sustained pressure on the operating performance or an
elongation of the working capital cycle or any debt-funded capital
expenditure, adversely impacting its capital structure and
liquidity position.

SNNTPL, incorporated in 2013, manufactures cotton yarn. The company
manufactures cotton yarn in the count range of 30s to 60s. It
commenced operations with 9,600 spindles in FY2015 and at present
has an installed capacity of 18,480 spindles, with its
manufacturing facility located in Annur in Tamil Nadu. It also has
a 0.6-MW windmill capacity and a 3-MW solar power capacity to meet
a part of its power requirements.


SHAKTI INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Shiv Shakti
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-         20.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-          3.75        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       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 but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Established in 2013, Shiv Shakti Industries is a partnership firm
with Mr. Soham Purohit and Manisha Purohit as partners. The firm is
engaged in the business of ginning and pressing of raw cotton as
well as crushing of cottonseeds with processing capacity of around
150 TPD of raw cotton. The firm is equipped with 24 ginning
machines and 1 Pressing machine having capacity to produce 250
bales per day. The firm is also equipped with 10 expellers having
capacity to produce 10,500 kgs. Of oil per day. The saleable
products of the firm include cotton bales, cotton seeds, cottonseed
oil and cottonseed cakes.


SHRINIVASA CATTLE: ICRA Lowers Rating on INR27cr Loan to B+
-----------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of
Shrinivasa Cattle Feeds Private Limited (SCFPL), as:

                     Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         27.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund-based-                     COOPERATING; Rating downgraded
   Cash Credit                     from [ICRA]BB (Stable)and
                                   moved to the 'Issuer Not
                                   Cooperating' category

Rationale

The rating downgrade is because of lack of adequate information
regarding SCFPL performance and hence the uncertainty around its
credit risk. ICRA assesses whether the information available about
the entity is commensurate with its rating and reviews the same as
per its "Policy in respect of non-cooperation by a rated entity"
available at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.  As part
of its process and in accordance with its rating agreement with
Shrinivasa Cattle Feeds Private Limited, 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 multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been moved
to the "Issuer Not Cooperating" category. The rating is based on
the best available
information.

SCFPL was incorporated by Mr. Sriram Medewar and Mr. Deelip
Chakkarwar in 1993. It is involved in the extraction of edible and
non-edible oils as well as de-oiled cakes. The company has an
extraction unit with a production capacity of 200 metric tonnes per
day (MTPD) and a refining unit with a 50-MTPD capacity at Nanded.
It is currently managed by the promoters' sons, Mr. Sunil Medewar
and Mr. Rohan Chakkarwar.

SHUBH LAKSHMI: Voluntary Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Shubh Lakshmi Synthetics Private Limited
        Mohan Singh Flat No. 311 III F
        Plot No 5 Pratap Bhawan,
        BSZ Marg New Delhi 110002

Liquidation Commencement Date: December 29, 2022

Court: National Company Law Tribunal, New Delhi Bench

Liquidator:    Ms. Seema Salwan
               47, Pusa Road,
               Ground Floor, Metro Pillar 131,
               Next to telephone exchange,
               New Delhi 110005
               Email: Seemasalwan.advocate@gmail.com
                      vl.shublakshmi@gmail.com
               Tel: 8130700079; 011-40622233

Last date for
submission of claims: January 28, 2023


SITARAM INDIA: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Sitaram
India Limited in the 'Issuer Not Cooperating' category. The ratings
are denoted as "[ICRA]B+(Stable)/[ICRA]A4;ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         20.00        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Long Term-         24.10        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Term Loan                       to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-         0.93        [ICRA]A4 ISSUER NOT
   Non Fund Based                  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 but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

SIL was initially incorporated as "Swagat Synthetics Private
Limited (SSPL)" on September 24, 1987 by Shri Jagdish Prasad Nuwal
& Shri Anil Nuwal; subsequently, the company was converted into a
public limited company and name was changed to "Sitaram India
Limited" in 2015. SIL is engaged in manufacturing of fabrics,
starting from yarn twisting upto weaving and packing of the
finished product.

SUMAJA ELECTROINFRA: CARE Lowers Rating on INR24cr LT Loan to B/A4
------------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Sumaja Electroinfra Private Limited (SEPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term/Short      24.00      CARE B; Stable/CARE A4;
   Term Bank                       ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B+/CARE A4

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated October 27,
2021, placed the rating(s) of SEPL under the 'issuer
non-cooperating' category as SEPL 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. SEPL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated September 12, 2022, September 22, 2022, October
2, 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 have been revised on account of decline in scale of
operations as well as increase in overall debt in FY22 over FY21.

Incorporated in 2005, Sumaja Electroinfra Private Limited (SEPL) is
engaged in providing turnkey services of electrification and civil
works particularly for government clients. The company was
originally in the field of manufacturing and trading/import of
pre-school kits, mosquito bednets, steel/wooden furniture etc. Over
the years, SEPL has gained experience in a wide spectrum of
projects including erection, testing, commissioning of 132/33/11 KV
Grid sub-stations and 220/132/33 kv substation jobs, HT/LT (high
tension/low tension) cable laying, turnkey projects of
instrumentation, electrification and construction of public works
including schools, OHTs (overhead tanks), swimming pools, boring
etc.


THENPANDIAN SPINNING: Ind-Ra Hikes Long Term Issuer Rating to 'BB+'
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Thenpandian
Spinning Mills India Private Limited's (TSMIPL) Long-Term Issuer
Rating to 'IND BB+' from IND BB. The Outlook is Stable.

The instrument-wise rating actions are:

-- INR360 mil. (increased from INR180 mil.) Fund-based facilities

     Long-term rating upgraded; short-term rating affirmed with
     IND BB+/Stable/IND A4+ rating;

-- INR14.95 mil. (reduced from INR100 mil.) Non-fund-based
     facilities affirmed with IND A4+ rating; and

-- INR711.02 mil. (increased from INR636.01 mil.) Term loan due
     on November 2030 upgraded with IND BB+/Stable rating.

The upgrade reflects an improvement in TSMIPL's scale of operations
in 1HFY23, driven by an increase in the yarn manufacturing capacity
to 45,000 spindles from 25,000 spindles and Ind-Ra's expectation of
the revenue to grow further in FY23.

Key Rating Drivers

In 1HFY23, TSMIPL booked revenue of INR842.9 million (1HFY22:
INR475.38 million) following an increase in the spinning capacity
to 45,000 spindles with the new spinning unit becoming fully
operational in 2QFY23. TSMIPL's scale of operations improved to
medium from small and Ind-Ra expects the revenue to improve further
in FY23. During FY22, the revenue grew to INR1,080 million (FY21:
INR630.58 million) due to increased demand for cotton yarn as
witnessed by an increase in the capacity utilization to 96% (85%)
and a 44% yoy increase in realizations of cotton yarn to 314 per
kg.

The ratings also factor in TSMIPL's modest EBITDA margins, which
ranged at 12%-13% over FY19-FY22, except FY21 (FY22: 12.72%, FY21:
20%, FY20: 12%).  The EBITDA margins had expanded in FY21 as the
company benefitted from inventory gains as it had four months of
cotton in stock, when the cotton prices began to rise in FY22 owing
to poor harvest. The return on capital employed was 8.9% in FY22
(FY21: 12.1%). The agency expects the margins to remain at similar
levels in FY23.

The ratings also reflect the company's moderate credit metrics as
indicated by the gross interest coverage (operating EBITDA/gross
interest expense) of 4.03x in FY22 (FY21: 4.15x) and the net
leverage (total adjusted net debt/operating EBITDA) of 5.61x
(3.22x). The deterioration in the credit metrics was due to an
increase in the total debt to INR795.68 million at FYE22 (FYE21:
INR410.41 million) to fund the ongoing capex. Ind-Ra expects the
credit metrics to deteriorate further in FY23 since the company
will incur a further capex of INR270 million during FY23 to
purchase additional machinery for the new and existing units. The
capex will be funded majorly through secured bank loans (80%) and
the remaining through unsecured loans and internal accruals. While
the bank funding has been tied up, no unsecured loans have been
brought in so far in FY23.

Liquidity Indicator - Stretched: The net working capital cycle
improved to 87 days in FY22 (FY21: 233 days) due to a decrease in
the inventory holding period to 103 days (195 days). The average
maximum utilization of the fund-based limits was 88.29% during the
12 months ended November 2022. The unencumbered cash and cash
equivalents was INR24.35 million at FYE22 (FYE21: INR1 million).
Furthermore, the company does not have any capital market exposure
and relies on banks and financial institutions to meet its funding
requirements. The cash flow from operations turned positive to
INR84.45 million in FY22 (FY21: negative INR24.39 million) due to
favorable working capital changes. TSMIPL has around INR126.9
million and INR134.6 million of scheduled debt repayments in FY23
and FY24, respectively, which would be serviced through internal
accruals. Ind-Ra expects the liquidity to remain stretched in FY23
owing to the high debt repayments.

However, the ratings are supported by the promoters' over a decade
of experience in the yarn industry, leading to established
relationships with customers and suppliers.

Rating Sensitivities

Positive: An increase in the scale of operations, along with an
improvement in the overall credit metrics with the net leverage
reducing below 3.5x while maintaining the liquidity position, all
on a sustained basis, could lead to a positive rating action.

Negative: A decline in the scale of operations, leading to
deterioration in the overall credit metrics and/or pressure on the
liquidity position, all on a sustained basis, could lead to a
negative rating action.

Company Profile

Incorporated in 1993, TSMIPL is located in Namakkal (Tamil Nadu)
with a manufacturing facility at Erode. The company has an
installed capacity of 45,000 spindles. TSMIPL products cotton yarn,
millage yarn and fancy yarn.


TIRUPATI COLD: CARE Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Tirupati
Cold Storage Private Limited (TCSPL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       4.00       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category  

   Short Term Bank      1.98       CARE A4; 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 28,
2021, placed the rating(s) of TCSPL under the 'issuer
non-cooperating' category as TCSPL 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. TCSPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated September 13, 2022, September
23, 2022, October 3, 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).

Tirupati Cold Storage Private Limited (TCSPL) was incorporated in
1978. The company is promoted by Mr. Sheo Prakash Bhatter. The
company provides cold storage services primarily for potatoes to
the farmers and traders on a rental basis. The cold storage unit of
the company is located at Rasulpur village of Bishnupur area of
Bardhaman District with a storage capacity of 19600 metric tons.
Besides providing cold storage facility the unit also works as a
mediator between the farmers and marketers of potato, to facilitate
sale of potatoes stored and it also provides interest bearing
advances to farmers for farming purpose against potatoes stored.
The day to day operations of the company are look after by Mr. Sheo
Prakash Bhatter (Director) and Mr. Santosh Bhatter (Director) who
both have experience around 35 years and 15 years respectively in
the similar line of business.

UNITED INFRAVENTURES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of United
Infraventures Limited (UIL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        9.05      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank       1.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated December 9,
2021, placed the rating(s) of UIL under the 'issuer
non-cooperating' category as UIL 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. UIL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated October 25, 2022, November 14, 2022, January 5,
2023.

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).

United Infraventures Limited (UIL) was incorporated on August 18,
2012 to take over the business of United Construction Company (UCC)
which is, since 1963, engaged in civil construction works mainly
involved in sewage pipeline laying & repairs, repairs of
structures, road construction & repairs etc. The company carters to
Municipal Corporation of Greater Mumbai (MCGM), with major
operations in Mumbai, Maharashtra.


URVESH PSYLLIUM: ICRA Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
ICRA has retained the rating for the bank facilities of Urvesh
Psyllium Industries Ltd. in the 'Issuer Not Cooperating' category.
The ratings are denoted as "[ICRA]B+(Stable)/ [ICRA]A4;ISSUER NOT
COOPERATING".

                      Amount
   Facilities      (INR crore)     Ratings
   ----------      -----------     -------
   Long Term-         11.40        [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                     COOPERATING; Rating continues
   Cash Credit                     to remain under 'Issuer Not
                                   Cooperating' category

   Short Term-         0.44        [ICRA]A4 ISSUER NOT
   Non Fund Based                  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 but despite repeated requests by ICRA, the entity's management
has remained non-cooperative. The current rating action has been
taken by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.

Urvesh Psyllium Industries Ltd. (UPIL) was established in 1949 as
Rajendra Brothers and subsequently in 1995 the firm was converted
into a limited company under its present name. UPIL is primarily
involved in the business of manufacturing psyllium husk and
psyllium husk powder from psyllium seeds at its manufacturing
facility located at Unjha-Sidhpur region of Gujarat and has an
output capacity of ~4000 MT of psyllium husk per annum. The company
is managed by Mr. Mayank Patel, Mr. Urvesh Patel and their family
members who are also associated with other psyllium processing
firms - Unjha Formulations Ltd, Mayank & Co, Urvesh & Co, Gangotri
Isabgul Industries, Rajratna Isabgul Industries, Dipak Industries
and Himalaya Cold Storage.



VIJAYKUMAR & CO: Ind-Ra Affirms BB Long Term Issuer Rating
----------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Vijaykumar & Co (VAC):

-- Long-Term Issuer Rating affirmed with IND BB/Stable rating;

-- INR50 mil. Fund-based working capital limit* assigned with IND

     BB/Stable/IND A4+ rating;

-- INR450 mil. Non-fund based working capital limit assigned with
     IND A4+ rating;

-- INR12.6 mil. Term loan due on November 2026 assigned with IND
     BB/Stable rating;

-- INR50 mil. Fund-based working capital limit* affirmed with
     IND BB/Stable/IND A4+ rating; and

-- INR300 mil. Non-fund based working capital limit affirmed with
     IND A4+ rating.

*Fund-based limit is a sublimit of non-fund-based limit.

Analytical Approach: Ind-Ra has taken a consolidated view of VAC,
Dalkan Shipbreaking Ltd ('IND BB'/Stable), and Paras Steel
Corporation ('IND BB'/Stable) jointly referred to as the Bhupatrai
Chimanlal group, while arriving at the ratings. This is in view of
the strong strategic and operational ties between the companies and
the common management.

Key Rating Drivers

The group has a medium scale of operations with consolidated
revenues rising to INR1,416 million in FY22 (FY21: INR1,077million,
FY20: INR1,121 million), mainly driven by higher sales of scrap, as
the company had purchased larger sized ships. The group's revenue
highly depends on the type of ships procured by the entities to
dismantle, leading to the absence of revenue visibility. Ind-Ra
expects the consolidated revenues for FY23 to remain in line with
FY22 or see a marginal decline, since the group had just one ship
to breakdown during 1HFY23.  

Liquidity Indicator - Stretched: The fund-based working capital
utilization of the group has been 35% for the 12 months ended
October 2022. The group utilizes its non-fund-based letter of
credit (LC) limits for purchasing ships. The tenure for the same
depends upon the size and tonnage of ships and ranges between
180-270 days. An upfront cash margin of 15% is retained at the time
of opening an LC. The group parks its surplus in fixed deposits.
This ensures gradual a build-up of reserve funds to meet the
sizeable LC payment obligations on maturity. As on 31 October 2022,
the group had no outstanding LC. The group's working capital cycle
improved to 181 days in FY22 (FY21: 222 days; FY20: 448 days), but
remained elongated, due to a decrease in the inventory days to 129
(183, 408). The group's payable period was 9 days in FY22 (FY21: 10
days; FY20: 7 days) and receivable days were 60 (50; 46). The group
has a total debt repayment of INR6.9 million for the years FY23 and
FY24, respectively. The group had cash and bank balances of INR108
million at FYE22, out of which INR105 million is lien marked
against LC (FYE21: INR89 million).

The ratings factor in the group's modest and volatile EBITDA
margins. The EBITDA margins declined to 2.5% in FY22 (FY21: 3.81%)
due to lower-than-average realization per unit from the ships
purchased for dismantling and higher average metal/scrap prices.
The return over capital employed stood at 3.5% in FY22 (FY21:
2.7%). The operating margins of the group fluctuated between 2%-6%
over FY19-FY22, reflecting the volatility in the prices of steel
scrap as well as the purchase price of ships.

The ratings reflect the group's modest credit metrics. The interest
coverage (operating EBITDA/gross interest) improved to 1.01x in
FY22 (FY21: 0.66x) mainly due to a reduction in interest cost INR36
million (INR41 million), while the net financial leverage (adjusted
net debt/operating EBITDA) deteriorated to 20.97x (17.32x) due to
an increase in the overall debt to INR854 million (INR799 million).
The agency, however, expects the company's credit metrics to remain
in the line with FY22 as the group's operating performance may
either remain stable or see a marginal decline.

The ratings factor in the favorable location of the ship-breaking
yard and over 30 years of promoter's experience in the ship
breaking industry. The Bhupatrai Chimanlal group's ship-breaking
yard is located in the Alang-Sosiya belt in Gujarat, which is one
of the world's largest ship-breaking clusters and constitutes
almost 90% of India's ship-breaking activity.

Standalone Performance:  On a standalone basis, VAC's revenue was
INR498 million in FY22 (FY21: INR387 million), while its operating
margins were 14% (2%), with the interest coverage at 1.14x (0.11x)
and the net leverage at 34.66x (145x).

Rating Sensitivities

Positive: An improvement in the consolidated scale of operations
and the liquidity position, leading to the consolidated interest
coverage exceeding 1.3x, on a sustained basis, will be positive for
the ratings.

Negative: A deterioration in the consolidated scale of operations
and liquidity position, leading to a deterioration of the
consolidated credit metrics, on a sustained basis, would be
negative for the ratings.

Company Profile

VAC was established in 1994 as a proprietorship concern to carry
out ship recycling activities, which was subsequently converted
into a partnership firm. The firm operates from the Alang Ship
Breaking Yard in Bhavnagar, Gujarat.


VK WAREHOUSING: CARE Keeps C Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of VK
Warehousing Enterprises (VWE) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      34.90       CARE C; 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 December 1,
2021, placed the rating(s) of VWE under the 'issuer
non-cooperating' category as VWE 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. VWE
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated October 17, 2022, October 27, 2022, November 6,
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).

Hyderabad based, VK Warehousing Enterprises (VWE) was established
as a partnership firm in January 2013 by Mrs. Kalpana Prasad and
Mrs. Sarala Devi. Mr. Vamsidhar Maddipatla, the managing director
of OSR Infra Private Limited (associate concern) is the chief
executive of VWE and handles the overall operations of the firm.
The firm is engaged in providing ware house on lease rental to
Uttar Pradesh State Warehousing Corporation (UPSWC) and other local
traders. Mr. Vamsidhar Maddipatla and family runs seven other
entities namely OSR Infra Private Limited, OSR MP Warehousing
Enterprises, OSR UP Warehousing Enterprises, Annapurna Saraswathi
Warehousing Enterprises, Annapurna Kalpana Warehousing Enterprises
and KPM Warehousing Enterprises which is in the same line of
business and have operational linkages. The property of VWE,
located at various districts of Uttar Pradesh, which is built on a
total land area of 1344,087 square feet comprises of 18 godowns,
with an aggregate storage capacity of 102,000 MT (Metric Tons) for
agricultural products and consumer goods. The total project cost
for the construction of 18 godowns was INR 51.21 crore which was
funded through bank term loan of INR 34.87 crore and promoters fund
of INR 16.34 crore. The firm started the project work in May 2015
and is expecting to start the commercial operations from December
2018. As on September 19, 2018, the firm has incurred the entire
cost i.e the project has been completed 100%.




=====================
N E W   Z E A L A N D
=====================

CANTERBURY PROPERTY: Court to Hear Wind-Up Petition on Feb. 23
--------------------------------------------------------------
A petition to wind up the operations of Canterbury Property
Services Limited will be heard before the High Court at
Christchurch on Feb. 23, 2023, at 10:00 a.m.

Keith Holmes filed the petition against the company on Dec. 9,
2022.

The Petitioner's solicitor is:

          Shane David Campbell
          Wynn Williams, Lawyers
          Level 5, Wynn Williams House
          47 Hereford Street
          Christchurch 8013


LIVEST LIMITED: Creditors' Proofs of Debt Due on Jan. 18
--------------------------------------------------------
Creditors of Livest Limited and Peakon NZ Limited are required to
file their proofs of debt by Jan. 18, 2023, to be included in the
company's dividend distribution.

The companies commenced wind-up proceedings on Dec. 16, 2022.

The companies' liquidator is:

          Stephen Douglas Young
          RSM New Zealand (Auckland)
          PO Box 204276
          Highbrook
          Auckland 2161



MADDEN CHIROPRACTIC: Creditors' Proofs of Debt Due on Feb. 13
-------------------------------------------------------------
Creditors of Madden Chiropractic Limited and The Ex QW Limited are
required to file their proofs of debt by Feb. 13, 2023, to be
included in the company's dividend distribution.

Madden Chiropractic Limited commenced wind-up proceedings on Jan.
7, 2023.

The Ex QW Limited commenced wind-up proceedings on Jan. 11, 2023.

The companies' liquidators are:

          Iain Bruce Shephard
          Jessica Jane Kellow
          BDO Wellington, Business Restructuring
          Level 1, 50 Customhouse Quay
          Wellington 6011


MALCOLM OFFICER: Court to Hear Wind-Up Petition on Feb. 9
---------------------------------------------------------
A petition to wind up the operations of Malcolm Officer Sheetmetal
Limited will be heard before the High Court at Invercargill on Feb.
9, 2023, at 11:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on Aug. 31, 2022.

The Petitioner's solicitor is:

          Gabrielle McGillivray
          Inland Revenue, Legal Services
          PO Box 1782
          Christchurch 8140


MELBOURNE LIMITED: Creditors' Proofs of Debt Due on Feb. 22
-----------------------------------------------------------
Creditors of Melbourne Limited are required to file their proofs of
debt by Feb. 22, 2023, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Jan. 11, 2023.

The company's liquidators are:

          Lynda Smart
          Geoff Brown
          Rodgers Reidy
          PO Box 39090
          Harewood
          Christchurch 8545


WE ARE BAMBOO: Alleged Conduct 'Concerning', Watchdog Says
----------------------------------------------------------
Melissa Nightingale at NZ Herald reports that a consumer watchdog
said it's "concerned" about complaints against a Kiwi-based travel
company that recently announced it was folding and wouldn't be
returning what is believed to be millions of dollars owed to
customers.

In a letter to liquidators, Commerce Commission senior investigator
of the Fair Trading Branch Roy Matthan said the commission reserved
its right to investigate the company, We Are Bamboo, and "remains
concerned" about allegations made by furious customers, the Herald
relates.

If the claims are proven, the company and its director, Colin
Salisbury, could face multiple breaches of the Fair Trading Act
1986, Mr. Matthan said.

According to the Herald, hundreds of customers have been left
thousands of dollars out of pocket after the company announced its
closure in October.

We Are Bamboo was an ethical travel company offering tours that
included volunteer work for travellers who wanted to give back to
the communities they were visiting. Most of its customers were from
the US, UK, Canada, and Australia and tours were held outside of
New Zealand.

"We signed up for these because we wanted to make a difference in
the world and they took that away from us," affected customer
Sheryl Yesucevitz told the Herald.

A Facebook group set up for people who had lost money in the
company's closure has about 1,400 members, many of whom had
travelled with Bamboo before.

At the end of October, Bamboo posted a statement to their website
and emailed some customers announcing their closure, citing Covid
pressures but also laying part of the blame at the feet of a group
of customers, the Herald relays.

"There is a small group of individuals who were not prepared to
wait [for delayed trips], and their actions and online influence
have broken us, which impacts us all," the statement said.

"Our intentions here are not to play the victim but simply share
with you the levels to which this group has gone to ensure our
downfall, and made it their sole purpose to attack us, our
families, our staff, and our customers with the intent to destroy
Bamboo.

"Through tears, the Bamboo dream is over but will live forever, in
our broken hearts."

When asked by some customers whether they would be refunded the
thousands of dollars already paid for holidays, the company told
them over email they would not be receiving refunds, invoking the
"force majeure" section of its terms and conditions, the Herald
relates.

According to the Herald, liquidator BDO Wellington's first report
estimated the company owes at least NZD2.5 million to individuals.

The report said the company had just NZD116,264 in the bank
available for creditors, and NZD28,275 as related party loans.

As part of the liquidation, the Commerce Commission asked BDO to
provide a summary of the complaints received about the company.

"As you are aware, the Commerce Commission has recently opened an
investigation into the conduct of WEAREBAMBOO Limited . . .
however, as WAB is now currently going through the liquidation
process, the commission considers it is appropriate to suspend its
investigation into the matter," Mr. Matthan wrote in the letter,
released to the Herald under the Official Information Act.

From June to mid-December, the commission received 240 complaints
about the company, he said.

"Some complainants expressed concerns that . . . the activities of
the 'directors' on social media reflected a lifestyle that appeared
incongruous with the company's alleged financial situation."

Complaints also included issues around travel insurance purchased
through We Are Bamboo, which appeared to not exist, and the fact
Bamboo was promoting tours and seeking payments up to and including
October, the Herald discloses.

"Complainants allege that WAB would have known they would not be
able to supply the tours."

They allege Bamboo accepted payments for travel packages with no
intention to supply them, incorrectly applied the force majeure
clause to avoid giving refunds, and accepted payments for insurance
cover without actually arranging the cover.

"The allegations have not been investigated or proven, and only the
courts can decide if there has been a breach of the Act," Mr.
Matthan said.

But if the allegations were substantiated the commission believed
it could constitute a breach of multiple sections of the Fair
Trading Act, including sections prohibiting "unconscionable
conduct", "misleading and deceptive conduct", and demanding or
accepting payment for services without intent to supply them, or
without having reasonable grounds to believe they would be able to
supply them.

A police spokeswoman also confirmed police had received more than
40 complaints about the company and have asked complainants to
report to their local police to make formal statements, the Herald
notes.


WHITELABEL NZ: Goes Into Liquidation
------------------------------------
TechDay reports that WhiteLabel NZ has gone into liquidation.

TechDay says the story of WhiteLabel NZ is one that has seemingly
changed rather abruptly.

Founded and run by channel veteran John Booth since January 2021,
WhiteLabel NZ operated as an outsourced sales & marketing company
that employed business development managers (BDMs) across NZ. These
BDM's represented many prominent multinational IT vendors and
distributors.

The WhiteLabel business model was simple, the report says. For
monthly NZD3,000 payments, WhiteLabel would market a vendor or
distributor's solutions and generate ten customer meetings per
month. Then, a commission would be collected on the actual booked
sale if one occurred from the meetings. This service included a
bunch of solutions from graphic design to feet-on-the-ground sales
meetings to channel partners across IT.

However, over the last year, several controversies arose, TechDay
relates. The company went through large staff turnovers due to pay
disputes, with ex or current employees sometimes being owed over
NZD100,000.

Additionally, a crowd-funding campaign ran through the PledgeMe
platform by WhiteLabel in mid-November aimed to raise between
NZD180,000 and NZD2 Million to help grow the company (According to
the accompanying information prospectus), the report notes.
However, the campaign failed to meet its funding goal as of
December 1, and most of the funders were friends and family of the
founder Mr. Booth.

According to the report, the Information Prospectus released with
this campaign made several claims as to the success of WhiteLabel.
With an estimated evaluation of NZD20 Million that Equidam
completed and a declaration that the company was growing in value
at an average of NZD360,000 a month, it seemed to be in a
prosperous position.

TechDay relates that the Prospectus also laid out the company's
timeline, including a future plan to expand the company into the
Canadian market in November-December 2022.

Speculation of the company going into liquidation following
unconfirmed emails to employees and customers began to grow, and
information received by TechDay from a source who wished to remain
anonymous claimed that WhiteLabel and Mr. Booth were not performing
or operating as smoothly as the Information Prospectus claimed.

Documents found by TechDay now show that as of Dec. 14, 2022, the
company has gone into liquidation, and any trace of the company,
including Mr. Booth, has begun to disappear, including their
website and Mr. Booth's public profiles.

This news is following correspondence received by TechDay from
Mr. Booth on the status of WhiteLabel NZ, where he claimed that
WhiteLabel was struggling to receive payments from their accounts
across New Zealand. However, he did claim that his two spin-off
businesses, WhiteLabel Consulting and Vendorlabel, were performing
well.

In the space of a month following the release of WhiteLabel's
fundraising campaign, the company has gone into liquidation, adds
TechDay.




=====================
P H I L I P P I N E S
=====================

RURAL BANK OF SAN AGUSTIN: Placed Under PDIC Receivership
---------------------------------------------------------
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)
prohibited Rural Bank of San Agustin (Isabela), Inc. from doing
business in the Philippines through MB Resolution No. 3.A dated
Jan. 5, 2023 which also directed the Philippine Deposit Insurance
Corporation (PDIC), as Receiver, to proceed with the takeover and
liquidation of the bank.

The PDIC took over the bank on Jan. 6, 2023.

Rural Bank of San Agustin (Isabela), Inc. is a two-unit rural bank
with Head Office located at RB Building, Vallejo St., Barangay I
(Pob.), Jones, Isabela. Its lone branch is located in San Agustin,
Isabela. Latest available records show that as of March 31, 2022,
Rural Bank of San Agustin (Isabela), Inc. has 6,283 deposit
accounts with total deposit liabilities of PHP339.4 million, of
which 68.8% or PHP233.5 million are insured deposits.

The PDIC assured depositors that all valid deposits and claims will
be paid up to the maximum deposit insurance coverage of
PHP500,000.00 per depositor.

Individual account holders of valid deposits with balances of
PHP100,000.00 and below, who have no outstanding obligations or
have not acted as co-makers of obligations with Rural Bank of San
Agustin (Isabela), Inc. are not required to file deposit insurance
claims. These individual depositors must ensure that they have
complete and updated addresses with the bank. Depositors may update
their addresses by submitting a Mailing Address Update Form (MAUF)
until January 19, 2023 either through the drop box available at the
bank premises, or by sending a scanned copy of said Form and valid
ID to email address, agustin-pad@pdic.gov.ph. MAUF will be made
available at the bank premises or may be downloaded from the PDIC
website at www.pdic.gov.ph. Insurance payments for valid deposits
with balances of PHP100,000.00 and below will be made through
postal money order and targeted to be sent via mail starting on
Feb. 1, 2023.

For business entities and all other depositors, filing of claims
for insured deposit is targeted to start by February 9, 2023.
Borrowers are likewise reminded to continue paying their loan
obligations with the closed Rural Bank of San Agustin (Isabela),
Inc. and to transact only with designated PDIC representatives.




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

FEARLESS LEGENDS: Court to Hear Wind-Up Petition on Jan. 27
-----------------------------------------------------------
A petition to wind up the operations of Fearless Legends Pte Ltd
will be heard before the High Court of Singapore on Jan. 27, 2023,
at 10:00 a.m.

Onex LLC filed the petition against the company on Jan. 4, 2022.

The Petitioner's solicitors are:

          CTLC Law Corporation
          No. 3 Raffles Place
          #06-01 Bharat Building
          Singapore 048617


INFINITY HAIRWORKS: Court Enters Wind-Up Order
----------------------------------------------
The High Court of Singapore entered an order on Jan. 6, 2023, to
wind up the operations of Infinity Hairworks Pte. Ltd.

Milano Central Pte. Ltd. filed the petition against the company.

The company's liquidators are:

          Don Ho Mun-Tuke
          Ho Chjuen Meng
          David Donald
          DHA+ PAC
          63 Market Street
          #05-01A Bank of Singapore Centre
          Singapore 048942


KHENG HOCK: Commences Wind-Up Proceedings
-----------------------------------------
Members of Kheng Hock Hardware & Machinery (Pte) Ltd on Jan. 5,
2023, passed a resolution to voluntarily wind up the company's
operations.

The company's liquidator is:

          Ng Hoe Kiat Keith
          c/o 7500A Beach Road
          #05-303/304 The Plaza
          Singapore 199591


M & E GROUP: Final Creditors' Meeting Set for Feb. 15
-----------------------------------------------------
Members and creditors of M & E Group Pte Ltd will hold their final
meeting on Feb. 15, 2023, at 4:00 p.m., via electronic means.

At the meeting, Ng Hoe Kiat Keith, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.



MINERVA VERITAS: Creditors' Proofs of Debt Due on Feb. 13
---------------------------------------------------------
Creditors of Minerva Veritas Capital Partners Pte. Ltd. are
required to file their proofs of debt by Feb. 13, 2023, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Jan. 10, 2023.

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




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

HUOBI GLOBAL: Unit to Break Off from Parent Amid Insolvency Rumors
------------------------------------------------------------------
Coinspeaker reports that crypto exchange Huobi Korea is reportedly
gearing up to part ways with its parent company Huobi Global.
According to News1, Huobi Korea will also seek to change its name
as part of the separation process, the report relates.

For what it's worth, Huobi Korea appears to be making such quick
plans in the wake of uncertainties about Huobi Global that arose in
the end of 2022, Coinspeaker says. In November, the parent company
published a proof-of-reserves that immediately raised concerns. Of
its over $3 billion worth of reserves, its self-issued Huobi Token
(HT) makes up a whopping 43.3%.

By January, rumors also broke about the crypto giant planning to
terminate the employment of 20% of its staff. That was within the
same week that the exchange was also reported to have seen a net
outflow of nearly $61 million within just 24 hours, Coinspeaker
relates.

Not a bit impressed by the situation, Huobi Korea now hopes to go
on its own way. This means that if all goes as planned, the
Korean-based entity will take up a new name, and henceforth, cease
to operate as a branch of Huobi Global, according to the report.

Currently, Huobi Global cofounder Leon Li owns the largest shares
in Huobi Korea - a whopping 72%. However, Huobi Korea is already
intensifying efforts to purchase the shares to see that ownership
is transferred to Huobi Korea's head, Cho Kook-bong.

Meanwhile, the parent company continues to debunk the reports of a
looming danger, including the planned layoffs, Coinspeaker says.
The exchange also continues to put in efforts to maintain
investors' confidence in it.

To this end, Tron founder, Justin Sun, who was also recently
appointed as an advisor to the exchange, has stepped in to save the
day, Coinspeaker relates. According to a blockchain research firm
Nansen, Justin Sun recently transferred $100 million worth of
stablecoins from Binance to Huobi. And from all indications, the
transfer would hope to achieve two things. Firstly, to help with
the increased demand for withdrawals, especially following the
massive net outflow that just occurred. The other is to send a
signal to investors that Huobi remains as stable as ever.




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

[*] BOND PRICING: For the Week Jan. 9, 2023 to Jan. 13, 2023
------------------------------------------------------------
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
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

TCR-AP subscription rate is US$775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each.  For subscription information, contact
Peter Chapman at 215-945-7000.



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