/raid1/www/Hosts/bankrupt/TCRAP_Public/230815.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
A S I A P A C I F I C
Tuesday, August 15, 2023, Vol. 26, No. 163
Headlines
A U S T R A L I A
ABBEY INTERNATIONAL: Court Enters Wind-Up Order
AURORA METALS: Grant Thornton to Accept Bids for Assets
BAR NO. 5: First Creditors' Meeting Set for Aug. 18
HENDRY GROUP: First Creditors' Meeting Set for Aug. 18
READYFAB PTY: Second Creditors' Meeting Set for Aug. 22
RESCON BUILDERS: Worrells Appointed as Liquidators
VERVE PORTRAITS: First Creditors' Meeting Set for Aug. 18
WANDIG PTY: First Creditors' Meeting Set for Aug. 21
[*] AUSTRALIA: Many Businesses Could Collapse as ATO Pursues Debts
C H I N A
COUNTRY GARDEN: Seeks to Extend Maturing Bond in First for Firm
E-HOUSE (CHINA): Restructuring Gets Support From Scheme Creditors
FANTASIA HOLDINGS: Posts Annual Losses in 2021 & 2022
R&F PROPERTIES: Ordered to Repay CNY1.2 Billion Debt
YUNNAN HONGHE: Denies Service Halt, Admits Annual Funding Gap
I N D I A
ARROW ENTERPRISE: Voluntary Liquidation Process Case Summary
BALAJI HI TECH: ICRA Withdraws B+ Rating on INR8cr Cash Credit
BALBIR FOOD: ICRA Keeps B Debt Ratings in Not Cooperating
BHAGAT JEE: CARE Keeps D Debt Ratings in Not Cooperating Category
BHAVANI ENTERPRISES: CARE Keeps D Debt Rating in Not Cooperating
BRIJ GOPAL: Insolvency Resolution Process Case Summary
BUDS TEA: CARE Keeps D Debt Ratings in Not Cooperating Category
CAFE COFFEE: NCLAT Stays Insolvency Case, Hearing Set for September
CHAK RADER: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
CHHATRAPATI SAMBHAJI: Ind-Ra Moves BB- Rating to Non-Cooperating
CHOUDHARY FASHIONS: Ind-Ra Affirms BB+ Rating, Outlook Stable
DULLAT RESORT: CARE Keeps D Debt Ratings in Not Cooperating
DYNAMIC HATCHERIES: Liquidation Process Case Summary
GMR KAMALANGA: ICRA Withdraws D Rating on INR3,405cr Term Loan
HARIDWAR HIGHWAYS: CARE Keeps D Debt Rating in Not Cooperating
INDIAN INFRABUILT: CARE Keeps C Debt Ratings in Not Cooperating
IRIS HEALTH: CARE Keeps D Debt Ratings in Not Cooperating Category
JAYAVELU SPINNING: Ind-Ra Affirms BB+ LongTerm Issuer Rating
K.M M. FOODS: CARE Keeps D Debt Rating in Not Cooperating
KALPESH CORPORATION: ICRA Keeps B+ Ratings in Not Cooperating
KAMA METALS: CARE Keeps D Debt Rating in Not Cooperating
KAPEESHWAR SUGAR: Ind-Ra Assigns BB Term Loan Rating
KGP SILK: CARE Keeps C Debt Rating in Not Cooperating Category
KN HIGHWAYS: Ind-Ra Cuts Term Loan Rating to 'B+'
KNOWLEDGE EDUCATION: CARE Keeps D Debt Rating in Not Cooperating
MANIPAL ENERGY: Ind-Ra Moves BB+ Issuer Rating to NonCooperating
MANIPAL MEDIA: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
MANJEERA RETAIL HOLDINGS: Insolvency Resolution Process Case Summar
MATRIX AGRO: CARE Keeps D Debt Rating in Not Cooperating
ND S ART: Insolvency Resolution Process Case Summary
NUPOWER RENEWABLES: CARE Cuts Rating on INR145.30cr LT Loan to D
NUTRIFRESH FARM: Ind-Ra Moves BB Issuer Rating to Non-Cooperating
OM COTTEX: CARE Keeps D Debt Rating in Not Cooperating Category
OM SHIVASHAKTHI: CARE Keeps C Debt Rating in Not Cooperating
PANCHAMI ELECTRONICS: CARE Keeps C Debt Rating in Not Cooperating
PRERNA STRIPS: CARE Keeps C Debt Rating in Not Cooperating
QUIPPO OIL: CARE Moves C Debt Ratings to Not Cooperating Category
RAJASTHAN SYNTEX: CARE Keeps D Debt Ratings in Not Cooperating
RAM COTTEX: Ind-Ra Cuts LongTerm Issuer Rating to 'D'
RBBR INFRASTRUCTURE: CARE Cuts Ratings on INR11.25cr Loan to D
RBR GARMENTS: Ind-Ra Keeps B LT Issuer Rating in Non-Cooperating
SAMPAT ALUMINIUM: CARE Keeps D Debt Rating in Not Cooperating
SAMRAT GEMS: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating
SARDAR COTTON: CARE Keeps D Debt Rating in Not Cooperating
SETCO AUTO: ICRA Reaffirms B- Rating on INR350cr NCD
SHIVALIK VYAPAAR: CARE Keeps C Debt Rating in Not Cooperating
SPARSH INFRATECH: Ind-Ra Hikes Bank Loan Rating to 'BB+'
SPLEN MICA: CARE Keeps D Debt Rating in Not Cooperating Category
SS INFRAZONE: Ind-Ra Moves D Issuer Rating to Non-Cooperating
TELELOGIX: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating
THALAIVAR STEELS: CARE Keeps D Debt Ratings in Not Cooperating
TOPKNIT PROCESSING MILL: Liquidation Process Case Summary
TUBE TURN: CARE Lowers Rating on INR10cr ST Loan to D
UNITRIVENI OVERSEAS: CARE Keeps D Debt Ratings in Not Cooperating
WEWORK COS: Bankruptcy Warning No Impact on India Unit
YASHODHAN HIGHWAYS: Ind-Ra Cuts Term Loan Rating to 'BB-'
N E W Z E A L A N D
AUCKLAND MEMBRANE: Court to Hear Wind-Up Petition on Aug. 18
CLARKIN GOAT: Creditors' Proofs of Debt Due on Sept. 4
JOY INVESTMENTS: Court to Hear Wind-Up Petition on Aug. 29
KERIKERINORTH LIMITED: Creditors' Proofs of Debt Due on Sept. 8
TEJ ENTERPRISES: Creditors' Proofs of Debt Due on Sept. 12
S I N G A P O R E
CENTRAL STAR: Commences Wind-Up Proceedings
ELITE LOGISTICS: Creditors' Proofs of Debt Due on Sept. 11
HAUS LIFESTYLE: Creditors' Meetings Set for Aug. 25
HENGLI OILCHEM: Creditors' Proofs of Debt Due on Sept. 13
T H A I L A N D
RISLAND (THAILAND): Fitch Cuts Gtd. Debentures Rating to 'B-(tha)'
X X X X X X X X
[*] BOND PRICING: For the Week Aug. 7, 2023 to Aug. 11, 2023
- - - - -
=================
A U S T R A L I A
=================
ABBEY INTERNATIONAL: Court Enters Wind-Up Order
-----------------------------------------------
The High Court of Singapore entered an order on Aug. 4, 2023, to
wind up the operations of Abbey International Pte. Ltd.
Kataman Metals LLC filed the petition against the company.
The company's liquidators are:
Lau Chin Huat
Yeo Boon Keong
c/o Technic Inter-Asia Pte Ltd
50 Havelock Road #02-767
Singapore 160050
AURORA METALS: Grant Thornton to Accept Bids for Assets
-------------------------------------------------------
Australian Financial Review's Street Talk reports that Grant
Thornton's dealmakers were busy mailing out preliminary sale
documents for the collapsed North Queensland base metals miners
Aurora Metals over the weekend, which once belonged to the
now-defunct AUD1.3 billion listed miner Kagara.
A five-page teaser seen by Street Talk said the receivers were open
to receiving bids for Aurora's zinc, copper, lead, gold and tin
projects - and accompanying processing plants and other mining
infrastructure – in any combinations the suitors would like.
However, they made it clear 100 per cent cash offers would have an
upper hand over other deal structures including a deed of company
arrangement.
According to the report, Aurora's primary operational assets
include its Mungana underground zinc mine and King Vol zinc mine,
which are running in care and maintenance mode. Situated about 200
kilometres from Cairns in a rural town called Chillagoe, the mines
come with a 600,000 tonnes-a-year processing plant at Mungana.
Aurora's other assets include Mt Garnet mine sites and an
associated processing plant with 500,000 tonnes annual capacity.
Street Talk says the sell-side pitch talked up Aurora's producing
(but halted) mines in Chillagoe and Mt Garnet, their 1.1 million
tonnes of combined annual processing capacity, and future upside
from current exploration licences.
The latter, according to the flyer, includes additional ore sources
at Chillagoe that could extend the projects' life to late 2020s or
early 2030s, and potential gold deposits, dubbed Red Dome near the
Mungana plant. Lastly there's the Einasleigh copper, zinc and lead
deposits, which would require the new owner to build processing
capabilities, Street Talk relates.
Aurora Metals tried divesting assets late last year, but finally
ran out of steam as the 2023 financial year drew to a close, Street
Talk recalls. It was running behind on wages and insurance, and has
almost no cash or trade receivables on its books. Its sites had
almost no diesel, electricity or food supplies, according to a
latter creditors' report.
Its mining contractor, the ASX-listed Emeco, via its subsidiary Pit
N Portal Mining Services Pty Ltd, contacted Korda Mentha, which
came in as voluntary administrator on June 30, Street Talk notes.
Grant Thornton were appointed as receivers and managers by a
secured lender, Mt Garnet Finance, on July 3.
According to Street Talk, the unlisted public company's secured
debts include AUD34.7 million owed to Mt Garnet Finance, and
AUD188.2 million owed to China Railway Materials (Australia) Pty
Ltd which has Corrs Chambers Westgarth. Pit N Portal is an
unsecured lender and is owed AUD13.74 million.
Grant Thornton has been running early outreach on the Aurora assets
for the past fortnight, Street Talk says. Non-binding indicative
offers are due August 21, which would be followed by a three-week
limited due diligence period for shortlisted suitors. Final bids
are set to be called on September 11.
Street Talk adds that the flyer said the receiver would view 100
per cent cash offers with minimal conditions "more favourably" than
other arrangements. Prospective bidders were told their non-binding
indicative offers should clarify how their bid value is allocated
against the assets, their deal proposed structure, due diligence
requirements and their financial capacity.
BAR NO. 5: First Creditors' Meeting Set for Aug. 18
---------------------------------------------------
A first meeting of the creditors in the proceedings of Bar No. 5
Pty. Ltd. will be held on Aug. 18, 2023, at 2:00 p.m. via Zoom
videoconference.
Antony Resnick and Suelen McCallum of dVT Group were appointed as
administrators of the company on Aug. 8, 2023.
HENDRY GROUP: First Creditors' Meeting Set for Aug. 18
------------------------------------------------------
A first meeting of the creditors in the proceedings of Hendry Group
Pty Ltd will be held on Aug. 18, 2023, at 4:00 p.m. via virtual
meeting technology.
Robert Smith and Matthew Hutton of McGrathnicol were appointed as
administrators of the company on Aug. 9, 2023.
READYFAB PTY: Second Creditors' Meeting Set for Aug. 22
-------------------------------------------------------
A second meeting of creditors in the proceedings of Readyfab Pty
Ltd has been set for Aug. 22, 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 Aug. 21, 2023 at 5:00 p.m.
Bill Karageozis of Mcleods Accounting was appointed as
administrator of the company on July 17, 2023.
RESCON BUILDERS: Worrells Appointed as Liquidators
--------------------------------------------------
Rescon Builders Pty Ltd appointed Christopher Darin of Worrells as
administrator on June 30, 2023 and subsequently Liquidator on
August 4, 2023, when the creditors voted against a proposal for
Deed of Company arrangement and the company was placed into
liquidation.
Rescon Builders Pty Ltd previously operated a granny flat
construction business which commenced in 2012 in New South Wales
under its trading name of Rescon Granny Flats.
Rescon Builders Pty Ltd operations ceased in June 2023, with
approximately eight full-time employees terminated prior to
Christopher Darin's appointment as administrator.
The director advised that the company experienced financial
difficulties due to COVID-19 pandemic and the severe extreme
weather events in NSW in the same period. The financial
difficulties were further compounded by the increased costs in
construction industry. Following an unsuccessful attempt to
downsize the business, the Director decided that the business was
no longer viable to continue trading.
Worrells advises that more than 50 customers have been severely
impacted by the Rescon's liquidation and have contacted Worrells to
lodge a claim and seek documentation relating to their project.
At present, claims against the Rescon total in excess of AUD3.9
million with realisable assets of less than AUD100,000.
Worrells is also urging former employees who are owed entitlements
to submit their claims for outstanding entitlements via
www.worrells.net.au.
"If insufficient funds are recovered in the liquidation, the
government's Fair Entitlement Guarantee (FEG) Scheme may assist
employees with certain outstanding entitlements. Worrells advises
that in that scenario, the team at Worrells will assist to
calculate and verify their entitlements," Worrells said.
Creditors and stakeholders with information that may assist the
liquidator's investigations are asked to email
jessie.low@worrells.net.au.
Mr. Darin said, "My team and I will be reporting to creditors in
due course as to any actions available to the liquidator that may
yield a return to creditors."
Worrells advises it will continue to give updates as they become
available.
VERVE PORTRAITS: First Creditors' Meeting Set for Aug. 18
---------------------------------------------------------
A first meeting of the creditors in the proceedings of Verve
Portraits Pty Ltd will be held on Aug. 18, 2023, at 11:00 a.m. at
the offices of Cor Cordis, Level 29, 360 Collins Street in
Melbourne and virtually by electronic facilities.
Glenn John Spooner and Barry Wight of Cor Cordis were appointed as
administrators of the company on Aug. 8, 2023.
WANDIG PTY: First Creditors' Meeting Set for Aug. 21
----------------------------------------------------
A first meeting of the creditors in the proceedings of Wandig Pty.
Limited will be held on Aug. 21, 2023, at 11:00 a.m. at Level 9,
120 Edward St, in Brisbane and via virtual meeting.
Christopher John Baskerville of Jirsch Sutherland was appointed as
administrator of the company on Aug. 8, 2023.
[*] AUSTRALIA: Many Businesses Could Collapse as ATO Pursues Debts
------------------------------------------------------------------
News.com.au reports that many businesses are scrambling to keep
debt collectors at bay, as the ATO begins chasing down money owed
following the pandemic.
The ATO and other creditors currently pose the greatest 'threat' to
cash-strapped small and medium-sized businesses, said Insolvency
Australia, which has just released its latest Corporate Insolvency
Index, news.com.au relates.
According to news.com.au, the annual Corporate Insolvency Index
revealed there was a 57 per cent increase nationally in the total
administration appointments made to help businesses dig themselves
out of a financial hole in Q4 of the 2022-23 financial year.
The report, which is produced by Insolvency Australia and sponsored
by G & H Financial, found there 3,008 businesses had been appointed
an administrator compared with the previous corresponding period,
which saw only 1,921 were assigned, news.com.au discloses.
According to news.com.au, Insolvency Australia member and Partner
at PKF, Petr Vrsecky said many businesses across Australia are at
risk of falling into legacy debt problems.
"They are either in the form of so called ‘zombie' companies that
have ceased to operate but not addressed their winding up,"
news.com.au quotes Mr. Vrsecky as saying.
"Then there are others that are still operating and trying to make
ends meet but struggling to get on top of their finances."
He added that more directors will also be forced to "face the
music" if companies are unable to pay their debts, with the ATO
having the ability to issue director penalty notices to claim the
unpaid amount owing.
News.com.au relates that Mr. Vrsecky said the pandemic measures
enforced by the federal and state governments meant many businesses
became reliant on financial support to become stable during a
difficult time.
"Through the pandemic there was so much support in various forms
that it became a bit of an addiction to sugar," he said.
"That is, the Job-keeper payments and inability for creditors to
pursue debt collection allowed some organisations to get through
without necessarily pivoting or making the necessary changes or
improvements to come out the other side ready for the new
challenges.
"Hence the legacy debt."
NSW saw the highest amount of collapsed businesses in the 2022-23
financial year, 1,169 corporate insolvencies, news.com.au
discloses.
Meanwhile, Tasmania recorded the greatest percentage increase to
133 per cent, after 21 businesses folded compared to the nine
collapsing in the previous financial year.
There were 889 businesses which collapsed in Victoria, while
Queensland saw 539 businesses go insolvent in 2022-23.
South Australia saw 111 businesses go insolvent, while only 54
collapsed in the ACT
The number of insolvencies in the Northern Territory remained
unchanged from the previous year, with 10 businesses going bust.
News.com.au adds that Insolvency Australia Director Gareth Gammon
said many other business could be facing insolvency in the coming
months, as the ATO continues to its bid to recover any and all
debts owed.
"It's been a tough year, with a significant increase in winding-up
applications and ATO-initiated court recovery, particularly over
the past quarter," news.com.au quotes Mr. Gammon as saying.
"Over the past year, there's been plenty of discussion in the
sector about the incoming insolvency wave.
"It started with a trickle and it's now become more of a surge as
economic pressures and the ATO's debt collection activities combine
to create the perfect storm.
"Beyond this last quarter, we're now seeing an increase in court
wind-ups by the big four banks, which means the next few months
could well be equally challenging."
Mr. Vrsecky said the ongoing impacts of the pandemic will last at
least another 12 months for many businesses, news.com.au relays.
=========
C H I N A
=========
COUNTRY GARDEN: Seeks to Extend Maturing Bond in First for Firm
---------------------------------------------------------------
Bloomberg News reports that Country Garden Holdings Co. is seeking
to extend a maturing bond for the first time, in a sign of
increasing urgency amid a worsening cash crunch that's exacerbating
the country's broader property debt crisis.
The builder is soliciting some bondholders' feedback on a proposal
to extend payment of a yuan note due Sept. 2 with amortized
disbursements over 36 months, people familiar with the matter said,
asking not to be identified discussing a private matter, Bloomberg
relays. The bond has CNY3.9 billion (US$537 million) of principal
outstanding, according to data compiled by Bloomberg.
According to Bloomberg, the news comes after other people said last
week that Country Garden was considering extending some
soon-to-mature securities. Some representatives of bank China
International Capital Corp. told some noteholders that its
bond-underwriting team had been engaged to explore options for
yuan-note maturities, they said.
Bloomberg relates that the builder is considering an offer to
extend repayment of the note through seven payments, with the
following schedule, according to the people Aug. 14:
* October through December 2023: 2% of principal each month
* September 2024: 10%
* September 2025: 15%
* March 2026: 25%
* September 2026: 44%
About Country Garden
Country Garden Holdings Company Limited is an investment holding
company principally engaged in the sales of properties. The Company
operates its business through five segments: Property Development
segment, Construction Fitting and Decoration segment, Property
Investment segment, Property Management segment and Hotel Operation
segment. The Company's subsidiaries include Wuhan Country Garden
Lianfa Investment Co., Ltd, Jurong Country Garden Property
Development Co., Ltd and Chuzhou Country Garden Property
Development Co., Ltd.
As recently reported in the Troubled Company Reporter-Asia Pacific,
Moody's Investors Service has downgraded Country Garden Holdings
Company Limited's corporate family rating to Caa1 from B1 and its
senior unsecured rating to Caa2 from B1. The rating outlook
remains negative.
E-HOUSE (CHINA): Restructuring Gets Support From Scheme Creditors
-----------------------------------------------------------------
E-House (China) Enterprise Holdings Limited announced on Aug. 1
that, it has obtained positive support for the Restructuring under
the Cayman Scheme and the HK Scheme. As of the Final RSA Expiration
Deadline, the Company has received the support from approximately
82.04% of the Scheme Creditors. Such Scheme Creditors comprise (i)
holders of the Old Notes who had validly submitted Electronic
Consent Instructions (including those that have already executed
the Accession Deed and Restricted Notes Notice), (ii) Blocked
Scheme Creditors who had validly submitted Accession Deeds and
Restricted Notes Notices and (iii) the holder of the Convertible
Note.
The Company has filed (i) an originating summons in relation to
commencing the HK Scheme with the High Court of Hong Kong on July
31, 2023 and (ii) a summons for directions and petition in
relation to commencing the Cayman Scheme with the Cayman Court on
August 1, 2023 (July 31, 2023 Cayman Islands time). As a result,
the Final RSA Expiration Deadline has occurred on July 31, 2023 and
the Company will no longer accept submissions of Accession Deeds
and Restricted Notes Notices to the Restructuring Support
Agreement. The Company, the Financial Advisor, the Information
Agent and other advisors of the Company will continue to work with
holders of the Old Notes who had validly submitted Electronic
Consent Instructions prior to the Final RSA Expiration Deadline to
complete the formalities for the execution of the Accession Deed
and Restricted Notes Notice.
As stated in the Announcements, the submission of a duly executed
Accession Deed and Restricted Notes Notice to the Restructuring
Support Agreement by holders of the Old Notes prior to the Final
RSA Expiration Deadline is a condition to the payment of the
Instruction Fee. No Instruction Fee will be paid to holders of the
Old Notes that did not accede to the Restructuring Support
Agreement prior to the Final RSA Expiration Deadline.
The Company would like to extend its gratitude to holders of the
Old Notes for their support to the Restructuring. The Company will
make timely updates to the market on the progress of the Invitation
for Irrevocable Restructuring Support.
Holders of the Old Notes requiring further information in
connection with the Old Notes may contact the Company, the
Company's Financial Advisor and the Information Agent at:
SCHEME CREDITORS OTHER THAN BLOCKED SCHEME
CREDITORS REQUIRING ASSISTANCE SHOULD CONTACT:
D.F. King Ltd.
Tel: +852-5803-0895 (Hong Kong)
+44-20-8089-2616 (London)
Email: E-House@dfkingltd.com
Transaction Website: https://sites.dfkingltd.com/E-House
ANY BLOCKED SCHEME CREDITORS REQUIRING ASSISTANCE SHOULD CONTACT:
China International Capital Corporation Hong Kong Securities
Limited (“CICC”)
Email:E-House@cicc.com.cn
E-House (China) Enterprise Holdings Limited
Email: ir@ehousechina.com
About E-House (China) Enterprise
E-House China Enterprise Holdings Ltd., through its subsidiaries,
provides real estate services in China. E-House offers a
comprehensive online-to-offline (O2O) service platform.
On July 28, 2022, the Debtor commenced scheme proceedings in the
Cayman Islands to seek a restructuring of its $300 million
unsecured notes. Alexander Lawson, a Cayman Islands resident and
licensed insolvency practitioner of A&M Cayman, is acting as scheme
supervisor.
The Scheme Supervisor filed for E-House (China) a petition for
protection under Chapter 15 of the U.S. Bankruptcy Code (Bankr.
S.D.N.Y. Case No. 22-11326) on Oct. 3, 2022, to seek recognition of
its scheme proceedings in the Cayman Islands.
The Scheme Supervisor can be reached at:
Alvarez & Marsal Cayman Islands Limited
c/o Alexander Lawson
2nd Floor, Flagship Building
142 Seafarers Way
P.O. Box 2507
George Town
Grand Cayman KY1-1104
Cayman Islands
Counsel to Scheme Supervisor/Foreign Representative:
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
Lisa Laukitis
One Manhattan West
New York, New York 10001
Tel: (212) 735-3000
Fax: (212) 735-2000
and
Justin M. Winerman
Anthony R. Joseph
155 North Wacker Drive
Chicago, Illinois 60606-1720
Telephone: (312) 407-0700
Fax: (312) 407-0411
SKADDEN, ARPS, SLATE, MEAGHER & FLOM (UK) LLP
Peter Newman
40 Bank Street
Canary Wharf
London E14 5DS
Telephone: +44 20 7519 7000
Fax: +44 20 7519 7070
FANTASIA HOLDINGS: Posts Annual Losses in 2021 & 2022
-----------------------------------------------------
Yicai Global reports that shares in Fantasia Holdings Group
plummeted on Aug. 11 as investors took fright after the heavily
indebted Chinese developer released its 2021 and 2022 financial
results, ending a 16-month trading suspension on the Hong Kong
stock exchange and also revealing the scale of its liquidity
crisis.
Fantasia's share price plunged 55 percent to finish the day at
HKD0.09 (USD0.01).
The developer logged losses of CNY10.8 billion (USD1.5 billion) in
2021 and CNY6 billion in 2022, Yicai discloses citing earnings
results released by the Shenzhen-based firm on Aug. 10. This was on
a sales turnover of CNY45.7 billion (USD6.3 billion) for 2021 and
CNY2.9 billion (USD401 million) for 2022.
Its cash reserves had shrivelled 88 percent by the end of 2022 from
the year before to CNY2.7 billion (USD373.4 million), Yicai relays.
Meanwhile, it had racked up CNY59 billion (USD8.1 billion) in debt,
with a debt-to-assets ratio of 1,228.9.
Fantasia, which was the first Chinese developer to default in this
round of real estate defaults in October 2021, had been unable to
repay CNY43.5 billion (USD6 billion) of liabilities as of the end
of last year, according to Yicai.
This casts great doubt on its ability to continue as a going
concern, according to the independent auditor's report.
Yicai says the firm had racked up USD4.2 billion in offshore debt
as of Nov. 20, 2022. It published an offshore debt restructuring
plan on Jan. 13, proposing to change USD1.3 billion of debt to
equity, to convert other debt into new US dollar-denominated notes
and to extend the maturity dates of some bonds by between two and
six-and-a-half years. If the proposal is approved, Fantasia will
cut its offshore liabilities in half.
The developer's debt restructuring plan had gained support from 76
percent of creditors as of May, more than the required minimum of
75 percent, but it has not yet implemented the plan.
Fantasia Holdings Group Co., Limited, an investment holding
company, invests in, develops, sells, and leases commercial and
residential properties primarily in the People's Republic of China.
It operates through six segments: Property Development, Property
Investment, Property Agency Services, Property Operation Services,
Hotel Operation, and Others. The company engages in the development
of urban complexes, upscale boutique residences, and mid-to-high
end residence projects; the provision of hotel accommodation,
property management, value-added, engineering, and travel agency
services; and manufacture and sale of fuel pumps. It also provides
community services through online platform; and wealth management,
finance lease, petty loans, P2P, funds and factoring, consumer
finance, insurance, payment services, etc. for enterprises and
individuals, as well as operates and manages various city
complexes, shopping centers, etc. In addition, the company operates
golfs, high-end city clubs, private clubs, theme parks, art
museums, etc.; and develops various home-based care service
stations, daytime care centers, and senior citizen apartments,
which provide home care, health care, rehabilitation therapy,
nutrition catering, and spiritual solace, as well as education
services. Fantasia Holdings Group Co., Limited is a subsidiary of
Fantasy Pearl International Limited.
R&F PROPERTIES: Ordered to Repay CNY1.2 Billion Debt
----------------------------------------------------
Yicai Global reports that shares of R&F Properties tumbled after
the troubled Chinese real estate developer said it has been ordered
to repay debts worth CNY1.2 billion (USD166.4 million) to two
financial institutions.
After falling by as much as 8.3 percent earlier on Aug. 10, R&F
Properties closed down 6.1 percent at HKD1.24 (16 US cents) a
share.
The two financial institutions had sued R&F Properties' Shanghai
unit for repayment, R&F said in April, without naming them, Yicai
recalls. In the latest judgment, the Guangzhou-based builder was
told to repay the CNY1.2 billion or have one of its ongoing
Shanghai projects auctioned to repay them, it said Aug. 10.
According to the report, R&F is still mired in a liquidity crisis
even though it managed to roll over onshore and offshore debt.
Also, as of June 30, it had defaulted on two commercial bills worth
almost CNY30.7 million (USD4.3 million).
R&F was one of the first Chinese developers to default, the report
notes. In July last year, it extended the maturity of all 10 of its
US dollar bonds by three to four years and finished restructuring
over USD4.9 billion of senior notes. It also gained approval to pay
the interest on the notes over the next two years with physical
assets.
As of Dec. 31, R&F had total assets of CNY368.9 billion (USD51.2
billion) and total liabilities of CNY302 billion, Yicai discloses.
Its sales reached CNY13.5 billion in the first half of 2023, down
about 49 percent from a year ago.
The company had defaulted on CNY29 billion of bank loans and other
borrowing as of March 31, according to Fitch Ratings. It has
another CNY5 billion falling due between this year and next.
About Guangzhou R&F
Guangzhou R&F Properties Co., Ltd. operates real estate businesses.
The Company provides housing renovation, housing loans, real estate
brokerage, property management, and other services. Guangzhou R&F
Properties also operates hotel management.
As recently reported in the Troubled Company Reporter-Asia Pacific,
Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer
Default Ratings (IDR) on Guangzhou R&F Properties Co. Ltd. and its
subsidiary, R&F Properties (HK) Company Limited (RFHK), at 'RD'
(Restricted Default). It has also affirmed RFHK's senior unsecured
rating and the rating on the RFHK-guaranteed notes issued by Easy
Tactic Limited at 'C', with the Recovery Ratings of 'RR5'.
At the same time, Fitch has chosen to withdraw the ratings on
Guangzhou R&F and RFHK for commercial reasons.
YUNNAN HONGHE: Denies Service Halt, Admits Annual Funding Gap
-------------------------------------------------------------
Yicai Global reports that the chairman of the tram operator in
Honghe prefecture in China's southwestern Yunnan province said a
rumored service stoppage is untrue, but added that services are
under intense pressure due to a more than CNY80 million (USD11
million) a year shortfall in funding.
Local tram services are operating normally, Yunnan Honghe Modern
Tram's Pu Yufei told Yicai after online rumors said a serious
imbalance between income and expenditure meant the firm planned to
suspend services in Honghe on Aug. 10. As trams in many other
places have been suspended, the rumors attracted widespread
attention.
In October 2020, the tram line of the demonstration section from
Mengzi Bus Terminal to Honghe Comprehensive Protection Area (Mengzi
North) in Honghe went into service, with a total length of 13.4
kilometers.
The line is one of four in the 66.8-kms demonstration project for
Yunna's central city cluster, with an estimated total investment of
about CNY7.23 billion (USD1 billion), of which the section opened
in October 2020 projected at about CNY1.57 billion, Yicai
discloses. Apart from the completed sections, there is also a
branch under construction.
The project's passenger flow last year was about 314,000, with
revenue from tickets of CNY1.075 million (USD148,887.5) and
operating costs of CNY84.09 million (USD11.65 million), according
to the website of the Mengzi municipal transportation bureau, Yicai
relays. That means that regardless of financial subsidies and other
income, the project has a funding gap of as much as CNY83 million a
year.
Concerns have been raised about whether huge subsidies for trams
can be sustained, the report states. In recent years, due to the
lack of passenger flow and other reasons, trams in Zhuhai and some
other places in China have been suspended.
Many tram services in the country are built in relatively remote
places, with few passengers, Cai Shaoqu, an expert in the transport
ministry's bus priority experts database, told Yicai. Excluding
construction funds, the operating cost of 1 kilometer alone is CNY2
million to CNY3 million, he said.
For areas planning to build trams, Cai said construction should
first consider guaranteeing passenger volumes, and trams should be
built on corridors with many passengers, to ensure financial
sustainability and reduce the pressure of government subsidies in
the later operation, Yicai relays.
=========
I N D I A
=========
ARROW ENTERPRISE: Voluntary Liquidation Process Case Summary
------------------------------------------------------------
Debtor: Arrow Enterprise Computing Solutions India Private Limited
906, 9th Floor, Atrium II,
Chakala Andheri Kurla Road,
Andheri (E) Mumbai - 400059
Liquidation Commencement Date: July 20, 2023
Court: National Company Law Tribunal Pune Bench
Liquidator: Mr. Haresh Babulal Shah
First Floor, Matruchaya Building,
Plot No. 27,
Mitramandal Colony Parvati,
Pune - 411009
Email: haresh.mergersindia@gmail.com
Last date for
submission of claims: August 18, 2023
BALAJI HI TECH: ICRA Withdraws B+ Rating on INR8cr Cash Credit
--------------------------------------------------------------
ICRA has withdrawn the rating assigned to the bank facilities of
Sri Balaji Hi Tech Industries (SBHTI) at the request of the firm
and based on the No Objection Certificate (NOC) received from the
bankers, and in accordance with ICRA's policy on withdrawal.
However, ICRA does not have information to suggest that the credit
risk has changed since the time the rating was last reviewed.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 3.00 [ICRA]B+ (Stable); withdrawn
Fund Based-
Term Loan
Long Term- 8.00 [ICRA]B+ (Stable) ; withdrawn
Fund Based-
Cash Credit
The Key Rating Drivers, Liquidity Position, Key Financial
Indicators and Rating Sensitivities have not been captured as the
rated instruments are being withdrawn.
Sri Balaji Hi Tech Industries was incorporated as a partnership
firm in April 2019 in Raichur district of Karnataka. The operations
are carried out at a leasehold property taken from its sister
concern, Sri Balaji Rice Mills, and has advanced technology plant
and machinery. The plant has a rice milling capacity of 8 Ton per
hour.
BALBIR FOOD: ICRA Keeps B Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the ratings for the bank facilities of Shree Balbir
Food Product Private Limited in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]B(Stable)/[ICRA]A4 ISSUER
NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 6.00 [ICRA]B (Stable) ISSUER NOT
Fund Based/CC COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term- 1.09 [ICRA]B (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Short Term- 1.00 [ICRA]A4 ISSUER NOT
Non Fund Based COOPERATING; Rating continues
Others to remain under 'Issuer Not
Cooperating' category
The rating is based on limited cooperation from the entity since
the time it was rated in May 2023. ICRA has been consistently
following up with Shree Balbir Food Product Private Limited for
obtaining the monthly 'No Default Statement'. However, the entity's
management has remained non-cooperative and ICRA has not received
NDS for two consecutive months of May 2023 and June 2023.
ICRA is unable to validate whether Shree Balbir Food Product
Private Limited has been able to meet its debt servicing
obligations in a timely manner. Accordingly, the lenders, investors
and other market participants are advised to exercise appropriate
caution while using this rating.
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 cooperation and in
line with the aforesaid policy of ICRA, the ratings continue to
remain under the "Issuer Not Cooperating" category.
Shree Balbir Food Product Private Limited is promoted by Balbir
Vikas Bhushan Group. The Group manufactures and trades in steel
products such as thermo-mechanically-treated (TMT) bars, mild steel
angles, channels and beams, among others. The Group ventured into
manufacturing of food products with the establishment of Shree
Balbir in 2015. It is a wholly-owned subsidiary of Balbir
Structures Private Limited (BSPL). Its manufacturing facilities are
located at Silvassa (Dadra and Nagar Haveli). The mill has an
installed capacity of 200 MT per day (72,000 MTPA). The first full
year of operations for the company was FY2019.
BHAGAT JEE: CARE Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Bhagat Jee
Steels Private Limited (BJSPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 16.15 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 0.57 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 7, 2022,
placed the rating(s) of BJSPL under the 'issuer non-cooperating'
category as BJSPL 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. BJSPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 23, 2023, June 2, 2023, June 12, 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).
Bhagat Jee Steels Private Limited (BJSPL) was incorporated on June
14, 2000, promoted by Mr. Rakesh Kumar Agarwal and his family
members. Since its inception, BJSPL has been engaged in
manufacturing of MS ingots, angles, flats, channels, rounds,
squares etc. The manufacturing facility of the company is located
at industrial area, Durgapur, West Bengal wi th an installed
capacity of 24000metric tonnes per annum (MTPA) for structural
steels and 50000 MTPA for MS ingots.
BHAVANI ENTERPRISES: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Bhavani
Enterprises Hubli (BE) continues to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 30.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 15, 2022,
placed the rating(s) of BE under the 'issuer non-cooperating'
category as BE 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. BE continues to be
non -cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 31, 2023, June 10, 2023, June 20, 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).
Bhavani Enterprises_Hubli (BES) was established in August 2012 by
Mr. Mahadev Habib and Mr. Aravind Kalburgi with 4 other partners to
undertake the construction of commercial project in the name of
'Galaxy Mall'. The project is located in Hubli district of
Karnataka.
BRIJ GOPAL: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: BRIJ Gopal Construction Company Private Limited
Registered Office:
A-7/2, Shivaji Apartment
Sector 14, Rohini Delhi 110085
Corporate Office:
4th Floor, Vikas Surya Shopping Mall,
Plot No. 18, Manglam Palace, Sector-3,
Rohini, New Delhi - 110085
Insolvency Commencement Date: July 27, 2023
Estimated date of closure of
insolvency resolution process: January 23, 2024 (180 Day)
Court: National Company Law Tribunal, Delhi Bench-III
Insolvency
Professional: Mukesh Kumar Jain
T-1, 3RD Floor, Front Right Portion, Pankaj Arcade,
Pocket MLU, Plot No. 16, Sector-5, Dwarka,
Delhi-110075
Email: fcafcs19@gmail.com
B-29, LGF, Lajpat Nagar-III,
Delhi 110024
Email: cirp.brigopalconstruction@gmail.com
Last date for
submission of claims: August 10, 2023
BUDS TEA: CARE Keeps D Debt Ratings in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Buds Tea
Industries Limited (BTIL) continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 20.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Long Term/ 2.00 CARE D/CARE D; ISSUER NOT
Short Term COOPERATING; Rating continues
Bank Facilities to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 29, 2022,
placed the rating(s) of BTIL under the 'issuer non-cooperating'
category as BTIL 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. BTIL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 14, 2023, June 24, 2023, July 4, 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).
Buds Tea Industries Limited (BTIL), incorporated in 2013, is
engaged in processing (4,500 tpa) and sale of tea. For this it has
a bought leaf factory in Jalpaiguri, West Bengal. The operations of
BTIL are managed by directors and brothers Mr. Gopal Poddar, Mr.
Shankar Poddar and Mr Subhash Poddar. BTIL is a part of the Limtex
Group of Industries which is promoted by Kolkata based Poddar
family which is mainly into tea industry.
CAFE COFFEE: NCLAT Stays Insolvency Case, Hearing Set for September
-------------------------------------------------------------------
Livemint.com reports that the Chennai Bench of National Company Law
Appellate Tribunal (NCLAT) has stayed the admission of corporate
insolvency case brought by National Company Law Tribunal (NCLT)
Bengaluru against the coffee chain firm, Cafe Coffee Day (CCD) on
Aug. 11.
Livemint.com relates that the NCLT order against CCD has been put
on hold until the next hearing of the appeal filed by Malavika
Hedge, the former director of CCD, by Justice Rakesh Kumar Jain, a
judicial member, and Shreehsa Merla, a technical member, according
to NCLT's notice issued on Aug. 11.
IndusInd Bank, the financial creditor whose application the NCLT
order was based on has also received notice at the same time. The
interim order stay has been passed on Aug. 11.
"Since, we have found that there are arguable points involved in
this appeal, therefore, we issue a formal notice to the Respondents
who is already on caveat, enabling it to file its reply.
"Let the reply be filed within two weeks i.e. up to 25th August,
2023 and rejoinder, if any, be filed by the Appellant within two
weeks thereafter i.e up to 14th September, 2023. List for hearing
on 20th September, 2023.
"In the meanwhile, till the next date of hearing, operation of the
impugned order shall remain stayed," said the NCLT order,
Livemint.com relays.
Malavika Hegde, former director of Coffee Day and the late VG
Siddhartha's wife filed an appeal against this order before the
NCLAT, Livemint.com reports.
In Ms. Hegde's appeal, the issue of whether CCD would fall under
the COVID-19 pandemic-related insolvency moratorium imposed by the
Central government is at stake.
According to Ms. Hegde, the date of default, which occurs between
March 25, 2020 and March 25, 2021, occurs during the moratorium
period that the Central government set forth in its June 5, 2020
circular. She has argued that the insolvency petition against CCD
was therefore invalid to begin with.
In July, IndusInd Bank filed a complaint with the NCLT, stating
that CCD had defaulted on a loan of more than INR94 crore,
Livemint.com notes. The NCLT approved the bankruptcy petition based
on the petition.
According to a regulatory filing by Coffee Day Enterprises, parent
company of Coffee Day Global from July, the Bengaluru bench of the
NCLT passed an order over a plea brought by a financial creditor of
the business who sought payment of INR94 crore in unpaid debts.
"The application filed by one of the lenders against the material
subsidiary Coffee Day Global before NCLT, Bengaluru, has been
admitted (oral order) under Section 7 of Insolvency and Bankruptcy
Code, 2016 for initiating CIRP for INR94 crore," the regulatory
filing said from July.
CHAK RADER: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Chak Rader Farm Equipments Private Limited to the non-cooperating
category as per Ind Ra's policy on Issuer Non-Cooperation,
following non-submission of No Default Statement continuously for 3
months despite continuous requests and follow-ups by the agency and
also IND-Ra's inability to validate timely debt servicing through
other sources it considers reliable. No Default Statement in the
format prescribed by SEBI is required to be shared by the issuer
every month as a confirmation that all financial obligations are
being serviced on time., Investors and other users are advised to
take appropriate caution while using these ratings. The rating will
now appear as 'IND BB+ (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are:
-- Issuer Rating migrated to non-cooperating category with IND
BB+ (Issuer Not Cooperating) rating;
-- INR25 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB+ (Issuer Not Cooperating)/
IND A4+ (Issuer Not Cooperating) rating; and
-- INR275 mil. Term loan due on Feb 29, 2028 migrated to non-
cooperating category with IND BB+ (Issuer Not Cooperating)
rating.
Company Profile
Incorporated in 1995, CRFEPL manufactures plastic poultry equipment
such as poultry feeding section, poultry watering section, egg
trays, egg transfer trays, bird transfer crates. Its manufacturing
plant is located in Hyderabad, with installed capacity of 1500mtpa.
It also has two wind mill plants, one in Maharashtra and another in
Rajasthan.
CHHATRAPATI SAMBHAJI: Ind-Ra Moves BB- Rating to Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Chhatrapati Sambhaji Raje Sakhar Udyog Limited to the
non-cooperating category as per Ind Ra's policy on Issuer
Non-Cooperation, following non-submission of No Default Statement
continuously for 3 months despite continuous requests and
follow-ups by the agency and also IND-Ra's inability to validate
timely debt servicing through other sources it considers reliable.
No Default Statement in the format prescribed by SEBI is required
to be shared by the issuer every month as a confirmation that all
financial obligations are being serviced on time., Investors and
other users are advised to take appropriate caution while using
these ratings. The rating will now appear as 'IND BB- (ISSUER NOT
COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
-- INR75 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB- (Issuer Not Cooperating)/
IND A4+ (Issuer Not Cooperating) rating; and
-- INR385 mil. Term loan due on Mar 31, 2032 migrated to non-
cooperating category with IND BB- (Issuer Not Cooperating)
rating.
Company Profile
CSRSUL, incorporated in 2000, has an integrated sugar plant for the
manufacturing of sugar, a co-generation unit of 6MW and ethanol
distillery unit of 60KLPD. It is located in Aurangabad,
Maharashtra.
CHOUDHARY FASHIONS: Ind-Ra Affirms BB+ Rating, Outlook Stable
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Choudhary
Fashions' (CF) Long-Term Issuer Rating at 'IND BB+'. The Outlook is
Stable.
The instrument-wise rating actions are:
-- INR20 mil. Non-fund-based working capital limit assigned with
IND A4+ rating;
-- INR197.5 mil. Fund-based working capital limit affirmed with
IND BB+/Stable/IND A4+ rating; and
-- INR33 mil. (increased from INR12.40 mil.) Term loan due on
July 2024 affirmed with IND BB+/Stable rating.
Key Rating Drivers
The affirmation reflects CF's continued small scale of operations,
with its revenue improving to INR1,389.35 million in FY23 (FY22:
INR820.91 million), owing to a significant increase in realization
to INR463.12 per pieces (FY22: INR342.02) and a marginal increase
in sales volume to 3 million pieces per annum. (FY22: 2.4 million
pieces per annum) following an increase in demand from new and
existing customers. Till 1QFY24, CF booked revenue of INR334
million. In FY24, Ind-Ra expects the firm's scale of operations to
remain at the similar level in view of the continued demand
recovery. Its FY23 numbers are provisional in nature.
Liquidity Indicator - Stretched: The firm does not have any capital
market exposure and relies on a single bank to meet its funding
requirements. The cash and cash equivalents stood at INR1.43
million at FYE23 (FYE22: INR1.18 million). The company has
scheduled repayment obligations of INR24.8 million and INR13.6
million in FY24 and FY25, respectively. CF's maximum utilization of
the fund-based limits was 87.03% during the 12 months ended June
2023. The cash flow from operations improved to INR172.60 million
in FY23 (FY22: negative INR11.27 million), mainly on account of the
increase in the absolute EBITDA. Its free cash flows improved to
INR156.96 million (FY22: INR19.75 million), due to the absence of
any major capex. The working capital cycle reduced to 74 days in
FY23 (FY22: 178), on account of a decline in its inventory days to
86 days (FY22: 161).
The ratings continue to be constrained by CF's high customer
concentration. The top three customers accounted for 98% of the
company's export revenue in FY23. The company caters to customers
in the European and the US markets.
CF has comfortable credit metrics with the gross interest coverage
(operating EBITDA/gross interest expense) improving to 4.49x in
FY23 (FY22: 2.34x), due to an increase in the absolute EBITDA to
INR111.28 million (INR60.7 million), while its net financial
leverage (adjusted net debt/operating EBITDA) reduced to 1.83x
(4.94x) due to a reduction in its total debt level (INR165.45
million; INR289.50 million). In FY23, CF paid off its unsecured
loans worth INR40.8 million. In FY24, Ind Ra expects the credit
metrics to improve, owing to scheduled debt repayments and the
absence of any major debt-led capex plans.
CF's EBITDA margins remained healthy at 8.01% in FY23 (FY22: 7.4%),
due to the absorption of fixed costs led by the increase in its
revenue from high margin products. The return on capital employed
improved to 31.3% in FY23 (FY22: 13.7%). Till 1QFY24, CF booked
EBITDA of INR27.50 million (8.01%). In FY24, Ind-Ra expects the
margins to remain at the similar level, on account of no major
change in the cost structure of the firm.
The ratings continue to be supported by the partners' more than
four decades' experience in the textile industry, leading to
established relationships with customers and suppliers.
Rating Sensitivities
Negative: A decline in the scale of operations, leading to a
deterioration in the credit metrics, on a sustained basis, could be
negative for the ratings.
Positive: A substantial rise in the scale of operations, leading to
an improvement in the credit metrics, with the interest coverage
exceeding 2.5x and an improvement in liquidity, all on a sustained
basis, could be positive for the ratings.
Company Profile
CF was started in 1974 in Mumbai and was converted into a
partnership firm. It manufactures and exports woven garments across
casual and fashion wear for ladies and girls. It has also started a
new ladies knitwear division. Its head office is in Mumbai and
manufacturing units are located in Jaipur.
DULLAT RESORT: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Dullat
Resort (DR) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 7.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated August 1, 2022,
placed the rating(s) of DR under the 'issuer non-cooperating'
category as DR 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. DR continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 17, 2023, June 27, 2023, July 7, 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).
Dullat Resort (DR) was established as a partnership firm by Mr.
Avtar Singh and Mr. Rupinder Singh in October 2015 sharing profit
and losses equally. DR is established with an aim to set up a
resort by the name of Dullat Resort in 2 phases – Phase I and
Phase II. Phase I consists of 8 rooms, 1 office room, 1 banquet
hall, 1 conference room, and parking space for 400 cars at Mohali,
Punjab.
DYNAMIC HATCHERIES: Liquidation Process Case Summary
----------------------------------------------------
Debtor: Dynamic Hatcheries Private Limited
Assam Trunk Rd, Adabari,
Guwahati, Assam 781014, India
Liquidation Commencement Date: June 25, 2023
Court: National Company Law Tribunal Kolkata Bench-I
Liquidator: Tarun Kumar Ray
Binayak, Flat-1, First Floor, 28/2B,
KM Naskar Road, Kolkata-700040,
Email: tarun.ray23@yahoo.com
29C, Bentinck Street, 2nd Floor,
Kolkata-700069
Email: cirp.dynamichatcheries@gmail.com
Last date for
submission of claims: August 24, 2023
GMR KAMALANGA: ICRA Withdraws D Rating on INR3,405cr Term Loan
--------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
GMR Kamalanga Energy Limited at the request of the company and
based on the No Objection Certificate (NOC) received from its
banker. However, ICRA does not have information to suggest that the
credit risk has changed since the time the rating was last reviewed
The Key Rating Drivers, Liquidity Position, Rating Sensitivities,
Key financial indicators have not been captured as the rated
instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term– 3,405.00 [ICRA]D; ISSUER NOT
COOPERATING;
Fund based Withdrawn
Term Loan
Long-term 450.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Withdrawn
Others
GMR Kamalanga Energy Limited (GKEL) is an SPV promoted by the GMR
Group for development of 1050 MW (3 X 350 MW) domestic coal based
thermal power plant at Kamalanga in the state of Odisha. GMR Group
holds ~86% stake in GKEL through GMR Energy Limited, while balance
is held by India Infrastructure fund and IDFC Limited. The plant
has been commissioned in March 2014 as against original
commissioning schedule of March 2012. The final project cost is
estimated at INR6,519 crore. The company has three Power Purchase
Agreement (PPA) with Grid Corporation of Odisha (GRIDCO; 263 MW),
Haryana Utilities (300 MW net) and Bihar state utility (260 MW
net).
HARIDWAR HIGHWAYS: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Haridwar
Highways Projects Limited (HHPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 981.09 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale and Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated May 27, 2022,
placed the rating(s) of HHPL under the 'issuer non-cooperating'
category as HHPL 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. HHPL continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 12, 2023, April 22, 2023, May 2, 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).
HHPL is a special purpose vehicle (SPV) promoted by Era Infra
Engineering Ltd and OJSC- Sibmost (Sibmost) for augmentation of
2-lane carriageway of the existing section of NH-58 from km 131.0
to km 211.0 to a 4-lane dual carriageway from Muzaffarnagar to
Haridwar in the state of Uttar Pradesh & Uttarakhand under National
Highways Development Programme (NHDP) Phase III of NHAI on Design,
Build, Finance, Operate & Transfer (Toll) basis.
INDIAN INFRABUILT: CARE Keeps C Debt Ratings in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Indian
Infrabuilt Private Limited (IIPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 8.50 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Long Term/ 0.50 CARE C; Stable/CARE A4;
Short Term ISSUER NOT COOPERATING;
Bank Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term 6.00 CARE A4; ISSUER NOT
Bank Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 29, 2022,
placed the rating(s) of IIPL under the 'issuer non-cooperating'
category as IIPL 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. IIPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 14, 2023, June 24, 2023, July 4, 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).
Uttar Pradesh based, Indian Infrabuilt Private Limited (IIPL) was
incorporated in August, 2008. The company is currently being
managed by Mohammed Javed Khan, and his wife Mrs. Farah Khan. Mr.
Avesh Kaushik joined the firm as an executive director only
recently in November, 2017. The company is a Class 'A' Government
contractor, engaged in civil construction works such as
construction of roads, flyovers and finishing activities for
buildings etc. mainly for government departments like Public Works
Department (Kanpur), Kanpur Development Authority, Kanpur Nagar
Nigam, Avaz Vik as Parishad etc.
IRIS HEALTH: CARE Keeps D Debt Ratings in Not Cooperating Category
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of IRIS
Health Services Limited (IHSL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 30.97 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 0.88 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 8, 2022,
placed the rating(s) of IHSL under the 'issuer non-cooperating'
category as IHSL 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. IHSL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 24, 2023, June 3, 2023, June 13, 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).
Incorporated in December 18, 2007, IRIS Health Services Ltd (IHSL)
was promoted by Mr. Pavan Kumar Poddar, Mr. Govindswamy Sridharan,
Mr. Nikhil Poddar, Mr. Ramesh Kumar Kedia, Mr. Vivek Kumar Kathotia
and Mr. Sanjay Kumar Ginoria based out of Kolkata, West Bengal. The
company has started its commercial operations from February 2008
onwards. The company has been engaged in Healthcare Services.
Currently the hospital is running with 180 beds which consist of 35
deluxe beds, 22 emergency beds, 15 Intensive Care Unit (ICU), and
other general beds.
JAYAVELU SPINNING: Ind-Ra Affirms BB+ LongTerm Issuer Rating
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Jayavelu Spinning
Mills Private Limited's (JSMPL) Long-Term Issuer Rating at 'IND
BB+'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR150 mil. Fund-based working capital limit affirmed with IND
BB+/Stable/IND A4+ rating;
-- INR122.4 mil. (reduced from INR145.32 mil.) Term loan due on
July 18, 2030 affirmed with IND BB+/Stable rating; and
-- INR254.68 mil. Proposed term loan is withdrawn*.
* The issuer did not proceed with the instrument as envisaged.
Key Rating Drivers
The affirmation reflects JSMPL's continued modest credit metrics,
in line with Ind-Ra's expectations, due to its planned debt-led
capex worth INR480 million over FY23-FY24, for a solar plant. The
capex will be funded through term loans of INR360 million (INR292
million drawn in FY23 and INR68 million drawn in FY24) and the rest
through internal accruals and unsecured loans of INR120 million.
The gross interest coverage (operating EBITDA/gross interest
expense) deteriorated to 5.07x in FY23 (FY22: 6.94x) due to a
decline in the EBITDA to INR95.39 million (INR127.47 million) and
the net financial leverage (adjusted net debt/operating EBITDA)
deteriorated to 5.71x (1.31x) due to a rise in the debt. In FY24,
Ind-Ra expects the interest coverage to decline further due to an
increase in the interest expenses. However, the net leverage is
likely to improve during FY24 due to debt repayments. FY23 numbers
are provisional.
The ratings also reflect JSMPL's modest EBITDA margin that
deteriorated to 7.93% in FY23 (FY22: 10.49%), due to raw material
price fluctuations. The return on capital employed was 8.3% in FY23
(FY22: 16.4%). In FY24, Ind-Ra expects the EBITDA margin to improve
due to a reduction in the power costs (FY23: INR122.5 million,
FY22: INR125.8 million), following the commencement of operations
of the company's solar plant in September 2023. Prior to its
investment in the 12MW solar plant, the company was using a 2MW
solar plant for its captive power consumption.
The ratings also reflect JSMPL's continued medium scale of
operations with a revenue of INR1,202.2 million in FY23 (FY22:
INR1,214.85 million) due to a decline in the sales realization,
which was partially mitigated by a rise in the sales volume. In
1QFY24, JSMPL achieved a revenue of INR259.39 million. In FY24,
Ind-Ra and the management expect the revenue to be stable
year-on-year, with the cotton yarn prices likely to decline and the
textile demand likely to remain stable. Furthermore, JSMPL has a
new marketing strategy in place to improve growth in revenue.
Liquidity Indicator – Stretched: JSMPL's average maximum
utilization of the fund-based limits was 107.7% during the 12
months ended June 2023 with five instances of overutilization up to
four days. The cash flow from operations turned negative at
INR83.04 million in FY23 (FY22: INR192.99 million) due to an
increase in the other current assets pertaining to advances paid
for capex. Furthermore, the free cash flow turned negative at
INR383.56 million (FY22: INR64.02 million) due to capex of INR309
million (INR257.01 million).
The modest net working capital cycle improved to 30 days in FY23
(FY22: 33 days) due to a decline in the debtor days to three (13).
The cash and cash equivalents stood at INR12.33 million at FYE23
(FYE22: INR0.54 million). However, JSMPL does not have any capital
market exposure and relies on banks and financial institutions to
meet its funding requirements. JSMPL has scheduled debt repayments
of INR74.4 million in FY24 and INR85.2 million for FY25.
The ratings continue to be supported by JSMPL's director's
experience of more than two decades in the yarn manufacturing
business.
Rating Sensitivities
Positive: The timely commencement of the solar plant while
maintaining the scale of operations, with an improvement in the
credit metrics while reducing the net leverage below 3.5x and an
improvement in the liquidity, all on a sustained basis, will lead
to positive rating action.
Negative: A decline in the scale of operations, leading to
deterioration in the credit metrics with the net leverage staying
above 5x on a sustained basis and/or any further stress on the
liquidity position, will lead to a negative rating action.
Company Profile
Incorporated in 1994, JSMPL is involved in the manufacturing of
cotton yarn with an installed capacity of 39,504 spindles. Its
manufacturing unit located at Mettilpatti Village, Tuticorin
District, Tamil Nadu.
K.M M. FOODS: CARE Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
CARE Ratings said the rating for the bank facilities of K. M. M.
Foods Private Limited (KMMFPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.66 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 25, 2022,
placed the rating(s) of KMMFPL under the 'issuer non-cooperating'
category as KMMFPL 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. KMMFPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 10, 2023, June 20, 2023, June 30, 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).
KFPL was incorporated in 2007 by Mr Prem Manglani and Mr. Ghanshyam
S Manglani. It is a contract-based manufacturer of Parle 20-20
biscuits for Parle Products Limited (PPPL). The company has its
manufacturing unit in Ahmedabad, Gujarat.
KALPESH CORPORATION: ICRA Keeps B+ Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term rating of Kalpesh
Corporation in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 7.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 0.43 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Long Term- 3.53 [ICRA]B+ (Stable) ISSUER NOT
Unallocated COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term/ 0.44 [ICRA]B+ (Stable)/[ICRA]A4;
Short Term- ISSUER NOT COOPERATING;
Unallocated Rating Continues 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. 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 1992, Unjha-based (Gujarat) Kalpesh Corporation
manufactures psyllium (Isabgol) husk powder from psyllium seeds. KC
also undertakes cleaning and sorting of other agro commodities such
as cumin seeds and fennel seeds on a job-work basis. KC is promoted
and managed by Mr. Jitendra Kumar Nayak and Mr. Ashvin Kumar Nayak,
who have more than two decades of experience in the agro-based
business. The promoters are also associated with Kanaiya Exports
Private Limited, which trades in sesame seeds, cumin seeds, fennel
seeds, psyllium husk and other agro products.
KAMA METALS: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Kama
Metals and Alloys Private Limited (KMAPL) continue to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 9.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 21, 2022,
placed the rating(s) of KMAPL under the 'issuer non-cooperating'
category as KMAPL 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. KMAPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 6, 2023, June 16, 2023, June 26, 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).
Delhi based Kama Metals and Alloys Private Limited (KMAPL) was
incorporated in August, 2004 as a private limited company and
started its commercial operations from May, 2008. The company is
currently promoted by Mr. Sunil Kumar and Mr. Sajal Mittal. The
company operates as a rolling mill and is engaged in the
manufacturing of Mild steel billets, mild steel flats and mild
steel pipes. The manufacturing facility of the company is located
at Haridwar, Uttarakhand.
KAPEESHWAR SUGAR: Ind-Ra Assigns BB Term Loan Rating
----------------------------------------------------
India Ratings and Research (Ind-Ra) has rated Kapeeshwar Sugars &
Chemicals Limited's (KSCL) bank facilities as follows:
-- INR745 mil. Term loan due on August 31, 2028 assigned with
IND BB/Stable rating; and
-- INR755 mil. Fund-based working capital limit assigned with IND
BB/Stable/IND A4+ rating.
Key Rating Drivers
The ratings reflect KSCL's modest credit metrics due to high debt
levels (FY23: INR1,353 million; FY22: INR724 million: FY21: INR794
million). The gross interest coverage ratio (operating EBITDA/gross
interest expense) improved to 2.87x in FY23 (FY22: 1.43x; FY21:
1.63x) owing to an increase in the EBITDA to INR133 million (INR91
million; INR42 million) on account of higher selling price of
sugar. The net leverage ratio (Ind-Ra adjusted net debt/operating
EBITDAR) deteriorated to 9.19x in FY23 (FY22: 6.85x; FY21:
18.58x) due to increased debt levels. Ind-Ra expects the net
leverage to improve in FY24 because of repayment of term loans and
a likely increase in the EBITDA, backed by revenue generation from
the distillery unit, the installation of which was completed in
April 2023, and planned expansion. The interest expenses on the
loan availed for the distillery unit had been capitalized until
FYE23, but the unit has subsequently commenced operations. This
along with the new term loan for capex would lead to an increase in
the gross interest expenses in FY24, thereby causing a
deterioration in the gross interest coverage during the year.
The ratings are constrained by the modest EBITDA margins due to the
nature of the business. The EBITDA margin improved to 7.52% in FY23
(FY22: 4.81%, FY21: 10.14%) on account of higher realizations from
sugar. The ROCE was 9.1% in FY23 (FY22: 8.5%, FY21: 7.5%). Ind-Ra
expects the margins to improve in FY24, supported by revenue
generation from the recently installed distillery unit, which would
yield higher margins than sugar manufacturing.
Liquidity Indicator - Stretched: KSCL's average maximum utilization
of its fund-based limits for the 12 months ended June 2023 was just
20%. The cash flow from operations decreased to INR356 million in
FY23 (FY22: INR465 million; FY21: INR319 million). In FY24, Ind-Ra
expects the cash flow from operations to turn negative at INR3.46
million on account of a significant rise in the company's net
working capital requirements. KSCL's inventory cycle is highly
volatile, as its sales are subject to month-wise maximum quantity
released by the central government. The working capital cycle
elongated to 346 days in FY23 (FY22: 223 days, FY21:826 days) due
to an increase in the inventory days to 336 days (FY22: 216 days;
FY21: 1,128 days). The working capital cycle is likely to improve
in in FY24 due to a decrease in inventory days Given the company's
planned capex in FY24, Ind-Ra expects the liquidity to remain
stretched in the near-to-medium term on account of high net
leverage and high working capital requirements. KSCL had cash and
bank balances of INR128million in FY23 (FY22: INR99 million, FY21:
INR13 million), against which it has debt repayments of INR147
million and INR210 million in FY24 and FY25, respectively.
The ratings are constrained by the insufficient experience of
KSCL's promoters. The promoters have experience of just over three
years in the sugar industry, though the entity entered into the
sugar business by purchasing an established sugar manufacturing
unit (Purna Sahakari Sakhar Karkhana Unit -II), with crushing
capacity of 2,500 tons of cane per day (TCD), in February 2020. In
FY23, KSCL undertook capex for the modernization of the acquired
sugar plant and also expanding its crushing ability to 3,750TCD,
which will improve its production level in the next year. The capex
is likely to be completed by October 2023.
The ratings also reflect the highly regulated nature of the sugar
industry. The sugar sector is vulnerable to government policies for
several reasons such as its importance in the wholesale price
index, as it is classified as an essential commodity. Besides
setting quotas for domestic sales as well as export of sugar, the
government resorts to various regulations such as fixing the raw
material prices in the form of state advised prices and fair and
remunerative prices. All these factors impact the cultivation
patterns of sugarcane in the country, and thus, affect the
profitability of sugar companies.
The ratings factor in KSCL's medium scale of operations, as
indicated by revenue of INR1,772 million in FY23 (FY22:1,895
million; FY21: INR414 million). KSCL's revenue fell in FY23 owing
to a decline in sales volumes, as sugar sales are regulated through
the quotas given by the government. The revenue is likely to
increase on a yoy basis from FY24 on the back of expansion in the
crushing capacity of the existing sugar plant and commencement of
ethanol production in the distillery unit, which has
molasses-to-ethanol capacity of 45 kilo liters per day (KLPD) and
rectified spirit-to-ethanol of 75KLPD. However, the revenue would
be impacted by the lack of outside sales of molasses and bagasse,
since both of these by-products would be used for internal
consumption.
Rating Sensitivities
Negative: A significant decline in the scale of operations, and
deterioration in the overall liquidity, with the interest coverage
falling below 1.5x, on a sustained basis, will be negative for the
ratings.
Positive: Maintaining the scale of operations and overall
liquidity, along with the interest coverage remaining above 2.0x,
will be positive for the ratings.
Company Profile
KSCL was incorporated on 20 February 2020. It has a sugar plant
with crushing capacity of 2,500TCD in Hingoli district of
Maharashtra.
KGP SILK: CARE Keeps C Debt Rating in Not Cooperating Category
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of KGP Silk &
Sarees (KSS) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 19, 2022,
placed the rating(s) of KSS under the 'issuer non-cooperating'
category as KSS 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. KSS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 4, 2023, June 14, 2023, June 24, 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).
Gangavati based K.G.P.silks and sarees (KSS) is a propritorship
concern established in 2018 by Mrs Surekha Ganesh and her husband
Mr Ganesh D Shet and is involved in the retail trade of silk sarees
and other ready-made garments. The firm also has two associates
concerns – K.G.P Gold Palace and K.G.P. Jewellers which are also
involved in the retail trading of gold jewellery.
KN HIGHWAYS: Ind-Ra Cuts Term Loan Rating to 'B+'
-------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded KN Highways
Development Private Limited's (KNHDPL) term loan rating and has
placed it on Rating Watch with Negative Implications as follows:
-- INR2.360 bil. Term loan due on December 2028* downgraded;
placed on Rating Watch with Negative Implications with IND
B+/Rating Watch with Negative Implications
*Tentative; will be confirmed upon achievement of commercial
operations date (COD)
Ind-Ra has taken a standalone view of KNHDPL to arrive at the
rating because of the restricted payment conditions and waterfall
arrangements, as per the financing documents. Any contribution by
the sponsor, DRN Infrastructure Private Limited (DRN; 'IND
BB'/Rating Watch with Negative Implications/'IND A4+'), in the form
of unsecured loans will be subordinated to the senior debt and any
interest/principal payable on the same from the project cash flows
will be made only after compliance with restricted payment
conditions.
The rating actions reflect the deterioration in the credit profile
of KNHDPL's sponsor-cum-engineering, procurement and construction
(EPC) contractor, DRN, and the cross-default risk with the sponsor
as per the loan agreement. DRN's rating was downgraded due to the
deterioration in its operational performance and Ind-Ra has placed
the rating on Rating Watch with Negative Implications owing to the
company's poor liquidity and high leverage.
The rating factors in the residual construction risk due to the
remaining equity infusion risk, given the weakened sponsor credit
profile, and non-availability of land for subsequent milestones.
The rating is supported by the reasonable experience of the
sponsor-cum-EPC contractor in the road sector. The rating also
factors in the presence of sponsor-support undertaking during the
construction period, the strong characteristics of hybrid annuity
mode (HAM)-based road projects, such as at least 80% of the
right-of-way to the project stretch by the time of appointed date,
and construction grant and annuity payments to be received from the
Karnataka State Highways Improvement Project (KSHIP).
Key Rating Drivers
Weakened Credit Profile and Liquidity of Sponsor: In FY23
(provisional financials), DRN's revenue declined to INR6.3 billion
(FY22: INR10.2 billion), owing to slower execution of its ongoing
projects. DRN's outstanding external debt reduced slightly to
INR4.2 billion in FY23 (FY22: INR4.5 billion); however, the company
further raised debt from its group company, particularly DRN
Hospitality Private Limited, with group debt outstanding of INR1.3
billion at FYE23 (FYE22: INR0.2 billion). DRN's net leverage (net
debt/EBITDA) increased to 5.1x in FY23 (FY22: 3.4x); excluding the
group company loan, the net leverage (external debt) increased to
3.88x (3.2x). The gross interest coverage (EBITDA/gross interest)
declined to 1.2x in FY23 (FY22: 2.1x). DRN had free cash an. d cash
equivalents of around INR0.21 billion at FYE23 (FYE22: INR0.33
billion) against debt repayment obligations of INR0.54 billion for
FY24. The average monthly utilization of the fund-based working
capital limits was 99.2% during the 12 months ended March 2023.
Liquidity Indicator - Poor; Equity Infusion Risk: During the
under-construction stage, the project's liquidity would be
primarily driven by timely equity infusion, grant payments and debt
disbursement. Of the total equity commitment of INR1.99 billion,
the sponsor had infused INR1.4 billion as on 17 July 2023. The
infusion of remaining equity is critical since 100% upfront equity
injection by the sponsor is one of the pre-disbursement conditions
for the term-loan. However, the remaining equity injection is
likely to be difficult, given the moderation in the credit profile
of the sponsor. This would impact the cash flow of the project, and
hence, its construction progress
Residual Construction Risk: Out of the total length of 114.3km,
linear length of 77.18km (67.5%) had been completed up to up to the
layer of dense bituminous macadam as of June 30, 2023. While the
project has received extension in time for the fifth and sixth
milestones to December 31, 2023 and June 30, 024, respectively, the
fourth milestone is yet to be completed against the scheduled time
of May 31, 2023. However, the company has completed 50% of the work
with respect to the fourth milestone and received grant payment for
the same in June 2023; the management expects to complete the
remaining work by August 2023. As per the recent communication from
the authority, the remaining land (around 19%) is to be provided to
the special purpose vehicle by 31 December 2023; however, timely
handover of land is also crucial for timely completion of the
project within the revised timelines.
Moderate Debt Structure: The rated term debt features a waterfall
mechanism and any upstreaming of cash flow will be subject to the
meeting of restricted payment conditions. It also features a debt
service reserve (DSR) equivalent to six months of debt service
obligations and a major maintenance reserve as per the base case
business plan. The DSR is part of the project and is to be created
at the time of COD. The debt is amortizing in nature, with 12
structured half-yearly instalments post the COD, leaving a tail
period of two annuities.
Sponsor Support Undertaking: Ind-Ra has factored in the
comprehensive undertakings extended by the sponsor. The sponsor
undertaking includes an arrangement of funds to meet any cost
overrun, any delay or cuts in payments from the authority,
shortfalls in O&M and major maintenance costs and gaps in
outstanding debt obligations in case of termination of the
concession agreement. Furthermore, the sponsor has undertaken to
create a DSR before the COD and fund the shortfall, if any, as well
as fund any shortfall in debt servicing.
Low Revenue Risk: The rating reflects the pre-agreed 14 semi-annual
annuities to be received from KSHIP. KNHDPL will receive revenue
from three streams post the achievement of the SCOD, which are i)
price index multiple (PIM)-adjusted completion cost less
construction grants paid during the construction period spread over
seven years in bi-annual instalments post the SCOD; ii) interest on
balance annuity payments on a reducing balance basis at bank rate
plus 3%; and iii) O&M payments defined at 1.5% of completion cost.
The PIM will be used to ascertain the annuity and O&M payments. The
PIM comprises 70% wholesale price index and 30% consumer price
index.
Rating Sensitivities
The Rating Watch with Negative Implications indicates that the
ratings may be either downgraded or affirmed upon resolution. The
Rating Watch will be resolved upon the resolution of the sponsor's
rating watch.
Company Profile
KNHDPL, a special purpose vehicle owned by DRN, has been granted a
nine-year concession period (including two years' construction
period) by KSHIP. The project involves the widening and improvement
of roads of Package 1 including two lanning of Kollegal to Hannur
(SH-79), two lanning - Chintamani to Andhra Pradesh border (state
highways -82) and 1C) four lanning of Nice Road Bengaluru to Magadi
and two lanning of Magadi to National Highway-75 (state highways
-85). The concession agreement was signed in February 2019 and the
bid project cost was INR10,620 million.
KNOWLEDGE EDUCATION: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Knowledge
Education Foundation (Regd.) (KEF) continues to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 8.50 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale and Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 19, 2022,
placed the rating(s) of KEF under the 'issuer non-cooperating'
category as KEF 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. KEF continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 4, 2023, June 14, 2023, June 24, 2023.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on t he 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).
Delhi based, KEF (Regd.) established in 2009 was promoted by Mr.
Sunil Gupta (Managing Trustee and Chancellor of society) for
developing and operating education institutes. Knowledge Education
Foundation operates school under the brand name of 'Delhi Public
School (DPS)' in Bikaner, Rajasthan under an agreement with The
Delhi Public School Society (DPS Society). The school provides
primary and secondary education from Nursery to XII standard and is
affiliated with CBSE (Central Board of Secondary Education).
MANIPAL ENERGY: Ind-Ra Moves BB+ Issuer Rating to NonCooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Manipal Energy and
Infratech Limited's (MEIL) Long-Term Issuer Rating to the
non-cooperating category. The rating will now appear as 'IND BB+
(ISSUER NOT COOPERATING)'.
The instrument-wise rating actions are:
-- INR39 mil. Term loan due on FY26 migrated to non-cooperative
category with IND BB+ (ISSUER NOT COOPERATING) rating;
-- INR150 mil. Fund-based working capital facilities migrated to
non-cooperative category with IND BB+ (ISSUER NOT
COOPERATING)/IND A4+ (ISSUER NOT COOPERATING) rating; and
-- INR250 mil. Non-fund-based working capital facilities migrated
to non-cooperative category with IND BB+ (ISSUER NOT
COOPERATING)/IND A4+ (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The issuer did not cooperate, based
on the best available information. The ratings were last reviewed
on July 1, 2022. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Key Rating Drivers
MEIL had not submitted the no-default statement (NDS) for three
consecutive months as on the first working day of August 2023 to
Ind-Ra despite continuous requests and follow-ups by the agency.
Moreover, Ind-Ra has been unable to validate the company's timely
debt servicing through other sources it considers reliable. Hence,
as per regulatory guidelines, MEIL has been migrated to
non-cooperative category. Therefore, investors and other users are
advised to take appropriate caution while using these ratings.
NDS, in the format prescribed by the Securities and Exchange Board
of India, is required to be shared by all rated companies every
month on the first working day as a confirmation that all financial
obligations are being serviced on time.
Company Profile
MEIL, a 100% subsidiary of Manipal Media Network Limited, is an
engineering, procurement and construction contractor executing
civil construction and rural electrification work for various state
electricity boards.
MANIPAL MEDIA: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Manipal Media
Network Limited's (MMNL) Long-Term Issuer Rating to the
non-cooperating category. The rating will now appear as 'IND BB+
(ISSUER NOT COOPERATING)'.
The instrument-wise rating actions are:
-- INR207 mil. Term loan due on FY29 migrated to non-cooperative
category with IND BB+ (ISSUER NOT COOPERATING) rating;
-- INR150 mil. Fund-based working capital facilities migrated to
non-cooperative category with IND BB+ (ISSUER NOT
COOPERATING)/IND A4+ (ISSUER NOT COOPERATING) rating; and
-- INR100 mil. Non-fund-based working capital facilities migrated
to non-cooperative category with IND BB+ (ISSUER NOT
COOPERATING)/IND A4+ (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The issuer did not cooperate, based
on the best available information. The ratings were last reviewed
on July 1, 2022. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Key Rating Drivers
MMNL had not submitted the no-default statement (NDS) for three
consecutive months as on the first working day of August 2023 to
Ind-Ra despite continuous requests and follow-ups by the agency.
Moreover, Ind-Ra has been unable to validate the company's timely
debt servicing through other sources it considers reliable. Hence,
as per regulatory guidelines, MMNL has been migrated to
non-cooperative category. Therefore, investors and other users are
advised to take appropriate caution while using these ratings.
NDS, in the format prescribed by the Securities and Exchange Board
of India, is required to be shared by all rated companies every
month on the first working day as a confirmation that all financial
obligations are being serviced on time.
Company Profile
Incorporated in 1948 in Manipal, Udupi, by the Manipal Group, MMNL
is a newspaper publishing house. Its flagship Kannada daily
newspaper - Udayavani - publishes editions in Manipal, Bengaluru,
Hubli, Gulbarga, Davanagere and Mumbai.
MANJEERA RETAIL HOLDINGS: Insolvency Resolution Process Case Summar
-------------------------------------------------------------------
Debtor: Manjeera Retail Holdings Private Limited
#711, Manjeera Trinity Corporate,
Beside Manjeera Mall,
JNTU-Hitech City Road, Kukatpally
Hyderabad TG 50072 IN, India,
Insolvency Commencement Date: July 18, 2023
Estimated date of closure of
insolvency resolution process: January 14, 2024
Court: National Company Law Tribunal, Hyderabad Bench
Insolvency
Professional: CA. Sri Vamsi Kambhammettu
Plot No. A85, Flat DX4, Sri Varasiddhi Nivas,
Level 2, Road No. 11, Film Nagar, Jubilee Hills,
Hyderabad – 500 033
Email: casrivamsi@gmail.com
Email: cirp.mrhpl@gmail.com
Last date for
submission of claims: August 1, 2023
MATRIX AGRO: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Matrix
Agro Private Limited (MAPL) continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 31.87 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 5, 2022,
placed the rating(s) of MAPL under the 'issuer non-cooperating'
category as MAPL 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. MAPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 21, 2023, May 31, 2023, June 10, 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).
Matrix Agro Private Limited (MAPL) has been promoted by Mrs Shobana
Kamineni and Mr K. Sri Harsha to set up a biomassbased power plant
of 6-MW capacity in Polakpalli village, Gulbarga district,
Karnataka. The power generated from the power plant is being sold
to the Apollo group of hospitals (Apollo Hospitals, Apollo
Speciality, and Apollo BGS), Distant Learning Internet India
Limited, Vydehi Institute of Medical Sciences & Research Centre,
and Srinivasa trust through Karnataka Power Transmission
Corporation's (KPTCL) and respective Bangalore Electricity supply
company Limited (BESCOM). The company has achieved COD on December
9, 2015 (against earlier envisaged December 2014).
ND S ART: Insolvency Resolution Process Case Summary
----------------------------------------------------
Debtor: ND S Art World Private Limited
S. No. 14-3, 15-3, 17-2, at Village Hatnoli,
Taluka Khalapur, Raigad - 410207 Maharashtra
Insolvency Commencement Date: July 25, 2023
Estimated date of closure of
insolvency resolution process: January 21, 2024 (180 Days)
Court: National Company Law Tribunal, Mumbai Bench-I
Insolvency
Professional: Mr. Jitender Kothari
702, Orchid A Wing,
Evershine Park CHS,
Off Veera Desai Road,
Andheri (West), Mumbai - 400053
Email: jitenderkothari@rediffmail.com
Email: cirp.ndsart@gmail.com
Last date for
submission of claims: August 10, 2023
NUPOWER RENEWABLES: CARE Cuts Rating on INR145.30cr LT Loan to D
----------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
NuPower Renewables Private Limited (NRPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 145.30 CARE D; Revised from CARE B-;
Facilities Stable
Rationale and key rating drivers
The revision in long term ratings of NRPL is on account of
continued delay in servicing of its debt obligations. CARE Ratings
became aware of such delay in interest repayment on August 1, 2023
when the company informed vide No Default Statement (NDS) dated
August 1, 2023 that there are ongoing delays in their term loan
account from July 31, 2023. Care Ratings understands that the delay
has occurred in term debt facilities across its lenders (Central
Bank of India and Canara Bank) after interacting with them.
Accordingly, the ratings are being revised to CARE D.
Rating sensitivities: Factors likely to lead to rating actions
Positive factors
* Timely servicing of debt obligations (i.e., principal and
interest) for minimum continuous 3 months.
* Improvement in operational performance of all operational
capacities on a sustained basis.
* Positive outcome in favor of the company with respect to the
pending investigations.
Analytical approach: Standalone
Key weaknesses
* Ongoing Delay in Debt Servicing: NRPL has reported delay in
serving of debt obligations since July 31, 2023 till date (i.e.
interest repayment) on account delay in receipt of dues from MSEDCL
(Maharashtra State Electricity Distribution Company Limited).
Liquidity: Poor
The company has defaulted in its repayment obligations as on July
31, 2023 and the delays continue to remain till date.
NuPower Renewables Private Limited (NRPL) incorporated on December
24, 2008, is the promoter company of NuPower Group. The major
shareholders of NRPL are DH Renewables Holding Limited (holds
54.99% stake), Pinnacle Energy (Promoter owned Trust holds 33.17%
stake) and Supreme Energy Private Limited (holds 10.10% stake). The
company is engaged in generation of power through wind with
operational capacity of 43.10 MW as on December 31, 2022 (2.05 MW
is yet to be commissioned). Apart from NRPL, the group also has
operational capacities in its subsidiaries i.e. Echanda Urja
Private Limited (100.50 MW in Tamil Nadu) and NuPower Wind Farms
Limited (34.25 MW in Karnataka).
NUTRIFRESH FARM: Ind-Ra Moves BB Issuer Rating to Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Nutrifresh Farm Tech India Private Limited to the non-cooperating
category as per Ind Ra's policy on Issuer Non-Cooperation,
following non-submission of No Default Statement continuously for 3
months despite continuous requests and follow-ups by the agency and
also IND-Ra's inability to validate timely debt servicing through
other sources it considers reliable. No Default Statement in the
format prescribed by SEBI is required to be shared by the issuer
every month as a confirmation that all financial obligations are
being serviced on time., Investors and other users are advised to
take appropriate caution while using these ratings. The rating will
now appear as 'IND BB (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are:
-- INR186.50 mil. Term loan due on Mar 31, 2028 migrated to non-
cooperating category with IND BB (Issuer Not Cooperating)
rating; and
-- INR33.50 mil. Fund Based Working Capital Limit migrated to
non-cooperating category with IND BB (Issuer Not Cooperating)
/IND A4+ (Issuer Not Cooperating) rating.
Company Profile
NFFTIPL was incorporated in 2019, by promoters Ganesh Sambhaji
Nikam and Sanket Mehta. The company is engaged in hydroponic
farming of over 42 stock keeping units of fruits/vegetables/leafy
greens on 33 acres of controlled environment agriculture hydroponic
farms. The company has six units in Pune, Maharashtra.
OM COTTEX: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Om Cottex
(OC) continues to remain in the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 6.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 18, 2022,
placed the rating(s) of OC under the 'issuer noncooperating'
category as OC 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. OC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 03, 2023, June 13, 2023, June 23, 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).
Botad (Gujarat) based Om Cottex (OC) was established in 2008 as a
partnership firm. Currently, OC is managed by six partners with
unequal profit and loss sharing agreement between them. OC is into
the business of cotton ginning & pressing and crushing of cotton
seeds. While cotton bales are used in manufacturing of cotton yarn,
cotton seeds are further processed for extraction of edible oil. OC
operates from its sole manufacturing facility located in Botad
(Gujarat) and has an installed capacity of 6048 metric tons per
annum (MTPA) for cotton bales, 756 MTPA for cotton seed oil & 5418
MTPA for cake as on March 31, 2016. OC markets its products in the
states of Gujarat, Tamil Nadu and Maharashtra.
OM SHIVASHAKTHI: CARE Keeps C Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Om
Shivashakthi Poultry Breeders (OSPB) continues to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.10 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 18, 2022,
placed the rating(s) of OSPB under the 'issuer non-cooperating'
category as OSPB 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. OSPB continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 3, 2023, June 13, 2023, June 23, 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).
Om Shivashakthi Poultry Breeders (OSPB) was established in the year
2004 and promoted by Mr. Ramaswamy (Managing Partner), Mrs.
Girijamma Ramasamy (Partner), Mrs. K.R. Vachana (partner) and Mr.
K.R.Ravindra (Partner). The firm is engaged in farming of egg,
laying poultry birds (chickens) and trading of eggs, cull birds and
their Manure. The firm sells its products like eggs and cull birds
in Kerala to retailers through own sales personnel and through some
dealers. The firm mainly
buys chicks (small chickens) from Kerala. The firm purchases raw
materials for feeding of birds like rice broken, maize, sun flower
oil cake, shell grit, minerals and soya from local traders.
PANCHAMI ELECTRONICS: CARE Keeps C Debt Rating in Not Cooperating
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Panchami
Electronics Private Limited (PEPL) continue to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.60 CARE C; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 0.40 CARE A4; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 25, 2022,
placed the rating(s) of PEPL under the 'issuer non-cooperating'
category as PEPL 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. PEPL continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 10, 2023, June 20, 2023, June 30, 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).
Panchami Electronics Private Limited (PEPL) was promoted by Mr
Jwalaprasad in February 2007. Initially, PEPL started with one Sony
Exclusive showroom at Chilimbi, Mangaluru. Later, the company added
three more Sony brand stores located at Kodialbail, Kankanady, and
Udupi. PEPL also started one exclusive retail outlet of Panasonic
at Balmatta, Mangaluru. PEPL has one sister concern company
Panchami Distributors Private Limited (PDPL) which started
operations during the year 2009. The Board of Directors is the same
as of PEPL. Through PDPL, the company started wholesaling and
became the distributors for Panasonic and Onida. Later, it also
added Sony, Whirlpool, Haier, Bosch and Intex in their
distribution.
PRERNA STRIPS: CARE Keeps C Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Prerna
Strips (PS) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.65 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 22, 2022,
placed the rating(s) of PS under the 'issuer non-cooperating'
category as PS 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. PS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 7, 2023, June 17, 2023, June 27, 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).
PS was established as a proprietorship firm in 2011. PS is engaged
in the manufacturing of steel products at its manufacturing
facility located in Derabassi, Punjab.
QUIPPO OIL: CARE Moves C Debt Ratings to Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings has migrated the rating on bank facilities of Quippo
Oil & Gas Infrastructure Limited (QOGIL) to Issuer Not Cooperating
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 30.50 CARE C; ISSUER NOT COOPERATING
Facilities Rating moved to ISSUER NOT
COOPERATING category
Long Term/ 35.00 CARE C/CARE A4; ISSUER NOT
Short Term COOPERATING; Rating moved to
Bank Facilities ISSUER NOT COOPERATING category
Rationale and key rating drivers
CARE Ratings Ltd. has been seeking monthly 'No Default Statement
(NDS)' and information from QOGIL to monitor the rating(s) vide
e-mail communications/letters dated June 21,2023 and August 2,
2023, among others and numerous phone calls. However, despite
repeated requests, the company has not provided the NDS and
information for monitoring the ratings. 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.
The rating on Quippo Oil & Gas Infrastructure Limited bank
facilities will now be denoted as CARE C; ISSUER NOT
COOPERATING/CARE A4; ISSUER NOT COOPERATING
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 are constrained by ongoing delay in repayment of loan
outstanding from Srei Equipment Finance Ltd (bank facility not
rated by CARE), moderate capital structure with moderate debt
coverage indicators post one-time restructuring, working capital
intensive nature of operations, tender based business and risk of
non-renewal of contracts along with high exposure to exchange rate
fluctuation. However, the rating draws comfort from increase in
operating income albeit reduced profitability in FY22, asset light
model with increase in rigs deployed and reputed clientele of the
company.
Analytical approach: Standalone.
Outlook: Stable
Detailed description of the key rating drivers:
At the time of last rating on June 6, 2023, the following were the
rating weaknesses and strengths:
Key rating weaknesses
* Default in loan facilities (not rated by CARE): There is an
ongoing delay in repayment of loan facilities not rated by CARE.
However, the company is timely servicing its debt facilities rated
by CARE. Moderate capital structure and moderate debt protection
metrics post onetime restructuring. The total debt stood at
INR386.01 crore as on March 31, 2022, as against INR399.15 crore as
on March 31, 2021. Debt has decreased due to repayment of term loan
and lesser utilization of Working capital loan. The company has
restructured its debt obligations with SEFL of INR282 crore wherein
the term debt of INR200 crores has been converted into Redeemable
cumulative optionally convertible preference shares (payable in 2
tranches at the end of 7th and 8th year) and INR82 crore debt to be
repaid in two annual tranches of 50% in March 2023 and March 2024.
The company has already prepaid INR9 crore term loan in March 2022.
The balance amount of INR33 crore would be paid through a mix of
free FDs, release of BG margin and remaining from internal cash
accruals. Overall gearing has been negative, because of negative
net worth. The debt coverage indicators also remained moderate with
interest coverage being comfortable at 1.92x and TD/GCA being
negative due to negative GCA.
* Working capital intensive nature of operations: Operating cycle
has increased to 170 days in FY22 vis-à-vis 162 days in FY21.
Despite improvement in inventory and debtor days, WC cycle has
moderated due to reduction in creditor days. As on Mar 31, 2022,
the company has debtors amounting to INR93.56 crore (Rs 101.40
crores as on March 31, 2021) of which INR30.27 crore is under
arbitration and of the same INR12.01 provision has been made. The
company has initiated discussion with one of its counter-parties
for out of court settlement for debtors under arbitration and
expect to realize the amount in current FY.
* Exposure to exchange rate fluctuation: The tenders for drilling
work issued by OIL and ONGC are all global tenders which are
invoiced and paid in US dollars. Accordingly, the company's
revenues are mostly in USD (except for revenue from Vedanta which
is settled in INR), against which the company has a very small
percentage of imports in foreign currencies in relation to stores
and spares. As a result, the company is exposed to exchange rate
fluctuations to a major extent. The company has no formal policy
for hedging of its foreign currency exposures. As on March 31, 2022
the company had net unhedged foreign currency exposure of 6.89 mil
USD (Rs.52.29 crore) by way of export receivables. The company
incurred forex losses of INR1.90 crores in FY21, however earned a
profit of INR6.00 crore in FY22.
* Tender based business and risk of non-renewal of contracts: The
company is exposed to the risk of tender based business and
non-renewal of contracts as the average contract period for
deployment of rigs is three years.
Key rating strengths
* Moderate financial performance in FY22: The income from operation
of the company grew from INR287.90 crore in FY21 to INR332.13 crore
in FY22 due to increase in drilling services since all the 12 rigs
taken on lease were deployed. However, despite increase in revenue
PBIDT margin moderated from 13.72% in FY21 to 8.18% in FY22 due to
major increase in fuel cost, increase in repairs of Plant and
machinery, mobilization and demobilization expenses. All except one
of the current contracts are fixed price in nature. The company has
also booked a loss of INR9.88 crore against a profit of INR9.10
crore due to exceptional prior period expenses of INR21.42 crore.
However, the management has articulated that preparation of FY23
financials is in progress. Increase in rigs deployed and asset
light model. The company started the operations in 2005. QOGIL
started the operations with 2 on-shore rigs and as on date the
company has expanded its fleet to 12 on-shore rigs. Over the span
of 15 years, the company has drilled more than 200 wells in India
and overseas. The company operates on the in-chartering model,
i.e., it acquires all the rigs on lease instead of owning them.
This helps mitigate the financial risk associated with asset
ownership in case of non-deployments. Presently, 8 rigs are on
lease from SEFL, 4 from Natural Oil & Gas Services Limited
(NOGSL).
* Reputed clientele: QOGIL has reputed clientele base to which it
provides equipment rental services. The clientele includes
companies like ONGC, Oil India Limited (OIL), Vedanta Limited, etc.
The rigs are contracted for an average tenure of 18-36 months.
QOGIL, which began operations in 2005, is in the business of
renting of infrastructure equipment servicing the construction, oil
& gas, telecom and energy sectors. QOGIL is an Onshore Rig Service
provider. QOGIL's primary focus is on providing drilling rigs
equipped with the latest technology, equipment, and world class
crew. Most of the rigs are equipped with top drives to undertake
highly specialized drilling operations in technically challenging
environment.
RAJASTHAN SYNTEX: CARE Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Shree
Rajasthan Syntex Limited (SRSL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 20.35 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 29.50 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale and key rating drivers
CARE Ratings Limited (CARE Ratings) had, vide its press release
dated February 25, 2021, placed the ratings of SRSL under the
'issuer not cooperating' category as SRSL had not paid the
surveillance fees for the rating exercise as agreed to in its
rating agreement. Moreover, SRSL has not provided NDS since more
than six months. SRSL continues to be non-cooperative and has not
submitted the requisite information despite repeated requests
through e-mails dated April 5, 2023, April 15, 2023 and April 25,
2023.
In line with the extant SEBI guidelines, CARE Ratings has reviewed
the rating on the basis of the best available information which,
however, in CARE Ratings' opinion is not sufficient to arrive at a
fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings of the bank facilities of SRSL continue to be
constrained due to ongoing delay/ default in debt servicing arising
out of its stressed liquidity.
Analytical approach: Standalone
Detailed description of the key rating drivers:
At the time of last rating on May 20, 2022, the following was the
rating weakness (updated for the information available from
stock exchange):
Key weaknesses
* Continuing delay/default in debt servicing obligation: As per the
published results of the SRSL for quarter and year ended March 31,
2023, the company has defaulted in repayment of its debt
obligations as on March 31, 2023. The above-mentioned default in
debt servicing indicates stress on SRSL's liquidity arising from
its weak operational and financial performance during past three
years ended FY23 (refers to period April 1 to March 31) wherein the
company reported net loss and cash loss. Further, the Hon'ble NCLT,
Jaipur bench admitted the company's petition for pre-packaged
insolvency resolution process (PPIRP) under Section 54A of the
insolvency and bankruptcy Code (IBC).
Incorporated in 1979, SRSL is engaged in the manufacturing of
synthetic (grey as well as dyed) blended yarn, cotton yarn and
Polypropylene Multi Filament (PPMF) yarn. SRSL manufactures yarn in
the range of 18-30 counts. As on March 31, 2022, SRSL had an
installed capacity of 77,280 spindles for synthetic blended yarn
and cotton yarn and 2,000 Metric Tonnes Per Annum (MTPA) for PPMF
yarn at its Dungarpur, Rajasthan based manufacturing facility.
RAM COTTEX: Ind-Ra Cuts LongTerm Issuer Rating to 'D'
-----------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Shree Ram Cottex
Industries Private Limited's (SRCIPL) Long-Term Issuer Rating to
'IND D (ISSUER NOT COOPERATING)' from 'IND B+ (ISSUER NOT
COOPERATING)'.
The instrument-wise rating action is:
-- INR300 mil. Fund-based working capital limit (Long-term/Short-
term) downgraded with IND D (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The issuer did not cooperate, based
on the best available information. The rating was last reviewed on
February 10, 2022. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Key Rating Drivers
The downgrade reflects the commencement of corporate insolvency
proceeding against SRCIPL, based on the information available from
public sources. Ind-Ra has not been able to ascertain the reason
for the insolvency, as the issuer has been non-cooperative.
Company Profile
SRCIPL is engaged in cotton ginning and pressing to produce cotton
bales and cotton seeds. It has a manufacturing plant in Gondal in
Rajkot, Gujarat. SRCIPL has an installed production capacity of
60,000 bales per annum.
RBBR INFRASTRUCTURE: CARE Cuts Ratings on INR11.25cr Loan to D
--------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
RBBR Infrastructure Private Limited (RIPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 11.25 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category and Revised from
CARE C; Stable
Short Term Bank 1.75 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category and Revised from
CARE A4
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 29, 2022,
placed the rating(s) of RIPL under the 'issuer non-cooperating'
category as RIPL 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. RIPL continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 14, 2023, June 24, 2023, July 4, 2023, August 4, 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).
The ratings assigned to the bank facilities of RIPL have been
revised on account of delays in debt servicing recognized from
Audit Report of FY22, available from registrar of the companies.
Analytical approach: Standalone
Outlook: Not Applicable
RBBR Infrastructure Private Limited (RIPL) was incorporated on
March 28, 1996, by the promoters of Daga Group- a group with
interests in mining, mineral processing, dental products and real
estate. RIPL is engaged in the manufacturing of concrete products
such as RCC (Reinforced Cement Concrete) pipes, pre-cast manholes,
chambers, box culverts, slabs, tanks, staircases, etc. under the
brand name of READYCRETETM. Its manufacturing facility is located
at Hosur, Tamil Nadu. The Company
procures its raw materials from across Southern India and has a
reputed clientele located across Andhra Pradesh, Karnataka, Kerala
and Tamil Nadu.
RBR GARMENTS: Ind-Ra Keeps B LT Issuer Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained RBR Garments
Private Limited's (RBRG) Long-Term Issuer Rating of 'IND B (ISSUER
NOT COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR250 mil. Fund-based limits* maintained in non-cooperating
category and withdrawn; and
-- INR50 mil. Non-fund-based working limit** maintained in non-
cooperating category and withdrawn.
*Maintained at 'IND B (ISSUER NOT COOPERATING)/IND A4 (ISSUER NOT
COOPERATING' before being withdrawn
**Maintained at 'IND A4 (ISSUER NOT COOPERATING' before being
withdrawn
Key Rating Drivers
Ind-Ra has maintained the ratings in the non-cooperating category
because RBRG did not participate in the rating exercise despite
requests by the agency and has not provided information pertaining
to the audited financials for FY23, interim financials, management
certificate, and bank limit utilizations. This is in accordance
with Ind-Ra's policy of Guidelines on What Constitutes
Non-cooperation.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lender and
withdrawal request from the issuer. This is consistent with
Ind-Ra's Policy on Withdrawal of Ratings. Ind-Ra will no longer
provide analytical and rating coverage for the company.
Company Profile
Tirupur-based RBRG was established in 1987 as a partnership firm
and was converted into a private company in 2005. The company
manufactures knitted garments and exports them to the US and
Europe. It has in-house facilities of knitting, dyeing, printing,
embroidery and washing.
SAMPAT ALUMINIUM: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sampat
Aluminium Private Limited (SAPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 4.54 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 13, 2022,
placed the rating(s) of SAPL under the 'issuer non-cooperating'
category as SAPL 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. SAPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 29, 2023, June 08, 2023, June 18, 2023.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis o f 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).
Ahmedabad- based (Gujarat) Sampat Aluminium Private Limited (SAPL)
is a private limited company incorporated in June 11, 1999,
promoted by Mr. Sanjay Deora, accompanied by Mr. Sanket Deora.
Further the company is also getting benefit of Mr. Samyak Deora
(working as director in group companies). SAPL is engaged into
manufacturing of aluminum wires and conductors, which finds its
application in power utility sector for transmission of
electricity. Its manufacturing unit is located at Rakanpur, Santej,
Gujarat with an installed capacity of 7200 Metric Tonnes per year
per annum as on March 31, 2018.
SAMRAT GEMS: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Samrat Gems Impex Pvt Ltd to the non-cooperating category as per
Ind Ra's policy on Issuer Non-Cooperation, following non-submission
of No Default Statement continuously for 3 months despite
continuous requests and follow-ups by the agency and also IND-Ra's
inability to validate timely debt servicing through other sources
it considers reliable. No Default Statement in the format
prescribed by SEBI is required to be shared by the issuer every
month as a confirmation that all financial obligations are being
serviced on time., Investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB- (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are given below:
-- Issuer Rating migrated to non-cooperating category with IND
BB- (Issuer Not Cooperating) rating;
-- INR379.50 mil. Fund Based Working Capital Limit migrated to
non-cooperating category with IND BB- (Issuer Not
Cooperating)/IND A4+ (Issuer Not Cooperating) rating; and
-- INR 110.00 mil. Non-Fund Based Working Capital Limit migrated
to non-cooperating category with IND A4+ (Issuer Not
Cooperating) rating.
Company Profile
SGIPL manufactures readymade garments and exports them primarily to
garment retailers in Europe, the US and South Africa. The company
was incorporated in 1984 and is promoted by Shyamlal Sharma and his
son Rajiv Sharma.
SARDAR COTTON: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sardar
Cotton (SC) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.87 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 14, 2022,
placed the rating(s) of SC under the 'issuer non-cooperating'
category as SC 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. SC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 30, 2023, June 9, 2023, June 19, 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).
Rajkot (Gujarat)-based, SC is a partnership firm established in
2012 by Mr. Pravinbhai Kurjibha i Mendpara, Mr. Ajaybhai Haribhai
Zalavadiya and Mr. Dineshbhai Virjibhai Tada. The firm is engaged
into the business of cotton ginning and pressing of raw cotton to
produce cotton bales and cottonseeds. SC spreads across 2 acres and
possesses set of 24 cotton ginning machines with an installed
capacity of manufacturing 200 bales per day.
SETCO AUTO: ICRA Reaffirms B- Rating on INR350cr NCD
----------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Setco
Auto Systems Private Limited (SASPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-convertible
Debenture 215.00 [ICRA]B-(Stable); Reaffirmed
Non-convertible
Debenture 350.00 [ICRA]B-(Stable); Reaffirmed
Rationale
The rating reaffirmation takes into account SASPL's weak financial
profile on account of net losses and modest debt coverage
indicators as on March 31, 2023. Further, the rating factors in the
expected continuation of pressure on net profit as well as coverage
indicators, given significant debt levels, coupled with
accumulative interest, wherein the redemption falls due in FY2026.
The company's ability to timely redeem the bonds through a mix of
refinancing, equity infusion or generation of internal accruals,
will remain a key monitorable for its credit profile. ICRA also
notes that the group profile continues to be weak, given continuing
delays in debt servicing in its associate concern, Lava Cast Pvt.
Ltd. (LCPL), due to underutilisation of capacity. SASPL has
provided support to LCPL for maintenance capex and business
stabilization through funds from non-convertible debentures (NCD),
along with equity infusion in FY2022 and FY2023. However, going
forward, no further support to LCPL or upstreaming of funds to
Setco Automotive Limited (SAL) or any other Group entity, is
envisaged from SASPL and will be a key monitorable. The company is
also exposed to the cyclicality in the auto industry, evident from
the volatility in the top line over the past fiscals.
The rating, however, notes the extensive experience of the
promoters, established operational track record and strong
relationships with original equipment manufacturers (OEM) in the
M&HCV clutch manufacturing business. The rating also considers the
improvement in SASPL's operating profile, post infusion of funds
through NCDs, which led to streamlining of the business. This led
to improvement in total revenues to INR475.0 crore in FY2023 from
INR262.0 crore in FY2022, with improvement in margins to 11.3% in
FY2023 from 7.9% in FY2022. The Stable outlook reflects ICRA's
expectations that SASPL will continue to benefit from its
established operational track record, extensive experience of the
promoters and its reputed customer base.
Key rating drivers and their description
Credit strengths
* Extensive experience of promoters and established operational
track record of Group in auto component industry: SASPL is managed
by Mr. Harish Sheth, who has an experience of over 35 years in the
auto component industry. The company manufactures clutches
primarily for MHCVs and the Group has an established operational
track record of nearly 35 years. The company's revenues are
distributed across three key segments - original equipment
manufacturers (OEM), original equipment suppliers (OES) and
independent aftermarket (IAM). It has also forayed into
manufacturing clutches for the farm tractor segment.
* Strong relationships with OEMs along with repeat business from
major OEMs: The company has developed an established customer base
resulting in repeat orders. It has an established brand presence in
the automotive market with reputed M&HCV OEMs in India.
Credit challenges
* Weak financial profile characterised by net losses and modest
debt coverage indicators: SASPL's financial profile remained weak
on the back of net losses as on March 31, 2023. It reported losses
of INR209.3 crore owing to lower top line, high interest expenses
and significant exceptional losses. Although SASPL reported revenue
growth of 81% to INR475.0 crore in FY2023 over Rs. 262 crore in
FY2022 (September 07, 2021 to March 31, 2022), with operating
margins of 11.1% in FY2023 against 7.9% in FY2022, the company's
debt coverage indicators remained moderate in FY2023 on account of
high debt levels. In the near to medium term, ICRA expects the
pressure on net profit and coverage indicators to continue, given
substantial debt on books, wherein the redemption falling due in
FY2026.
* Significant debt with accumulative interest and redemption
falling due in FY2026: SASPL has a significant debt obligation of
INR565.0 crore in FY2026, along with the accrued interest till
FY2026. The company is required to mandatorily pay 5% coupon
interest per annum on NCD with an option to prepay the accrued
interests from time to time, which however, will depend on the
company's ability to generate healthy cash flows from operations.
The ability of the company to successfully manage timely repayment
of NCD and accrued interest generated till FY2026, through either
refinancing or in-house generation of cash flows or any equity
support, remains critical for the credit profile and will remain a
key monitorable.
* Stressed financial profile of associate entity, LCPL, which
continues to be under default: LCPL, an associate of SASPL with a
10.31% shareholding, started commercial production from April 2016,
wherein it has an installed casting capacity of 30,000 MTPA. LCPL
has been reporting losses for the past five years owing to internal
challenges such as higher rejections and lower yields. LCPL could
not service the debt obligation in FY2020 due to high losses and
internal challenges. The company underwent debt restructuring,
which was implemented in FY2021, providing a much-needed liquidity
buffer to LCPL through an elongated repayment period, along with
lower interest costs. Due to the continuation of internal
challenges, the company was unable to service the debt obligation
in FY2022 and FY2023. SASPL had provided support to LCPL during
FY2022 from the funds received from NCD and equity for maintenance
capex and for stabilisation of the business. LCPL underwent a major
maintenance in FY2023, which is expected to mitigate the internal
challenges faced till now, however, remains to be seen. No further
support to LCPL, SAL or any other Group entity from SASPL, is
expected, going forward, and will remain a rating monitorable.
* High exposure to cyclicality in auto Industry: SASPL primarily
caters to the automobile industry and manufactures clutches
used in MHCVs. Thus, it remains exposed to the cyclicality in the
auto industry, evident from the volatility in the top line over the
past fiscals. However, supplies to OEMs constitute approximately
34% of the top line, and the balance 66% is through the replacement
market.
Liquidity position: Stretched
The company's liquidity profile remains stretched, with almost full
utilisation of working capital facilities, reflected in the more
than 99% average monthly utilisation of the fund-based working
capital limits during the 13-month period that ended on June 30,
2023. Moreover, the company has significant debt obligation with
accumulated interest due in FY2026. The company's
ability to successfully manage timely redemption through either
refinancing or in-house generation of cash flows or any equity
support, remains a monitorable.
Rating sensitivities
Positive factors – A large maturing debt obligation in FY2026
against its earnings, constraints the rating upgrade at present.
However, any meaningful reduction in debt, coupled with sustained
improvement in its sales turnover and profitability along with
liquidity, which strengthens the entity's overall financial
profile, would also be credit positives.
Negative factors – Any sharp decline in revenues and
profitability, on a sustained basis, or any stretch in the working
capital which weakens SASPL's liquidity and financial risk
profiles, may trigger a rating downgrade. Any support extended to
its parent entity or any other entity in the Group, which impacts
the liquidity profile of SASPL, will also be a negative rating
trigger.
Established in 1982 in collaboration with Gujarat Industrial
Development Corporation (GIDC), Gujarat Setco Automotive Limited
(GSAL) was a manufacturer of clutches for original equipment
manufacturers (OEMs). In 2000, GIDC stepped out of GSAL, and it was
renamed as Setco Automotive Limited (SAL). SAL manufactured
clutches primarily for MHCVs. SAL's clutch business was transferred
to its wholly-owned subsidiary, Setco Auto Systems Private Limited,
on a slump sale basis in September 2021. SASPL now manufactures
clutch products. Earlier, there were no operations under SASPL
before the slump sale. SASPL sells clutches under its own brand
name – LIPE. SASPL is managed by Mr. Harish Sheth, who has an
extensive experience of over 35 years in the auto component
business. The company has its own manufacturing unit at Kalol,
Vadodara (Gujarat) and another assembly unit at Sitarganj, Udham
Singh Nagar (Uttarakhand). The company's research and development
centre along with its manufacturing facility are approved by the
Department of Science and Industrial Research (DSIR). The
manufacturing facility is also certified by IATF 16949, ISO 14001
and OHSAS 18001. In addition to OEMs, the company caters to clutch
demand from original equipment services (OES) and independent
aftermarket (IAM), which together contributed to 63% of its annual
sales for FY2023. The company has recently forayed into
manufacturing of clutches for the farm segment (tractors) and has
supplied products to major tractor manufacturers like Eicher
Motors, Sonalika Tractors, etc.
SHIVALIK VYAPAAR: CARE Keeps C Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shivalik
Vyapaar Private Limited (SVPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 9.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 13, 2022,
placed the rating(s) of SVPL under the 'issuer non-cooperating'
category as SVPL 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. SVPL continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 29, 2023, June 8, 2023, June 18, 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).
Indore (Madhya Pradesh) based Shivalik Vyapaar Private Limited
(SVPL) was incorporated in 2006 by Mr. Rajendra Agrawal along with
his family members. SVPL is engaged in the business of
manufacturing of batteries and lead. The manufacturing unit of the
company is located near Indore with total installed capacity of 45
lakh batteries and 3250 Metric Ton Per Annum (MTPA) of lead as on
March 31, 2017.
SPARSH INFRATECH: Ind-Ra Hikes Bank Loan Rating to 'BB+'
--------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Sparsh Infratech
Private Limited's (SIPL) banking facility rating to 'IND BB+' from
'IND B (ISSUER NOT COOPERATING)' with a Stable Outlook as follows:
-- INR750 mil. (increased from INR652.70 mil.) Term loans due on
FY34 upgraded with IND BB+/Stable rating.
Analytical Approach: To arrive at the ratings, Ind-Ra continues to
factor in the availability of financial support, in the form of
post default, irrevocable and un-conditional corporate guarantees
and providing land at subsidized lease rentals, from Bramhacorp
Limited which owns a 10% stake in SIPL.
The upgrade reflects an improvement in the scale of operations,
EBITDA marings, and credit metrics in FY23.
Key Rating Drivers
Improvement in Occupancy Levels leading to Higher Scale of
Operations: SIPL's scale of operations improved in FY23 with
revenue of INR481.96 million in FY23 (FY22: INR308.64 million;
FY21: INR133.14 million) due to a rise in average occupancy levels
to 50.56% (36.00%) because of repeat customers and with increased
awareness of physical and mental health. SIPL operates a wellness
resort with 97 rooms in the name of Atmantan. Ind-Ra expects the
scale of operations to improve over the medium term.
The average revenue from available rooms increased to INR26,979.38
in FY23 (FY22: INR24,849.27) and the average length of stay
increased to 10 nights from five to six nights over a period of two
years. During April-July 2023, SIPL received INR40 million as
advances for the next two months. During 1QFY24, it made
anniversary sales to its existing clients amounting to INR83.72
million (1QFY23: INR61.05 million).
Rise in EBIDTA Margins: SIPL's EBITDA margins rose to 49.48% in
FY23 (FY22: 46.07%) due to the better absorption of fixed costs,
supported by higher revenue, but remained modest in view of ROCE of
7.8% ( 3.5%). Ind-Ra expects the EBITDA margins to become stable in
FY24 due to the expectation of stable occupancy levels, and improve
over the medium term based on an increase in the occupancy levels.
Improved Credit Metrics: SIPL's credit metrics improved in FY23 due
to higher absolute EBITDA. The interest coverage (operating
EBITDA/gross interest expenses) was 1.84x in FY23 (FY22: 0.99x),
the net leverage (adjusted net debt/operating EBITDAR) was 7.39x
(12.55x) and EBITDA was INR238.46 million (INR142.18 million).
Ind-Ra expects the credit metrics in FY24 to be stable due to the
expectation of stable EBITDA margins, and improve over the medium
term based on an improvement in the scale of operations.
Liquidity Indicator – Stretched: SIPL did not utilize its
fund-based working capital limits during FY23 as it operates a
capital-light business. The net working capital cycle shortened to
4 days in FY23 (FY22: negative 63 days) as a result of a decrease
in creditors to 50 (135 days). The cash flow from operations (after
adjusting finance costs) improved to INR117.97 million in FY23
(FY22: INR50.65 million) due to an improvement in the fund flow
from operations to INR142.30 million (INR3.32 million). The free
cash flows also improved to INR61.59 million in FY23 (FY22:
negative INR4.27 million) due to the increase in EBITDA. The
company has scheduled debt repayment obligations of INR59.43
million in FY24 and INR76.40 million in FY25. The cash and cash
equivalents stood at INR141.83 million at FYE23 (FYE22: INR130.40
million), out of which INR98 million was maintained towards a debt
service reserve account as of FY23. SIPL does not have any capital
market exposure and relies on financial institutions to meet its
funding requirements. Furthermore, liquidity is mainly dependent
upon the occupancy levels. Hence, occupancy levels remain a key
monitorable. The debt service coverage ratio (DSCR) during FY23 was
comfortable at 1.58x due to lower repayment obligations of term
debt of INR21.40 million.
The liquidity is supported by way of unsecured loans from promoters
(FY23: INR326.93 million) and Bramhacorp Limited (INR103.53
million).
Strategic Location of Wellness Resort: The company's promoters have
an operating experience of eight years in the wellness industry.
Atmantan is located in 36 acres of land in Mulshi, Pune which is
just 48km from Pune.
Support from Bramhacorp Limited: Bramhacorp has provided a post
default, irrevocable and un-conditional corporate guarantee towards
the entire term loan availed by SIPL. Furthermore, Bramhacorp has
provided SIPL with a subordinated debt in form of unsecured loans
and 36 acres of land in which Atmantan is situated for a lease
period of 99 years.
Standalone Profile of Bramhacorp: During FY23, Bramhacorp had sales
velocity of INR6,617 million and collection velocity of INR3,385.21
million from its six ongoing projects. Till FYE23, the group sold
55% of its total saleable area of the ongoing projects with 76.80%
of average completion. With the increased completion status of the
ongoing projects, Ind-Ra expects the sales velocity to be stable,
providing adequate customer advances for the remaining construction
cost. Moreover, Bramhacorp has a healthy mix of residential and
commercial projects which are intended for sale and at various
stages of completion from 36.42% to 88.92% in terms of the total
cost incurred. Its promoters have an experience of three decades in
real estate development; it has successfully completed and sold 38
projects totalling to 9.50 million square feet.
Bramhacorp's revenue from operations improved to INR4,450.91
million in FY23 (provisional); FY22: INR3,690.47 million) and the
EBITDA margins remained stable at INR788.18 million (INR786.75
million), mainly due to an increase in other expenses and employee
benefit expenses.
Bramhacorp has total debt repayments of around INR654.10 million
over FY24-FY27 in the real estate segment. Hospitality segment
loans and general corporate loans entail a repayment of INR213.13
million and INR269.65 million in total in FY24 and FY25,
respectively. Bramhacorp's available cash and cash equivalent was
INR455.04 million in FY23.
Rating Sensitivities
Positive: An improvement in the revenue per available room and
operating margins leading to a meaningful reduction in net leverage
and forward-looking DSCR sustaining above 1.15x could lead to a
positive rating action.
Negative: A sustained decline in the revenue per available room
and/or operating margins with forward-looking DSCR reducing and
sustaining below 1.05x, and any weakening of the linkages with
Bramhacorp and/or deterioration in the credit profile of Bramhacorp
could lead to a negative rating action.
Company Profile
SIPL operates a luxury wellness resort in the name of Atmantan.
Started in 2016, the wellness resort has 97 fully functional rooms,
and 26 additional rooms which are yet to be operationalized.
Atmantan is located in 36 acres of land in Mulshi, Pune which has
been taken on 99 years lease from Bramhacorp. Atmantan offers
customized wellness packages suited to individual requirements.
SPLEN MICA: CARE Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Splen Mica
Private Limited (SMPL) continues to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 9.17 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 21, 2022,
placed the rating(s) of SMPL under the 'issuer non-cooperating'
category as SMPL 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. SMPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 6, 2023, June 16, 2023, June 26, 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).
Ahmedabad (Gujarat) based Splen Mica Private Limited (SMPL) was
incorporated in October 2000 as Aim Laminar Private Limited (ALPL).
However, the company commenced its full-fledged operations from
December 2014 post erection and commissioning of plant and
management take over in 2013 by Mr. Hitesh Patel and Mr. Masukhbhai
Patel. Subsequently, it has changed its name to the current name
from October 8, 2021. The company is engaged in the manufacturing
of decorative laminates which is used as an overlay over plywood or
other wooden furniture. SMPL has its sole manufacturing plant
situated in Kheda (Gujarat) with an installed capacity of 13.25
lakh sheets per annum.
SS INFRAZONE: Ind-Ra Moves D Issuer Rating to Non-Cooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
S.S. Infrazone Private Limited to the non-cooperating category as
per Ind Ra's policy on Issuer Non-Cooperation, following
non-submission of No Default Statement continuously for 3 months
despite continuous requests and follow-ups by the agency and also
IND-Ra's inability to validate timely debt servicing through other
sources it considers reliable. No Default Statement in the format
prescribed by SEBI is required to be shared by the issuer every
month as a confirmation that all financial obligations are being
serviced on time., Investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND D (ISSUER NOT COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
-- Issuer Rating migrated to non-cooperating category with IND D
(Issuer Not Cooperating) rating;
-- INR5 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND B- (Issuer Not Cooperating)/IND
A4 (Issuer Not Cooperating) rating; and
-- INR495 mil. Non-Fund Based Working Capital Limit migrated to
non-cooperating category with IND A4 (Issuer Not Cooperating)
rating.
Company Profile
Formed in 2012, SSIPL undertakes construction contracts mainly for
UP Works Department. The company has been classified as Class-I
under Central Public Works Department, India (B&R) since 1990 and
Class-IA Municipal Corporation of Delhi since 1981.
TELELOGIX: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Telelogix to the non-cooperating category as per Ind Ra's policy on
Issuer Non-Cooperation, following non-submission of No Default
Statement continuously for 3 months despite continuous requests and
follow-ups by the agency and also IND-Ra's inability to validate
timely debt servicing through other sources it considers reliable.
No Default Statement in the format prescribed by SEBI is required
to be shared by the issuer every month as a confirmation that all
financial obligations are being serviced on time., Investors and
other users are advised to take appropriate caution while using
these ratings. The rating will now appear as 'IND BB- (ISSUER NOT
COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
--Issuer Rating migrated to non-cooperating category with IND BB-
(Issuer Not Cooperating) rating;
-- INR570 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB- (Issuer Not Cooperating)/
IND A4+ (Issuer Not Cooperating) rating; and
-- INR30 mil. Term loan due on Jul 31, 2027 migrated to non-
cooperating category with IND BB- (Issuer Not Cooperating)
rating.
Company Profile
Telelogix was incorporated in 2008 by Siraj Fulara and Mohsin
Fulara, as a partnership firm. It is the sole distribution partner
for Xiaomi products (smartphones, smart televisions, laptops,
accessories and eco system products) in Bangalore city, except
south Bangalore, and caters to 250 retailers in Bangalore.
THALAIVAR STEELS: CARE Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Thalaivar
Steels Limited (erstwhile. Splendid Metal Products Limited)
continue to remain in the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 1,701.84 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 269.13 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale and key rating drivers
CARE had, vide its press release dated August 3, 2022, placed the
rating(s) of Thalaivar Steels Limited (erstwhile. Splendid Metal
Products Limited) under the 'issuer non-cooperating' category as
TSL had failed to provide information for monitoring of the rating.
TSL continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and an email
dated 19-Jun-2023 and 29-Jun-2023.
In line with the extant SEBI guidelines, CARE has reviewed the
rating based on the best available information which however, in
CARE Rating'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 reaffirmation in the ratings assigned to the bank facilities of
Thalaivar Steels Limited (TSL) is primarily due to continued delays
in the company's ability to meet debt obligations due to cash flow
mismatches and deterioration in the liquidity profile.
Analytical approach: Standalone
Outlook: Not Applicable
Detailed description of the key rating drivers:
At the time of last rating on Aug. 3, 2022 the following were the
rating strengths and weaknesses (updated for the information
available from BSE).
Key weaknesses
* Stretched liquidity position with ongoing delays in debt
servicing: Stretched liquidity position along with delays in
meeting the debt obligation and the accounts are classified as
Non-Performing Assets and the company is currently under resolution
process.
Thalaivar Steels Limited (Erstwhile Splendid Metal Products
Limited), belongs to Hyderabad based Sujana Group. TSL was
incorporated in May 1988 under the name of Sujana Steel Re-Rolling
Industries (P) Limited. The name of the company was later changed
to Sujana Steels Private Limited in March 1992 and got converted
into public limited company in April 1992 and changed to current
nomenclature in 2022. TSL is engaged in trading of steel products
and manufacturing of TMT bars & structural steel products at its
facilities located at Hyderabad, Chennai and Vizag. Sujana group,
belonging to Y. S. Chowdhary, is a South India based industrial
house having about two decades of experience in the steel industry.
The group is involved in manufacturing of Thermo Mechanical Treated
(TMT) bars, Structural Steels, Galvanised Steel towers (used in
power transmission & telecom sector) and steel trading through its
companies; Sujana Universal Industries Ltd, Sujana Towers Ltd.
etc.
TOPKNIT PROCESSING MILL: Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Topknit Processing Mill Private Limited
Register Office:
8/1234- U, MLR Building, Mummoorthy Nagar,
Boyyampalayam, P.N Road, Tirupur, TN 641602
Factory:
Phase 1-8A/A, SIPCOT Industrial Complex,
Cuddalore - 607 005
Liquidation Commencement Date: June 26, 2023
Court: National Company Law Tribunal Chennai Bench
Liquidator: A.R Ramasubramania Raja
No. 3, Sundaram Brothers Layout,
Opp To ALL India Radio,
Trichy Road, Ramanathapuram,
Coimbatore-641045
Email: arrsraja@yahoo.com
Email: liqtopknit@gmail.com
Last date for
submission of claims: August 25, 2023
TUBE TURN: CARE Lowers Rating on INR10cr ST Loan to D
-----------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Tube Turn India Private Limited (TTIPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 2.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category and Revised from
CARE B-; Stable
Short Term Bank 10.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
Category and Revised from
CARE A4
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 12, 2022,
placed the rating(s) of TTIPL under the 'issuer non-cooperating'
category as TTIPL 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. TTIPL continues to
be noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 28, 2023, June 7, 2023, June 17, 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).
The ratings have been revised on account of non-availability of
requisite information. The ratings also consider delays in debt
servicing recognised from auditor's comments in the FY22 annual
report, available from ROC filings.
Tube Turn (India) Private Limited (TTIPL), incorporated in 1996, is
promoted by Mr. Praveenchandra Kadakia and Mr. Ashit Kadakia. TTIPL
is engaged in the manufacturing of pipe fittings such as elbows,
t-fittings, flanges, caps, butt-weld and socketweld fittings,
branched outlet fittings, and screwed forged fittings that are used
in oil and gas, power, steel, textiles, and consumer industries
across India. Its manufacturing plant is located at Navi Mumbai.
UNITRIVENI OVERSEAS: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Unitriveni
Overseas (UO) continue to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 17.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 3.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated July 19, 2022,
placed the rating(s) of UO under the 'issuer non-cooperating'
category as UO 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. UO continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 4, 2023, June 14, 2023, June 24, 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).
Unitriveni Overseas (UO) was constituted as a partnership firm on
May 6, 2008 by Bhattacharya family of Kolkata, West Bengal. The
firm is engaged in processing and export of sea food, primarily
Vannami and black tiger prawns. UO has its processing facilities on
lease rental basis at Kolkata, West Bengal (owned by Sunshine
Packaging Industries). The facility has an aggregate processing
capacity of 28 metric tonnes per day (MTPD) of seafood. The firm
has One Star Export House status from the Government of India. The
firm exports its products mainly to USA, France, Vietnam, etc. UO
procures prawn from the open market from farmers and agents for
processing and export. The plant is appropriately located in
proximity to several aquaculture farms in West Bengal which reduces
the risk of raw material availability and also keeps the inward
freight costs under control.
WEWORK COS: Bankruptcy Warning No Impact on India Unit
------------------------------------------------------
Reuters reports that WeWork's warning of a bankruptcy risk would
not have an impact on its India unit, regional CEO Karan Virwani
said on Aug. 9.
According to Reuters, New York-based WeWork, which was valued at
$47 billion in 2019, on Aug. 8 raised "substantial" doubt around
the continuance of its operations and warned of a possible
bankruptcy.
WeWork India, which is backed and owned in majority by Indian real
estate firm Embassy Group, said it was focused on growth with
sustained profitability and the fundamentals of its business remain
strong.
"We ended FY 2022-23 with revenue of 14 billion Indian Rupees
($168.99 million), and 2.5 billion Indian Rupees ($30.18 million)
in earnings," Reuters quotes India CEO Virwani as saying.
About WeWork
New York, NY-based WeWork Inc. (NYSE: WE) -- wework.com -- is a
global flexible workspace provider, serving a membership base of
businesses large and small through its network of 779 Systemwide
Locations, including 622 Consolidated Locations as of December
2022.
WeWork reported a net loss of $2.29 billion for the year ended
Dec.31, 2022, a net loss of $4.63 billion for the year ended Dec.
31, 2021, a net loss of $3.83 billion in 2020, and a net loss of
$3.77 billion in 2019. As of Dec. 31, 2022, the Company had $17.86
billion in total assets, $21.31 billion in total liabilities, and a
total deficit of $3.43 billion.
YASHODHAN HIGHWAYS: Ind-Ra Cuts Term Loan Rating to 'BB-'
---------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Yashodhan
Highways Private Limited's (YHPL) term loan to 'IND BB-' from 'IND
BBB-' and simultaneously placed it on Rating Watch with Negative
Implications.
The detailed rating actions are:
-- INR2.60 bil. Term loan due on January 2037* downgraded; Placed
on Rating Watch with Negative Implications with IND BB-/
Rating Watch with Negative Implications.
*Tentative; will be confirmed upon achievement of commercial
operations date (COD)
Ind-Ra continues to take a standalone view of YHPL to arrive at the
rating because of the restricted payment conditions and waterfall
arrangements, as per the financing documents. Any contribution by
the sponsor, DRN Infrastructure Private Limited (DRN; 'IND
BB'/Rating Watch with Negative Implications), in the form of
unsecured loans will be subordinated to the senior debt and any
interest/principal payable on the same from the project cash flows
will be made only after the compliance with restricted payment
conditions.
The downgrade and Rating Watch with Negative Implications reflect a
deterioration in the credit profile of YHPL's
sponsor-cum-engineering, procurement and construction (EPC)
contractor, DRN, and cross-default risk with the sponsor, as per
the loan agreement. DRN's rating has been downgraded, due to the
deterioration in its operational performance, and has been placed
on Rating Watch with Negative Implications, owing to the company's
poor liquidity and high leverage.
The rating of YHPL is constrained by the residual construction
risk. Furthermore, the rating takes cognizance of the 100% equity
infusion and reasonable experience of the sponsor-cum-EPC
contractor in the road sector. The rating also factors in the
presence of the sponsor-support undertaking during the construction
period, strong characteristics of hybrid annuity mode (HAM)-based
road projects, such as at least 80% of the right-of-way to the
project stretch by the time of the commencement of the
construction, and inflation-linked construction grants and
operational annuities to be received from the National Highways
Authority of India (NHAI; 'IND AAA'/Stable).
Key Rating Drivers
Weakened Credit Profile and Liquidity of Sponsor: As per DRN's FY23
provisional financials, its revenue declined to INR6.3 billion
(FY22: INR10.2 billion), owing to slower execution of its ongoing
projects. Although the company's EBITDA margins improved to 16.4%
in FY23 (FY22: 12.1%), its overall EBITDA declined to INR1.0
billion (INR1.2 billion), due to its lower operating revenue. DRN's
outstanding external debt reduced slightly to INR4.2 billion in
FY23 (FY22: INR4.5 billion); however, it further raised debt from
its group company (DRN Hospitality Private Limited), leading to the
group's debt outstanding remaining at INR1.3 billion at FYE23
(FYE22: INR0.2 billion). DRN's net leverage (net debt/EBITDA)
increased to 5.1x in FY23 (FY22: 3.4x), excluding the group company
loan, while the net leverage (external debt) increased to 3.88x
(3.2x). The gross interest coverage (EBITDA/gross interest)
declined to 1.2x in FY23 (FY22: 2.1x). DRN had free cash and cash
equivalents of around INR0.21 billion at FYE23 (FYE22: INR0.33
billion) against its debt repayment obligations of INR0.54 billion
for FY24. The average monthly utilization of the fund-based working
capital limits was 99.2% during the 12 months ended March 2023.
Liquidity Indicator - Poor: During the under-construction stage,
liquidity is primarily provided by the timely equity infusion,
grant payments and debt disbursement. While the project has
received 100% of equity, the grant payment and debt disbursement
will be made based on the project progress. The liquidity position
of the EPC contractor can also have an impact on the incremental
liquidity profile of YHPL and given the presence of the cross
default with the sponsor, as per the loan agreement of YHPL, in
case of any impact on DRN, it would have a repercussion on YHPL.
Residual Construction Risk: The completion of the remaining project
is likely to be difficult within the revised scheduled COD of 10
December 2023, as a major part of the construction has yet to be
completed within the next four months (with the onset of monsoon
rains ahead in the region of the project location). Furthermore,
the project is slowly progressing with 49% of physical progress
having completed as on 30 June 2023 as against the planned progress
of 60%. While 92% hindrance-free land is available, the
construction progress will largely depend on the fund flow in the
project.
Moderate Debt Structure: The rated term debt features a waterfall
mechanism and any upstreaming of cash flow will be subject to the
meeting of restricted payment conditions. It also features a debt
service reserve (DSR) equivalent to six months of debt service
obligations, and a major maintenance reserve as per the base case
business plan. The DSR is a part of the project and to be created
at the time of COD. The debt is amortizing in nature with
structured 26 half-yearly instalments post the COD, leaving a tail
period of four annuities.
Low Revenue Risk: Post the commissioning of the project, YHPL will
receive revenue from three streams from NHAI: a) 60% of the bid
project cost adjusted for the price index multiple until the time
of the COD in the form of biannual annuity instalments over 15
years; b) interest on outstanding annuity amount on a reducing
balance basis at the interest rate equal to bank rate plus 3%; and
c) inflation-adjusted operations and maintenance (O&M) expense of
INR90 million per annum. The price index multiple comprises 70% of
the wholesale price index and 30% of the consumer price index.
While O&M payments are subject to variations in the inflation
index, deductions for non-conformance to the lane availability
norms and underperformance, and maintenance requirements are
relatively straightforward.
Sponsor Support Undertaking: Ind-Ra has factored in the
comprehensive undertaking extended by the sponsor. The sponsor
undertaking includes an arrangement of funds to meet any cost
overrun, any delay or cuts in payments from the authority,
shortfalls in O&M and major maintenance costs, and gaps in
outstanding debt obligations in case of termination of the
concession agreement. Furthermore, the sponsor has undertaken to
create a DSR before the COD and fund any shortfall in debt
servicing.
Rating Sensitivities
The Rating Watch with Negative Implications indicates that the
ratings may be either downgraded or affirmed upon resolution. The
Rating Watch will be resolved upon the resolution of the sponsor's
rating watch.
Company Profile
YHPL is special purpose vehicle incorporated by DRN. NHAI has
granted a 17-year concession period (including two-year
construction period) for four-laning of 36.505 KM
Kamalapuram–Oddanchatram section of NH– 209km from 0km to
35+822km on HAM mode in Tamil Nadu. The concession agreement was
signed on December 5, 2019.
=====================
N E W Z E A L A N D
=====================
AUCKLAND MEMBRANE: Court to Hear Wind-Up Petition on Aug. 18
------------------------------------------------------------
A petition to wind up the operations of Auckland Membrane Roofing
Limited will be heard before the High Court at Auckland on Aug. 18,
2023, at 10:00 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on June 30, 2023.
The Petitioner's solicitor is:
Cloete Van Der Merwe
Inland Revenue, Legal Services
5 Osterley Way
Manukau City
Auckland 2104
CLARKIN GOAT: Creditors' Proofs of Debt Due on Sept. 4
------------------------------------------------------
Creditors of Clarkin Goat Company Limited are required to file
their proofs of debt by Sept. 4, 2023, to be included in the
company's dividend distribution.
The High Court at Auckland appointed Steven Khov and Kieran Jones
of Khov Jones Limited as liquidators on Aug. 7, 2023.
JOY INVESTMENTS: Court to Hear Wind-Up Petition on Aug. 29
----------------------------------------------------------
A petition to wind up the operations of Joy Investments Limited
will be heard before the High Court at Wellington on Aug. 29, 2023,
at 10:00 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on June 12, 2023.
The Petitioner's solicitor is:
Emily Rebecca Erin O’Sullivan
Legal Services, 11 Jepsen Grove
Wallaceville
Upper Hutt 5018
KERIKERINORTH LIMITED: Creditors' Proofs of Debt Due on Sept. 8
---------------------------------------------------------------
Creditors of Kerikerinorth Limited and Mangawhai45 Limited are
required to file their proofs of debt by Sept. 8, 2023, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Aug. 4, 2023.
The company's liquidators are:
Iain Bruce Shephard
Jessica Jane Kellow
BDO Wellington, Business Restructuring
Level 1, 50 Customhouse Quay
Wellington 6011
TEJ ENTERPRISES: Creditors' Proofs of Debt Due on Sept. 12
----------------------------------------------------------
Creditors of Tej Enterprises Limited and Sindabad Property Limited
are required to file their proofs of debt by Sept. 12, 2023, to be
included in the company's dividend distribution.
Tej Enterprises Limited commenced wind-up proceedings on Aug. 7,
2023.
Sindabad Property Limited commenced wind-up proceedings on Aug. 8,
2023.
The company's liquidator is:
Pritesh Patel
PO Box 23296
Manukau City
Auckland 2241
=================
S I N G A P O R E
=================
CENTRAL STAR: Commences Wind-Up Proceedings
-------------------------------------------
Members of Central Star Trading Co Pte Ltd, on Aug. 4, 2023, passed
a resolution to voluntarily wind up the company's operations.
The company's liquidator is:
Yang Ching Chao
c/o C C Yang International
10 Anson Road #31-01
International Plaza
Singapore 079903
ELITE LOGISTICS: Creditors' Proofs of Debt Due on Sept. 11
----------------------------------------------------------
Creditors of Elite Logistics Holdings Pte. Ltd. are required to
file their proofs of debt by Sept. 11, 2023, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Aug. 7, 2023.
The company's liquidators are:
Gary Loh Weng Fatt
Leow Quek Shiong
Seah Roh Lin
c/o BDO Advisory Pte Ltd
600 North Bridge Road
#23-01 Parkview Square
Singapore 188778
HAUS LIFESTYLE: Creditors' Meetings Set for Aug. 25
---------------------------------------------------
Haus Lifestyle Pte Ltd, which is in compulsory liquidation, will
hold a meeting for its creditors on Aug. 25, 2023, at 10:00 a.m.,
at 16 Collyer Quay #30-01 Singapore 049318 and via teleconference.
Agenda of the meeting includes:
a. to provide an update to the creditors regarding the
liquidation of the Company;
b. to resolve that the Liquidators’ fees and disbursements for
the liquidation be approved; and
c. Any other business.
The liquidators may be reached at:
Cameron Lindsay Duncan
David Dong-Won Kim
KordaMentha Pte Ltd
16 Collyer Quay, #30-01
Singapore 049318
HENGLI OILCHEM: Creditors' Proofs of Debt Due on Sept. 13
---------------------------------------------------------
Creditors of Hengli Oilchem Pte. Ltd. are required to file their
proofs of debt by Sept. 13, 2023, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Aug. 7, 2023.
The company's liquidators are:
Abuthahir Abdul Gafoor
Yessica Budiman
144 Robinson Road
#14-02 Robinson Square
Singapore 068908
===============
T H A I L A N D
===============
RISLAND (THAILAND): Fitch Cuts Gtd. Debentures Rating to 'B-(tha)'
------------------------------------------------------------------
Fitch Ratings (Thailand), on Aug. 8, 2023, downgraded the National
Long-Term Ratings on the guaranteed debentures of Risland
(Thailand) Company Limited (RLT) to 'B-(tha)', from 'BBB+(tha)'.
The debentures are guaranteed by China-based Country Garden
Holdings Company Limited (CGH) and the rating is based entirely on
Fitch assessment of CGH's credit profile. The downgrade reflects
Fitch view that CGH's credit profile has weakened significantly.
KEY RATING DRIVERS
The rating on the guaranteed debentures reflect the credit
enhancement provided to investors by the full, unconditional and
irrevocable guarantee by the parent, CGH. The guarantee ranks at
least pari passu with CGH's unsecured and unsubordinated
obligations.
The deterioration of CGH's credit profile reflects weakening
contracted sales and rising refinancing risk on capital-market debt
maturities.
DERIVATION SUMMARY
The rating on the guaranteed debentures is based entirely on the
credit profile of the guarantor, CGH, a leading homebuilder in
China, with one of the most well-diversified land banks among
peers. Fitch believe CGH's credit profile has deteriorated due to a
decline in contracted sales and weaker liquidity.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- Strengthening of CGH's credit profile
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- A weakening of CGH's credit profile
ISSUER PROFILE
RLT is indirectly owned by CGH, a leading home builder in
Guangdong, China. RLT launched its first two projects in Thailand
in 2018. It now has seven condominium and low-rise projects.
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING
The principal sources of information used in the analysis are
described in the Applicable Criteria.
PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS
The debentures are fully guaranteed by CGH and the rating is based
entirely on Fitch assessment of CGH's credit profile.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Aug. 7, 2023 to Aug. 11, 2023
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Issuer Coupon Maturity Currency Price
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AUSTRALIA
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ACN 113 874 712 PTY 13.25 02/15/18 USD 0.20
ACN 113 874 712 PTY 13.25 02/15/18 USD 0.20
APA INFRASTRUCTURE L 2.50 03/15/36 GBP 66.61
APA INFRASTRUCTURE L 1.25 03/15/33 EUR 74.46
AUSNET SERVICES HOLD 3.16 08/07/40 AUD 65.20
AUSNET SERVICES HOLD 2.57 08/07/35 AUD 67.52
AUSNET SERVICES HOLD 2.57 08/07/35 AUD 67.86
AUSTRALIA & NEW ZEAL 2.92 12/22/40 AUD 56.27
AUSTRALIA & NEW ZEAL 3.00 12/17/40 AUD 58.22
AUSTRALIA & NEW ZEAL 1.23 02/18/50 EUR 59.02
AUSTRALIA & NEW ZEAL 3.40 12/20/39 AUD 64.07
AUSTRALIA & NEW ZEAL 3.74 09/26/47 USD 70.65
AUSTRALIA & NEW ZEAL 1.86 02/28/44 EUR 71.25
AUSTRALIA & NEW ZEAL 1.92 03/18/44 EUR 72.09
AUSTRALIA & NEW ZEAL 2.20 12/21/48 EUR 74.28
AUSTRALIA & NEW ZEAL 1.65 07/21/31 USD 74.33
AUSTRALIA GOVERNMENT 1.75 06/21/51 AUD 58.77
AUSTRALIAN CATHOLIC 3.00 11/26/40 AUD 72.47
CLIME CAPITAL LTD/FU 5.25 11/30/25 AUD 0.97
COMMONWEALTH BANK OF 1.90 03/12/50 AUD 45.42
COMMONWEALTH BANK OF 3.30 08/26/50 AUD 49.22
COMMONWEALTH BANK OF 2.45 10/18/49 AUD 53.31
COMMONWEALTH BANK OF 2.60 09/27/49 AUD 55.16
COMMONWEALTH BANK OF 3.12 08/27/41 AUD 55.96
COMMONWEALTH BANK OF 2.66 11/26/49 AUD 56.00
COMMONWEALTH BANK OF 0.48 07/30/43 EUR 56.33
COMMONWEALTH BANK OF 2.70 09/18/49 AUD 56.49
COMMONWEALTH BANK OF 2.71 10/29/49 AUD 56.63
COMMONWEALTH BANK OF 3.30 09/24/41 AUD 57.65
COMMONWEALTH BANK OF 0.48 07/29/41 EUR 59.04
COMMONWEALTH BANK OF 3.00 12/10/40 AUD 59.23
COMMONWEALTH BANK OF 3.20 08/27/40 AUD 60.28
COMMONWEALTH BANK OF 1.34 05/17/49 EUR 60.32
COMMONWEALTH BANK OF 1.01 07/19/44 EUR 62.47
COMMONWEALTH BANK OF 0.69 11/15/39 EUR 64.26
COMMONWEALTH BANK OF 3.10 11/30/41 AUD 68.20
COMMONWEALTH BANK OF 3.31 03/11/41 USD 69.12
COMMONWEALTH BANK OF 3.31 03/11/41 USD 69.20
COMMONWEALTH BANK OF 1.52 02/15/44 EUR 70.55
COMMONWEALTH BANK OF 3.00 03/20/35 AUD 70.64
COMMONWEALTH BANK OF 2.05 07/24/48 EUR 70.81
COMMONWEALTH BANK OF 1.20 05/16/39 EUR 71.01
COMMONWEALTH BANK OF 3.30 05/28/35 AUD 71.27
COMMONWEALTH BANK OF 1.60 03/28/43 EUR 72.12
COMMONWEALTH BANK OF 3.66 09/23/34 AUD 72.51
COMMONWEALTH BANK OF 1.00 07/27/36 EUR 72.57
COMMONWEALTH BANK OF 1.92 03/07/44 EUR 73.09
COMMONWEALTH BANK OF 2.50 12/18/34 AUD 73.10
COMMONWEALTH BANK OF 1.41 03/14/39 EUR 73.65
COMMONWEALTH BANK OF 2.09 08/03/48 EUR 73.89
COMMONWEALTH BANK OF 4.32 01/10/48 USD 74.27
COMMONWEALTH BANK OF 4.32 01/10/48 USD 74.43
DWPF FINANCE PTY LTD 2.60 08/04/32 AUD 72.15
ECP EMERGING GROWTH 5.50 04/11/27 AUD 1.31
EDITH COWAN UNIVERSI 3.40 07/15/41 AUD 66.45
EXCHANGE TRADED AUST 3.00 11/21/33 AUD 15.05
EXCHANGE TRADED AUST 1.75 06/21/51 AUD 59.30
FLAGSHIP INVESTMENTS 5.50 10/01/26 AUD 2.55
GENERAL PROPERTY TRU 2.21 12/04/35 HKD 74.12
GLENNON SMALL COS LT 5.60 09/30/30 AUD 9.50
GLOBAL MASTERS FUND 5.50 11/24/26 AUD 2.94
MACQUARIE GROUP LTD 2.50 09/24/36 USD 64.15
MACQUARIE GROUP LTD 2.60 10/08/36 USD 64.94
MACQUARIE GROUP LTD 2.67 10/27/36 USD 65.44
MACQUARIE GROUP LTD 2.22 06/26/39 SEK 66.19
MACQUARIE UNIVERSITY 3.10 11/22/44 AUD 65.89
MACQUARIE UNIVERSITY 3.05 05/20/40 AUD 71.70
MOSAIC BRANDS LTD 8.00 09/30/24 AUD 0.81
NATIONAL AUSTRALIA B 3.35 07/24/40 AUD 59.51
NATIONAL AUSTRALIA B 2.65 01/14/41 USD 62.39
NATIONAL AUSTRALIA B 2.65 01/14/41 USD 62.50
NATIONAL AUSTRALIA B 3.40 06/30/40 AUD 63.50
NATIONAL AUSTRALIA B 3.35 07/17/40 AUD 63.62
NATIONAL AUSTRALIA B 3.71 11/25/41 AUD 63.90
NATIONAL AUSTRALIA B 2.48 12/05/39 AUD 63.99
NATIONAL AUSTRALIA B 2.60 01/28/40 AUD 65.03
NATIONAL AUSTRALIA B 2.68 01/22/40 AUD 65.99
NATIONAL AUSTRALIA B 2.64 12/16/39 AUD 66.06
NATIONAL AUSTRALIA B 2.76 01/21/40 AUD 66.74
NATIONAL AUSTRALIA B 4.10 02/24/42 AUD 67.59
NATIONAL AUSTRALIA B 3.37 05/25/46 USD 68.73
NATIONAL AUSTRALIA B 3.30 06/09/35 AUD 71.81
NATIONAL AUSTRALIA B 1.95 09/21/38 EUR 73.04
NATIONAL AUSTRALIA B 1.81 03/23/37 EUR 73.71
NATIONAL AUSTRALIA B 3.05 01/27/37 AUD 74.10
NATIONAL AUSTRALIA B 3.87 08/02/47 USD 74.41
NEW SOUTH WALES TREA 0.61 02/24/50 EUR 56.81
NEW SOUTH WALES TREA 2.45 08/24/50 AUD 59.27
NEW SOUTH WALES TREA 2.25 05/20/42 AUD 63.99
NEW SOUTH WALES TREA 2.25 05/07/41 AUD 65.38
NEW SOUTH WALES TREA 2.25 11/20/40 AUD 66.13
NEW SOUTH WALES TREA 1.75 03/20/34 AUD 74.18
NORTHERN TERRITORY T 3.00 03/21/51 AUD 72.14
NORTHERN TERRITORY T 2.75 03/21/41 AUD 73.08
PACIFIC NATIONAL FIN 3.80 09/08/31 AUD 73.85
QUEENSLAND TREASURY 0.69 06/01/50 EUR 52.04
QUEENSLAND TREASURY 2.25 10/28/50 AUD 56.69
QUEENSLAND TREASURY 2.25 11/20/41 AUD 65.22
QUEENSLAND TREASURY 2.25 04/16/40 AUD 67.27
QUEENSLAND TREASURY 1.75 07/20/34 AUD 74.16
QUEENSLAND TREASURY 1.64 11/22/46 EUR 74.88
RIO TINTO FINANCE US 2.75 11/02/51 USD 67.57
SGSP AUSTRALIA ASSET 2.68 02/27/35 AUD 72.52
SOUTH AUSTRALIAN GOV 2.25 05/24/40 AUD 65.83
SOUTH AUSTRALIAN GOV 2.00 05/23/36 AUD 71.28
SOUTH AUSTRALIAN GOV 1.75 05/24/34 AUD 73.78
TASMANIAN PUBLIC FIN 2.35 08/23/41 AUD 64.84
TASMANIAN PUBLIC FIN 1.75 01/22/36 AUD 70.41
TREASURY CORP OF VIC 0.60 02/24/50 EUR 52.93
TREASURY CORP OF VIC 2.40 08/18/50 AUD 58.42
TREASURY CORP OF VIC 2.25 11/20/42 AUD 63.06
TREASURY CORP OF VIC 2.25 11/20/41 AUD 63.73
TREASURY CORP OF VIC 2.25 11/20/40 AUD 65.50
TREASURY CORP OF VIC 2.00 11/20/37 AUD 67.68
TREASURY CORP OF VIC 2.00 09/17/35 AUD 72.55
TREASURY CORP OF VIC 0.50 11/12/30 AUD 74.96
VICTORIA POWER NETWO 2.07 11/18/30 AUD 73.58
VIRGIN AUSTRALIA HOL 7.88 10/15/21 USD 0.20
VIRGIN AUSTRALIA HOL 8.13 11/15/24 USD 0.20
VIRGIN AUSTRALIA HOL 8.25 05/30/23 AUD 0.42
VIRGIN AUSTRALIA HOL 8.08 03/05/24 AUD 0.42
VIRGIN AUSTRALIA HOL 8.00 11/26/24 AUD 0.42
VIRGIN AUSTRALIA HOL 8.13 11/15/24 USD 0.50
VIRGIN AUSTRALIA HOL 7.88 10/15/21 USD 0.63
WESFARMERS LTD 0.95 10/21/33 EUR 74.87
WESTERN AUSTRALIAN T 2.25 07/23/41 AUD 66.27
WESTPAC BANKING CORP 2.35 02/27/40 AUD 62.18
WESTPAC BANKING CORP 5.00 03/02/48 AUD 65.73
WESTPAC BANKING CORP 0.38 09/22/36 EUR 66.19
WESTPAC BANKING CORP 2.96 11/16/40 USD 66.22
WESTPAC BANKING CORP 3.13 11/18/41 USD 66.91
WESTPAC BANKING CORP 1.25 04/05/39 EUR 72.02
WESTPAC BANKING CORP 5.00 01/24/48 AUD 73.17
WESTPAC BANKING CORP 3.15 02/16/37 AUD 75.00
CHINA
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AKESU TEXTILE CITY D 7.50 06/21/24 CNY 20.33
AKESU TEXTILE CITY D 7.50 06/21/24 CNY 20.52
ALETAI CITY JUJIN UR 7.73 10/26/24 CNY 51.32
ALTAY PREFECTURE STA 6.98 04/24/29 CNY 50.30
ANAR PROPERTY GROUP 8.50 03/08/24 CNY 65.24
ANHUI DANGTU ECO DEV 6.00 09/11/24 CNY 40.00
ANHUI DANGTU ECO DEV 6.00 09/11/24 CNY 40.63
ANHUI HUAAN FOREIGN 7.30 07/13/21 CNY 70.01
ANHUI HUAINING URBAN 5.80 08/28/24 CNY 40.00
ANHUI HUAINING URBAN 5.80 08/28/24 CNY 40.26
ANHUI LANGCHUAN HOLD 6.13 12/11/24 CNY 40.87
ANHUI LEXING CITY CO 6.05 11/01/24 CNY 40.77
ANHUI LEXING CITY CO 6.05 11/01/24 CNY 41.10
ANJI COUNTY INDUSTRY 6.80 04/26/26 CNY 60.00
ANJI COUNTY INDUSTRY 7.00 11/19/25 CNY 61.78
ANJI COUNTY INDUSTRY 7.00 11/19/25 CNY 62.54
ANJI COUNTY INDUSTRY 6.80 04/26/26 CNY 63.25
ANJI COUNTY URBAN DE 7.20 05/02/25 CNY 41.55
ANJI COUNTY URBAN DE 7.20 05/02/25 CNY 41.56
ANJI COUNTY URBAN DE 7.49 09/25/25 CNY 60.00
ANJI COUNTY URBAN DE 7.49 09/25/25 CNY 62.25
ANNING DEVELOPMENT I 8.00 12/04/25 CNY 60.00
ANNING DEVELOPMENT I 8.00 12/04/25 CNY 62.54
ANNING DEVELOPMENT I 8.80 09/11/25 CNY 62.64
ANQING WANJIANG HIGH 6.50 08/02/24 CNY 40.00
ANQING WANJIANG HIGH 6.50 08/02/24 CNY 40.49
ANQIU HUAAN STATE OW 7.00 09/14/24 CNY 39.90
ANQIU HUAAN STATE OW 7.00 09/14/24 CNY 40.10
ANSHANG WANGTONG CON 7.50 05/06/26 CNY 58.60
ANSHANG WANGTONG CON 7.50 05/06/26 CNY 63.35
ANSHUN CITY CONSTRUC 7.30 09/15/24 CNY 38.30
ANSHUN CITY CONSTRUC 7.30 09/15/24 CNY 40.79
ANSHUN CITY XIXIU IN 7.90 11/15/25 CNY 53.50
ANSHUN CITY XIXIU IN 8.00 01/29/26 CNY 53.62
ANSHUN CITY XIXIU IN 8.00 01/29/26 CNY 60.53
ANSHUN CITY XIXIU IN 7.90 11/15/25 CNY 62.82
ANSHUN TRANSPORTATIO 7.50 10/31/24 CNY 37.80
ANSHUN TRANSPORTATIO 7.50 10/31/24 CNY 40.65
ANSHUN XIXIU CITY IN 4.70 11/22/23 CNY 19.78
ANSHUN XIXIU CITY IN 4.70 11/22/23 CNY 19.81
ANYUE XINGAN CITY DE 7.50 01/30/25 CNY 41.28
ANYUE XINGAN CITY DE 7.50 01/30/25 CNY 41.28
ANYUE XINGAN CITY DE 7.50 05/06/26 CNY 62.53
AOYUAN CORP GROUP LT 5.50 03/03/25 CNY 25.50
AOYUAN CORP GROUP LT 6.60 09/03/23 CNY 38.00
AOYUAN CORP GROUP LT 5.65 08/06/25 CNY 59.71
BAOJI INVESTMENT GRO 5.05 04/18/24 CNY 20.00
BAOJI INVESTMENT GRO 5.05 04/18/24 CNY 20.20
BAOTOU AFFORDABLE HO 5.25 07/27/24 CNY 40.36
BAOTOU AFFORDABLE HO 5.31 08/10/24 CNY 40.48
BAOTOU QINSHAN HOUSI 7.90 12/26/23 CNY 10.16
BAOYING DEVELOPMENT 5.45 08/21/24 CNY 40.26
BAOYING DEVELOPMENT 5.49 10/17/24 CNY 40.34
BAZHOU GUOHUI CONSTR 6.08 06/19/24 CNY 20.52
BAZHOU GUOHUI CONSTR 6.08 06/19/24 CNY 20.54
BENGBU ECONOMIC DEVE 6.45 07/13/24 CNY 20.00
BENGBU ECONOMIC DEVE 6.45 07/13/24 CNY 20.42
BENGBU URBAN INVESTM 5.80 04/13/24 CNY 20.30
BENGBU URBAN INVESTM 5.80 04/13/24 CNY 20.44
BIJIE CITY ANFANG CO 7.80 01/18/26 CNY 53.30
BIJIE CITY ANFANG CO 7.80 01/18/26 CNY 60.97
BIJIE CONSTRUCTION I 5.78 07/06/24 CNY 20.19
BIJIE CONSTRUCTION I 5.55 08/03/24 CNY 40.17
BIJIE DEXI CONSTRUCT 5.10 12/05/23 CNY 19.93
BIJIE DEXI CONSTRUCT 4.60 11/17/23 CNY 19.99
BIJIE DEXI CONSTRUCT 4.60 11/17/23 CNY 20.00
BIJIE DEXI CONSTRUCT 5.10 12/05/23 CNY 20.03
BIJIE QIXINGGUAN DIS 7.60 09/08/24 CNY 38.30
BIJIE QIXINGGUAN DIS 7.60 09/08/24 CNY 40.82
BIJIE QIXINGGUAN DIS 8.05 08/16/25 CNY 55.03
BIJIE QIXINGGUAN DIS 8.05 08/16/25 CNY 55.43
BIJIE TIANHE URBAN C 8.05 12/03/25 CNY 54.00
BIJIE TIANHE URBAN C 8.05 12/03/25 CNY 63.05
BIJIE XINTAI INVESTM 7.80 11/01/24 CNY 41.09
BINZHOU ZHANHUA DIST 4.93 11/29/23 CNY 20.07
BINZHOU ZHANHUA DIST 4.93 11/29/23 CNY 20.09
BLUEDON INFORMATION 1.80 08/13/24 CNY 25.85
BRILLIANCE AUTO GROU 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROU 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROU 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROU 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROU 5.80 06/17/24 CNY 60.78
CHANG DE DING LI IND 6.10 07/20/24 CNY 20.23
CHANG DE DING LI IND 6.10 07/20/24 CNY 20.35
CHANGDE DE YUAN SHAN 5.33 09/13/23 CNY 10.03
CHANGDE DEYUAN INVES 7.70 06/11/25 CNY 42.22
CHANGDE DEYUAN INVES 7.70 06/11/25 CNY 42.23
CHANGDE DINGCHENG JI 7.58 10/19/25 CNY 60.00
CHANGDE DINGCHENG JI 6.98 01/22/26 CNY 61.20
CHANGDE DINGCHENG JI 7.58 10/19/25 CNY 61.80
CHANGDE DINGCHENG JI 6.98 01/22/26 CNY 62.18
CHANGGE JINCAI PUBLI 7.10 04/19/24 CNY 20.14
CHANGGE JINCAI PUBLI 7.10 04/19/24 CNY 20.26
CHANGJI URBAN CONSTR 4.24 11/18/23 CNY 20.02
CHANGJI URBAN CONSTR 4.24 11/18/23 CNY 20.04
CHANGSHA CHENGBEI IN 6.95 06/06/25 CNY 41.79
CHANGSHA CHENGBEI IN 7.00 10/26/25 CNY 60.00
CHANGSHA CHENGBEI IN 7.00 10/26/25 CNY 62.56
CHANGSHA ECONOMIC & 4.78 03/03/24 CNY 20.16
CHANGSHA ECONOMIC & 4.78 03/03/24 CNY 21.26
CHANGSHA JINXIA NEW 7.00 02/14/26 CNY 61.02
CHANGSHA JINXIA NEW 7.00 02/14/26 CNY 62.94
CHANGSHA JINZHOU NEW 6.60 08/24/24 CNY 40.00
CHANGSHA JINZHOU NEW 6.60 08/24/24 CNY 40.64
CHANGSHA METRO GROUP 5.40 07/14/25 CNY 30.00
CHANGSHA METRO GROUP 5.40 07/14/25 CNY 30.73
CHANGSHA METRO GROUP 5.97 04/03/25 CNY 30.79
CHANGSHA METRO GROUP 5.97 04/03/25 CNY 31.10
CHANGSHA METRO GROUP 4.10 12/21/25 CNY 45.22
CHANGSHA METRO GROUP 4.10 12/21/25 CNY 46.47
CHANGSHA TIANXIN CIT 3.43 08/08/23 CNY 20.00
CHANGSHA TIANXIN CIT 3.43 08/08/23 CNY 20.15
CHANGSHA WANGYUAN DE 5.73 07/12/27 CNY 62.72
CHANGSHA WANGYUAN DE 5.73 07/12/27 CNY 63.11
CHANGSHA YUHUA JINGK 4.17 09/06/23 CNY 20.00
CHANGSHA YUHUA JINGK 4.17 09/06/23 CNY 20.02
CHANGXING SOUTHERN T 6.50 11/30/25 CNY 60.00
CHANGXING SOUTHERN T 6.50 11/30/25 CNY 61.82
CHANGZHOU JINTAN COM 6.50 11/07/24 CNY 40.00
CHANGZHOU JINTAN COM 7.10 12/21/24 CNY 40.00
CHANGZHOU JINTAN COM 6.50 11/07/24 CNY 40.72
CHANGZHOU JINTAN COM 7.10 12/21/24 CNY 41.07
CHANGZHOU XINGANG EC 3.42 10/20/23 CNY 19.94
CHANGZHOU XINGANG EC 3.42 10/20/23 CNY 19.97
CHANGZHOU ZHONGLOU E 3.64 10/26/23 CNY 20.01
CHANGZHOU ZHONGLOU E 3.64 10/26/23 CNY 20.02
CHAOHU URBAN TOWN CO 5.67 05/03/25 CNY 41.02
CHENGDU ECONOMIC&TEC 7.49 01/15/25 CNY 51.77
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 39.41
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 40.00
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 40.67
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 41.73
CHENGDU JIAOZI PARK 5.99 10/23/25 CNY 60.00
CHENGDU JIAOZI PARK 5.99 10/23/25 CNY 61.70
CHENGDU JINGKAI GUOT 6.00 05/06/26 CNY 60.00
CHENGDU JINGKAI GUOT 6.00 05/06/26 CNY 61.99
CHENGDU LIN JIANG GA 6.75 08/02/24 CNY 40.46
CHENGDU LIN JIANG GA 7.00 08/27/25 CNY 61.78
CHENGDU MENGJIANG IN 3.95 10/20/23 CNY 19.94
CHENGDU XINGCHENGJIA 5.15 12/18/24 CNY 60.78
CHENGDU XINGJIN ECOL 3.65 10/13/23 CNY 20.00
CHENGDU XINGJIN ECOL 3.65 10/13/23 CNY 20.05
CHENGDU XINGSHU INVE 6.78 08/21/24 CNY 40.60
CHENGDU XINGSHU INVE 6.78 08/21/24 CNY 41.32
CHENGDU XINJIN COUNT 7.30 10/23/24 CNY 40.38
CHENGDU XINJIN COUNT 7.30 10/23/24 CNY 40.75
CHENGDU XINJIN COUNT 6.40 07/05/24 CNY 20.16
CHENGDU XINJIN COUNT 6.40 07/05/24 CNY 20.43
CHENGDU XINJIN COUNT 6.28 08/03/24 CNY 40.00
CHENGDU XINJIN COUNT 6.28 08/03/24 CNY 40.04
CHENZHOU BAIFU INVES 4.96 03/22/26 CNY 43.12
CHENZHOU BAIFU INVES 4.96 03/22/26 CNY 44.82
CHENZHOU WENLV INDUS 5.34 11/28/23 CNY 20.04
CHENZHOU XINTIAN INV 6.00 07/26/24 CNY 39.63
CHENZHOU XINTIAN INV 6.00 07/26/24 CNY 39.76
CHENZHOU XINTIAN INV 5.38 03/08/26 CNY 45.05
CHENZHOU XINTIAN INV 5.38 03/08/26 CNY 45.46
CHIBI LANTIAN URBAN 4.38 08/10/23 CNY 19.99
CHIBI LANTIAN URBAN 4.38 08/10/23 CNY 20.00
CHIBI LANTIAN URBAN 6.95 11/22/25 CNY 60.00
CHIBI LANTIAN URBAN 6.95 11/22/25 CNY 61.91
CHINA COMMUNICATION 7.00 07/19/20 CNY 5.00
CHINA FORTUNE LAND D 7.40 03/24/21 CNY 25.13
CHINA FORTUNE LAND D 7.20 04/18/21 CNY 25.13
CHINA FORTUNE LAND D 5.60 09/10/21 CNY 25.13
CHINA FORTUNE LAND D 5.80 05/23/22 CNY 25.13
CHINA FORTUNE LAND D 5.00 05/30/22 CNY 68.15
CHINA GOVERNMENT INT 2.25 10/21/50 USD 65.26
CHINA GOVERNMENT INT 2.25 10/21/50 USD 65.39
CHINA GOVERNMENT INT 2.50 10/26/51 USD 68.32
CHINA GOVERNMENT INT 2.50 10/26/51 USD 68.47
CHINA GOVERNMENT INT 1.00 11/12/39 EUR 69.00
CHINA GOVERNMENT INT 0.63 11/25/35 EUR 71.29
CHINA GOVERNMENT INT 0.63 11/17/33 EUR 74.89
CHINA SECURITY CO LT 4.45 11/11/19 CNY 31.00
CHISHUI CITY CONSTRU 8.50 01/18/26 CNY 63.19
CHONGQIN XINLIANG IN 4.76 08/26/23 CNY 20.00
CHONGQIN XINLIANG IN 4.76 08/26/23 CNY 20.01
CHONGQING BAYUAN CON 4.99 08/16/23 CNY 20.01
CHONGQING DAZU YONGS 6.48 07/24/24 CNY 20.45
CHONGQING DAZU YONGS 6.48 07/24/24 CNY 40.45
CHONGQING HECHUAN CI 3.95 09/06/23 CNY 20.01
CHONGQING HECHUAN CI 3.95 09/06/23 CNY 20.03
CHONGQING HONGYE IND 6.30 08/02/24 CNY 40.31
CHONGQING HONGYE IND 6.30 08/02/24 CNY 40.31
CHONGQING HONGYE IND 6.45 11/27/24 CNY 40.53
CHONGQING JIANGJIN D 6.40 09/13/24 CNY 40.00
CHONGQING JIANGJIN D 6.40 09/13/24 CNY 40.63
CHONGQING JIANGLAI I 7.50 10/26/25 CNY 60.00
CHONGQING JIANGLAI I 7.50 10/26/25 CNY 62.82
CHONGQING JIN TONG I 4.44 11/16/23 CNY 19.98
CHONGQING JIN TONG I 4.44 11/16/23 CNY 19.99
CHONGQING JIN TONG I 6.50 08/01/24 CNY 39.59
CHONGQING LIANGJIANG 4.28 02/28/24 CNY 40.41
CHONGQING LIANGJIANG 3.93 12/13/24 CNY 70.65
CHONGQING LIANGJIANG 3.93 12/13/24 CNY 70.77
CHONGQING LIANGSHAN 6.30 10/16/24 CNY 40.46
CHONGQING LIANGSHAN 6.30 10/16/24 CNY 40.65
CHONGQING LONGHU DEV 3.70 08/11/28 CNY 65.00
CHONGQING LONGHU DEV 3.49 01/14/28 CNY 70.00
CHONGQING LONGHU DEV 3.35 08/11/26 CNY 72.80
CHONGQING LONGHU DEV 4.67 07/19/26 CNY 85.00
CHONGQING QIJIANG EA 4.00 09/05/23 CNY 19.98
CHONGQING QIJIANG EA 4.00 09/05/23 CNY 20.00
CHONGQING SHUANGFU C 6.37 10/13/24 CNY 40.00
CHONGQING SHUANGFU C 6.37 10/13/24 CNY 40.64
CHONGQING THREE GORG 7.80 03/01/26 CNY 60.00
CHONGQING THREE GORG 7.80 03/01/26 CNY 63.71
CHONGQING TONGLIANG 6.80 02/11/25 CNY 40.00
CHONGQING TONGLIANG 6.80 02/11/25 CNY 41.06
CHONGQING WANSHENG E 7.09 05/03/25 CNY 40.13
CHONGQING WANSHENG E 7.09 05/03/25 CNY 40.18
CHONGQING WANSHENG E 7.50 03/27/25 CNY 41.73
CHONGQING WANSHENG E 7.50 03/27/25 CNY 42.00
CHONGQING WANSHENG E 6.60 02/17/27 CNY 61.15
CHONGQING WULONG DIS 6.80 12/28/24 CNY 40.00
CHONGQING WULONG DIS 6.80 09/21/24 CNY 40.15
CHONGQING WULONG DIS 6.80 09/21/24 CNY 40.36
CHONGQING WULONG DIS 6.80 12/28/24 CNY 40.94
CHONGQING YINGDI IND 7.00 11/07/24 CNY 40.00
CHONGQING YINGDI IND 7.00 11/07/24 CNY 40.39
CHONGQING YUDIAN STA 8.00 11/30/25 CNY 62.07
CHONGQING YUZHONG ST 6.90 02/08/25 CNY 41.57
CHONGQING YUZHONG ST 5.43 04/17/26 CNY 60.00
CHONGQING YUZHONG ST 5.43 04/17/26 CNY 61.64
CHONGREN URBAN CONST 7.00 03/08/25 CNY 40.99
CHUCHANG INVESTMENT 5.60 05/06/25 CNY 75.00
CHUN'AN XINANJIANG D 3.84 11/04/23 CNY 19.96
CHUN'AN XINANJIANG D 3.84 11/04/23 CNY 20.06
CHUYING AGRO-PASTORA 8.80 06/26/19 CNY 19.20
CHUZHOU CITY NANQIAO 5.95 10/23/24 CNY 40.00
CHUZHOU CITY NANQIAO 5.95 10/23/24 CNY 40.89
CIFI GROUP CO LTD 4.50 05/29/25 CNY 18.30
CIFI GROUP CO LTD 4.20 07/22/26 CNY 19.30
CIFI GROUP CO LTD 5.50 06/27/26 CNY 19.50
CIFI GROUP CO LTD 4.40 03/12/26 CNY 19.50
CIFI GROUP CO LTD 4.23 10/26/25 CNY 20.20
CIFI GROUP CO LTD 3.90 09/14/25 CNY 20.50
CIFI GROUP CO LTD 4.00 05/29/25 CNY 35.00
CITIC GUOAN GROUP CO 4.90 11/06/19 CNY 18.25
CITIC GUOAN GROUP CO 5.80 12/15/19 CNY 18.25
CITIC GUOAN GROUP CO 4.23 12/15/20 CNY 18.25
CITIC GUOAN GROUP CO 4.49 03/08/21 CNY 18.25
CIXI STATE OWNED ASS 4.90 04/07/24 CNY 20.20
CIXI STATE OWNED ASS 4.90 04/07/24 CNY 20.20
COUNTRY GARDEN REAL 4.80 06/15/26 CNY 30.50
COUNTRY GARDEN REAL 4.80 03/12/26 CNY 35.00
COUNTRY GARDEN REAL 4.15 11/03/25 CNY 42.00
COUNTRY GARDEN REAL 4.98 11/20/23 CNY 45.00
COUNTRY GARDEN REAL 4.38 09/24/25 CNY 47.10
DAFANG COUNTY CONSTR 6.00 09/26/23 CNY 19.82
DAFANG COUNTY CONSTR 6.00 09/26/23 CNY 20.09
DALI URBAN DEVELOPME 8.00 12/25/25 CNY 61.00
DALI URBAN DEVELOPME 8.00 12/25/25 CNY 62.66
DALIAN WANDA COMMERC 5.58 09/09/25 CNY 73.12
DANGTU COUNTY CONSTR 7.47 09/06/25 CNY 60.00
DANGTU COUNTY CONSTR 7.47 09/06/25 CNY 62.30
DANYANG INVESTMENT G 5.49 07/18/24 CNY 20.49
DASHIQIAO URBAN CONS 7.59 08/14/24 CNY 40.74
DASHIQIAO URBAN CONS 7.59 08/14/24 CNY 40.74
DAWA COUNTY CITY CON 7.80 01/30/26 CNY 58.80
DAWA COUNTY CITY CON 7.80 01/30/26 CNY 63.19
DAWA COUNTY LINGANG 5.99 10/19/24 CNY 40.52
DAWA COUNTY LINGANG 5.99 10/19/24 CNY 40.52
DAYE ZHENHENG CITY D 4.05 08/31/23 CNY 19.95
DAYE ZHENHENG CITY D 4.05 08/31/23 CNY 19.96
DAYE ZHENHENG CITY D 7.20 12/03/25 CNY 61.41
DAYE ZHENHENG CITY D 7.20 12/03/25 CNY 61.41
DAZHOU INVESTMENT CO 3.99 11/04/26 CNY 59.99
DAZHOU INVESTMENT CO 3.99 11/04/26 CNY 60.23
DAZHOU INVESTMENT CO 6.50 04/07/27 CNY 62.81
DAZHOU INVESTMENT CO 6.50 04/07/27 CNY 63.40
DEQING CONSTRUCTION 3.60 11/11/23 CNY 19.95
DEQING CONSTRUCTION 3.60 11/11/23 CNY 20.00
DING NAN CITY CONSTR 7.80 04/08/26 CNY 60.00
DING NAN CITY CONSTR 7.80 04/08/26 CNY 62.86
DINGYUAN URBAN RURAL 5.80 12/06/24 CNY 40.00
DINGYUAN URBAN RURAL 7.00 06/27/25 CNY 40.00
DINGYUAN URBAN RURAL 5.80 12/06/24 CNY 40.74
DINGYUAN URBAN RURAL 7.00 06/27/25 CNY 41.86
DONGTAI HUIMIN URBAN 5.37 03/08/26 CNY 61.84
DONGTAI HUIMIN URBAN 5.37 03/08/26 CNY 61.92
DONGTAI STATE-OWNED 3.04 11/16/23 CNY 20.08
DONGYING CAIJIN INVE 7.00 05/05/26 CNY 60.00
DONGYING CAIJIN INVE 7.30 05/05/26 CNY 60.00
DUJIANGYAN NEW CITY 6.90 10/19/24 CNY 40.00
DUJIANGYAN NEW CITY 7.80 05/02/25 CNY 40.00
DUJIANGYAN NEW CITY 6.90 10/19/24 CNY 40.17
DUJIANGYAN NEW CITY 7.80 05/02/25 CNY 41.76
DUJIANGYAN NEW CITY 7.80 10/11/25 CNY 58.00
DUJIANGYAN NEW CITY 7.80 10/11/25 CNY 62.51
EMEISHAN HUIYUAN PAR 6.50 03/28/27 CNY 72.95
ENSHI URBAN CONSTRUC 3.84 11/01/23 CNY 19.95
ENSHI URBAN CONSTRUC 3.84 11/01/23 CNY 19.96
EVERGRANDE REAL ESTA 6.98 07/08/24 CNY 27.00
EVERGRANDE REAL ESTA 7.00 04/27/26 CNY 27.68
EVERGRANDE REAL ESTA 5.90 05/26/24 CNY 35.00
EVERGRANDE REAL ESTA 6.80 05/06/24 CNY 35.69
EVERGRANDE REAL ESTA 5.80 10/19/25 CNY 70.00
EZHOU CITY CONSTRUCT 6.10 07/27/27 CNY 72.86
FANGCHENG GANGSHI WE 7.95 10/11/25 CNY 60.00
FANGCHENG GANGSHI WE 7.93 12/25/25 CNY 60.00
FANGCHENG GANGSHI WE 7.95 10/11/25 CNY 62.02
FANGCHENG GANGSHI WE 7.93 12/25/25 CNY 62.29
FANTASIA GROUP CHINA 7.80 11/29/24 CNY 44.83
FANTASIA GROUP CHINA 7.50 12/17/23 CNY 74.00
FENGDU COUNTY STATE- 6.38 09/05/24 CNY 40.00
FENGDU COUNTY STATE- 6.38 09/05/24 CNY 40.52
FENGHUANG MINGCHENG 6.50 03/23/24 CNY 20.21
FENGTAI HUAXING CITY 5.60 03/13/24 CNY 20.27
FENGTAI HUAXING CITY 5.60 03/13/24 CNY 20.28
FENGYANG COUNTY ECON 6.00 11/16/24 CNY 40.84
FENGYANG COUNTY ECON 6.00 11/16/24 CNY 42.00
FENYI CITY CONSTRUCT 4.54 08/22/23 CNY 20.01
FENYI CITY CONSTRUCT 4.54 08/22/23 CNY 20.03
FUJIAN FUSHENG GROUP 7.90 11/19/21 CNY 60.00
FUJIAN FUSHENG GROUP 7.90 12/17/21 CNY 70.99
FUJIAN JINJIANG INDU 4.00 02/19/25 CNY 70.51
FUJIAN JINJIANG INDU 4.00 02/19/25 CNY 70.54
FUJIAN JINJIANG URBA 3.35 08/24/23 CNY 20.00
FUJIAN JINJIANG URBA 3.35 08/24/23 CNY 20.01
FUJIAN ZHANGZHOU CIT 5.73 10/31/25 CNY 60.00
FUJIAN ZHANGZHOU CIT 5.73 10/31/25 CNY 61.27
FUNING URBAN INVESTM 6.00 03/14/24 CNY 20.31
FUNING URBAN INVESTM 6.00 03/14/24 CNY 20.41
FUZHOU DEVELOPMENT Z 3.53 08/25/23 CNY 20.00
FUZHOU DEVELOPMENT Z 3.53 08/25/23 CNY 20.00
FUZHOU DONGXIANG INV 6.20 03/20/24 CNY 20.34
FUZHOU DONGXIANG INV 6.20 03/20/24 CNY 20.35
FUZHOU LINCHUAN URBA 6.50 12/25/24 CNY 40.63
FUZHOU LINCHUAN URBA 8.00 02/26/26 CNY 62.53
FUZHOU MUNICIPAL STA 5.70 10/30/24 CNY 40.00
FUZHOU MUNICIPAL STA 5.70 10/30/24 CNY 40.80
GANZHOU DEVELOPMENT 8.10 12/11/23 CNY 20.43
GANZHOU NANKANG DIST 8.00 09/27/25 CNY 60.00
GANZHOU NANKANG DIST 8.00 10/29/25 CNY 60.00
GANZHOU NANKANG DIST 8.00 01/23/26 CNY 60.00
GANZHOU NANKANG DIST 8.00 09/27/25 CNY 60.66
GANZHOU NANKANG DIST 8.00 10/29/25 CNY 62.36
GANZHOU NANKANG DIST 8.00 01/23/26 CNY 62.78
GANZHOU ZHANGGONG CO 7.80 10/16/25 CNY 62.02
GANZHOU ZHANGGONG CO 7.80 10/16/25 CNY 62.68
GAOMI CITY CONSTRUCT 5.95 09/18/24 CNY 38.40
GAOMI CITY CONSTRUCT 5.95 09/18/24 CNY 39.24
GAOQING LU QING ASSE 7.50 09/27/24 CNY 40.48
GAOQING LU QING ASSE 7.50 09/27/24 CNY 41.04
GAOYOU CITY ECONOMY 3.65 09/02/23 CNY 20.00
GAOYOU CITY ECONOMY 3.65 09/02/23 CNY 20.00
GAOYOU CITY ECONOMY 5.26 07/13/24 CNY 20.30
GAOYOU CITY ECONOMY 5.26 07/13/24 CNY 40.47
GEMDALE CORP 3.58 02/23/25 CNY 61.80
GOME APPLIANCE CO LT 7.80 12/21/24 CNY 37.00
GONG'AN COUNTY CITY 4.30 08/30/23 CNY 19.99
GONG'AN COUNTY CITY 4.30 08/30/23 CNY 20.00
GUANGAN TRANSPORTATI 5.39 12/01/23 CNY 20.09
GUANGAN XINHONG INVE 7.18 08/28/24 CNY 40.00
GUANGAN XINHONG INVE 7.18 08/28/24 CNY 40.35
GUANGAN XINHONG INVE 7.50 06/03/26 CNY 60.00
GUANGAN XINHONG INVE 7.50 06/03/26 CNY 64.01
GUANGDE CITY STATE-O 5.37 07/18/24 CNY 20.16
GUANGDE CITY STATE-O 5.37 07/18/24 CNY 20.45
GUANGDONG GIANT LEAP 4.50 10/21/23 CNY 50.00
GUANGDONG HUIZHOU CO 4.95 12/27/23 CNY 20.03
GUANGDONG HUIZHOU CO 4.95 12/27/23 CNY 20.14
GUANGSHUI CITY DEVEL 6.19 03/01/24 CNY 20.26
GUANGSHUI CITY DEVEL 6.19 03/01/24 CNY 20.30
GUANGXI BAISE BAI DO 7.90 06/29/25 CNY 40.00
GUANGXI BAISE BAI DO 7.90 06/29/25 CNY 41.43
GUANGXI BAISE BAI DO 7.59 01/08/26 CNY 59.39
GUANGXI BAISE BAI DO 7.60 12/24/25 CNY 60.00
GUANGXI BAISE BAI DO 7.60 12/24/25 CNY 61.69
GUANGXI BAISE BAI DO 7.59 01/08/26 CNY 62.89
GUANGXI CHONGZUO URB 8.50 09/26/25 CNY 60.00
GUANGXI CHONGZUO URB 8.50 09/26/25 CNY 61.65
GUANGXI LIUZHOU DONG 6.50 07/24/24 CNY 23.71
GUANGXI NINGMING HUI 8.50 12/07/25 CNY 61.79
GUANGXI TIANDONG COU 7.50 06/04/27 CNY 45.00
GUANGYUAN CITY DEVEL 7.50 10/25/27 CNY 56.09
GUANGZHOU FINELAND R 13.60 07/27/23 USD 15.73
GUANGZHOU HEJING HOL 6.20 08/02/24 CNY 45.00
GUANGZHOU HEJING HOL 6.00 10/12/25 CNY 58.00
GUANGZHOU HEJING HOL 6.19 11/12/25 CNY 75.00
GUANGZHOU HUANTOU NA 6.38 11/18/24 CNY 30.54
GUANGZHOU HUANTOU NA 6.38 11/18/24 CNY 30.55
GUANGZHOU METRO GROU 6.45 04/02/24 CNY 15.00
GUANGZHOU METRO GROU 6.05 06/03/24 CNY 15.32
GUANGZHOU METRO GROU 6.45 04/02/24 CNY 15.32
GUANGZHOU PANYU INFO 4.50 09/08/26 CNY 60.83
GUANGZHOU PANYU INFO 4.50 09/08/26 CNY 60.83
GUANGZHOU R&F PROPER 7.00 09/16/26 CNY 28.00
GUANGZHOU R&F PROPER 7.00 09/16/26 CNY 30.80
GUANGZHOU R&F PROPER 6.70 09/16/25 CNY 40.00
GUANGZHOU R&F PROPER 6.70 09/16/25 CNY 59.06
GUANGZHOU TIANJIAN R 6.60 03/28/26 CNY 61.00
GUANGZHOU TIMES HOLD 5.94 07/17/25 CNY 34.64
GUANGZHOU TIMES HOLD 5.10 03/30/25 CNY 34.78
GUANGZHOU TIMES HOLD 5.24 05/27/25 CNY 34.86
GUANGZHOU TIMES HOLD 5.00 02/24/25 CNY 35.55
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 40.00
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 41.47
GUCHENG CONSTRUCTION 7.00 04/26/26 CNY 60.00
GUCHENG CONSTRUCTION 7.00 04/26/26 CNY 62.38
GUIXI STATE OWNED HO 4.18 08/18/23 CNY 20.00
GUIXI STATE OWNED HO 4.18 08/18/23 CNY 20.00
GUIYANG BAIYUN INDUS 8.30 03/21/25 CNY 40.00
GUIYANG BAIYUN INDUS 8.30 03/21/25 CNY 40.92
GUIYANG BAIYUN INDUS 7.50 03/06/26 CNY 60.00
GUIYANG BAIYUN INDUS 7.50 03/06/26 CNY 62.59
GUIYANG BAIYUN URBAN 6.48 07/17/24 CNY 20.00
GUIYANG BAIYUN URBAN 6.48 07/17/24 CNY 20.34
GUIYANG BAIYUN URBAN 7.28 09/25/24 CNY 40.00
GUIYANG BAIYUN URBAN 7.28 09/25/24 CNY 40.16
GUIYANG BAIYUN URBAN 4.75 09/13/26 CNY 55.20
GUIYANG BAIYUN URBAN 4.75 09/13/26 CNY 55.44
GUIYANG CITY CONSTRU 4.37 03/25/26 CNY 43.07
GUIYANG CITY CONSTRU 4.37 03/25/26 CNY 43.07
GUIYANG CITY CONSTRU 4.00 11/14/26 CNY 56.59
GUIYANG CITY CONSTRU 4.00 11/14/26 CNY 57.06
GUIYANG ECONOMIC DEV 6.35 09/21/24 CNY 38.89
GUIYANG ECONOMIC DEV 7.90 10/29/25 CNY 58.66
GUIYANG ECONOMIC DEV 7.50 04/30/26 CNY 61.15
GUIYANG ECONOMIC TEC 7.80 04/30/26 CNY 61.76
GUIYANG ECONOMIC TEC 7.80 04/30/26 CNY 63.72
GUIYANG GUANSHANHU D 6.49 06/22/24 CNY 19.51
GUIYANG GUANSHANHU D 6.49 06/22/24 CNY 19.67
GUIYANG GUANSHANHU I 8.20 04/30/24 CNY 40.51
GUIYANG INVESTMENT H 4.46 11/17/26 CNY 55.85
GUIYANG INVESTMENT H 4.46 11/17/26 CNY 56.12
GUIYANG URBAN CONSTR 5.98 07/21/24 CNY 20.00
GUIYANG URBAN CONSTR 5.98 07/21/24 CNY 20.39
GUIYANG YUNYAN GUIZH 6.80 11/17/24 CNY 40.00
GUIYANG YUNYAN GUIZH 6.80 11/17/24 CNY 40.68
GUIZHOU CHANGSHUN CO 8.50 03/19/26 CNY 60.00
GUIZHOU CHANGSHUN CO 8.50 03/19/26 CNY 63.60
GUIZHOU EAST LAKE CI 8.00 12/07/25 CNY 62.56
GUIZHOU EAST LAKE CI 8.00 12/07/25 CNY 62.57
GUIZHOU HONGCAI INVE 7.30 06/03/26 CNY 53.50
GUIZHOU HONGCAI INVE 7.30 06/03/26 CNY 61.19
GUIZHOU HONGGUO ECON 7.80 11/24/24 CNY 30.00
GUIZHOU HONGGUO ECON 7.80 02/08/25 CNY 37.10
GUIZHOU HONGGUO ECON 7.80 02/08/25 CNY 40.87
GUIZHOU HONGGUO ECON 7.80 11/24/24 CNY 41.04
GUIZHOU KAILI KAIYUA 7.30 05/26/24 CNY 20.45
GUIZHOU KAILI KAIYUA 7.30 05/26/24 CNY 20.53
GUIZHOU KAILI KAIYUA 7.28 08/29/24 CNY 38.03
GUIZHOU KAILI KAIYUA 7.28 08/29/24 CNY 40.73
GUIZHOU LIUPANSHUI P 7.30 07/24/24 CNY 18.96
GUIZHOU LIUPANSHUI P 7.30 07/24/24 CNY 38.50
GUIZHOU RAILWAY INVE 7.50 04/23/24 CNY 15.25
GUIZHOU RAILWAY INVE 7.50 04/23/24 CNY 15.35
GUIZHOU SHUICHENG CI 4.98 11/22/23 CNY 19.90
GUIZHOU SHUICHENG CI 4.98 11/22/23 CNY 20.02
GUIZHOU SHUICHENG EC 7.50 10/26/25 CNY 19.50
GUIZHOU SHUICHENG EC 7.50 10/26/25 CNY 62.42
GUIZHOU SHUICHENG WA 8.00 11/27/25 CNY 53.90
GUIZHOU SHUICHENG WA 8.00 11/27/25 CNY 61.36
GUIZHOU XINDONGGUAN 7.70 09/05/24 CNY 38.90
GUIZHOU XINDONGGUAN 7.70 09/05/24 CNY 40.84
GUIZHOU ZHONGSHAN DE 6.46 11/22/27 CNY 69.56
GUIZHOU ZHONGSHAN DE 6.46 11/22/27 CNY 70.00
GULIN STATE-OWNED AS 4.18 08/04/23 CNY 20.00
GULIN STATE-OWNED AS 4.18 08/04/23 CNY 20.00
GULIN STATE-OWNED AS 5.96 07/24/24 CNY 20.51
GULIN STATE-OWNED AS 5.96 07/24/24 CNY 44.51
HAIAN DEVELOPMENT ZO 4.47 11/16/23 CNY 20.03
HAIAN DEVELOPMENT ZO 4.47 11/16/23 CNY 20.05
HAIAN URBAN DEMOLITI 7.74 05/02/25 CNY 41.79
HAIAN URBAN DEMOLITI 5.37 12/21/25 CNY 61.45
HAIAN URBAN DEMOLITI 8.00 12/21/25 CNY 63.10
HAIKOU MEILAN INTERN 5.25 09/06/19 USD 1.00
HAINAN AIRLINES HOLD 6.20 05/24/21 CNY 51.00
HAINING CITY DEVELOP 5.47 11/13/25 CNY 60.00
HAINING CITY DEVELOP 5.47 11/13/25 CNY 61.47
HAINING CITY JIANSHA 6.15 11/15/25 CNY 60.00
HAINING CITY JIANSHA 6.15 11/15/25 CNY 62.12
HAINING CITY JIANSHA 6.98 09/10/25 CNY 62.14
HAIYAN COUNTY STATE- 5.80 06/12/24 CNY 20.52
HAIYAN COUNTY STATE- 5.80 06/12/24 CNY 20.54
HAMI JIANHUI STATE-O 3.90 09/21/23 CNY 20.00
HANCHENG CITY INVEST 4.69 12/05/23 CNY 19.89
HANCHENG CITY INVEST 4.69 12/05/23 CNY 20.05
HANDAN CONSTRUCTION 5.43 07/04/26 CNY 61.10
HANDAN CONSTRUCTION 5.43 07/04/26 CNY 62.20
HANGZHOU CANAL COMPR 3.40 10/17/23 CNY 20.01
HANGZHOU CANAL COMPR 3.40 10/17/23 CNY 20.02
HANGZHOU LIANGZHU CU 6.30 08/23/25 CNY 62.16
HANGZHOU LINPING TOU 5.57 10/31/25 CNY 61.42
HANGZHOU LINPING TOU 5.57 10/31/25 CNY 61.42
HANGZHOU METRO GROUP 5.97 09/17/24 CNY 30.29
HANGZHOU METRO GROUP 5.97 09/17/24 CNY 30.70
HANGZHOU MUNICIPAL C 5.64 03/19/25 CNY 41.31
HANJIANG STATE-OWNED 5.40 04/21/24 CNY 20.32
HANJIANG STATE-OWNED 5.40 04/21/24 CNY 20.42
HANJIANG STATE-OWNED 5.38 04/10/26 CNY 62.40
HANSHAN CITY CONSTRU 6.20 08/30/24 CNY 40.00
HANSHAN CITY CONSTRU 6.20 08/30/24 CNY 40.54
HARBIN CITY CONSTRUC 6.04 03/19/25 CNY 40.00
HARBIN CITY CONSTRUC 6.04 03/19/25 CNY 40.70
HARBIN HELI INVESTME 5.49 12/10/25 CNY 61.74
HECHI STATE-OWNED CA 4.37 11/04/23 CNY 20.04
HECHI STATE-OWNED CA 4.37 11/04/23 CNY 20.04
HEFEI CONSTRUCTION I 7.20 04/29/24 CNY 15.44
HEGANG URBAN CONSTRU 6.90 12/18/24 CNY 40.77
HEGANG URBAN CONSTRU 6.90 12/18/24 CNY 40.77
HENAN AIRPORT INVEST 4.27 07/20/26 CNY 29.04
HENAN AIRPORT INVEST 4.27 07/20/26 CNY 30.29
HENGDONG URBAN & RUR 6.60 12/27/23 CNY 20.26
HENGDONG URBAN & RUR 6.60 12/27/23 CNY 20.26
HENGYANG BINJIANG NE 5.47 07/27/24 CNY 40.30
HENGYANG BINJIANG NE 5.47 07/27/24 CNY 40.32
HENGYANG CITY AND UR 7.50 09/22/24 CNY 40.86
HENGYANG CITY AND UR 7.50 09/22/24 CNY 40.86
HENGYANG CITY AND UR 7.80 12/14/24 CNY 41.25
HENGYANG CITY AND UR 7.80 12/14/24 CNY 41.25
HESHAN PUBLIC ASSET 4.08 09/28/23 CNY 20.00
HESHAN PUBLIC ASSET 4.08 09/28/23 CNY 20.04
HESHAN PUBLIC ASSET 5.08 12/07/23 CNY 20.10
HESHAN PUBLIC ASSET 5.08 12/07/23 CNY 20.17
HEXIAN CITY CONSTRUC 7.20 04/26/26 CNY 63.14
HEXIAN CITY CONSTRUC 7.20 04/26/26 CNY 63.14
HONGAN URBAN DEVELOP 7.50 12/04/24 CNY 40.00
HONGAN URBAN DEVELOP 7.50 12/04/24 CNY 41.06
HONGHEZHOU DEVELOPME 5.90 07/12/24 CNY 20.46
HONGHU CITY HONGRUI 6.30 10/13/24 CNY 40.73
HONGHU CITY HONGRUI 6.30 10/13/24 CNY 40.74
HUACHEN ENERGY CO LT 4.65 12/29/26 USD 48.28
HUAIAN HONGRI TRANSP 7.19 05/06/26 CNY 60.00
HUAIAN HONGRI TRANSP 7.19 05/06/26 CNY 63.12
HUAI'AN INVESTMENT H 5.28 08/11/24 CNY 40.00
HUAI'AN INVESTMENT H 5.28 08/11/24 CNY 40.44
HUAIAN JINHU TRAFFIC 7.38 08/10/25 CNY 61.74
HUAIAN JINHU TRAFFIC 7.38 08/10/25 CNY 72.00
HUAI'AN NEW CITY INV 5.22 09/20/24 CNY 40.52
HUAI'AN NEW CITY INV 5.22 09/20/24 CNY 40.61
HUAIAN NEW URBANIZAT 5.98 12/20/24 CNY 70.97
HUAIAN QINGPU CITY C 6.75 09/29/24 CNY 40.52
HUAIAN QINGPU CITY C 6.75 09/29/24 CNY 40.59
HUAIHUA CITY CONSTRU 4.18 08/31/23 CNY 19.99
HUAIHUA CITY CONSTRU 4.18 08/31/23 CNY 20.01
HUAIHUA ECONOMIC DEV 5.77 08/07/24 CNY 40.29
HUAINAN INDUSTRY DEV 5.69 10/25/24 CNY 40.62
HUAINAN INDUSTRY DEV 5.69 10/25/24 CNY 41.78
HUAINAN SHAN NAN DEV 6.53 08/24/24 CNY 40.35
HUAINAN SHAN NAN DEV 6.53 08/24/24 CNY 40.35
HUAINAN SHAN NAN DEV 7.94 04/01/26 CNY 60.00
HUAINAN SHAN NAN DEV 7.94 04/01/26 CNY 62.77
HUAINAN URBAN CONSTR 7.50 03/20/25 CNY 40.00
HUAINAN URBAN CONSTR 5.74 09/04/24 CNY 40.51
HUAINAN URBAN CONSTR 5.74 09/04/24 CNY 40.92
HUAINAN URBAN CONSTR 7.50 03/20/25 CNY 41.74
HUAINAN URBAN CONSTR 7.02 03/22/26 CNY 63.27
HUAINAN URBAN CONSTR 7.58 02/12/26 CNY 63.50
HUAIYUAN URBAN INVES 5.17 01/23/26 CNY 61.61
HUANGMEI COUNTY URBA 6.80 10/09/24 CNY 40.00
HUANGMEI COUNTY URBA 6.68 10/18/24 CNY 40.00
HUANGMEI COUNTY URBA 6.80 10/09/24 CNY 40.53
HUANGMEI COUNTY URBA 6.68 10/18/24 CNY 40.53
HUANGSHAN CHENGTOU G 6.74 04/27/25 CNY 40.00
HUANGSHAN CHENGTOU G 6.74 04/27/25 CNY 41.69
HUANGSHI ZHONGBANG C 5.95 06/02/24 CNY 20.45
HUANGSHI ZHONGBANG C 5.95 06/02/24 CNY 21.50
HUBEI DAYE LAKE HIGH 7.50 04/01/26 CNY 58.08
HUBEI DAYE LAKE HIGH 6.98 01/30/26 CNY 60.00
HUBEI DAYE LAKE HIGH 6.98 01/30/26 CNY 60.91
HUBEI JIAKANG CONSTR 7.80 12/19/25 CNY 62.92
HUBEI PROVINCIAL COM 5.29 06/05/25 CNY 41.13
HUBEI SONGZI JINSONG 6.60 06/21/24 CNY 20.29
HUBEI SONGZI JINSONG 6.60 06/21/24 CNY 20.35
HUBEI SUPPLY AND MAR 6.70 08/23/24 CNY 40.49
HUBEI SUPPLY AND MAR 6.70 08/23/24 CNY 40.58
HUBEI YILING ECONOMI 6.45 09/05/24 CNY 40.00
HUBEI YILING ECONOMI 6.45 09/05/24 CNY 40.48
HUBEI YILING ECONOMI 7.50 03/28/26 CNY 60.00
HUBEI YILING ECONOMI 7.50 03/28/26 CNY 62.45
HULUDAO INVESTMENT G 7.50 10/18/23 CNY 14.89
HULUDAO INVESTMENT G 7.50 10/18/23 CNY 15.05
HUNAN CHUZHISHENG HO 7.50 03/27/26 CNY 60.00
HUNAN CHUZHISHENG HO 7.50 03/27/26 CNY 63.71
HUNAN DESHAN CONSTRU 6.46 09/14/24 CNY 40.22
HUNAN DESHAN CONSTRU 6.46 09/14/24 CNY 40.57
HUNAN LINGANG DEVELO 3.94 10/26/23 CNY 19.99
HUNAN LINGANG DEVELO 3.94 10/26/23 CNY 19.99
HUNAN MEISHAN RESOUR 8.00 03/21/26 CNY 60.00
HUNAN MEISHAN RESOUR 8.00 03/21/26 CNY 63.96
HUNAN PROVINCIAL RAI 6.09 04/30/25 CNY 30.00
HUNAN PROVINCIAL RAI 6.09 04/30/25 CNY 31.10
HUNAN SENTE INDUSTRI 6.90 11/28/24 CNY 20.00
HUNAN SENTE INDUSTRI 6.90 11/28/24 CNY 40.69
HUNAN SENTE INDUSTRI 7.30 06/06/26 CNY 60.00
HUNAN SENTE INDUSTRI 7.30 06/06/26 CNY 62.76
HUNAN SHAODONG ECO-I 6.58 12/13/23 CNY 20.15
HUNAN SHAODONG ECO-I 6.58 12/13/23 CNY 20.15
HUNAN TIANYI RONGTON 7.50 09/17/25 CNY 60.00
HUNAN TIANYI RONGTON 7.50 09/17/25 CNY 62.05
HUNAN TIANYI RONGTON 8.00 10/24/25 CNY 62.29
HUNAN TIANYI RONGTON 8.00 10/24/25 CNY 62.75
HUNAN XUANDA CONSTRU 7.50 01/23/26 CNY 60.00
HUNAN XUANDA CONSTRU 7.50 01/24/26 CNY 60.00
HUNAN XUANDA CONSTRU 7.50 01/23/26 CNY 60.53
HUNAN XUANDA CONSTRU 7.50 01/24/26 CNY 61.35
HUNAN ZHIGU INVESTME 5.80 07/28/24 CNY 40.00
HUNAN ZHIGU INVESTME 5.80 07/28/24 CNY 40.46
HUZHOU CITY INVESTME 5.30 05/06/26 CNY 62.30
HUZHOU CITY INVESTME 6.39 09/25/25 CNY 62.47
HUZHOU NEW CITY INVE 6.00 03/26/24 CNY 38.85
HUZHOU NEW CITY INVE 7.50 11/23/24 CNY 41.28
HUZHOU NEW CITY INVE 7.50 11/23/24 CNY 41.50
HUZHOU WUXING NANTAI 7.90 09/20/25 CNY 62.20
JIAHE ZHUDU DEVELOPM 6.50 05/25/24 CNY 20.31
JIAHE ZHUDU DEVELOPM 6.50 05/25/24 CNY 20.33
JIAHE ZHUDU DEVELOPM 7.50 03/13/25 CNY 40.00
JIAHE ZHUDU DEVELOPM 7.50 03/13/25 CNY 41.01
JIANAN INVESTMENT HO 3.50 09/05/23 CNY 20.00
JIANAN INVESTMENT HO 3.85 09/05/23 CNY 20.01
JIANAN INVESTMENT HO 3.50 09/05/23 CNY 20.02
JIANAN INVESTMENT HO 3.85 09/05/23 CNY 20.04
JIANDE CITY CONSTRUC 7.43 01/03/26 CNY 62.22
JIANDE CITY CONSTRUC 7.43 01/03/26 CNY 63.33
JIANDE STATE-OWNED A 6.69 11/20/24 CNY 41.15
JIANGSU DAHANG LINGA 5.18 09/22/23 CNY 20.03
JIANGSU DAHANG LINGA 5.18 09/22/23 CNY 20.04
JIANGSU GAOCHUN ECON 3.67 09/23/23 CNY 20.00
JIANGSU GAOCHUN ECON 3.67 09/23/23 CNY 20.00
JIANGSU GAOCHUN ECON 3.92 11/23/23 CNY 20.01
JIANGSU GAOCHUN ECON 3.92 11/23/23 CNY 20.09
JIANGSU GAOCHUN ECON 5.66 06/26/24 CNY 20.50
JIANGSU GAOCHUN ECON 5.66 06/26/24 CNY 20.52
JIANGSU GAOCHUN ECON 6.08 08/14/24 CNY 39.57
JIANGSU GAOCHUN ECON 6.08 08/14/24 CNY 40.55
JIANGSU HAIRUN CITY 5.20 04/02/26 CNY 60.50
JIANGSU HAIRUN CITY 5.20 04/02/26 CNY 61.90
JIANGSU HAIYI HOLDIN 5.98 09/11/25 CNY 60.83
JIANGSU HAIZHOUWAN D 7.30 02/15/26 CNY 59.63
JIANGSU HAIZHOUWAN D 5.18 12/13/25 CNY 61.22
JIANGSU HAIZHOUWAN D 7.30 02/15/26 CNY 62.83
JIANGSU HANRUI INVES 5.00 08/31/23 CNY 20.02
JIANGSU HANRUI INVES 5.00 08/31/23 CNY 20.03
JIANGSU HONGZE LAKE 6.50 08/01/24 CNY 40.45
JIANGSU JINHUI GROUP 5.16 07/14/24 CNY 20.35
JIANGSU JINHUI GROUP 5.16 07/14/24 CNY 20.64
JIANGSU JINTAN GUOFA 4.60 08/22/23 CNY 20.01
JIANGSU JINTAN GUOFA 4.60 08/22/23 CNY 20.03
JIANGSU KAIYUAN INVE 7.08 08/03/24 CNY 40.26
JIANGSU KAIYUAN INVE 7.08 08/03/24 CNY 40.48
JIANGSU LIYANG HIGH- 5.70 08/30/24 CNY 40.59
JIANGSU LIYANG HIGH- 5.70 08/30/24 CNY 41.60
JIANGSU RUNCHENG ASS 5.65 04/19/24 CNY 20.32
JIANGSU TAODU URBAN 5.99 04/13/25 CNY 41.35
JIANGSU WUZHONG ECON 5.26 12/25/25 CNY 60.00
JIANGSU WUZHONG ECON 5.26 12/25/25 CNY 61.60
JIANGSU XIANXING CON 5.37 12/20/25 CNY 61.51
JIANGSU XIANXING CON 5.37 12/20/25 CNY 61.70
JIANGSU YANGKOU PORT 7.38 04/03/25 CNY 41.73
JIANGSU YANGKOU PORT 7.38 04/03/25 CNY 42.50
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 62.46
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 62.50
JIANGSU YINGZHOU DEV 4.33 09/21/23 CNY 19.97
JIANGSU YINGZHOU DEV 4.33 09/21/23 CNY 19.98
JIANGSU YIXING ENVIR 4.08 09/14/23 CNY 20.00
JIANGSU YIXING ENVIR 4.08 09/14/23 CNY 20.05
JIANGSU ZHONGAN CONS 5.65 03/24/24 CNY 20.29
JIANGSU ZHONGAN CONS 5.65 03/24/24 CNY 20.44
JIANGSU ZHONGNAN CON 7.30 03/17/25 CNY 71.98
JIANGXI HUANGGANGSHA 7.90 10/08/25 CNY 61.57
JIANGXI HUANGGANGSHA 7.90 10/08/25 CNY 63.00
JIANGXI HUANGGANGSHA 7.48 04/12/26 CNY 63.40
JIANGXI HUANGGANGSHA 7.90 01/25/26 CNY 63.62
JIANGXI HUKOU SHIZHO 6.80 12/01/24 CNY 40.71
JIANGXI HUKOU SHIZHO 6.80 12/01/24 CNY 41.05
JIANGXI JIHU DEVELOP 6.80 02/07/25 CNY 40.00
JIANGXI JIHU DEVELOP 7.50 04/10/25 CNY 40.00
JIANGXI JIHU DEVELOP 6.80 02/07/25 CNY 40.84
JIANGXI JIHU DEVELOP 7.50 04/10/25 CNY 41.23
JIANGXI PINGXIANG CH 6.00 08/11/24 CNY 40.00
JIANGXI PINGXIANG CH 6.00 08/11/24 CNY 40.33
JIANGXI WANNIAN STAT 7.20 06/03/26 CNY 59.50
JIANGXI WANNIAN STAT 7.20 06/03/26 CNY 61.67
JIANGXI XIUSHUI CITY 7.40 12/08/24 CNY 40.85
JIANLI FENGYUAN CITY 6.78 04/28/24 CNY 20.37
JIANLI FENGYUAN CITY 6.78 04/28/24 CNY 20.40
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 60.00
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 62.37
JIANYANG DEVELOPMENT 3.93 11/10/23 CNY 19.93
JIANYANG DEVELOPMENT 3.93 11/10/23 CNY 19.94
JIANYANG DEVELOPMENT 6.17 03/12/26 CNY 61.89
JIANYANG DEVELOPMENT 6.17 03/12/26 CNY 63.50
JIANYANG MODERN INDU 6.00 04/24/24 CNY 20.20
JIANYANG MODERN INDU 6.00 04/24/24 CNY 20.28
JIAXING JIAXIU DEVEL 5.60 09/25/24 CNY 40.69
JIAXING JIAXIU DEVEL 5.60 09/25/24 CNY 41.80
JIAXING XIANGJIADANG 3.87 09/21/23 CNY 19.99
JIAXING XIANGJIADANG 3.87 09/21/23 CNY 20.05
JIAXING XIANGJIADANG 6.40 04/19/25 CNY 40.00
JIAXING XIANGJIADANG 6.40 04/19/25 CNY 41.40
JIAXING XIUHU DEVELO 6.80 04/16/25 CNY 40.00
JIAXING XIUHU DEVELO 6.80 04/16/25 CNY 41.61
JIAYU COUNTY URBAN T 5.70 03/23/24 CNY 20.13
JIAYU COUNTY URBAN T 6.50 01/19/24 CNY 20.18
JIAYU COUNTY URBAN T 5.70 03/23/24 CNY 20.21
JIAYU COUNTY URBAN T 6.50 01/19/24 CNY 20.23
JIN HUA RONG SHENG I 6.85 12/27/24 CNY 40.00
JIN HUA RONG SHENG I 6.85 12/27/24 CNY 41.25
JINGDEZHEN CERAMIC C 7.50 08/27/25 CNY 60.82
JINGDEZHEN CERAMIC C 7.50 08/27/25 CNY 62.06
JINGDEZHEN CITY CONS 7.49 01/08/26 CNY 60.00
JINGDEZHEN CITY CONS 7.49 01/08/26 CNY 60.52
JINGGANGSHAN STATE-O 7.00 04/01/26 CNY 60.00
JINGGANGSHAN STATE-O 7.00 04/01/26 CNY 61.64
JINGJIANG BINJIANG X 5.37 07/25/24 CNY 40.34
JINGJIANG BINJIANG X 5.37 07/25/24 CNY 40.35
JINGJIANG BINJIANG X 5.20 06/10/29 CNY 72.82
JINGMEN DONGBAO DIST 7.30 03/23/25 CNY 40.00
JINGMEN DONGBAO DIST 7.30 03/23/25 CNY 41.58
JINGMEN HIGH-TECH DE 4.15 07/28/23 CNY 20.00
JINGMEN HIGH-TECH DE 4.15 07/28/23 CNY 20.00
JINGSHAN JINGCHENG I 4.38 08/29/23 CNY 20.01
JINGSHAN JINGCHENG I 4.38 08/29/23 CNY 20.02
JINGSHAN JINGCHENG I 7.00 02/07/25 CNY 40.00
JINGSHAN JINGCHENG I 7.00 02/07/25 CNY 41.05
JINGXIAN STATED-OWNE 6.80 02/09/25 CNY 40.00
JINGXIAN STATED-OWNE 6.80 02/09/25 CNY 40.67
JINGZHOU DEVELOPMENT 4.87 09/23/26 CNY 59.32
JINGZHOU DEVELOPMENT 4.87 09/23/26 CNY 59.70
JINGZHOU JINGZHOU DI 7.20 02/01/26 CNY 61.61
JINGZHOU JINGZHOU DI 7.20 02/01/26 CNY 62.65
JINGZHOU URBAN CONST 5.68 07/20/24 CNY 20.56
JINGZHOU URBAN CONST 5.68 07/20/24 CNY 21.70
JINING CITY SHIZHONG 3.52 09/14/23 CNY 19.95
JINING CITY SHIZHONG 3.52 09/14/23 CNY 20.00
JINING NEW CITY DEVE 7.60 03/23/25 CNY 40.00
JINING NEW CITY DEVE 7.60 03/23/25 CNY 40.67
JINING NEW CITY DEVE 7.30 05/06/26 CNY 60.00
JINING NEW CITY DEVE 7.30 05/06/26 CNY 62.65
JINKE PROPERTIES GRO 6.30 06/24/25 CNY 8.00
JINKE PROPERTIES GRO 6.30 03/04/25 CNY 10.00
JINKE PROPERTIES GRO 6.85 05/28/24 USD 10.97
JINKE PROPERTIES GRO 6.20 01/28/25 CNY 35.00
JINKE PROPERTIES GRO 6.30 02/20/25 CNY 35.00
JINSHA COUNTY CONSTR 6.01 09/05/23 CNY 20.02
JINSHA COUNTY CONSTR 6.01 09/05/23 CNY 20.04
JINXIAN COUNTY CITY 6.20 07/24/24 CNY 20.42
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 60.92
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 62.71
JINZHOU CIHANG GROUP 9.00 04/05/20 CNY 33.63
JISHOU HUATAI STATE 6.50 06/21/24 CNY 20.24
JISHOU HUATAI STATE 6.50 06/21/24 CNY 20.39
JISHOU HUATAI STATE 6.45 09/11/24 CNY 40.00
JISHOU HUATAI STATE 6.45 09/11/24 CNY 40.66
JUNAN COUNTY URBAN C 7.50 09/26/24 CNY 39.85
JUNAN COUNTY URBAN C 7.50 09/26/24 CNY 40.87
JURONG URBAN CONSTRU 6.80 11/06/24 CNY 40.00
JURONG URBAN CONSTRU 6.89 09/18/24 CNY 40.69
JURONG URBAN CONSTRU 6.80 11/06/24 CNY 40.79
JURONG URBAN CONSTRU 6.89 09/18/24 CNY 40.80
JURONG URBAN CONSTRU 4.98 07/23/26 CNY 61.68
KAIDI ECOLOGICAL AND 6.10 09/07/19 CNY 2.92
KAIDI ECOLOGICAL AND 7.00 12/15/19 CNY 10.00
KAIDI ECOLOGICAL AND 8.50 11/21/18 CNY 72.46
KAIFENG DEVELOPMENT 6.10 09/08/27 CNY 70.00
KAIFENG DEVELOPMENT 6.10 09/08/27 CNY 72.35
KAIFU CITY DEVELOPME 3.73 08/22/23 CNY 20.00
KAIFU CITY DEVELOPME 3.73 08/22/23 CNY 20.02
KAILI GUIZHOU TOWN C 4.20 10/13/23 CNY 19.98
KAILI GUIZHOU TOWN C 4.20 10/13/23 CNY 19.98
KANGMEI PHARMACEUTIC 6.28 03/20/21 CNY 20.50
KANGMEI PHARMACEUTIC 6.10 03/28/21 CNY 20.50
KANGMEI PHARMACEUTIC 5.50 04/20/21 CNY 20.50
KANGMEI PHARMACEUTIC 7.00 06/21/21 CNY 20.50
KANGMEI PHARMACEUTIC 6.80 06/28/21 CNY 20.50
KANGMEI PHARMACEUTIC 6.33 01/27/22 CNY 20.50
KANGMEI PHARMACEUTIC 5.20 07/17/22 CNY 20.50
KANGMEI PHARMACEUTIC 5.29 08/16/22 CNY 20.50
KANGMEI PHARMACEUTIC 5.47 09/15/22 CNY 20.50
KUNMING AIRPORT INVE 7.50 01/28/26 CNY 55.50
KUNMING DIANCHI INVE 5.75 07/24/24 CNY 37.84
KUNMING DIANCHI INVE 5.75 07/24/24 CNY 38.89
KUNSHAN CITY CONSTRU 5.70 04/24/25 CNY 41.00
KUNSHAN YINQIAO HOLD 5.50 10/18/24 CNY 40.49
KUNSHAN YINQIAO HOLD 5.50 10/18/24 CNY 44.10
LAI AN URBAN INFRAST 6.50 04/18/25 CNY 41.52
LAI AN URBAN INFRAST 6.50 04/18/25 CNY 41.66
LANLING COUNTY STATE 7.45 03/28/26 CNY 62.69
LAOHEKOU CITY CONSTR 6.49 08/16/24 CNY 39.96
LAOHEKOU CITY CONSTR 6.49 08/16/24 CNY 40.00
LAOHEKOU CITY CONSTR 7.50 06/09/24 CNY 70.06
LEPING STATE-OWNED A 3.70 10/20/23 CNY 19.96
LEPING STATE-OWNED A 3.70 10/20/23 CNY 20.03
LETING INVESTMENT GR 7.50 04/11/26 CNY 59.80
LETING INVESTMENT GR 7.50 04/11/26 CNY 63.20
LIANYUNGANG HENGCHI 7.40 10/27/24 CNY 40.00
LIANYUNGANG HENGCHI 7.45 09/22/24 CNY 40.17
LIANYUNGANG HENGCHI 7.45 09/22/24 CNY 40.18
LIANYUNGANG HENGCHI 7.40 10/27/24 CNY 40.30
LIANYUNGANG JINDONGF 5.37 06/20/26 CNY 61.52
LIANYUNGANG JINDONGF 5.37 06/20/26 CNY 62.01
LIANYUNGANG XIANGYUN 7.03 03/04/26 CNY 60.15
LIANYUNGANG XIANGYUN 7.03 03/04/26 CNY 62.11
LIAONING GUANLONG CO 4.70 11/10/23 CNY 20.00
LIAONING GUANLONG CO 4.70 11/10/23 CNY 20.00
LIJIN CITY CONSTRUCT 7.50 12/20/25 CNY 60.00
LIJIN CITY CONSTRUCT 7.50 04/26/26 CNY 60.00
LIJIN CITY CONSTRUCT 7.50 12/20/25 CNY 62.15
LIJIN CITY CONSTRUCT 7.50 04/26/26 CNY 62.88
LINFEN YAODU DISTRIC 7.50 09/19/25 CNY 62.60
LINQU YISHAN INDUSTR 7.20 11/23/24 CNY 40.00
LINQU YISHAN INDUSTR 7.20 11/23/24 CNY 41.07
LINWU SHUNFA URBAN C 7.00 08/23/24 CNY 40.00
LINWU SHUNFA URBAN C 7.00 08/23/24 CNY 40.62
LINYI CITY DEVELOPME 3.85 11/22/23 CNY 19.95
LINYI CITY DEVELOPME 3.85 11/22/23 CNY 20.06
LINYI COUNTY CITY DE 7.78 03/21/25 CNY 40.00
LINYI COUNTY CITY DE 7.78 03/21/25 CNY 41.68
LINYI ZHENDONG CONST 7.50 11/26/25 CNY 60.00
LINYI ZHENDONG CONST 7.50 12/06/25 CNY 60.00
LINYI ZHENDONG CONST 7.50 11/26/25 CNY 60.68
LINYI ZHENDONG CONST 7.50 12/06/25 CNY 62.19
LIUPANSHUI CITY TRAF 5.98 05/02/24 CNY 20.15
LIUPANSHUI CITY TRAF 5.98 05/02/24 CNY 20.20
LIUYANG MODERN MANUF 5.75 05/02/24 CNY 20.33
LIUYANG MODERN MANUF 5.75 05/02/24 CNY 20.34
LIUYANG MODERN MANUF 5.88 08/10/24 CNY 40.56
LIUYANG MODERN MANUF 5.88 08/10/24 CNY 40.60
LIUZHI SPECIAL DISTR 7.00 11/16/24 CNY 40.00
LIUZHI SPECIAL DISTR 7.00 11/16/24 CNY 40.52
LIUZHOU LONGJIAN INV 8.28 04/30/24 CNY 14.90
LIUZHOU LONGJIAN INV 7.00 09/21/27 CNY 69.88
LONGCHANG DEVELOPMEN 7.09 10/31/24 CNY 40.00
LONGCHANG DEVELOPMEN 7.09 10/31/24 CNY 41.00
LOUDI WANBAO NEW DIS 4.42 08/01/23 CNY 20.00
LOUDI WANBAO NEW DIS 4.42 08/01/23 CNY 20.00
LU'AN JIN'AN DISTRIC 5.95 07/24/24 CNY 40.60
LUANCHUAN COUNTY TIA 8.50 01/23/26 CNY 60.00
LUANCHUAN COUNTY TIA 8.50 01/23/26 CNY 61.56
LUJIANG CITY CONSTRU 5.89 05/02/25 CNY 41.52
LUJIANG CITY CONSTRU 5.89 05/02/25 CNY 41.55
LUOHE ECONOMIC DEVEL 7.50 12/18/25 CNY 62.67
LUOHE ECONOMIC DEVEL 7.50 12/18/25 CNY 62.67
LUOYANG SHENGSHI URB 7.06 04/11/26 CNY 61.08
LUOYANG SHENGSHI URB 7.06 04/11/26 CNY 62.00
LUOYANG XIYUAN STATE 7.50 11/15/25 CNY 59.34
LUOYANG XIYUAN STATE 7.80 01/29/26 CNY 59.60
LUOYANG XIYUAN STATE 7.80 01/29/26 CNY 62.65
LUOYANG XIYUAN STATE 7.50 11/15/25 CNY 66.50
LUXI URBAN CONSTRUCT 6.80 10/27/24 CNY 40.00
LUXI URBAN CONSTRUCT 6.80 10/27/24 CNY 40.57
LUZHOU CONSTRUCTION 4.75 07/21/27 CNY 70.30
LUZHOU FUYANG INVEST 5.00 08/11/23 CNY 20.00
LUZHOU FUYANG INVEST 5.00 08/11/23 CNY 20.01
LUZHOU HUIXING INVES 6.28 10/19/24 CNY 40.60
LUZHOU HUIXING INVES 6.28 10/19/24 CNY 40.65
LUZHOU INDUSTRIAL DE 7.20 04/12/25 CNY 40.00
LUZHOU INDUSTRIAL DE 7.20 04/12/25 CNY 40.91
LUZHOU LIN GANG INVE 7.00 12/01/24 CNY 40.00
LUZHOU LIN GANG INVE 7.00 12/01/24 CNY 40.49
LUZHOU LIN GANG INVE 7.10 02/07/25 CNY 40.92
LUZHOU LIN GANG INVE 7.10 02/07/25 CNY 40.92
LUZHOU XINGLU INVEST 6.41 04/23/25 CNY 30.00
LUZHOU XINGLU INVEST 6.41 04/23/25 CNY 31.24
MA'ANSHAN CIHU HIGH 3.90 11/28/23 CNY 20.00
MA'ANSHAN CIHU HIGH 3.90 11/28/23 CNY 20.09
MAANSHAN NINGBO INVE 7.50 04/18/26 CNY 24.00
MAANSHAN NINGBO INVE 7.80 11/29/25 CNY 60.00
MAANSHAN NINGBO INVE 7.80 11/29/25 CNY 62.81
MAANSHAN NINGBO INVE 7.50 04/18/26 CNY 63.28
MAANSHAN SOUTHERN IN 4.53 07/25/23 CNY 20.00
MAANSHAN SOUTHERN IN 4.43 09/02/23 CNY 20.00
MAANSHAN SOUTHERN IN 4.53 07/25/23 CNY 20.01
MAANSHAN SOUTHERN IN 4.43 09/02/23 CNY 20.02
MAANSHAN YUSHAN CITY 5.62 07/31/24 CNY 40.19
MAANSHAN YUSHAN CITY 5.62 07/31/24 CNY 40.20
MAANSHAN YUSHAN CITY 5.85 09/22/24 CNY 40.30
MAANSHAN YUSHAN CITY 5.85 09/22/24 CNY 40.31
MA'ANSHAN ZHENGPU HA 6.80 03/19/25 CNY 40.00
MA'ANSHAN ZHENGPU HA 6.00 10/13/24 CNY 40.61
MA'ANSHAN ZHENGPU HA 6.80 03/19/25 CNY 41.37
MEISHAN CITY DONGPO 8.08 08/16/25 CNY 60.00
MEISHAN CITY DONGPO 8.00 01/03/26 CNY 60.00
MEISHAN CITY DONGPO 8.08 08/16/25 CNY 62.37
MEISHAN CITY DONGPO 8.00 01/03/26 CNY 63.15
MEISHAN MINDONG DEVE 6.78 08/08/24 CNY 40.30
MEISHAN MINDONG DEVE 6.78 08/08/24 CNY 40.30
MEISHAN MINDONG DEVE 7.30 05/20/25 CNY 70.00
MEISHAN MINDONG DEVE 7.30 05/20/25 CNY 72.62
MENGCHENG COUNTY URB 5.60 09/21/24 CNY 40.48
MENGZHOU INVESTMENT 8.00 09/03/25 CNY 60.00
MENGZHOU INVESTMENT 8.00 11/06/25 CNY 60.00
MENGZHOU INVESTMENT 8.00 09/03/25 CNY 62.42
MENGZHOU INVESTMENT 8.00 11/06/25 CNY 62.81
MENGZI CITY DEVELOPM 7.65 09/25/24 CNY 40.90
MENGZI CITY DEVELOPM 7.65 09/25/24 CNY 40.90
MENGZI CITY DEVELOPM 8.00 03/25/26 CNY 55.50
MENGZI CITY DEVELOPM 8.00 03/25/26 CNY 63.67
MIAN YANG ECONOMIC D 8.20 03/15/26 CNY 60.00
MIAN YANG ECONOMIC D 8.20 03/15/26 CNY 62.50
MIANYANG ANZHOU INVE 8.10 05/04/25 CNY 40.50
MIANYANG ANZHOU INVE 8.10 05/04/25 CNY 41.43
MIANYANG ANZHOU INVE 8.10 11/22/25 CNY 60.00
MIANYANG ANZHOU INVE 8.10 11/22/25 CNY 62.59
MIANYANG HONGDA ASSE 7.20 09/29/24 CNY 40.00
MIANYANG HONGDA ASSE 7.20 09/29/24 CNY 40.67
MIANYANG HUIDONG INV 8.10 02/10/25 CNY 41.76
MIANYANG HUIDONG INV 8.10 04/28/25 CNY 42.24
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 62.51
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 62.51
MILE AGRICULTURAL IN 7.60 02/27/26 CNY 60.00
MILE AGRICULTURAL IN 8.00 10/25/25 CNY 61.15
MILE AGRICULTURAL IN 8.00 10/25/25 CNY 62.78
MILE AGRICULTURAL IN 7.60 02/27/26 CNY 63.15
MINGGUANG YUELONG IN 6.54 05/03/25 CNY 41.63
MUDANJIANG LONGSHENG 7.50 09/27/25 CNY 62.27
MUNICIPALITY OF SHEN 3.27 03/29/24 CNY 30.00
MUNICIPALITY OF SHEN 3.27 03/29/24 CNY 30.00
MUNICIPALITY OF SHEN 3.27 03/29/24 CNY 30.23
MUNICIPALITY OF SHEN 3.34 06/18/24 CNY 33.32
MUNICIPALITY OF SHEN 3.34 06/18/24 CNY 33.32
MUNICIPALITY OF SHEN 3.15 01/14/25 CNY 33.33
MUNICIPALITY OF SHEN 3.15 01/14/25 CNY 33.33
MUNICIPALITY OF SHEN 3.15 01/14/25 CNY 33.51
MUNICIPALITY OF SHEN 3.34 06/18/24 CNY 33.68
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 37.50
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 37.50
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 38.04
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 39.32
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 39.32
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 39.85
MUNICIPALITY OF SHEN 3.31 01/14/27 CNY 50.00
MUNICIPALITY OF SHEN 3.31 01/14/27 CNY 50.00
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 50.42
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 50.42
MUNICIPALITY OF SHEN 3.31 01/14/27 CNY 50.80
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 51.09
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 60.00
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 60.00
MUNICIPALITY OF SHEN 3.50 06/18/29 CNY 60.00
MUNICIPALITY OF SHEN 3.50 06/18/29 CNY 60.00
MUNICIPALITY OF SHEN 3.37 03/29/26 CNY 60.94
MUNICIPALITY OF SHEN 2.80 05/19/27 CNY 61.00
MUNICIPALITY OF SHEN 2.80 05/19/27 CNY 61.00
MUNICIPALITY OF SHEN 2.80 05/19/27 CNY 61.36
MUNICIPALITY OF SHEN 3.50 06/18/29 CNY 61.61
MUNICIPALITY OF SHEN 3.37 01/14/30 CNY 70.00
MUNICIPALITY OF SHEN 3.37 01/14/30 CNY 70.00
MUNICIPALITY OF SHEN 2.84 04/03/30 CNY 70.00
MUNICIPALITY OF SHEN 2.84 04/03/30 CNY 70.00
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 70.00
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 70.00
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 70.00
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 70.00
MUNICIPALITY OF SHEN 2.84 04/03/30 CNY 70.34
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 70.56
MUNICIPALITY OF SHEN 3.37 01/14/30 CNY 71.71
MUNICIPALITY OF SHEN 3.50 06/18/29 CNY 75.00
MUNICIPALITY OF SHEN 3.50 06/18/29 CNY 75.00
MUNICIPALITY OF SHEN 2.93 05/19/30 CNY 85.59
NANCHANG CITY CONSTR 3.58 09/12/26 CNY 70.00
NANCHANG CITY CONSTR 3.58 09/12/26 CNY 70.60
NANCHANG ECONOMY TEC 3.83 09/22/23 CNY 20.00
NANCHANG ECONOMY TEC 3.83 09/22/23 CNY 20.01
NANCHONG JIALING DEV 7.80 12/12/24 CNY 40.00
NANCHONG JIALING DEV 7.98 05/23/25 CNY 40.00
NANCHONG JIALING DEV 7.80 12/12/24 CNY 40.70
NANCHONG JIALING DEV 7.98 05/23/25 CNY 41.58
NANJING BINJIANG INV 5.77 11/30/25 CNY 60.00
NANJING BINJIANG INV 5.77 11/30/25 CNY 61.91
NANJING JIANGBEI NEW 6.00 12/06/24 CNY 40.00
NANJING JIANGBEI NEW 6.00 12/06/24 CNY 41.08
NANJING JIANGBEI NEW 6.90 06/15/25 CNY 42.23
NANJING JIANGBEI NEW 6.90 06/15/25 CNY 45.88
NANJING JIANGBEI NEW 5.59 09/26/24 CNY 40.50
NANJING JIANGBEI NEW 5.59 09/26/24 CNY 42.50
NANJING JIANGNING EC 7.94 04/14/24 CNY 15.49
NANJING JIANGNING UR 3.48 11/11/23 CNY 20.00
NANJING JIANGNING UR 3.48 11/11/23 CNY 20.01
NANJING LISHUI ECONO 3.41 11/09/23 CNY 19.99
NANJING LISHUI URBAN 5.40 07/31/25 CNY 61.46
NANJING LISHUI URBAN 5.40 07/31/25 CNY 63.87
NANJING METRO GROUP 3.29 08/29/23 CNY 20.00
NANJING METRO GROUP 4.22 11/28/23 CNY 40.15
NANJING PUKOU COMMUN 5.46 07/19/24 CNY 20.40
NANLING COUNTY CONST 6.20 09/06/24 CNY 40.00
NANLING COUNTY CONST 6.20 09/06/24 CNY 40.34
NANNING HI-TECH INDU 3.82 10/20/23 CNY 19.97
NANNING HI-TECH INDU 3.82 10/20/23 CNY 20.02
NANPING CITY WUYI NE 7.19 03/21/26 CNY 63.19
NANPING CITY WUYI NE 7.19 03/21/26 CNY 63.21
NANTONG CITY TONGZHO 4.88 04/10/24 CNY 20.20
NANTONG CITY TONGZHO 4.88 04/10/24 CNY 20.30
NANTONG ECNOMIC TECH 5.38 04/17/26 CNY 62.07
NANTONG KAIYUAN INVE 7.25 11/29/24 CNY 40.82
NANTONG KAIYUAN INVE 7.25 11/29/24 CNY 40.87
NANTONG SHIBEI HI-TE 5.98 08/07/24 CNY 40.52
NANTONG SHIBEI HI-TE 5.98 08/07/24 CNY 40.60
NANTONG YUNTONG PORT 6.13 08/10/24 CNY 40.44
NANZHANG COUNTY CONS 6.00 01/20/24 CNY 20.09
NANZHANG COUNTY CONS 6.00 01/20/24 CNY 20.25
NANZHANG COUNTY CONS 6.58 10/25/24 CNY 40.00
NANZHANG COUNTY CONS 6.58 10/25/24 CNY 40.52
NEIJIANG XINGYUAN IN 4.28 08/16/23 CNY 20.00
NEIJIANG XINGYUAN IN 4.28 08/16/23 CNY 20.00
NEOGLORY HOLDING GRO 8.00 10/22/20 CNY 56.00
NEOGLORY HOLDING GRO 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GRO 8.10 11/23/18 CNY 72.00
NINGBO BEILUN DISTRI 4.89 07/19/26 CNY 61.77
NINGGUO CITY STATE O 7.14 08/07/24 CNY 40.68
NINGGUO CITY STATE O 7.14 08/07/24 CNY 40.80
NINGXIA SHENG YAN IN 7.50 09/27/23 CNY 42.45
NINGXIANG CITY CONST 6.00 06/02/26 CNY 52.33
NINGXIANG STATE-OWNE 3.88 11/02/23 CNY 19.95
NINGXIANG STATE-OWNE 3.88 11/02/23 CNY 20.04
PANJIN CITY SHUANGTA 8.70 12/20/25 CNY 63.66
PANJIN CITY SHUANGTA 8.70 12/20/25 CNY 63.66
PANJIN CITY SHUANGTA 8.50 01/29/26 CNY 63.71
PANJIN CITY SHUANGTA 8.50 01/29/26 CNY 63.72
PANJIN WATER GROUP C 5.18 10/28/23 CNY 19.97
PEIXIAN ECONOMIC DEV 6.20 10/24/25 CNY 62.04
PEIXIAN STATE-OWNED 5.98 07/19/24 CNY 20.00
PEIXIAN STATE-OWNED 5.98 07/19/24 CNY 40.59
PEKING UNIVERSITY FO 6.20 05/31/20 CNY 11.00
PEKING UNIVERSITY FO 6.15 07/23/20 CNY 11.00
PEKING UNIVERSITY FO 6.30 09/12/20 CNY 11.00
PEKING UNIVERSITY FO 4.80 07/26/21 CNY 11.00
PEKING UNIVERSITY FO 6.10 08/22/21 CNY 11.00
PEKING UNIVERSITY FO 5.99 11/02/21 CNY 11.00
PEKING UNIVERSITY FO 5.80 01/28/22 CNY 11.00
PEKING UNIVERSITY FO 6.68 08/09/23 CNY 11.00
PEKING UNIVERSITY FO 6.50 11/16/23 CNY 11.00
PEKING UNIVERSITY FO 6.30 03/04/24 CNY 11.00
PENGSHAN DEVELOPMENT 7.00 09/05/24 CNY 40.00
PENGSHAN DEVELOPMENT 7.00 09/05/24 CNY 40.70
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 41.59
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 41.65
PENGZE CITY DEVELOPM 7.00 04/19/25 CNY 40.00
PENGZE CITY DEVELOPM 7.00 04/19/25 CNY 41.34
PENGZE CITY DEVELOPM 7.60 08/31/25 CNY 61.78
PENGZE CITY DEVELOPM 7.60 08/31/25 CNY 62.17
PINGDU STATE-OWNED A 6.05 07/11/25 CNY 41.61
PINGJIANG COUNTY WAT 6.64 06/27/26 CNY 44.79
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 62.95
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 62.95
PINGXIANG HUIFENG IN 5.79 09/21/24 CNY 40.29
PINGXIANG HUIFENG IN 5.79 09/21/24 CNY 40.48
PINGYANG STATE-OWNED 6.90 08/24/27 CNY 70.00
PINGYANG STATE-OWNED 6.90 08/24/27 CNY 74.17
PIZHOU ECONOMIC DEVE 6.66 09/19/24 CNY 40.70
PIZHOU ECONOMIC DEVE 6.66 09/19/24 CNY 47.00
POYANG INVESTMENT & 6.53 08/08/24 CNY 40.00
POYANG INVESTMENT & 6.53 08/08/24 CNY 40.54
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.00
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.00
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.00
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.00
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.00
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.00
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.00
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.00
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.00
PROVINCE OF HEBEI CH 2.66 04/01/25 CNY 70.00
PROVINCE OF HEBEI CH 2.66 04/01/25 CNY 70.00
PROVINCE OF HEBEI CH 2.35 05/26/25 CNY 70.00
PROVINCE OF HEBEI CH 2.35 05/26/25 CNY 70.00
PROVINCE OF HEBEI CH 2.35 05/26/25 CNY 70.02
PROVINCE OF HEBEI CH 2.66 04/01/25 CNY 70.32
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.43
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.43
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.43
PROVINCE OF HEBEI CH 3.17 08/22/24 CNY 70.43
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.45
PROVINCE OF HEBEI CH 2.84 03/04/25 CNY 70.49
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.50
PROVINCE OF HEBEI CH 3.22 09/19/24 CNY 70.61
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.65
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.65
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.65
PROVINCE OF HEBEI CH 3.17 01/10/25 CNY 70.65
PUCHENG INVESTMENT D 6.57 08/10/24 CNY 40.41
PUCHENG INVESTMENT D 6.57 08/10/24 CNY 40.70
PUDING YELANG STATE- 8.00 03/13/25 CNY 37.77
PUDING YELANG STATE- 7.79 11/13/24 CNY 37.80
PUDING YELANG STATE- 7.79 11/13/24 CNY 38.33
PUDING YELANG STATE- 8.00 03/13/25 CNY 45.00
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 60.00
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 61.44
PUYANG INVESTMENT GR 5.18 08/17/24 CNY 40.35
PUYANG INVESTMENT GR 5.18 08/17/24 CNY 40.35
QIANDONGNANZHOU KAIH 5.30 09/22/26 CNY 60.03
QIANDONGNANZHOU KAIH 5.30 09/22/26 CNY 60.17
QIANJIANG URBAN CONS 5.67 01/16/26 CNY 61.60
QIANJIANG URBAN CONS 5.67 01/16/26 CNY 61.73
QIANNAN AUTONOMOUS P 6.98 07/06/24 CNY 18.58
QIANNAN AUTONOMOUS P 6.99 04/19/24 CNY 19.27
QIANNAN AUTONOMOUS P 6.98 07/06/24 CNY 19.55
QIANNAN AUTONOMOUS P 6.99 04/19/24 CNY 20.34
QIANNANZHOU INVESTME 6.77 07/28/24 CNY 38.30
QIANNANZHOU INVESTME 6.77 07/28/24 CNY 40.40
QIANNANZHOU INVESTME 8.00 01/02/26 CNY 62.70
QIANSHAN CITY QIANRU 6.98 01/19/25 CNY 40.00
QIANSHAN CITY QIANRU 6.98 01/19/25 CNY 41.29
QIANXINAN AUTONOMOUS 8.00 06/22/27 CNY 74.81
QICHUN COUNTY CONSTR 4.96 10/18/23 CNY 20.06
QICHUN COUNTY CONSTR 4.96 10/18/23 CNY 20.06
QIDONG URBAN CONSTRU 5.25 08/16/24 CNY 40.41
QINGDAO CHANGYANG IN 3.73 09/12/23 CNY 19.97
QINGDAO CHANGYANG IN 3.73 09/12/23 CNY 20.01
QINGDAO CHINA PROSPE 6.08 11/05/25 CNY 62.22
QINGDAO HAIFA STATE- 6.28 04/04/25 CNY 41.25
QINGDAO HAIFA STATE- 6.28 04/04/25 CNY 45.25
QINGDAO JIMO DISTRIC 5.35 07/10/24 CNY 20.34
QINGDAO JIMO DISTRIC 5.35 07/10/24 CNY 20.45
QINGDAO JIMO DISTRIC 6.27 10/15/25 CNY 61.41
QINGDAO SHAOHAI INVE 6.47 10/31/24 CNY 40.63
QINGDAO SHAOHAI INVE 6.47 10/31/24 CNY 40.69
QINGHAI PROVINCIAL I 7.25 02/22/20 USD 1.00
QINGHAI PROVINCIAL I 7.88 03/22/21 USD 2.62
QINGHAI PROVINCIAL I 6.40 07/10/21 USD 2.62
QINGZHEN CITY CONSTR 7.50 03/18/26 CNY 61.57
QINGZHEN CITY CONSTR 7.50 03/18/26 CNY 63.17
QINGZHOU CITY CONSTR 6.40 07/10/24 CNY 19.18
QINGZHOU CITY CONSTR 6.40 07/10/24 CNY 20.03
QINGZHOU CITY CONSTR 6.80 08/25/24 CNY 40.00
QINGZHOU HONGYUAN PU 7.60 06/17/27 CNY 61.90
QINHUANGDAO DEVELOPM 4.07 08/26/23 CNY 19.98
QINHUANGDAO DEVELOPM 4.07 08/26/23 CNY 20.00
QUJING CITY QILIN DI 8.50 01/21/26 CNY 60.00
QUJING CITY QILIN DI 8.50 01/21/26 CNY 61.42
QUJING ECO TECH DEVE 7.40 07/18/26 CNY 60.00
QUJING ECO TECH DEVE 7.40 07/18/26 CNY 78.83
RED STAR MACALLINE H 6.50 11/07/23 CNY 29.05
RED STAR MACALLINE H 7.00 12/23/25 CNY 52.75
RENHUAI WATER INVEST 7.98 02/24/25 CNY 37.80
RENHUAI WATER INVEST 8.00 12/26/25 CNY 59.05
RENHUAI WATER INVEST 7.98 07/26/25 CNY 62.18
REWARD SCIENCE AND T 5.53 07/05/21 CNY 29.10
REWARD SCIENCE AND T 6.40 03/03/22 CNY 70.00
RONGCHENG ECONOMIC D 5.75 04/24/25 CNY 40.50
RONGCHENG ECONOMIC D 5.75 04/24/25 CNY 41.06
RONGQIAO GROUP CO LT 6.50 06/03/23 CNY 14.90
RONGXIN FUJIAN INVES 6.50 07/06/26 CNY 24.80
RONGXIN FUJIAN INVES 5.42 08/19/24 CNY 31.00
RONGXIN FUJIAN INVES 5.60 07/27/23 CNY 33.00
RONGXIN FUJIAN INVES 6.45 04/28/26 CNY 67.50
RONGXIN FUJIAN INVES 6.78 04/28/26 CNY 72.80
RUCHENG COUNTY URBAN 5.69 02/23/24 CNY 25.31
RUCHENG COUNTY URBAN 5.69 02/23/24 CNY 25.32
RUCHENG SHUNXING INV 7.50 01/07/26 CNY 60.00
RUCHENG SHUNXING INV 7.50 01/07/26 CNY 63.03
RUDONG COUNTY JINXIN 4.57 07/26/23 CNY 20.00
RUDONG COUNTY JINXIN 3.80 07/26/23 CNY 20.00
RUDONG COUNTY JINXIN 4.57 07/26/23 CNY 20.00
RUDONG COUNTY JINXIN 3.80 07/26/23 CNY 20.00
RUIJIN URBAN DEVELOP 4.13 09/06/23 CNY 19.98
RUIJIN URBAN DEVELOP 4.13 09/06/23 CNY 20.01
RUSHAN INDUSTRIAL IN 7.40 06/07/25 CNY 42.04
RUSHAN INDUSTRIAL IN 7.40 06/07/25 CNY 44.24
RUZHOU CITY XINYUAN 4.43 09/26/23 CNY 19.97
RUZHOU CITY XINYUAN 4.43 09/26/23 CNY 19.99
SANMING INVESTMENT D 5.10 04/17/24 CNY 20.34
SANMING INVESTMENT D 5.10 04/17/24 CNY 20.34
SHAANXI ANKANG HIGH 6.85 03/28/26 CNY 60.00
SHAANXI ANKANG HIGH 6.85 03/28/26 CNY 61.68
SHAANXI XIXIAN NEW A 7.10 08/23/24 CNY 40.41
SHAANXI XIXIAN NEW A 7.10 08/23/24 CNY 40.62
SHAANXI XIXIAN NEW A 6.67 08/23/24 CNY 40.00
SHAANXI XIXIAN NEW A 6.67 08/23/24 CNY 40.16
SHANDONG HONGHE HOLD 7.50 01/29/26 CNY 60.00
SHANDONG HONGHE HOLD 7.50 01/29/26 CNY 60.12
SHANDONG OCEAN CULTU 7.50 04/25/26 CNY 60.44
SHANDONG OCEAN CULTU 7.50 03/28/26 CNY 60.86
SHANDONG RENCHENG RO 7.50 01/23/26 CNY 58.49
SHANDONG RUYI TECHNO 7.90 09/18/23 CNY 52.10
SHANDONG TAIFENG HOL 7.99 12/16/23 CNY 25.00
SHANDONG URBAN CAPIT 7.50 04/12/26 CNY 60.00
SHANDONG URBAN CAPIT 7.50 04/12/26 CNY 61.57
SHANGHAI MUNICIPAL I 4.80 11/05/24 CNY 30.26
SHANGHAI MUNICIPAL I 4.80 11/05/24 CNY 30.56
SHANGHAI POWERLONG I 5.70 06/10/26 CNY 38.08
SHANGHAI POWERLONG I 6.50 08/07/23 CNY 40.50
SHANGHAI POWERLONG I 6.60 01/11/24 CNY 59.08
SHANGHAI SHIMAO CO L 5.15 03/16/24 CNY 21.24
SHANGHAI SHIMAO CO L 4.24 10/21/23 CNY 21.25
SHANGHAI SHIMAO CO L 4.12 01/09/24 CNY 21.25
SHANGHAI SHIMAO CO L 5.50 05/06/24 CNY 21.25
SHANGHAI SHIMAO CO L 3.94 12/28/26 CNY 24.00
SHANGHAI SHIMAO CO L 3.99 12/28/26 CNY 28.56
SHANGHAI SHIMAO CO L 3.60 12/28/26 CNY 31.07
SHANGHAI SHIMAO CO L 3.76 12/28/26 CNY 34.16
SHANGHAI SHIMAO CO L 4.15 12/28/26 CNY 47.70
SHANGHAI SHIMAO JIAN 4.80 11/11/26 CNY 14.50
SHANGHAI SHIMAO JIAN 4.15 10/16/24 CNY 15.95
SHANGHAI SHIMAO JIAN 4.30 11/11/24 CNY 17.00
SHANGHAI SHIMAO JIAN 3.90 08/27/25 CNY 21.59
SHANGHAI SHIMAO JIAN 3.90 03/25/27 CNY 26.00
SHANGHAI SHIMAO JIAN 3.20 05/11/25 CNY 26.27
SHANGHAI SHIMAO JIAN 3.23 03/25/25 CNY 28.00
SHANGHAI SHIMAO JIAN 4.30 09/19/24 CNY 29.99
SHANGLI INVESTMENT C 7.50 06/01/25 CNY 40.52
SHANGLI INVESTMENT C 7.50 06/01/25 CNY 41.45
SHANGLI INVESTMENT C 7.80 01/22/26 CNY 60.49
SHANGLI INVESTMENT C 7.80 01/22/26 CNY 60.99
SHANGRAO CITY CONSTR 5.45 12/26/25 CNY 60.87
SHANGRAO GUANGXIN UR 7.95 07/24/25 CNY 41.55
SHANGRAO GUANGXIN UR 7.95 07/24/25 CNY 61.54
SHANTOU INVESTMENT H 7.99 03/04/24 CNY 15.48
SHANTOU INVESTMENT H 7.99 03/04/24 CNY 15.51
SHANWEI INVESTMENT H 5.68 11/09/24 CNY 40.64
SHANWEI INVESTMENT H 5.68 11/09/24 CNY 40.97
SHANXI JINZHONG STAT 7.50 05/05/26 CNY 63.42
SHAODONG NEW AREA DE 7.10 04/19/24 CNY 20.36
SHAODONG NEW AREA DE 7.10 04/19/24 CNY 20.36
SHAOGUAN URBAN INVES 3.67 10/25/24 CNY 40.22
SHAOGUAN URBAN INVES 3.67 10/25/24 CNY 40.24
SHAOSHAN HI-TECH CON 8.00 05/02/25 CNY 40.86
SHAOSHAN HI-TECH CON 8.00 05/02/25 CNY 41.06
SHAOXING KEQIAO CITY 3.64 09/19/23 CNY 20.00
SHAOXING KEQIAO CITY 3.64 09/19/23 CNY 20.04
SHAOXING KEQIAO CITY 5.74 08/03/24 CNY 40.00
SHAOXING KEQIAO CITY 5.74 08/03/24 CNY 40.59
SHAOXING KEYAN CONST 5.88 12/04/25 CNY 61.89
SHAOYANG BAOQING IND 5.78 07/04/26 CNY 42.75
SHAOYANG CITY CONSTR 5.98 09/01/24 CNY 40.00
SHAOYANG CITY CONSTR 5.98 09/01/24 CNY 40.59
SHAOYANG SAISHUANGQI 7.20 03/26/25 CNY 40.00
SHAOYANG SAISHUANGQI 7.20 03/26/25 CNY 41.53
SHAOYANG SAISHUANGQI 8.00 11/28/25 CNY 60.00
SHAOYANG SAISHUANGQI 8.00 11/28/25 CNY 63.34
SHEHONG STATE OWNED 7.30 12/14/24 CNY 40.00
SHEHONG STATE OWNED 7.30 12/14/24 CNY 41.24
SHEHONG STATE OWNED 7.60 10/22/25 CNY 42.68
SHEHONG STATE OWNED 7.50 08/22/25 CNY 60.00
SHEHONG STATE OWNED 7.60 10/22/25 CNY 60.00
SHEHONG STATE OWNED 7.60 10/25/25 CNY 60.00
SHEHONG STATE OWNED 7.50 08/22/25 CNY 62.42
SHEHONG STATE OWNED 7.60 10/25/25 CNY 62.79
SHENGZHOU INVESTMENT 5.35 07/20/24 CNY 20.39
SHENGZHOU INVESTMENT 5.35 07/20/24 CNY 20.45
SHENWU ENVIRONMENTAL 9.00 03/14/19 CNY 1.50
SHENZHEN LOGAN HOLDI 4.80 11/10/26 CNY 18.50
SHENZHEN LOGAN HOLDI 4.80 11/10/26 CNY 19.00
SHENZHEN LOGAN HOLDI 5.09 11/10/26 CNY 19.00
SHENZHEN LOGAN HOLDI 4.70 11/10/26 CNY 19.50
SHENZHEN LOGAN HOLDI 4.80 11/10/26 CNY 19.90
SHENZHEN LOGAN HOLDI 4.69 11/10/26 CNY 20.50
SHENZHEN LOGAN HOLDI 4.60 11/20/22 CNY 21.00
SHENZHEN LOGAN HOLDI 4.90 03/25/25 CNY 23.00
SHENZHEN LOGAN HOLDI 4.50 08/05/23 CNY 26.00
SHENZHEN LOGAN HOLDI 6.50 08/05/24 CNY 29.00
SHENZHEN METRO GROUP 6.75 01/24/24 CNY 15.24
SHEYANG URBAN CONSTR 7.80 11/27/24 CNY 41.02
SHEYANG URBAN CONSTR 7.80 11/27/24 CNY 41.08
SHEYANG URBAN INVEST 5.33 03/14/26 CNY 61.50
SHEYANG URBAN INVEST 5.33 03/14/26 CNY 61.63
SHEYANG URBAN INVEST 7.39 04/12/26 CNY 62.00
SHEYANG URBAN INVEST 7.39 04/12/26 CNY 63.20
SHIFANG CITY NATIONA 8.00 12/05/25 CNY 60.00
SHIFANG CITY NATIONA 8.00 12/05/25 CNY 62.56
SHIJIAZHUANG HUTUO N 5.28 12/24/25 CNY 35.35
SHIJIAZHUANG HUTUO N 5.28 12/24/25 CNY 35.99
SHISHOU BOYA CITY CO 6.98 06/15/24 CNY 20.41
SHIYAN CITY CHENGTOU 7.80 02/13/26 CNY 60.61
SHIYAN ECO DEVELOPME 3.98 08/05/23 CNY 19.99
SHIYAN ECO DEVELOPME 3.98 08/05/23 CNY 19.99
SHIYAN HANJIANG STAR 6.40 07/10/24 CNY 20.53
SHIYAN STATE-OWNED C 4.88 01/11/26 CNY 45.61
SHIYAN STATE-OWNED C 4.88 01/11/26 CNY 45.77
SHIZHU TUJIA HONGSHE 7.00 11/13/24 CNY 32.00
SHIZHU TUJIA HONGSHE 7.00 11/13/24 CNY 40.88
SHOU COUNTY STATE-OW 6.20 10/13/24 CNY 40.00
SHOU COUNTY STATE-OW 6.20 10/13/24 CNY 40.65
SHUANGYASHAN DADI CI 8.50 04/30/26 CNY 60.00
SHUANGYASHAN DADI CI 8.50 04/30/26 CNY 64.37
SHUOZHOU INVESTMENT 7.50 10/23/25 CNY 61.39
SHUOZHOU INVESTMENT 7.50 10/23/25 CNY 61.60
SHUOZHOU INVESTMENT 7.80 12/25/25 CNY 62.00
SHUOZHOU INVESTMENT 7.80 12/25/25 CNY 62.38
SICHUAN CHENG'A DEVE 7.50 11/06/24 CNY 40.00
SICHUAN CHENG'A DEVE 7.50 11/29/24 CNY 40.00
SICHUAN CHENG'A DEVE 7.25 01/28/24 CNY 40.47
SICHUAN CHENG'A DEVE 7.50 11/06/24 CNY 41.12
SICHUAN CHENG'A DEVE 7.50 11/29/24 CNY 41.18
SICHUAN COAL INDUSTR 7.70 01/09/18 CNY 45.00
SICHUAN JINCAI JINXI 7.08 07/31/24 CNY 40.59
SICHUAN JINCAI JINXI 7.08 07/31/24 CNY 40.59
SICHUAN LANGUANG DEV 7.50 07/11/21 CNY 12.63
SICHUAN LANGUANG DEV 6.50 07/29/21 CNY 12.63
SICHUAN LANGUANG DEV 7.50 08/12/21 CNY 12.63
SICHUAN LANGUANG DEV 7.00 09/29/22 CNY 12.63
SICHUAN LANGUANG DEV 7.00 10/26/22 CNY 12.63
SICHUAN LANGUANG DEV 7.20 03/11/23 CNY 12.63
SICHUAN LANGUANG DEV 7.20 05/11/23 CNY 12.63
SICHUAN LANGUANG DEV 7.15 03/16/23 CNY 24.00
SICHUAN LANGUANG DEV 7.40 09/14/21 CNY 30.45
SICHUAN LANGUANG DEV 7.50 07/23/22 CNY 42.00
SICHUAN QINBA NEWCIT 6.68 07/07/24 CNY 19.90
SICHUAN QINBA NEWCIT 6.68 07/07/24 CNY 20.00
SICHUAN QINBA NEWCIT 6.91 07/25/24 CNY 40.00
SICHUAN QINBA NEWCIT 6.91 07/25/24 CNY 40.09
SICHUAN RENSHOU XINL 7.00 06/27/24 CNY 20.44
SINO-OCEAN CAPITAL 5.30 09/09/23 CNY 27.00
SINO-OCEAN CAPITAL 5.30 06/10/27 CNY 42.00
SINO-OCEAN HOLDING G 4.76 10/19/25 CNY 20.01
SINO-OCEAN HOLDING G 5.00 08/19/25 CNY 20.32
SINO-OCEAN HOLDING G 4.06 09/27/26 CNY 21.30
SINO-OCEAN HOLDING G 5.32 03/18/25 CNY 21.50
SINO-OCEAN HOLDING G 4.20 05/12/26 CNY 22.50
SINO-OCEAN HOLDING G 4.59 03/20/26 CNY 23.61
SINO-OCEAN HOLDING G 4.60 01/21/24 CNY 25.20
SINO-OCEAN HOLDING G 5.50 03/20/24 CNY 25.30
SINO-OCEAN HOLDING G 4.00 08/02/23 CNY 37.90
SIXIAN CITY CONSCTRU 6.50 04/16/25 CNY 40.00
SIXIAN CITY CONSCTRU 6.50 04/16/25 CNY 41.25
SIYANG COUNTY MINKAN 7.40 07/31/24 CNY 40.54
SIYANG COUNTY MINKAN 7.40 07/31/24 CNY 40.54
SIYANG JIADING INDUS 7.50 04/27/25 CNY 41.59
SIYANG JIADING INDUS 7.50 04/27/25 CNY 41.60
SIYANG JIADING INDUS 7.50 12/14/25 CNY 61.80
SIYANG JIADING INDUS 7.50 12/14/25 CNY 62.62
SOU YU TE GROUP CO L 1.50 03/12/26 CNY 18.00
SUINING COUNTY RUNQI 6.78 11/02/24 CNY 40.88
SUINING FUYUAN INDUS 5.34 12/02/23 CNY 19.99
SUINING FUYUAN INDUS 5.34 12/02/23 CNY 20.07
SUINING ROUGANG INVE 5.65 01/24/24 CNY 20.15
SUINING ROUGANG INVE 5.65 01/24/24 CNY 20.15
SUINING ROUGANG INVE 6.80 08/02/24 CNY 40.52
SUINING ROUGANG INVE 6.80 08/02/24 CNY 40.52
SUINING TIANTAI INDU 5.98 03/28/24 CNY 20.25
SUINING TIANTAI INDU 5.98 03/28/24 CNY 20.25
SUINING TIANTAI INDU 6.80 11/01/24 CNY 50.20
SUINING TIANTAI INDU 6.80 11/01/24 CNY 50.99
SUIZHOU DEVELOPMENT 5.70 04/07/24 CNY 20.22
SUIZHOU DEVELOPMENT 5.70 04/07/24 CNY 20.24
SUIZHOU DEVELOPMENT 5.97 09/15/24 CNY 40.00
SUIZHOU DEVELOPMENT 5.97 09/15/24 CNY 40.49
SUNAC REAL ESTATE GR 5.60 12/09/26 CNY 15.02
SUNAC REAL ESTATE GR 6.80 01/19/25 CNY 20.00
SUNAC REAL ESTATE GR 7.00 12/09/26 CNY 25.00
SUNAC REAL ESTATE GR 6.48 12/09/25 CNY 26.00
SUNAC REAL ESTATE GR 6.80 12/09/25 CNY 28.00
SUNAC REAL ESTATE GR 4.78 12/09/25 CNY 35.55
SUNSHINE KAIDI NEW E 6.80 06/02/21 CNY 1.00
SUQIAN CITY CONSTRUC 5.30 07/11/24 CNY 20.30
SUQIAN CITY CONSTRUC 5.30 07/11/24 CNY 20.30
SUQIAN CITY CONSTRUC 6.44 12/26/24 CNY 40.96
SUQIAN CITY CONSTRUC 6.44 12/26/24 CNY 40.96
SUQIAN ECONOMIC DEVE 5.40 04/20/24 CNY 20.29
SUQIAN ECONOMIC DEVE 5.40 04/20/24 CNY 21.88
SUQIAN HI-TECH DEVEL 6.49 10/17/25 CNY 60.00
SUQIAN HI-TECH DEVEL 6.49 10/17/25 CNY 62.09
SUQIAN HUBIN XINCHEN 6.85 08/02/24 CNY 39.52
SUQIAN HUBIN XINCHEN 6.93 08/25/24 CNY 40.71
SUQIAN YUFENG INDUST 5.50 04/21/24 CNY 20.24
SUZHOU GAOXIN TOURIS 5.20 10/27/23 CNY 50.31
SUZHOU GAOXIN TOURIS 5.20 04/11/24 CNY 50.40
SUZHOU MAANSHAN INVE 6.10 08/03/24 CNY 40.50
SUZHOU MAANSHAN INVE 6.10 08/03/24 CNY 40.52
SUZHOU MUDU URBAN RU 4.94 04/16/24 CNY 40.64
SUZHOU MUDU URBAN RU 4.94 04/16/24 CNY 40.64
SUZHOU NEW AREA CONS 5.98 08/04/24 CNY 40.00
SUZHOU NEW AREA CONS 5.98 08/04/24 CNY 40.59
SUZHOU WUZHONG CITY 5.90 11/06/24 CNY 40.00
SUZHOU WUZHONG CITY 6.50 02/01/25 CNY 40.00
SUZHOU WUZHONG CITY 5.90 11/06/24 CNY 40.65
SUZHOU WUZHONG CITY 6.50 02/01/25 CNY 41.39
SUZHOU WUZHONG GUOTA 6.40 08/23/27 CNY 70.00
SUZHOU WUZHONG GUOTA 6.40 08/23/27 CNY 72.58
TAHOE GROUP CO LTD 7.20 05/25/21 CNY 1.68
TAHOE GROUP CO LTD 8.50 08/02/21 CNY 3.53
TAHOE GROUP CO LTD 7.50 09/19/21 CNY 3.53
TAHOE GROUP CO LTD 7.50 10/10/20 CNY 4.70
TAHOE GROUP CO LTD 6.00 05/25/21 CNY 10.00
TAHOE GROUP CO LTD 7.50 08/15/20 CNY 27.00
TAIHE STATE OWN ASSE 5.87 08/07/24 CNY 40.44
TAIHE STATE OWN ASSE 5.87 08/07/24 CNY 43.35
TAIXING CITY CHENGXI 7.80 03/05/26 CNY 60.00
TAIXING CITY CHENGXI 7.60 04/04/26 CNY 60.00
TAIXING CITY CHENGXI 7.60 04/24/26 CNY 60.00
TAIXING CITY CHENGXI 7.60 04/04/26 CNY 62.92
TAIXING CITY CHENGXI 7.80 03/05/26 CNY 63.37
TAIXING CITY CHENGXI 7.60 04/24/26 CNY 63.83
TAIXING XINGHUANG IN 8.50 11/15/25 CNY 59.59
TAIXING XINGHUANG IN 8.50 11/15/25 CNY 63.28
TAIZHOU CITY CONSTRU 6.92 10/16/23 CNY 15.11
TAIZHOU CITY HUANGYA 6.10 08/01/24 CNY 40.48
TAIZHOU CITY HUANGYA 6.10 08/01/24 CNY 40.49
TAIZHOU CITY HUANGYA 6.22 09/14/24 CNY 40.62
TAIZHOU CITY HUANGYA 6.22 09/14/24 CNY 40.63
TAIZHOU EAST NEW CIT 5.28 01/03/26 CNY 61.37
TAIZHOU EAST NEW CIT 5.28 01/03/26 CNY 63.90
TAIZHOU FENGCHENGHE 7.90 12/29/24 CNY 40.00
TAIZHOU FENGCHENGHE 7.90 12/29/24 CNY 41.81
TAIZHOU FENGCHENGHE 5.48 11/07/25 CNY 61.75
TAIZHOU FENGCHENGHE 6.58 03/28/26 CNY 62.34
TAIZHOU FENGCHENGHE 6.58 03/28/26 CNY 66.00
TAIZHOU GAOGANG HI-T 5.54 06/22/24 CNY 20.30
TAIZHOU GAOGANG HI-T 5.54 06/22/24 CNY 20.34
TAIZHOU HUACHENG MED 8.50 12/26/25 CNY 60.00
TAIZHOU HUACHENG MED 8.50 12/26/25 CNY 63.84
TAIZHOU XINBINJIANG 5.34 12/21/25 CNY 61.44
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 60.00
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 63.28
TANGSHAN HOLDING DEV 7.60 05/16/25 CNY 39.17
TANGSHAN HOLDING DEV 7.60 05/16/25 CNY 39.30
TAOYUAN COUNTY ECONO 7.00 12/08/24 CNY 40.00
TAOYUAN COUNTY ECONO 7.00 12/08/24 CNY 40.25
TAOYUAN COUNTY ECONO 8.20 09/06/25 CNY 60.50
TAOYUAN COUNTY ECONO 8.20 09/06/25 CNY 62.98
TEMPUS GROUP CO LTD 7.50 06/07/20 CNY 19.66
TENGCHONG SHIXINGBAN 7.50 05/05/26 CNY 71.28
TIANGUANG ZHONGMAO C 6.00 10/27/21 CNY 3.50
TIANJIN BOHAI STATE- 4.10 04/18/26 CNY 45.31
TIANJIN DONGFANG CAI 7.99 08/01/24 CNY 40.84
TIANJIN DONGFANG CAI 6.00 07/09/25 CNY 41.28
TIANJIN METRO GROUP 4.27 10/16/25 CNY 45.67
TIANJIN METRO GROUP 4.27 10/16/25 CNY 49.00
TIANJIN RAILWAY CONS 5.58 04/13/25 CNY 29.70
TIANJIN RAILWAY CONS 5.58 04/13/25 CNY 29.83
TIANJIN REAL ESTATE 7.70 03/16/21 CNY 21.49
TIANJIN REAL ESTATE 4.50 09/29/20 USD 73.86
TIANJIN STATE-OWNED 1.60 12/17/39 USD 22.07
TIANJIN STATE-OWNED 0.15 12/17/26 USD 24.16
TIANJIN STATE-OWNED 1.55 12/17/29 USD 25.80
TIANMEN CITY CONSTRU 3.98 11/15/23 CNY 20.02
TIANMEN CITY CONSTRU 3.98 11/15/23 CNY 20.05
TONGCHENG CITY CONST 6.60 12/18/24 CNY 40.00
TONGCHENG CITY CONST 6.60 12/18/24 CNY 40.62
TONGCHENG CITY CONST 7.50 07/23/25 CNY 41.65
TONGCHENG CITY CONST 7.50 07/23/25 CNY 60.00
TONGHUA FENGYUAN INV 7.80 04/30/26 CNY 59.50
TONGHUA FENGYUAN INV 8.00 12/18/25 CNY 60.00
TONGHUA FENGYUAN INV 8.00 12/18/25 CNY 63.09
TONGHUA FENGYUAN INV 7.80 04/30/26 CNY 63.70
TONGLING CONSTRUCTIO 5.77 07/31/24 CNY 40.00
TONGLING CONSTRUCTIO 5.77 07/31/24 CNY 40.50
TONGLING CONSTRUCTIO 5.80 08/16/24 CNY 40.57
TONGLING CONSTRUCTIO 5.80 08/16/24 CNY 42.07
TONGLING STATE-OWNED 7.00 11/14/24 CNY 71.49
TONGXIANG CHONGDE IN 7.88 11/29/25 CNY 61.60
TONGXIANG CHONGDE IN 7.88 11/29/25 CNY 62.90
TONGXIANG INDUSTRY D 5.16 05/24/26 CNY 60.00
TONGXIANG INDUSTRY D 5.38 03/14/26 CNY 60.80
TONGXIANG INDUSTRY D 5.16 05/24/26 CNY 61.28
TONGXIANG INDUSTRY D 5.38 03/14/26 CNY 61.29
TSINGHUA UNIGROUP CO 5.85 03/27/22 CNY 16.88
TSINGHUA UNIGROUP CO 5.20 12/10/23 CNY 16.88
TSINGHUA UNIGROUP CO 5.11 01/25/24 CNY 16.88
TSINGHUA UNIGROUP CO 5.60 11/15/20 CNY 25.50
TSINGHUA UNIGROUP CO 6.20 03/16/21 CNY 25.50
TSINGHUA UNIGROUP CO 6.15 12/26/21 CNY 25.50
TSINGHUA UNIGROUP CO 6.00 08/14/22 CNY 25.50
TUNGHSU GROUP CO LTD 7.85 03/23/21 CNY 0.00
TUNGHSU GROUP CO LTD 7.00 09/28/20 CNY 1.70
TUNGHSU GROUP CO LTD 8.18 10/25/21 CNY 22.00
TUNGHSU OPTOELECTRON 6.80 05/19/20 CNY 15.20
URUMQI ECO TECH DEVE 7.50 10/19/25 CNY 60.00
URUMQI ECO TECH DEVE 7.50 10/19/25 CNY 61.24
URUMQI ECO&TECH DEVE 5.32 03/15/26 CNY 60.00
URUMQI ECO&TECH DEVE 5.32 03/15/26 CNY 61.86
WEICHI HOLDING GROUP 6.18 07/24/24 CNY 20.39
WEICHI HOLDING GROUP 6.18 07/24/24 CNY 40.00
WEICHI HOLDING GROUP 7.20 04/13/25 CNY 40.00
WEICHI HOLDING GROUP 7.20 04/13/25 CNY 41.67
WEIFANG BINHAI INVES 6.85 12/20/25 CNY 52.48
WEIFANG BINHAI INVES 6.50 04/26/26 CNY 53.59
WEIFANG BINHAI INVES 7.00 09/12/26 CNY 70.08
WEIFANG CAIXIN STATE 6.50 06/21/26 CNY 75.00
WEIFANG GONGXIN STAT 5.00 07/13/26 CNY 45.23
WEIFANG GONGXIN STAT 5.00 07/13/26 CNY 45.23
WEIHAI CENTRAL CITY 6.05 11/02/24 CNY 39.61
WEIHAI CENTRAL CITY 6.05 11/02/24 CNY 40.00
WEIHAI ECONOMIC TECH 5.80 08/23/24 CNY 40.00
WEIHAI ECONOMIC TECH 5.80 08/23/24 CNY 40.41
WEIHAI HIGH TECH URB 5.32 04/28/24 CNY 20.33
WEIHAI LANCHUANG CON 7.70 10/11/25 CNY 48.52
WEIHAI WENDENG DISTR 3.64 10/26/23 CNY 19.95
WEIHAI WENDENG DISTR 3.64 10/26/23 CNY 19.99
WEIHAI WENDENG URBAN 7.70 05/02/28 CNY 71.31
WEINAN CITY INDUSTRI 7.50 04/28/26 CNY 60.00
WEINAN CITY INDUSTRI 7.50 04/28/26 CNY 61.93
WENLING CITY STATE O 5.73 04/19/25 CNY 41.42
WENLING CITY STATE O 5.43 11/12/25 CNY 61.40
WENLING CITY STATE O 5.43 11/12/25 CNY 61.88
WENSHAN URBAN CONSTR 4.50 09/13/23 CNY 19.98
WENSHAN URBAN CONSTR 4.50 09/13/23 CNY 20.01
WENZHOU HIGH-TECH IN 5.90 09/18/24 CNY 40.50
WENZHOU HIGH-TECH IN 5.90 09/18/24 CNY 40.56
WENZHOU MINKE INDUST 6.44 07/18/24 CNY 20.00
WENZHOU MINKE INDUST 6.44 07/18/24 CNY 40.59
WENZHOU OUHAI ECONOM 5.45 03/11/26 CNY 60.50
WENZHOU OUHAI ECONOM 5.45 03/11/26 CNY 62.14
WENZHOU OUHAI NEW CI 3.98 10/26/23 CNY 20.00
WENZHOU OUHAI NEW CI 3.98 10/26/23 CNY 20.07
WINTIME ENERGY GROUP 7.00 07/05/18 CNY 43.63
WINTIME ENERGY GROUP 7.30 08/06/18 CNY 43.63
WINTIME ENERGY GROUP 7.00 08/25/18 CNY 43.63
WINTIME ENERGY GROUP 6.78 10/23/18 CNY 43.63
WINTIME ENERGY GROUP 7.00 12/15/18 CNY 43.63
WINTIME ENERGY GROUP 7.00 03/19/19 CNY 43.63
WINTIME ENERGY GROUP 7.00 04/26/19 CNY 43.63
WINTIME ENERGY GROUP 7.70 11/15/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 11/16/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 12/06/20 CNY 43.63
WINTIME ENERGY GROUP 7.90 12/22/20 CNY 43.63
WINTIME ENERGY GROUP 7.90 03/29/21 CNY 43.63
WINTIME ENERGY GROUP 7.50 04/04/21 CNY 43.63
WINTIME ENERGY GROUP 4.75 07/07/22 CNY 43.63
WUHAN CITY HUANPI DI 5.48 04/19/24 CNY 20.41
WUHAN HIGH-TECH HOLD 5.60 09/14/27 CNY 72.85
WUHAN HIGH-TECH HOLD 5.60 09/14/27 CNY 74.51
WUHAN HONGSHAN CITY 5.68 08/10/24 CNY 40.20
WUHAN HONGSHAN CITY 5.68 10/12/24 CNY 40.24
WUHAN HONGSHAN CITY 5.68 10/12/24 CNY 40.24
WUHAN HONGSHAN CITY 5.68 08/10/24 CNY 40.57
WUHAN QIAOKOU STATE 3.48 08/29/23 CNY 20.00
WUHAN QIAOKOU STATE 3.48 08/29/23 CNY 20.03
WUHAN URBAN CONSTRUC 4.99 06/15/24 CNY 25.00
WUHU COMMUNICATIONS 3.58 09/23/23 CNY 19.99
WUHU COMMUNICATIONS 3.58 09/23/23 CNY 20.00
WUSHENG CITY INVESTM 7.05 11/03/24 CNY 40.20
WUSHENG CITY INVESTM 7.05 11/03/24 CNY 40.86
WUSU CITY XINGRONG C 7.50 10/25/25 CNY 60.00
WUSU CITY XINGRONG C 7.50 10/25/25 CNY 62.87
WUXI EAST SCIENCE & 5.73 09/14/24 CNY 40.00
WUXI EAST SCIENCE & 5.73 09/14/24 CNY 40.71
WUXI FOOD SCIENCE PA 5.70 09/28/24 CNY 40.58
WUXI HUIJI INDUSTRY 5.27 12/07/25 CNY 61.64
WUXI HUIJI INDUSTRY 5.27 12/07/25 CNY 61.80
WUXI OUTANG ZHIJIAOY 5.09 05/15/26 CNY 61.48
WUXI OUTANG ZHIJIAOY 5.09 05/15/26 CNY 62.13
WUXI TAIHU NEW CITY 3.47 08/29/23 CNY 20.01
WUXI XIDONG NEW TOWN 3.92 11/09/23 CNY 20.02
WUXI XIDONG NEW TOWN 3.92 11/09/23 CNY 20.02
WUXI XIXI INDUSTRIAL 5.23 04/25/26 CNY 61.59
WUXI XIXI INDUSTRIAL 5.23 04/25/26 CNY 62.00
WUXUE URBAN CONSTRUC 7.50 04/12/26 CNY 60.00
WUXUE URBAN CONSTRUC 7.50 04/12/26 CNY 62.10
WUYANG CONSTRUCTION 7.80 09/11/20 CNY 32.48
XIAN HIGH-TECH ZONE 6.49 04/25/25 CNY 41.00
XIAN HIGH-TECH ZONE 6.49 04/25/25 CNY 41.43
XI'AN HI-TECH HOLDIN 6.12 12/27/24 CNY 40.72
XI'AN HI-TECH HOLDIN 6.12 12/27/24 CNY 40.89
XI'AN HI-TECH HOLDIN 5.87 06/26/25 CNY 41.07
XIAN LINTONG URBAN I 7.69 04/22/26 CNY 60.00
XIAN LINTONG URBAN I 7.69 04/22/26 CNY 63.55
XI'AN PIONEERING PAR 6.20 05/02/24 CNY 20.42
XI'AN PIONEERING PAR 6.20 05/02/24 CNY 20.42
XIANGCHENG LINGWU UR 7.45 11/10/24 CNY 40.00
XIANGCHENG LINGWU UR 7.45 11/10/24 CNY 40.59
XIANGTAN CITY INFRAS 3.60 08/04/23 CNY 19.97
XIANGTAN CITY INFRAS 3.95 08/04/23 CNY 20.00
XIANGTAN CITY INFRAS 3.95 08/04/23 CNY 20.00
XIANGTAN CITY INFRAS 3.60 08/04/23 CNY 20.00
XIANGTAN JIUHUA ECON 5.00 07/25/26 CNY 59.50
XIANGTAN JIUHUA ECON 5.00 07/25/26 CNY 60.67
XIANGXIANG CITY DONG 6.20 08/03/24 CNY 40.39
XIANGXIANG CITY DONG 6.20 08/03/24 CNY 40.41
XIANGXIANG ECONOMIC 5.28 09/09/23 CNY 20.01
XIANGXIANG ECONOMIC 5.28 09/09/23 CNY 20.01
XIANGXIANG URBAN CON 7.50 10/27/24 CNY 40.00
XIANGXIANG URBAN CON 7.50 10/27/24 CNY 40.81
XIANGYANG CITY HOUSI 6.10 12/15/24 CNY 41.00
XIANGYANG CITY HOUSI 6.10 12/15/24 CNY 41.06
XIANGYANG HIGH TECH 6.25 06/12/24 CNY 20.48
XIANGYANG HIGH TECH 6.25 06/12/24 CNY 20.56
XIANGYANG STATE-OWNE 6.10 07/19/24 CNY 20.00
XIANGYANG STATE-OWNE 6.10 07/19/24 CNY 40.46
XIANNING CITY CONSTR 6.40 06/13/26 CNY 60.00
XIANNING CITY CONSTR 6.40 06/13/26 CNY 62.90
XIANNING CITY CONSTR 5.99 07/27/27 CNY 70.00
XIANNING CITY CONSTR 5.99 07/27/27 CNY 72.69
XIANNING HIGH-TECH I 6.60 06/01/27 CNY 42.04
XIANNING HIGH-TECH I 6.60 06/01/27 CNY 42.05
XIAOCHANG SHUNHE DEV 4.15 10/17/23 CNY 20.00
XIAOGAN URBAN CONSTR 6.35 11/10/27 CNY 70.00
XIAOGAN URBAN CONSTR 6.35 11/10/27 CNY 73.58
XIFENG COUNTY URBAN 8.00 03/14/26 CNY 57.33
XIFENG COUNTY URBAN 8.00 03/14/26 CNY 59.80
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 60.00
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 61.88
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 61.99
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 62.85
XINGAN COUNTY URBAN 5.48 08/03/23 CNY 20.00
XINGAN COUNTY URBAN 5.48 08/03/23 CNY 20.01
XINGYI XINHENG URBAN 7.90 01/31/25 CNY 39.63
XINGYI XINHENG URBAN 7.90 01/31/25 CNY 40.00
XINGYI XINHENG URBAN 8.00 11/21/25 CNY 59.45
XINJIANG UYGUR AR HA 6.55 10/27/24 CNY 40.00
XINJIANG UYGUR AR HA 6.55 10/27/24 CNY 40.87
XINPING URBAN DEVELO 7.70 01/24/26 CNY 62.34
XINYI CITY INVESTMEN 6.99 12/21/25 CNY 61.36
XINYI ECONOMIC DEVEL 6.66 09/27/24 CNY 34.50
XINYI ECONOMIC DEVEL 6.66 09/27/24 CNY 40.40
XINYI URBAN TRANSPOR 5.35 04/24/24 CNY 20.25
XINYI URBAN TRANSPOR 5.35 04/24/24 CNY 23.70
XIPING COUNTY INDUST 7.50 12/26/24 CNY 40.00
XIPING COUNTY INDUST 7.50 12/26/24 CNY 40.90
XISHUI COUNTY FENGZH 6.52 07/28/24 CNY 40.35
XISHUI COUNTY FENGZH 6.52 07/28/24 CNY 42.50
XIUSHAN HUAXING ENTE 7.50 09/25/25 CNY 61.89
XIUSHAN HUAXING ENTE 7.50 09/25/25 CNY 61.89
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XIXIAN NEW DISTRICT 6.99 12/31/25 CNY 60.95
XUCHANG GENERAL INVE 5.74 08/17/24 CNY 40.29
XUZHOU CITY JIAWANG 7.98 05/06/26 CNY 60.50
XUZHOU CITY JIAWANG 7.88 01/28/26 CNY 60.58
XUZHOU CITY JIAWANG 7.88 01/28/26 CNY 61.88
XUZHOU CITY JIAWANG 7.98 05/06/26 CNY 64.28
YAN'AN NEW CITY CONS 5.60 04/21/24 CNY 20.00
YAN'AN NEW CITY CONS 5.60 04/21/24 CNY 20.16
YANBIAN ERTAN WATER 6.50 04/28/27 CNY 63.19
YANCHENG GUANDONG EC 6.42 05/16/24 CNY 20.47
YANCHENG SOUTH DISTR 6.00 03/19/25 CNY 40.67
YANCHENG SOUTH DISTR 4.54 06/26/26 CNY 60.04
YANCHENG SOUTH DISTR 4.54 06/26/26 CNY 62.35
YANGLING URBAN RURAL 7.80 02/20/26 CNY 60.00
YANGLING URBAN RURAL 7.80 06/19/26 CNY 60.00
YANGLING URBAN RURAL 7.80 02/20/26 CNY 61.63
YANGLING URBAN RURAL 7.80 06/19/26 CNY 61.89
YANGO GROUP CO LTD 6.67 10/14/25 CNY 4.15
YANGO GROUP CO LTD 7.30 07/12/25 CNY 11.17
YANGO GROUP CO LTD 6.90 01/22/26 CNY 13.43
YANGO GROUP CO LTD 6.95 04/24/24 CNY 13.44
YANGO GROUP CO LTD 7.00 08/24/24 CNY 13.44
YANGO GROUP CO LTD 7.30 04/24/25 CNY 25.50
YANGXIN TOWN CONSTRU 6.50 04/26/24 CNY 20.29
YANGXIN TOWN CONSTRU 6.50 04/26/24 CNY 20.35
YANGZHOU ECONOMIC & 5.28 07/06/24 CNY 20.36
YANGZHOU ECONOMIC & 5.28 07/06/24 CNY 20.50
YANGZHOU GUANGLING N 3.62 09/07/23 CNY 20.00
YANGZHOU GUANGLING N 3.62 09/07/23 CNY 20.02
YANGZHOU NEW MATERIA 6.80 10/09/24 CNY 40.00
YANGZHOU NEW MATERIA 6.80 10/09/24 CNY 40.73
YIBIN CUIPING DISTRI 5.17 03/28/26 CNY 61.88
YIBIN NANXI CAIYUAN 8.10 07/24/25 CNY 41.73
YIBIN NANXI CAIYUAN 8.10 07/24/25 CNY 60.00
YIBIN NANXI CAIYUAN 8.10 11/28/25 CNY 60.00
YIBIN NANXI CAIYUAN 8.10 11/28/25 CNY 62.17
YICHANG CHUANGYUAN H 7.80 11/06/25 CNY 61.69
YICHANG HIGH-TECH IN 6.10 05/18/24 CNY 20.25
YICHANG HIGH-TECH IN 6.10 05/18/24 CNY 20.27
YICHANG WUJIA NEW CI 6.50 04/20/24 CNY 20.26
YICHANG WUJIA NEW CI 6.50 04/20/24 CNY 20.28
YICHUAN CAIYUAN INDU 6.15 06/12/26 CNY 61.53
YICHUAN CAIYUAN INDU 6.15 06/12/26 CNY 63.00
YICHUN VENTURE CAPIT 6.97 06/10/26 CNY 62.20
YICHUN VENTURE CAPIT 6.97 06/10/26 CNY 63.39
YICHUN YUANZHOU STAT 7.20 03/08/26 CNY 60.00
YICHUN YUANZHOU STAT 7.20 03/08/26 CNY 61.88
YIDU GUOTONG INVESTM 7.00 01/17/26 CNY 61.64
YIDU GUOTONG INVESTM 7.00 01/17/26 CNY 62.00
YIHUA LIFESTYLE TECH 6.88 07/23/20 CNY 35.00
YIHUA LIFESTYLE TECH 6.88 07/16/20 CNY 35.90
YINGCHENG CITY PUYAN 6.50 04/14/24 CNY 20.25
YINGCHENG CITY PUYAN 6.50 04/14/24 CNY 20.26
YINGKOU BEIHAI NEW C 7.19 07/12/24 CNY 20.23
YINGKOU BEIHAI NEW C 7.19 07/12/24 CNY 20.58
YINGKOU BEIHAI NEW C 7.98 01/25/25 CNY 40.00
YINGKOU BEIHAI NEW C 7.98 01/25/25 CNY 41.48
YINGKOU ECO & TECH D 5.20 08/05/23 CNY 19.99
YINGKOU ECO & TECH D 5.20 08/05/23 CNY 20.01
YINGKOU ECO & TECH D 6.98 04/19/24 CNY 20.40
YINGKOU ECO & TECH D 6.98 04/19/24 CNY 20.42
YINGTAN JUNENG INVES 8.00 05/06/26 CNY 60.00
YINGTAN JUNENG INVES 8.00 05/06/26 CNY 64.30
YIWU CITY CONSTRUCTI 5.48 08/18/24 CNY 40.00
YIWU CITY CONSTRUCTI 5.48 08/18/24 CNY 40.56
YIYANG COUNTY CITY C 7.50 06/07/25 CNY 40.00
YIYANG COUNTY CITY C 7.50 06/07/25 CNY 41.66
YIYANG COUNTY CITY C 7.90 11/05/25 CNY 61.84
YIYANG COUNTY CITY C 7.90 11/05/25 CNY 62.01
YIYANG LONGLING CONS 7.60 01/23/26 CNY 60.30
YIYANG LONGLING CONS 7.60 01/23/26 CNY 61.59
YIYANG PROVINCE AREA 5.16 11/23/23 CNY 19.97
YIYANG PROVINCE AREA 4.95 10/13/23 CNY 20.06
YIYANG PROVINCE AREA 4.95 10/13/23 CNY 20.06
YIYANG PROVINCE AREA 5.16 11/23/23 CNY 20.10
YIYANG URBAN CONSTRU 6.43 04/24/25 CNY 41.28
YIYANG URBAN CONSTRU 6.43 04/24/25 CNY 41.35
YIYUAN HONGDING ASSE 7.50 08/17/25 CNY 62.29
YIYUAN HONGDING ASSE 7.50 08/17/25 CNY 64.49
YIZHANG XINGYI CONST 5.49 09/02/24 CNY 40.38
YIZHANG XINGYI CONST 5.49 09/02/24 CNY 40.38
YIZHENG ECONOMY DEVE 6.77 08/22/24 CNY 40.61
YIZHENG ZHONGXIN CON 5.38 12/20/25 CNY 61.57
YIZHENG ZHONGXIN CON 5.38 12/20/25 CNY 61.83
YONG ZHOU CITY DEVEL 5.30 07/13/24 CNY 20.33
YONGAN STATE-OWNED A 8.50 11/26/25 CNY 60.00
YONGAN STATE-OWNED A 8.50 11/26/25 CNY 62.46
YONGCHENG COAL & ELE 7.50 02/02/21 CNY 39.88
YONGXING YINDU INVES 6.93 07/07/24 CNY 20.00
YONGXING YINDU INVES 6.93 07/07/24 CNY 20.24
YONGXING YINDU INVES 6.50 08/14/24 CNY 38.60
YONGXING YINDU INVES 6.50 08/14/24 CNY 40.37
YONGXIU CITY CONSTRU 7.50 05/02/25 CNY 40.00
YONGXIU CITY CONSTRU 7.50 05/02/25 CNY 41.35
YONGXIU CITY CONSTRU 7.80 08/27/25 CNY 61.15
YONGXIU CITY CONSTRU 7.80 08/27/25 CNY 61.53
YOUYANG COUNTY TAOHU 7.50 09/28/25 CNY 60.00
YOUYANG COUNTY TAOHU 7.50 09/28/25 CNY 62.28
YUANJIANG CITY CONST 7.50 01/18/26 CNY 62.37
YUANJIANG CITY CONST 7.50 01/18/26 CNY 62.37
YUANLING CHENZHOU IN 6.50 09/20/24 CNY 40.00
YUANLING CHENZHOU IN 6.50 11/30/24 CNY 40.00
YUANLING CHENZHOU IN 6.50 09/20/24 CNY 40.46
YUANLING CHENZHOU IN 6.50 11/30/24 CNY 40.54
YUDU ZHENXING INVEST 7.50 05/03/25 CNY 40.49
YUDU ZHENXING INVEST 7.50 05/03/25 CNY 41.10
YUEQING CITY STATE O 6.79 12/14/24 CNY 41.15
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 60.00
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 62.84
YUEYANG HUIHUA URBAN 5.78 04/18/24 CNY 20.24
YUEYANG HUIHUA URBAN 5.78 04/18/24 CNY 20.28
YUEYANG HUIHUA URBAN 5.96 07/26/24 CNY 40.36
YUEYANG HUIHUA URBAN 5.96 07/26/24 CNY 40.41
YUEYANG URBAN CONSTR 4.80 01/27/26 CNY 45.19
YUEYANG URBAN CONSTR 4.80 01/27/26 CNY 46.00
YUEYANG YUNXI CITY C 5.18 11/21/23 CNY 20.02
YUHUAN CITY CONSTRUC 3.72 10/21/23 CNY 20.01
YUHUAN CITY CONSTRUC 3.72 10/21/23 CNY 20.01
YUHUAN COUNTY STATE- 6.45 11/23/25 CNY 62.50
YUNCHENG SHUIHU CITY 4.54 11/21/23 CNY 19.90
YUNCHENG SHUIHU CITY 4.54 11/21/23 CNY 19.99
YUNCHENG URBAN CONST 6.30 08/29/24 CNY 39.04
YUNCHENG URBAN CONST 6.30 08/29/24 CNY 40.26
YUNYANG RENHE INVEST 7.49 05/04/25 CNY 41.51
YUNYANG RENHE INVEST 7.49 05/04/25 CNY 41.92
YUSHAN INVESTMENT HO 7.00 04/22/26 CNY 61.72
YUTAI XINDA ECONOMIC 7.50 04/10/26 CNY 59.38
YUTAI XINDA ECONOMIC 7.50 04/10/26 CNY 63.56
ZHANGJIAGANG ECONOMY 5.27 12/13/25 CNY 61.58
ZHANGJIAJIE ECONOMIC 6.47 07/24/27 CNY 59.19
ZHANGJIAJIE ECONOMIC 6.47 07/24/27 CNY 67.30
ZHANGJIAJIE LOULI TO 7.50 03/26/26 CNY 62.65
ZHANGJIAJIE LOULI TO 7.50 03/26/26 CNY 62.65
ZHANGQIU STATE OWNED 3.69 08/09/23 CNY 19.99
ZHANGQIU STATE OWNED 3.69 08/09/23 CNY 20.02
ZHANGZHOU LONGHAI ST 7.35 01/28/26 CNY 60.78
ZHANGZHOU LONGHAI ST 7.35 01/28/26 CNY 62.51
ZHANGZHOU LONGHAI ST 7.47 07/22/26 CNY 83.41
ZHAODONG DONGSHENG C 6.50 01/20/24 CNY 20.19
ZHAODONG DONGSHENG C 6.50 01/20/24 CNY 20.19
ZHAOQING HI-TECH ZON 3.97 08/26/23 CNY 19.99
ZHAOQING HI-TECH ZON 3.97 08/26/23 CNY 19.99
ZHEJIANG CHANGXING H 7.50 12/26/25 CNY 60.00
ZHEJIANG CHANGXING H 7.50 05/16/26 CNY 60.00
ZHEJIANG CHANGXING H 7.50 12/26/25 CNY 62.21
ZHEJIANG CHANGXING H 7.50 05/16/26 CNY 62.25
ZHEJIANG GUOXING INV 5.05 06/14/26 CNY 61.13
ZHEJIANG GUOXING INV 5.05 06/14/26 CNY 61.80
ZHEJIANG HANGZHOU QI 5.99 06/30/24 CNY 20.36
ZHEJIANG HANGZHOU QI 5.99 06/30/24 CNY 20.52
ZHEJIANG HUISHENG IN 4.49 03/15/24 CNY 24.98
ZHEJIANG HUISHENG IN 4.49 03/15/24 CNY 24.98
ZHEJIANG HUZHOU NANX 7.40 03/12/26 CNY 60.00
ZHEJIANG HUZHOU NANX 7.80 08/21/25 CNY 61.88
ZHEJIANG TIANTAI STA 6.50 11/22/24 CNY 41.07
ZHEJIANG TIANTAI STA 6.50 11/22/24 CNY 41.34
ZHEJIANG WUYI CITY C 8.00 08/10/25 CNY 60.00
ZHEJIANG WUYI CITY C 8.00 12/21/25 CNY 60.00
ZHEJIANG WUYI CITY C 8.00 08/10/25 CNY 61.84
ZHEJIANG WUYI CITY C 8.00 12/21/25 CNY 62.47
ZHENGZHOU GENERAL AV 5.98 06/27/24 CNY 20.00
ZHENGZHOU GENERAL AV 5.98 06/27/24 CNY 20.55
ZHENGZHOU GENERAL AV 5.80 10/18/24 CNY 40.00
ZHENGZHOU GENERAL AV 5.80 10/18/24 CNY 40.70
ZHENJIANG DANTU DIST 5.98 11/06/24 CNY 40.84
ZHENJIANG DANTU DIST 5.98 11/06/24 CNY 41.12
ZHENRO REAL ESTATE H 5.45 09/14/24 CNY 25.40
ZHIJIANG WANYUN COMM 7.00 08/29/24 CNY 45.81
ZHONGSHAN TORCH DEVE 5.79 03/23/24 CNY 20.26
ZHONGXIANG CITY CONS 6.50 09/01/24 CNY 40.64
ZHONGXIANG CITY CONS 6.50 09/01/24 CNY 40.68
ZHONGXIANG CITY CONS 7.50 07/05/26 CNY 60.00
ZHONGXIANG CITY CONS 7.50 07/05/26 CNY 63.23
ZHOUSHAN CITY INVEST 6.33 04/04/25 CNY 41.64
ZHOUSHAN CITY INVEST 5.94 10/22/25 CNY 62.17
ZHOUSHAN COMMUNICATI 5.34 04/28/26 CNY 60.00
ZHOUSHAN COMMUNICATI 5.34 04/28/26 CNY 62.35
ZHOUSHAN ISLANDS NEW 7.00 09/25/26 CNY 70.00
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 70.00
ZHOUSHAN ISLANDS NEW 7.00 09/25/26 CNY 74.15
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 74.72
ZHOUSHAN JINJIAN INV 6.80 07/24/26 CNY 63.66
ZHOUSHAN PUTUO DISTR 6.60 01/25/27 CNY 70.00
ZHOUSHAN PUTUO DISTR 6.30 03/21/27 CNY 70.00
ZHOUSHAN PUTUO DISTR 6.30 03/21/27 CNY 73.68
ZHOUSHAN PUTUO DISTR 6.60 01/25/27 CNY 73.80
ZHUCHENG ECONOMIC DE 5.37 07/12/24 CNY 20.01
ZHUCHENG ECONOMIC DE 5.37 07/12/24 CNY 20.30
ZHUJI CITY EAST NEW 3.89 08/26/23 CNY 20.00
ZHUJI CITY EAST NEW 3.89 08/26/23 CNY 20.02
ZHUJI STATE-OWNED AS 5.23 07/18/24 CNY 20.36
ZHUJI STATE-OWNED AS 5.34 06/28/24 CNY 20.39
ZHUJI STATE-OWNED AS 5.34 06/28/24 CNY 22.50
ZHUZHOU GECKOR GROUP 3.78 09/28/23 CNY 20.00
ZHUZHOU GECKOR GROUP 3.78 09/28/23 CNY 20.00
ZHUZHOU HI-TECH AUTO 4.47 11/03/23 CNY 25.02
ZHUZHOU LUSONG STATE 7.00 01/30/25 CNY 41.25
ZHUZHOU LVXIANG INVE 7.09 08/16/24 CNY 40.30
ZHUZHOU LVXIANG INVE 7.09 08/16/24 CNY 40.51
ZHUZHOU RAILWAY INDU 7.50 09/25/24 CNY 40.79
ZHUZHOU XIANGJIAN IN 6.40 08/09/24 CNY 40.00
ZHUZHOU XIANGJIAN IN 6.40 08/09/24 CNY 40.56
ZIBO BANYANG CITY UR 6.80 07/11/26 CNY 62.34
ZIBO BANYANG CITY UR 6.80 07/11/26 CNY 62.34
ZIBO BOSHAN STATE OW 5.63 03/29/24 CNY 20.11
ZIBO BOSHAN STATE OW 5.63 03/29/24 CNY 20.14
ZIBO HIGH TECH CITY 5.28 08/10/24 CNY 40.58
ZIBO HIGH TECH CITY 5.28 08/10/24 CNY 44.80
ZIBO HIGH TECH CITY 5.03 04/03/26 CNY 61.58
ZIGUI COUNTY CHUYUAN 7.08 08/14/27 CNY 70.00
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 70.00
ZIGUI COUNTY CHUYUAN 7.08 08/14/27 CNY 73.34
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 74.68
ZIXING CHENGCHENG IN 6.20 03/16/24 CNY 20.29
ZIXING CHENGCHENG IN 6.20 03/16/24 CNY 20.30
ZIXING CHENGCHENG IN 6.18 08/09/24 CNY 40.00
ZIXING CHENGCHENG IN 6.18 08/09/24 CNY 40.50
ZIXING CITY DEVELOPM 6.00 05/03/24 CNY 20.20
ZIXING CITY DEVELOPM 6.00 05/03/24 CNY 20.20
ZIXING CITY DEVELOPM 6.30 09/26/24 CNY 40.00
ZIXING CITY DEVELOPM 6.30 09/26/24 CNY 40.52
ZIYANG KAILI INVESTM 8.00 02/14/26 CNY 55.30
ZONGYANG INVESTMENT 5.85 04/25/24 CNY 20.00
ZONGYANG INVESTMENT 5.85 04/25/24 CNY 20.28
ZOUCHENG CITY LONGCH 7.50 01/16/29 CNY 70.41
ZUNYI BOZHOU URBAN C 6.60 07/06/24 CNY 20.47
ZUNYI BOZHOU URBAN C 6.60 07/06/24 CNY 20.47
ZUNYI BOZHOU URBAN C 7.85 10/24/24 CNY 37.60
ZUNYI BOZHOU URBAN C 7.85 10/24/24 CNY 40.89
ZUNYI CITY XIANGJIAN 6.99 09/25/24 CNY 38.30
ZUNYI CITY XIANGJIAN 6.99 09/25/24 CNY 40.73
ZUNYI ECONOMIC DEVEL 7.48 08/17/24 CNY 38.16
ZUNYI ECONOMIC DEVEL 7.48 08/17/24 CNY 40.61
ZUNYI HONGHUAGANG DI 6.98 07/25/24 CNY 40.44
ZUNYI HONGHUAGANG DI 6.98 07/25/24 CNY 40.44
ZUNYI NEW DISTRICT D 5.99 04/07/26 CNY 24.85
ZUNYI NEW DISTRICT D 5.99 04/07/26 CNY 30.72
ZUNYI ROAD & BRIDGE 8.00 05/08/29 CNY 67.95
ZUNYI TRAFFIC TRAVEL 7.70 09/27/27 CNY 57.00
ZUNYI TRAFFIC TRAVEL 7.70 09/27/27 CNY 68.69
ZUNYI TRAFFIC TRAVEL 7.90 06/06/29 CNY 69.45
ZUNYI URBAN CONSTRUC 7.50 05/20/24 CNY 40.82
HONG KONG
---------
AIRPORT AUTHORITY 2.63 02/04/51 USD 68.42
AIRPORT AUTHORITY 2.63 02/04/51 USD 68.48
CHINA SOUTH CITY HOL 9.00 12/11/24 USD 58.25
CHINA SOUTH CITY HOL 9.00 10/09/24 USD 58.82
CHINA SOUTH CITY HOL 9.00 07/20/24 USD 61.21
CHINA SOUTH CITY HOL 9.00 06/26/24 USD 61.45
CHINA SOUTH CITY HOL 9.00 04/12/24 USD 64.15
CNAC HK FINBRIDGE CO 3.70 09/22/50 USD 66.89
DR PENG HOLDING HONG 2.50 12/01/25 USD 41.64
GEMDALE EVER PROSPER 4.95 08/12/24 USD 66.34
GLP CHINA HOLDINGS L 2.95 03/29/26 USD 63.80
HAINAN AIRLINES HONG 12.00 10/29/21 USD 2.44
HKCG FINANCE LTD 2.57 06/29/50 HKD 62.07
HKCG FINANCE LTD 2.57 05/26/50 HKD 62.13
HKCG FINANCE LTD 2.94 10/18/49 HKD 67.79
HKCG FINANCE LTD 2.94 10/28/49 HKD 67.98
HNA GROUP INTERNATIO 6.25 10/05/21 USD 3.63
HONG KONG GOVERNMENT 1.00 11/24/41 EUR 63.47
HONG KONG GOVERNMENT 2.38 02/02/51 USD 68.16
HONG KONG GOVERNMENT 2.38 02/02/51 USD 68.27
HONG KONG MORTGAGE C 2.65 07/26/49 HKD 66.30
HONG KONG MORTGAGE C 2.98 04/02/49 HKD 70.60
HONG KONG MORTGAGE C 3.15 03/19/49 HKD 73.11
HONG KONG MORTGAGE C 3.15 02/26/49 HKD 74.02
HONG KONG MORTGAGE C 3.00 01/23/45 HKD 74.62
HONGKONG IDEAL INVES 14.75 10/08/22 USD 4.47
LAI SUN MTN LTD 5.00 07/28/26 USD 70.14
MTR CORP LTD 2.55 06/24/55 HKD 64.04
MTR CORP LTD 2.88 07/27/46 USD 69.94
MTR CORP LTD 2.98 07/17/47 HKD 74.17
XIAOMI BEST TIME INT 4.10 07/14/51 USD 60.15
XIAOMI BEST TIME INT 4.10 07/14/51 USD 60.19
YANGO JUSTICE INTERN 9.25 04/15/23 USD 1.44
YANGO JUSTICE INTERN 7.50 02/17/25 USD 1.52
YANGO JUSTICE INTERN 7.88 09/04/24 USD 1.57
YANGO JUSTICE INTERN 10.25 03/18/22 USD 1.59
YANGO JUSTICE INTERN 10.25 09/15/22 USD 1.67
YANGO JUSTICE INTERN 8.25 11/25/23 USD 1.69
YANGO JUSTICE INTERN 7.50 04/15/24 USD 1.71
YANGO JUSTICE INTERN 5.30 01/11/22 USD 2.05
YANGO JUSTICE INTERN 10.00 02/12/23 USD 2.37
YANLORD LAND HK CO L 5.13 05/20/26 USD 69.00
ZENSUN ENTERPRISES L 12.50 04/23/24 USD 39.96
ZENSUN ENTERPRISES L 12.50 09/13/23 USD 40.00
INDONESIA
---------
BERAU COAL ENERGY TB 2.00 10/15/28 USD 25.13
BERAU COAL ENERGY TB 2.00 10/15/28 USD 25.13
DELTA MERLIN DUNIA T 2.50 06/26/28 USD 23.61
GARUDA INDONESIA PER 6.50 12/28/31 USD 34.26
GARUDA INDONESIA PER 6.50 12/28/31 USD 34.32
INDOFOOD CBP SUKSES 4.75 06/09/51 USD 75.06
INDONESIA GOVERNMENT 3.20 09/23/61 USD 68.11
INDONESIA GOVERNMENT 3.35 03/12/71 USD 68.80
INDONESIA GOVERNMENT 1.30 03/23/34 EUR 73.08
INDONESIA GOVERNMENT 3.05 03/12/51 USD 73.44
INDONESIA GOVERNMENT 1.10 03/12/33 EUR 73.56
KAWASAN INDUSTRI JAB 7.00 12/15/27 USD 67.00
KAWASAN INDUSTRI JAB 7.00 12/15/27 USD 67.17
PERTAMINA PERSERO PT 4.15 02/25/60 USD 74.60
PERTAMINA PERSERO PT 4.15 02/25/60 USD 74.64
PERUSAHAAN PERSEROAN 4.00 06/30/50 USD 71.53
PERUSAHAAN PERSEROAN 4.00 06/30/50 USD 71.73
SRI REJEKI ISMAN TBK 7.25 01/16/25 USD 3.20
SRI REJEKI ISMAN TBK 7.25 01/16/25 USD 3.26
INDIA
-----
ABELLON CO-GEN LTD 0.10 03/31/28 INR 70.43
ACME RANGA REDDY SOL 0.01 08/31/46 INR 16.00
ACME RANGA REDDY SOL 0.01 01/26/46 INR 16.84
ADANI ELECTRICITY MU 3.87 07/22/31 USD 70.67
ADANI ELECTRICITY MU 3.87 07/22/31 USD 70.80
ADANI ELECTRICITY MU 3.95 02/12/30 USD 74.28
ADANI ELECTRICITY MU 3.95 02/12/30 USD 74.89
ADANI PORTS & SPECIA 5.00 08/02/41 USD 67.00
ADANI PORTS & SPECIA 5.00 08/02/41 USD 67.48
ADANI PORTS & SPECIA 3.10 02/02/31 USD 71.21
ADANI PORTS & SPECIA 3.10 02/02/31 USD 71.25
ADANI PORTS & SPECIA 3.83 02/02/32 USD 74.39
ADANI PORTS & SPECIA 3.83 02/02/32 USD 74.39
ADANI RENEWABLE ENER 4.63 10/15/39 USD 73.99
ADANI RENEWABLE ENER 4.63 10/15/39 USD 74.06
ADANI TRANSMISSION S 4.25 05/21/36 USD 74.60
ADANI TRANSMISSION S 4.25 05/21/36 USD 74.72
ALANKRIT ESTATES LTD 0.01 10/20/32 INR 46.88
AMPSOLAR SOLUTION PV 0.01 11/03/37 INR 31.75
AMPSOLAR SOLUTION PV 0.01 10/27/37 INR 31.80
AMRELI POWER PROJECT 0.10 03/31/28 INR 70.43
AMTEK AUTO LTD 0.10 12/07/28 INR 60.49
ANSR GLOBAL CORP PVT 4.00 02/12/30 INR 71.90
APG HABITAT PVT LTD 1.00 09/09/28 INR 68.59
APG INTELLI HOMES PV 1.25 02/04/35 INR 47.87
APG INTELLI HOMES PV 1.25 02/04/35 INR 48.17
ARCHEAN CHEMICAL IND 0.01 11/22/28 INR 63.20
ARVIND SMARTHOMES PV 3.00 11/22/30 INR 65.60
ARVIND SMARTHOMES PV 3.00 02/22/33 INR 69.72
ASSETS CARE & RECONS 2.05 04/30/31 INR 65.61
ASSETS CARE & RECONS 1.00 03/30/29 INR 67.77
ASSETS CARE & RECONS 2.00 03/31/30 INR 68.79
ASSETS CARE & RECONS 2.00 03/30/29 INR 72.28
ASSETS CARE & RECONS 2.00 03/30/29 INR 72.28
AUTHBRIDGE RESEARCH 0.10 12/03/31 INR 45.62
AUTHBRIDGE RESEARCH 0.10 10/14/31 INR 46.13
AUTOMOTIVE EXCHANGE 4.00 10/11/30 INR 61.52
AUTOMOTIVE EXCHANGE 4.00 06/01/30 INR 62.09
BHAGERIA & JAJODIA P 0.01 12/01/32 INR 46.82
BHAVNAGAR BIOMASS PO 0.10 03/31/28 INR 66.86
BIG SHOT INFRA FACIL 0.01 02/23/28 INR 66.60
BIG SHOT INFRA FACIL 0.01 07/18/27 INR 70.05
BIG SHOT INFRA FACIL 0.01 06/30/27 INR 70.34
BIG SHOT INFRA FACIL 0.01 05/20/27 INR 71.01
BIG SHOT INFRA FACIL 0.01 04/20/27 INR 71.51
BODY CUPID PVT LTD 0.01 03/31/31 INR 53.67
BREEZE CONSTRUCTIONS 0.01 06/29/30 INR 53.76
BRITANNIA INDUSTRIES 5.50 06/03/24 INR 28.48
BROIL SOLAR ENERGY P 0.01 09/05/31 INR 49.42
BS ISPAT LTD 0.10 11/30/32 INR 46.13
CASTEX TECHNOLOGIES 1.00 11/02/29 INR 64.07
CHANDRAJYOTI ESTATE 0.01 07/06/30 INR 53.97
CONVERGIA DIGITAL ED 0.10 09/29/31 INR 56.65
CROPIN TECHNOLOGY SO 0.01 01/12/31 INR 60.76
CROPIN TECHNOLOGY SO 0.01 12/20/30 INR 60.95
CROPIN TECHNOLOGY SO 0.01 09/25/27 INR 72.88
CUMULUS TRADING CO P 0.01 05/21/32 INR 46.63
DLF ASPINWAL HOTELS 0.01 10/15/30 INR 50.97
DLF HOME DEVELOPERS 0.01 06/29/30 INR 53.60
DLF HOMES PANCHKULA 0.01 06/29/30 INR 53.76
DLF HOMES SERVICES P 0.01 06/29/30 INR 53.76
DLF LANDS INDIA PVT 0.01 09/29/31 INR 48.56
DLF MIDTOWN PVT LTD 0.01 12/11/27 INR 69.16
DLF PROPERTY DEVELOP 0.01 08/12/30 INR 54.79
DLF PROPERTY DEVELOP 0.01 06/29/30 INR 55.32
DLF REAL ESTATE BUIL 0.01 06/23/30 INR 53.75
DLF RECREATIONAL FOU 0.01 10/15/30 INR 50.97
DLF RESIDENTIAL BUIL 0.01 06/23/30 INR 53.94
DLF RESIDENTIAL DEVE 0.01 06/28/30 INR 57.06
DLF RESIDENTIAL DEVE 0.01 06/28/30 INR 57.06
DLF RESIDENTIAL PART 0.01 11/16/32 INR 46.92
DLF SOUTHERN TOWNS P 0.01 07/09/30 INR 59.35
DLF URBAN PVT LTD 0.01 12/11/27 INR 70.06
DOMUS REAL ESTATE PV 0.01 07/11/30 INR 54.19
ECAP EQUITIES LTD 0.01 03/30/32 INR 50.23
ECAP EQUITIES LTD 0.01 12/28/31 INR 51.22
ECAP EQUITIES LTD 0.01 03/26/31 INR 54.31
EDEL INVESTMENTS LTD 0.01 03/16/33 INR 43.72
EDELCAP SECURITIES L 0.01 03/19/33 INR 43.66
EDELWEISS ASSET RECO 2.00 07/22/29 INR 70.02
EDELWEISS ASSET RECO 2.00 03/28/29 INR 71.18
EDELWEISS ASSET RECO 2.00 01/15/29 INR 71.91
EDELWEISS ASSET RECO 2.00 10/07/28 INR 72.96
EDELWEISS INVESTMENT 0.01 05/31/29 INR 61.12
EDELWEISS RURAL & CO 0.01 03/25/31 INR 54.32
ELP SOLAR ONE PVT LT 0.25 02/27/31 INR 54.00
ENGENDER DEVELOPERS 0.01 03/30/41 INR 21.88
ENGENDER DEVELOPERS 0.01 02/29/32 INR 46.87
ESSAR POWER TRANSMIS 3.00 03/31/43 INR 45.28
ESSAR POWER TRANSMIS 3.00 03/31/43 INR 45.28
EVAAN HOLDINGS PVT L 1.00 02/14/33 INR 52.08
EVIE REAL ESTATE PVT 0.01 01/26/28 INR 70.83
FUTURE RETAIL LTD 5.60 01/22/25 USD 0.28
FUTURE RETAIL LTD 5.60 01/22/25 USD 0.28
GALFAR ENGINEERING & 0.01 12/12/34 INR 36.09
GALLERIA PROPERTY MA 0.01 12/30/31 INR 49.12
GAMMA GAANA LTD 0.01 07/31/31 INR 50.56
GANDHINAGAR WASTEFUE 0.10 03/31/28 INR 69.30
GOLD PLUS GLASS INDU 0.10 03/03/29 INR 62.21
GOLD PLUS GLASS INDU 0.10 03/03/29 INR 62.21
GREEN URJA PVT LTD 0.01 02/14/30 INR 58.24
HCL INFOTECH LTD 0.10 03/31/36 INR 36.44
HITODI INFRASTRUCTUR 0.01 06/30/27 INR 68.30
IBROX AVIATION AND T 0.01 12/15/27 INR 65.08
INDIADOTCOM DIGITAL 0.01 03/01/32 INR 49.19
JAIPRAKASH ASSOCIATE 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VEN 7.00 05/15/17 USD 6.25
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 33.69
JSW PROJECTS LTD 0.50 03/29/33 INR 55.97
JTPM ATSALI LTD 0.01 08/29/48 INR 13.54
JTPM ATSALI LTD 0.01 12/28/28 INR 63.96
JUNAGADH POWER PROJE 0.10 03/31/28 INR 70.43
KANAKADURGA FINANCE 0.01 04/15/36 INR 32.34
KARMALA ROAD PROJECT 0.01 12/09/32 INR 46.13
KIRTIMAAN BUILDERS L 0.01 10/20/32 INR 46.88
KUSHALS RETAIL PVT L 1.00 05/13/29 INR 61.60
L&T FINANCE LTD 6.25 12/03/24 INR 67.84
LITMUS WORLD MARKETI 0.01 03/31/28 INR 70.63
LOK SUVIDHA FINANCE 0.01 11/30/31 INR 46.08
LUMAX INTEGRATED VEN 0.01 05/02/33 INR 46.13
LUMAX INTEGRATED VEN 0.01 03/26/33 INR 46.50
LUMAX INTEGRATED VEN 0.01 03/08/33 INR 46.68
MAHATVA PLASTIC PROD 0.01 03/16/28 INR 66.73
MAHATVA PLASTIC PROD 0.01 01/24/28 INR 67.51
MAHATVA PLASTIC PROD 0.01 11/21/27 INR 68.49
MAHATVA PLASTIC PROD 0.01 05/19/27 INR 71.44
MAHATVA PLASTIC PROD 0.01 05/03/27 INR 71.70
MAHATVA PLASTIC PROD 0.01 03/29/27 INR 72.27
MANJRI DEVELOPERS PV 0.01 08/05/39 INR 26.15
MARGO NETWORKS PVT L 0.01 03/24/32 INR 57.34
MARIS POWER SUPPLY C 2.00 04/18/28 INR 74.66
MAXIMUS ARC LTD 0.01 10/07/26 INR 73.03
MELOSA BUILDERS & DE 0.01 06/29/30 INR 53.76
MENS BUILDCON PVT LT 0.01 06/29/30 INR 53.76
METALITE FUEL INDUST 0.01 06/18/36 INR 35.23
METALITE FUEL INDUST 0.01 03/31/35 INR 38.81
MSP SPONGE IRON LTD 0.10 03/15/36 INR 37.05
MUDIT CEMENT PVT LTD 0.01 03/28/27 INR 70.96
MYTRAH AADHYA POWER 0.01 07/05/35 INR 37.49
MYTRAH ADVAITH POWER 0.01 07/13/36 INR 34.53
MYTRAH AKSHAYA ENERG 0.01 07/13/36 INR 34.53
NANI VIRANI WIND ENE 2.00 06/30/39 INR 45.38
NEEMUCH SOLAR POWER 0.01 08/29/46 INR 16.27
NEEMUCH SOLAR POWER 0.01 01/26/46 INR 17.10
NHAVA SHEVA INTERNAT 0.01 04/14/27 INR 72.02
ORIGAMI CELLULO PVT 0.01 11/14/36 INR 33.58
PALIWAL REAL ESTATE 0.01 09/09/31 INR 47.59
PIRAMAL CAPITAL & HO 8.50 04/18/23 INR 34.25
PRAKASH INDUSTRIES L 5.25 04/30/15 USD 22.63
PRUDENT ARC LTD 0.01 06/28/32 INR 45.59
PRUDENT ARC LTD 0.01 03/30/32 INR 46.48
PRUDENT ARC LTD 0.01 10/04/31 INR 48.31
PRUDENT ARC LTD 0.01 09/02/31 INR 48.77
PUNJAB INFRASTRUCTUR 0.40 10/15/33 INR 50.19
PUNJAB INFRASTRUCTUR 0.40 10/15/32 INR 53.65
PUNJAB INFRASTRUCTUR 0.40 10/15/31 INR 57.38
PUNJAB INFRASTRUCTUR 0.40 10/15/30 INR 61.38
PUNJAB INFRASTRUCTUR 0.40 10/15/29 INR 65.66
PUNJAB INFRASTRUCTUR 0.40 10/15/28 INR 70.25
PURVANCHAL SOLAR POW 0.01 08/29/46 INR 16.27
PURVANCHAL SOLAR POW 0.01 01/26/46 INR 17.10
PYRAMID SAIMIRA THEA 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LT 0.10 08/19/36 INR 33.99
RAMANI ICECREAM CO L 0.01 12/29/35 INR 36.57
RANKGURU TECHNOLOGY 0.01 03/31/27 INR 68.22
RANKGURU TECHNOLOGY 0.01 02/11/27 INR 69.06
REDKITE CAPITAL PVT 2.50 03/30/29 INR 73.05
REI AGRO LTD 5.50 11/13/14 USD 0.50
REI AGRO LTD 5.50 11/13/14 USD 0.50
RELIANCE COMMUNICATI 6.50 11/06/20 USD 1.29
RELIANCE CORPORATE I 0.01 03/19/33 INR 44.18
RELIANCE INDUSTRIES 3.75 01/12/62 USD 69.36
RELIANCE INDUSTRIES 3.75 01/12/62 USD 69.44
RELIANCE INDUSTRIES 3.63 01/12/52 USD 71.02
RELIANCE INDUSTRIES 3.63 01/12/52 USD 71.10
RENEW FAZILKA SOLAR 0.01 01/26/46 INR 16.84
RENEW MEDAK POWER PV 0.01 08/29/46 INR 16.27
RENEW MEDAK POWER PV 0.01 01/26/46 INR 17.10
REWANCHAL SOLAR POWE 0.01 08/29/46 INR 16.27
REWANCHAL SOLAR POWE 0.01 01/26/46 INR 17.10
RIVERIA COMMERCIAL D 0.01 07/08/31 INR 49.40
RMZ ONE PARAMOUNT PV 0.10 03/24/29 INR 60.14
RRB ENERGY LTD 3.50 11/08/32 INR 67.18
SAGAR DEFENCE ENGINE 0.01 02/16/28 INR 66.90
SAHIB FINLEASE LTD 1.00 10/29/29 INR 63.18
SAKET HOLIDAYS RESOR 0.01 06/29/30 INR 54.19
SANJWIN CONSULTING S 0.01 06/01/28 INR 64.14
SBSR POWER CLEANTECH 0.01 06/15/42 INR 21.24
SHERISHA ROOFTOP SOL 0.01 08/12/31 INR 47.13
SHIVAJI MARG MAINTEN 0.01 06/28/30 INR 53.89
SHREE UTTAM STEEL & 0.10 07/12/32 INR 47.59
SKIPPER PLASTICS LTD 1.00 08/16/32 INR 52.61
SOUTH-WEST MINING LT 0.10 03/23/33 INR 63.74
STATE BANK OF INDIA/ 1.10 01/22/31 USD 73.54
STATE BANK OF INDIA/ 1.35 01/28/31 USD 74.74
STATE BANK OF INDIA/ 1.35 02/19/31 USD 74.83
STPL HORTICULTURE PV 0.01 03/31/31 INR 60.07
SUNWORLD SOLAR POWER 0.01 08/31/46 INR 16.26
SUNWORLD SOLAR POWER 0.01 01/26/46 INR 17.10
SURAKSHA REALTY LTD 0.01 03/14/28 INR 66.08
SURBHI INVESTMENTS & 2.50 10/21/28 INR 74.55
SUTARA ROADS & INFRA 0.01 08/31/30 INR 60.06
SUZLON ENERGY LTD 5.75 07/16/19 USD 20.63
SUZLON ENERGY LTD 5.75 07/16/19 USD 20.63
SUZLON ENERGY LTD 0.01 06/26/30 INR 50.53
SVOGL OIL GAS & ENER 5.00 08/17/15 USD 0.61
TN URJA PVT LTD 0.10 02/22/36 INR 37.17
UJAGAR ESTATES LTD 0.01 10/20/32 INR 46.88
UNION BUILDMART PVT 0.01 05/16/33 INR 43.87
UPAKARMA AYURVEDA PV 0.10 10/27/32 INR 56.52
VENTO ENERGY INFRA P 0.01 09/20/39 INR 26.57
VIKRANT FORGE PVT LT 2.00 03/25/33 INR 58.28
WATSUN INFRABUILD PV 4.00 10/16/37 INR 65.28
YBRANT ENGINEERING & 0.01 05/07/31 INR 52.89
YOGINDERA POWERS LTD 0.01 01/24/42 INR 39.27
JAPAN
-----
AVANSTRATE INC 0.25 10/29/32 JPY 9.75
CITY OF KAWASAKI JAP 1.41 08/19/30 AUD 73.42
DEVELOPMENT BANK OF 1.65 05/07/49 EUR 67.06
DEVELOPMENT BANK OF 0.56 11/14/34 EUR 69.79
DEVELOPMENT BANK OF 0.89 07/16/70 JPY 71.28
DEVELOPMENT BANK OF 0.48 12/16/59 JPY 72.01
DEVELOPMENT BANK OF 0.95 04/15/71 JPY 73.05
DEVELOPMENT BANK OF 1.34 03/18/30 AUD 73.33
DEVELOPMENT BANK OF 0.57 06/24/60 JPY 74.01
EAST JAPAN RAILWAY C 0.81 07/23/69 JPY 62.55
EAST JAPAN RAILWAY C 0.99 04/22/70 JPY 67.66
EAST JAPAN RAILWAY C 0.50 07/28/56 JPY 68.57
EAST JAPAN RAILWAY C 1.10 09/15/39 EUR 68.62
EAST JAPAN RAILWAY C 1.14 04/15/71 JPY 71.78
EAST JAPAN RAILWAY C 0.77 12/23/59 JPY 72.12
EAST JAPAN RAILWAY C 1.15 12/18/70 JPY 72.20
EAST JAPAN RAILWAY C 1.18 12/17/71 JPY 72.68
EAST JAPAN RAILWAY C 0.77 09/15/34 EUR 73.34
EAST JAPAN RAILWAY C 0.83 04/22/60 JPY 73.47
EAST JAPAN RAILWAY C 1.21 07/15/71 JPY 73.72
EAST JAPAN RAILWAY C 0.90 07/20/60 JPY 75.12
HIS CO LTD 0.58 02/19/27 JPY 68.02
JAPAN EXPRESSWAY HOL 0.35 08/29/59 JPY 68.74
JAPAN EXPRESSWAY HOL 0.83 03/19/59 JPY 69.71
JAPAN EXPRESSWAY HOL 0.30 06/30/56 JPY 70.21
JAPAN EXPRESSWAY HOL 0.43 02/27/60 JPY 70.60
JAPAN EXPRESSWAY HOL 0.44 10/31/59 JPY 71.15
JAPAN EXPRESSWAY HOL 0.84 03/19/58 JPY 71.48
JAPAN EXPRESSWAY HOL 0.88 03/19/59 JPY 71.74
JAPAN EXPRESSWAY HOL 0.46 06/30/59 JPY 72.06
JAPAN EXPRESSWAY HOL 0.94 03/19/60 JPY 72.59
JAPAN EXPRESSWAY HOL 0.54 06/30/60 JPY 73.35
JAPAN EXPRESSWAY HOL 0.97 03/19/60 JPY 73.38
JAPAN EXPRESSWAY HOL 0.75 03/19/54 JPY 73.46
JAPAN EXPRESSWAY HOL 0.84 03/19/55 JPY 73.99
JAPAN EXPRESSWAY HOL 0.63 03/19/59 JPY 74.15
JAPAN EXPRESSWAY HOL 0.57 08/31/60 JPY 74.16
JAPAN EXPRESSWAY HOL 0.44 03/19/54 JPY 74.18
JAPAN EXPRESSWAY HOL 0.71 03/19/54 JPY 74.21
JAPAN EXPRESSWAY HOL 0.48 08/31/56 JPY 74.86
JAPAN EXPRESSWAY HOL 0.94 03/17/56 JPY 74.89
JAPAN FINANCE ORGANI 1.88 10/15/35 AUD 63.39
JAPAN FINANCE ORGANI 2.00 11/27/35 AUD 64.24
JAPAN FINANCE ORGANI 1.49 12/09/30 AUD 72.98
JAPAN FINANCE ORGANI 0.49 07/28/56 JPY 73.15
JAPAN FINANCE ORGANI 1.49 11/27/30 AUD 73.16
JAPAN FINANCE ORGANI 0.63 04/28/60 JPY 73.69
JAPAN FINANCE ORGANI 0.63 04/30/60 JPY 73.77
JAPAN FINANCE ORGANI 0.63 04/23/60 JPY 73.81
JAPAN FINANCE ORGANI 0.63 04/28/60 JPY 73.83
JAPAN FINANCE ORGANI 1.45 11/27/30 AUD 73.98
JAPAN FINANCE ORGANI 1.44 10/28/30 AUD 74.45
JAPAN FINANCE ORGANI 0.65 01/28/60 JPY 74.51
JAPAN GOVERNMENT FOR 0.50 03/20/60 JPY 74.57
JAPAN GOVERNMENT FOR 0.40 03/20/56 JPY 75.04
JAPAN GOVERNMENT FOR 0.50 03/20/59 JPY 75.27
MITSUBISHI ESTATE CO 1.13 04/18/69 JPY 71.34
MITSUBISHI ESTATE CO 0.79 06/27/56 JPY 73.67
MITSUI FUDOSAN CO LT 1.03 03/17/70 JPY 68.35
MIZUHO FINANCIAL GRO 0.84 04/12/33 EUR 74.55
MIZUHO SECURITIES CO 2.02 12/10/35 USD 67.27
MIZUHO SECURITIES CO 2.05 12/21/35 USD 67.47
MIZUHO SECURITIES CO 2.16 02/01/36 USD 68.19
NIPPON PROLOGIS REIT 1.00 04/15/50 JPY 71.92
OSAKA GAS CO LTD 0.70 09/05/69 JPY 59.13
OSAKA GAS CO LTD 0.55 09/05/58 JPY 67.21
OSAKA GAS CO LTD 0.40 09/03/49 JPY 73.62
OSAKA GAS CO LTD 0.82 06/06/59 JPY 73.62
RAKUTEN CARD CO LTD 1.07 12/17/31 JPY 68.96
RAKUTEN GROUP INC 1.50 12/02/36 JPY 48.53
RAKUTEN GROUP INC 0.90 06/23/34 JPY 48.93
RAKUTEN GROUP INC 1.30 12/02/33 JPY 53.81
RAKUTEN GROUP INC 1.05 12/02/31 JPY 58.71
RAKUTEN GROUP INC 3.00 11/04/60 JPY 59.79
RAKUTEN GROUP INC 0.45 06/25/29 JPY 67.26
RAKUTEN GROUP INC 3.00 12/13/58 JPY 70.01
RAKUTEN GROUP INC 0.80 12/01/28 JPY 71.97
RAKUTEN GROUP INC 2.48 11/04/57 JPY 72.45
SHIZUOKA PREFECTURE 1.41 11/19/30 AUD 73.34
SHIZUOKA PREFECTURE 1.49 09/03/30 AUD 74.54
SUMITOMO MITSUI FINA 2.30 01/12/41 USD 66.28
SUMITOMO MITSUI FINA 2.93 09/17/41 USD 70.25
SUMITOMO MITSUI FINA 3.05 01/14/42 USD 74.06
TAKEDA PHARMACEUTICA 3.38 07/09/60 USD 67.38
TAKEDA PHARMACEUTICA 3.18 07/09/50 USD 69.66
TKJP CORP 1.02 12/15/17 JPY 0.50
TKJP CORP 0.85 03/06/19 JPY 2.02
TKJP CORP 0.58 03/26/21 JPY 2.02
TOHO GAS CO LTD 0.86 04/18/59 JPY 74.04
TOKYO GAS CO LTD 0.53 09/12/59 JPY 66.09
TOKYO GAS CO LTD 0.99 05/28/70 JPY 67.34
TOKYO GAS CO LTD 1.09 09/10/70 JPY 70.15
TOKYO GAS CO LTD 0.69 12/25/57 JPY 72.04
TOKYO GAS CO LTD 0.83 05/28/60 JPY 73.32
TOKYO METRO CO LTD 0.94 01/31/70 JPY 66.41
TOKYO METRO CO LTD 1.07 09/18/70 JPY 70.13
TOKYO METRO CO LTD 1.09 06/12/70 JPY 70.75
TOKYO METRO CO LTD 1.13 01/22/71 JPY 71.70
TOKYO METRO CO LTD 0.77 06/27/59 JPY 72.70
TOKYO METRO CO LTD 0.91 09/17/60 JPY 74.94
UNIZO HOLDINGS CO LT 0.85 05/26/23 JPY 10.00
UNIZO HOLDINGS CO LT 0.80 11/29/23 JPY 10.00
UNIZO HOLDINGS CO LT 0.89 05/29/24 JPY 10.00
UNIZO HOLDINGS CO LT 1.10 11/28/24 JPY 10.00
UNIZO HOLDINGS CO LT 0.99 11/27/26 JPY 10.00
UNIZO HOLDINGS CO LT 1.20 05/28/27 JPY 10.00
UNIZO HOLDINGS CO LT 1.50 11/26/27 JPY 10.00
URBAN RENAISSANCE AG 0.43 03/19/59 JPY 69.23
WEST JAPAN RAILWAY C 1.03 05/21/70 JPY 68.79
WEST JAPAN RAILWAY C 1.10 08/27/70 JPY 70.84
WEST JAPAN RAILWAY C 1.13 04/22/71 JPY 71.51
WEST JAPAN RAILWAY C 0.40 08/27/49 JPY 73.91
WEST JAPAN RAILWAY C 0.86 05/21/60 JPY 74.14
MALAYSIA
--------
AXIATA SPV5 LABUAN L 3.06 08/19/50 USD 69.82
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.26
CAPITAL A BHD 8.00 12/29/28 MYR 0.84
EASTERN & ORIENTAL B 3.80 03/15/28 MYR 0.37
HUME CEMENT INDUSTRI 5.00 05/29/24 MYR 2.00
MALAYAN FLOUR MILLS 5.00 01/24/24 MYR 1.25
MEX I CAPITAL BHD 0.10 07/21/42 MYR 34.70
PENGURUSAN AIR SPV B 1.00 11/11/36 MYR 65.55
PENGURUSAN AIR SPV B 1.00 02/05/36 MYR 67.63
PENGURUSAN AIR SPV B 1.00 11/05/35 MYR 67.90
PENGURUSAN AIR SPV B 1.00 09/28/35 MYR 68.17
PETRONAS CAPITAL LTD 3.40 04/28/61 USD 71.55
PETRONAS CAPITAL LTD 3.40 04/28/61 USD 71.67
SD INTERNATIONAL SUK 7.00 03/12/25 USD 2.13
SD INTERNATIONAL SUK 6.30 05/09/22 USD 2.84
TWL HOLDINGS BHD 5.00 06/14/28 MYR 0.02
YB VENTURES BHD 0.10 09/05/26 MYR 0.03
NEW ZEALAND
-----------
AUCKLAND COUNCIL 2.95 09/28/50 NZD 56.88
HOUSING NEW ZEALAND 1.53 09/10/35 NZD 66.44
NEW ZEALAND GOVERNME 1.75 05/15/41 NZD 63.11
NEW ZEALAND GOVERNME 2.75 05/15/51 NZD 68.57
NEW ZEALAND LOCAL GO 2.00 04/15/37 NZD 65.82
OCEANIA HEALTHCARE L 3.30 09/13/28 NZD 73.15
OCEANIA HEALTHCARE L 2.30 10/19/27 NZD 74.10
PHILIPPINES
-----------
BAYAN TELECOMMUNICAT 15.00 07/15/06 USD 12.75
GLOBE TELECOM INC 3.00 07/23/35 USD 75.24
PHILIPPINE GOVERNMEN 1.75 04/28/41 EUR 65.23
PHILIPPINE GOVERNMEN 2.65 12/10/45 USD 67.44
PHILIPPINE GOVERNMEN 2.95 05/05/45 USD 71.21
PHILIPPINE GOVERNMEN 3.20 07/06/46 USD 73.73
PLDT INC 3.45 06/23/50 USD 67.48
SINGAPORE
---------
APL REALTY HOLDINGS 5.95 06/02/24 USD 58.26
ASL MARINE HOLDINGS 3.00 03/28/25 SGD 41.50
ASL MARINE HOLDINGS 3.00 10/01/26 SGD 41.50
BAKRIE TELECOM PTE L 11.50 05/07/15 USD 0.13
BAKRIE TELECOM PTE L 11.50 05/07/15 USD 0.13
BLD INVESTMENTS PTE 8.63 03/23/15 USD 6.75
DAVOMAS INTERNATIONA 11.00 05/09/11 USD 1.63
DAVOMAS INTERNATIONA 11.00 05/09/11 USD 1.63
DAVOMAS INTERNATIONA 11.00 12/08/14 USD 1.63
DAVOMAS INTERNATIONA 11.00 12/08/14 USD 1.63
DBS BANK LTD 1.15 01/22/50 EUR 49.12
DBS BANK LTD 1.22 02/18/50 EUR 50.49
DBS BANK LTD 1.41 01/23/50 EUR 52.99
DBS BANK LTD 1.42 06/28/49 EUR 53.87
DBS BANK LTD 1.55 06/07/49 EUR 55.71
DBS BANK LTD 1.83 04/12/49 EUR 59.87
DBS BANK LTD 2.95 10/28/51 AUD 66.60
ENERCOAL RESOURCES P 9.25 08/05/14 USD 45.75
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GLP PTE LTD 3.88 06/04/25 USD 72.43
GOLDEN LEGACY PTE LT 6.88 03/27/24 USD 1.92
GOLDEN LEGACY PTE LT 6.88 03/27/24 USD 2.81
INDO INFRASTRUCTURE 2.00 07/30/10 USD 1.00
ITNL OFFSHORE PTE LT 7.50 01/18/21 CNY 18.05
JGC VENTURES PTE LTD 3.00 06/30/25 USD 33.95
LMIRT CAPITAL PTE LT 7.50 02/09/26 USD 58.96
LMIRT CAPITAL PTE LT 7.25 06/19/24 USD 64.70
MICLYN EXPRESS OFFSH 8.75 11/25/18 USD 0.79
MODERNLAND OVERSEAS 4.00 04/30/27 USD 34.00
MODERNLAND OVERSEAS 3.00 04/30/27 USD 34.00
NOMURA INTERNATIONAL 3.17 10/30/44 AUD 54.16
NOMURA INTERNATIONAL 1.38 07/31/44 EUR 57.70
NOMURA INTERNATIONAL 3.30 06/18/50 USD 59.61
NOMURA INTERNATIONAL 2.31 01/06/36 AUD 61.23
NOMURA INTERNATIONAL 2.31 12/03/35 AUD 61.34
NOMURA INTERNATIONAL 19.50 08/28/28 TRY 61.38
NOMURA INTERNATIONAL 7.65 10/04/37 AUD 62.39
NOMURA INTERNATIONAL 3.65 06/18/39 AUD 64.78
NOMURA INTERNATIONAL 5.65 11/28/36 USD 66.68
NOMURA INTERNATIONAL 6.02 07/20/37 USD 68.56
NOMURA INTERNATIONAL 6.25 04/21/37 USD 70.36
NOMURA INTERNATIONAL 3.74 04/20/40 USD 71.51
NOMURA INTERNATIONAL 2.60 06/14/44 KRW 71.62
NOMURA INTERNATIONAL 6.00 02/16/32 USD 74.03
NOMURA INTERNATIONAL 1.82 05/29/35 EUR 74.19
NOMURA INTERNATIONAL 2.45 03/02/31 AUD 74.29
ORO NEGRO DRILLING P 7.50 01/24/24 USD 0.10
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SWIBER CAPITAL PTE L 6.25 10/30/17 SGD 4.20
SWIBER CAPITAL PTE L 6.50 08/02/18 SGD 4.20
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
TEMASEK FINANCIAL I 1.25 11/20/49 EUR 59.16
TEMASEK FINANCIAL I 2.50 10/06/70 USD 63.22
TEMASEK FINANCIAL I 2.50 10/06/70 USD 63.50
TEMASEK FINANCIAL I 2.25 04/06/51 USD 66.50
TEMASEK FINANCIAL I 2.25 04/06/51 USD 66.64
TEMASEK FINANCIAL I 2.75 08/02/61 USD 70.53
TEMASEK FINANCIAL I 2.75 08/02/61 USD 70.61
TEMASEK FINANCIAL I 2.80 08/17/71 SGD 75.17
THETA CAPITAL PTE LT 6.75 10/31/26 USD 71.56
SOUTH KOREA
-----------
BUSAN PORT AUTHORITY 1.65 08/21/40 KRW 71.91
BUSAN PORT AUTHORITY 2.39 10/08/51 KRW 73.10
BUSAN PORT AUTHORITY 2.40 10/15/51 KRW 73.20
BUSAN PORT AUTHORITY 1.85 03/20/40 KRW 74.74
CJ CGV CO LTD 0.50 07/21/52 KRW 18.82
CJ CGV CO LTD 1.00 06/08/51 KRW 21.70
EXPORT-IMPORT BANK O 2.51 12/06/49 AUD 52.92
EXPORT-IMPORT BANK O 2.70 12/22/36 AUD 68.47
EXPORT-IMPORT BANK O 2.65 04/07/36 AUD 70.50
EXPORT-IMPORT BANK O 2.50 06/29/41 USD 73.35
HANA BANK 1.78 08/23/39 KRW 73.62
HANA BANK 1.86 08/23/39 KRW 74.11
HANA BANK 1.80 08/26/40 KRW 74.26
HEUNGKUK FIRE & MARI 5.70 12/29/46 KRW 28.83
KOREA DEVELOPMENT BA 1.85 09/24/49 KRW 62.26
KOREA DEVELOPMENT BA 2.50 09/28/41 AUD 62.67
KOREA DEVELOPMENT BA 2.00 07/31/49 KRW 62.94
KOREA DEVELOPMENT BA 2.00 08/01/49 KRW 63.00
KOREA DEVELOPMENT BA 2.00 08/01/49 KRW 63.00
KOREA DEVELOPMENT BA 2.55 09/28/41 AUD 63.18
KOREA DEVELOPMENT BA 1.86 10/19/50 KRW 63.36
KOREA DEVELOPMENT BA 1.91 09/18/50 KRW 64.64
KOREA DEVELOPMENT BA 2.78 10/18/41 AUD 65.80
KOREA DEVELOPMENT BA 2.14 06/21/49 KRW 66.12
KOREA DEVELOPMENT BA 2.37 09/29/46 KRW 66.34
KOREA DEVELOPMENT BA 2.12 06/21/49 KRW 67.74
KOREA DEVELOPMENT BA 2.30 08/30/51 KRW 67.96
KOREA DEVELOPMENT BA 2.30 08/30/51 KRW 67.96
KOREA DEVELOPMENT BA 2.30 10/11/46 KRW 69.02
KOREA DEVELOPMENT BA 3.19 11/26/41 AUD 69.93
KOREA DEVELOPMENT BA 3.24 11/30/41 AUD 70.49
KOREA DEVELOPMENT BA 2.40 05/20/49 KRW 70.89
KOREA DEVELOPMENT BA 2.55 09/30/36 AUD 71.43
KOREA DEVELOPMENT BA 2.63 07/02/51 KRW 72.28
KOREA DEVELOPMENT BA 2.57 04/01/36 AUD 72.64
KOREA DEVELOPMENT BA 2.42 05/20/49 KRW 72.90
KOREA DEVELOPMENT BA 2.42 02/15/49 KRW 73.20
KOREA DEVELOPMENT BA 1.71 08/09/39 KRW 74.28
KOREA DEVELOPMENT BA 2.50 03/19/49 KRW 74.99
KOREA EAST-WEST POWE 1.42 10/07/49 KRW 47.89
KOREA EAST-WEST POWE 1.70 07/16/50 KRW 51.20
KOREA EAST-WEST POWE 2.16 03/07/49 KRW 59.42
KOREA EAST-WEST POWE 2.23 11/05/48 KRW 60.87
KOREA EAST-WEST POWE 1.47 10/07/39 KRW 61.46
KOREA EAST-WEST POWE 2.52 11/22/51 KRW 62.75
KOREA EAST-WEST POWE 1.70 07/16/40 KRW 62.81
KOREA EAST-WEST POWE 1.78 11/24/40 KRW 63.49
KOREA EAST-WEST POWE 2.18 03/07/39 KRW 70.27
KOREA EAST-WEST POWE 2.56 11/22/41 KRW 71.64
KOREA EAST-WEST POWE 2.30 11/05/38 KRW 72.29
KOREA EAST-WEST POWE 2.62 11/03/41 KRW 72.63
KOREA ELECTRIC POWER 1.71 10/24/49 KRW 61.59
KOREA ELECTRIC POWER 2.30 10/29/48 KRW 71.83
KOREA EXPRESSWAY COR 1.32 08/22/49 KRW 57.85
KOREA EXPRESSWAY COR 1.47 09/25/49 KRW 60.06
KOREA EXPRESSWAY COR 1.52 03/12/50 KRW 60.62
KOREA EXPRESSWAY COR 1.71 10/29/50 KRW 62.93
KOREA EXPRESSWAY COR 1.71 04/09/50 KRW 63.52
KOREA EXPRESSWAY COR 1.81 11/12/50 KRW 64.54
KOREA EXPRESSWAY COR 1.57 08/26/46 KRW 65.05
KOREA EXPRESSWAY COR 1.86 12/23/50 KRW 65.08
KOREA EXPRESSWAY COR 1.79 05/30/49 KRW 65.33
KOREA EXPRESSWAY COR 2.04 08/13/51 KRW 68.33
KOREA EXPRESSWAY COR 1.96 04/11/49 KRW 68.57
KOREA EXPRESSWAY COR 1.98 04/25/49 KRW 68.67
KOREA EXPRESSWAY COR 1.85 10/24/46 KRW 68.98
KOREA EXPRESSWAY COR 2.10 09/09/51 KRW 69.14
KOREA EXPRESSWAY COR 2.00 12/07/48 KRW 69.30
KOREA EXPRESSWAY COR 2.14 07/09/51 KRW 69.31
KOREA EXPRESSWAY COR 1.90 11/10/46 KRW 69.56
KOREA EXPRESSWAY COR 2.20 06/17/51 KRW 70.46
KOREA EXPRESSWAY COR 2.18 03/11/51 KRW 71.00
KOREA EXPRESSWAY COR 2.13 03/19/49 KRW 71.46
KOREA EXPRESSWAY COR 1.58 05/21/40 KRW 71.54
KOREA EXPRESSWAY COR 2.01 05/25/46 KRW 71.56
KOREA EXPRESSWAY COR 2.14 03/08/49 KRW 71.78
KOREA EXPRESSWAY COR 2.15 02/22/49 KRW 71.94
KOREA EXPRESSWAY COR 1.63 06/18/40 KRW 71.96
KOREA EXPRESSWAY COR 2.30 12/03/51 KRW 72.06
KOREA EXPRESSWAY COR 2.20 11/22/48 KRW 72.41
KOREA EXPRESSWAY COR 2.28 04/08/51 KRW 72.42
KOREA EXPRESSWAY COR 2.35 12/16/51 KRW 72.76
KOREA EXPRESSWAY COR 1.73 11/05/40 KRW 73.08
KOREA EXPRESSWAY COR 1.73 04/24/40 KRW 73.61
KOREA EXPRESSWAY COR 2.40 11/11/51 KRW 73.91
KOREA EXPRESSWAY COR 2.39 10/14/51 KRW 73.94
KOREA EXPRESSWAY COR 2.43 11/19/51 KRW 74.31
KOREA EXPRESSWAY COR 1.78 04/02/40 KRW 74.45
KOREA EXPRESSWAY COR 2.30 09/14/48 KRW 74.69
KOREA GAS CORP 1.80 08/22/44 KRW 61.00
KOREA GAS CORP 1.60 10/17/39 KRW 71.38
KOREA GAS CORP 1.66 02/20/40 KRW 71.96
KOREA GAS CORP 1.70 11/28/39 KRW 72.72
KOREA HYDRO & NUCLEA 1.59 05/25/50 KRW 51.89
KOREA HYDRO & NUCLEA 1.58 10/16/49 KRW 52.09
KOREA HYDRO & NUCLEA 1.66 06/15/50 KRW 52.81
KOREA HYDRO & NUCLEA 1.70 11/27/49 KRW 54.04
KOREA HYDRO & NUCLEA 1.78 11/23/50 KRW 54.39
KOREA HYDRO & NUCLEA 1.80 04/02/50 KRW 55.04
KOREA HYDRO & NUCLEA 1.83 04/28/50 KRW 55.78
KOREA HYDRO & NUCLEA 1.82 06/05/49 KRW 56.14
KOREA HYDRO & NUCLEA 2.31 06/29/51 KRW 61.86
KOREA HYDRO & NUCLEA 2.25 10/26/48 KRW 63.34
KOREA HYDRO & NUCLEA 2.45 10/14/51 KRW 63.72
KOREA HYDRO & NUCLEA 1.57 05/25/40 KRW 63.79
KOREA HYDRO & NUCLEA 1.63 06/15/40 KRW 64.29
KOREA HYDRO & NUCLEA 1.59 10/16/39 KRW 64.70
KOREA HYDRO & NUCLEA 1.80 11/23/40 KRW 65.84
KOREA HYDRO & NUCLEA 2.59 11/03/51 KRW 66.31
KOREA HYDRO & NUCLEA 2.41 09/18/47 KRW 66.33
KOREA HYDRO & NUCLEA 1.80 04/02/40 KRW 66.51
KOREA HYDRO & NUCLEA 1.76 11/27/39 KRW 66.65
KOREA HYDRO & NUCLEA 1.81 04/28/40 KRW 66.87
KOREA HYDRO & NUCLEA 2.47 10/17/47 KRW 66.99
KOREA HYDRO & NUCLEA 1.81 06/05/39 KRW 67.83
KOREA HYDRO & NUCLEA 2.31 06/29/41 KRW 71.00
KOREA HYDRO & NUCLEA 2.81 06/05/48 KRW 71.56
KOREA HYDRO & NUCLEA 2.97 02/17/52 KRW 72.01
KOREA HYDRO & NUCLEA 3.02 03/11/52 KRW 72.56
KOREA HYDRO & NUCLEA 2.49 10/14/41 KRW 72.81
KOREA HYDRO & NUCLEA 2.88 05/11/48 KRW 72.83
KOREA HYDRO & NUCLEA 2.60 11/03/41 KRW 74.65
KOREA LAND & HOUSING 1.28 08/23/49 KRW 57.19
KOREA LAND & HOUSING 1.57 05/27/50 KRW 60.84
KOREA LAND & HOUSING 1.54 03/09/50 KRW 61.03
KOREA LAND & HOUSING 1.67 07/07/50 KRW 62.34
KOREA LAND & HOUSING 2.17 10/30/68 KRW 62.40
KOREA LAND & HOUSING 1.65 08/27/50 KRW 62.53
KOREA LAND & HOUSING 1.66 09/18/50 KRW 62.55
KOREA LAND & HOUSING 1.70 06/13/49 KRW 63.88
KOREA LAND & HOUSING 1.74 01/22/50 KRW 63.90
KOREA LAND & HOUSING 1.78 04/29/50 KRW 64.61
KOREA LAND & HOUSING 1.78 04/08/50 KRW 64.79
KOREA LAND & HOUSING 1.61 07/19/46 KRW 65.23
KOREA LAND & HOUSING 1.62 07/27/46 KRW 66.03
KOREA LAND & HOUSING 1.87 05/24/49 KRW 66.78
KOREA LAND & HOUSING 1.97 01/29/51 KRW 67.75
KOREA LAND & HOUSING 1.83 10/19/46 KRW 68.67
KOREA LAND & HOUSING 2.15 09/15/51 KRW 70.10
KOREA LAND & HOUSING 2.15 03/05/51 KRW 70.51
KOREA LAND & HOUSING 1.61 06/10/40 KRW 71.62
KOREA LAND & HOUSING 1.66 08/27/40 KRW 72.17
KOREA LAND & HOUSING 1.68 07/02/40 KRW 72.41
KOREA LAND & HOUSING 2.33 05/25/51 KRW 72.87
KOREA LAND & HOUSING 2.37 10/20/51 KRW 73.54
KOREA LAND & HOUSING 1.89 01/22/41 KRW 74.38
KOREA LAND & HOUSING 2.29 06/22/47 KRW 74.80
KOREA MIDLAND POWER 1.53 02/25/50 KRW 49.23
KOREA MIDLAND POWER 1.69 06/18/50 KRW 51.26
KOREA MIDLAND POWER 1.72 06/18/49 KRW 52.56
KOREA MIDLAND POWER 1.86 11/13/49 KRW 54.41
KOREA MIDLAND POWER 1.95 05/21/49 KRW 56.15
KOREA MIDLAND POWER 1.99 03/26/49 KRW 56.77
KOREA MIDLAND POWER 2.17 02/08/49 KRW 59.68
KOREA MIDLAND POWER 2.17 10/31/48 KRW 60.07
KOREA MIDLAND POWER 2.26 09/10/48 KRW 61.21
KOREA MIDLAND POWER 1.53 02/25/40 KRW 61.67
KOREA MIDLAND POWER 1.64 07/21/40 KRW 62.04
KOREA MIDLAND POWER 1.59 03/18/40 KRW 62.20
KOREA MIDLAND POWER 1.66 08/25/40 KRW 62.43
KOREA MIDLAND POWER 1.66 06/18/40 KRW 62.56
KOREA MIDLAND POWER 1.75 06/18/39 KRW 65.08
KOREA MIDLAND POWER 1.92 10/30/39 KRW 66.72
KOREA MIDLAND POWER 2.87 01/24/52 KRW 67.47
KOREA MIDLAND POWER 1.96 05/21/39 KRW 67.67
KOREA MIDLAND POWER 3.01 02/17/52 KRW 70.14
KOREA MIDLAND POWER 2.19 02/08/39 KRW 70.70
KOREA MIDLAND POWER 2.24 10/31/38 KRW 71.68
KOREA MIDLAND POWER 2.30 09/10/38 KRW 72.21
KOREA MIDLAND POWER 2.83 01/17/42 KRW 74.33
KOREA MINE REHABILIT 3.01 02/26/40 AUD 62.93
KOREA MINE REHABILIT 1.93 07/15/50 KRW 64.17
KOREA MINE REHABILIT 2.07 01/06/51 KRW 66.23
KOREA MINE REHABILIT 3.20 07/15/40 USD 72.84
KOREA MINE REHABILIT 1.90 07/13/40 KRW 73.23
KOREA NATIONAL RAILW 1.46 09/27/49 KRW 59.55
KOREA NATIONAL RAILW 1.51 10/11/49 KRW 60.25
KOREA NATIONAL RAILW 1.59 05/21/50 KRW 60.81
KOREA NATIONAL RAILW 1.64 02/19/50 KRW 62.32
KOREA NATIONAL RAILW 1.65 02/03/50 KRW 62.68
KOREA NATIONAL RAILW 1.76 04/23/50 KRW 63.85
KOREA NATIONAL RAILW 1.75 11/20/49 KRW 63.90
KOREA NATIONAL RAILW 1.85 11/05/49 KRW 65.64
KOREA NATIONAL RAILW 1.72 06/28/46 KRW 66.41
KOREA NATIONAL RAILW 1.93 05/16/49 KRW 67.29
KOREA NATIONAL RAILW 2.03 08/06/51 KRW 67.79
KOREA NATIONAL RAILW 2.10 03/25/51 KRW 68.96
KOREA NATIONAL RAILW 2.15 07/13/51 KRW 69.05
KOREA NATIONAL RAILW 1.90 06/13/46 KRW 69.23
KOREA NATIONAL RAILW 1.65 06/24/40 KRW 71.72
KOREA NATIONAL RAILW 2.20 11/13/48 KRW 72.03
KOREA NATIONAL RAILW 2.36 10/08/51 KRW 73.09
KOREA NATIONAL RAILW 2.13 04/04/46 KRW 73.22
KOREA NATIONAL RAILW 2.41 11/17/51 KRW 73.44
KOREA NATIONAL RAILW 2.28 09/12/48 KRW 73.82
KOREA OCEAN BUSINESS 1.50 09/27/49 KRW 59.71
KOREA OCEAN BUSINESS 1.59 05/22/50 KRW 60.81
KOREA OCEAN BUSINESS 1.63 12/11/49 KRW 61.83
KOREA OCEAN BUSINESS 1.67 06/16/50 KRW 61.94
KOREA OCEAN BUSINESS 1.69 10/27/50 KRW 62.16
KOREA OCEAN BUSINESS 1.70 04/16/50 KRW 62.42
KOREA OCEAN BUSINESS 2.01 03/28/49 KRW 68.43
KOREA OVERSEAS INFRA 1.76 10/28/50 KRW 63.00
KOREA RAILROAD CORP 1.31 08/29/49 KRW 57.13
KOREA RAILROAD CORP 1.44 07/26/49 KRW 59.42
KOREA RAILROAD CORP 1.47 09/19/49 KRW 59.59
KOREA RAILROAD CORP 1.56 03/18/50 KRW 60.73
KOREA RAILROAD CORP 1.61 08/12/50 KRW 61.18
KOREA RAILROAD CORP 1.59 07/18/49 KRW 61.29
KOREA RAILROAD CORP 1.67 04/14/50 KRW 62.40
KOREA RAILROAD CORP 2.04 07/22/51 KRW 66.98
KOREA RAILROAD CORP 2.01 04/24/49 KRW 68.57
KOREA RAILROAD CORP 2.00 04/05/49 KRW 68.62
KOREA RAILROAD CORP 1.88 10/27/46 KRW 68.68
KOREA RAILROAD CORP 1.94 11/03/46 KRW 69.68
KOREA RAILROAD CORP 1.88 10/25/38 EUR 69.69
KOREA RAILROAD CORP 2.19 04/14/51 KRW 70.24
KOREA RAILROAD CORP 2.13 03/13/49 KRW 70.90
KOREA RAILROAD CORP 1.41 04/11/39 EUR 71.48
KOREA SMES AND START 1.87 03/24/50 KRW 65.64
KOREA SMES AND START 1.31 08/09/39 KRW 68.91
KOREA SMES AND START 1.64 10/16/40 KRW 71.24
KOREA SMES AND START 1.76 09/03/40 KRW 73.02
KOREA SMES AND START 1.78 03/20/40 KRW 73.66
KOREA SOUTH-EAST POW 1.65 06/11/50 KRW 50.63
KOREA SOUTH-EAST POW 1.69 06/26/49 KRW 52.10
KOREA SOUTH-EAST POW 1.96 01/26/51 KRW 55.06
KOREA SOUTH-EAST POW 2.19 11/09/48 KRW 60.28
KOREA SOUTH-EAST POW 2.47 11/09/51 KRW 62.10
KOREA SOUTH-EAST POW 1.63 06/11/40 KRW 62.29
KOREA SOUTH-EAST POW 1.68 06/26/39 KRW 64.26
KOREA SOUTH-EAST POW 1.97 01/26/41 KRW 65.66
KOREA SOUTH-EAST POW 2.60 07/26/48 KRW 66.59
KOREA SOUTH-EAST POW 2.77 04/12/48 KRW 68.67
KOREA SOUTH-EAST POW 3.13 03/28/52 KRW 71.51
KOREA SOUTH-EAST POW 2.32 11/09/38 KRW 72.42
KOREA SOUTHERN POWER 1.29 08/13/49 KRW 46.27
KOREA SOUTHERN POWER 1.63 12/19/49 KRW 50.81
KOREA SOUTHERN POWER 1.68 06/25/50 KRW 51.02
KOREA SOUTHERN POWER 1.80 11/20/49 KRW 53.54
KOREA SOUTHERN POWER 1.33 08/13/39 KRW 60.34
KOREA SOUTHERN POWER 1.66 06/25/40 KRW 62.56
KOREA SOUTHERN POWER 1.66 06/18/40 KRW 62.56
KOREA SOUTHERN POWER 1.67 12/19/39 KRW 63.40
KOREA SOUTHERN POWER 2.43 09/28/48 KRW 63.56
KOREA SOUTHERN POWER 2.59 11/04/51 KRW 63.99
KOREA SOUTHERN POWER 1.84 11/20/39 KRW 65.67
KOREA SOUTHERN POWER 2.38 07/28/41 KRW 70.26
KOREA SOUTHERN POWER 2.66 11/04/41 KRW 73.00
KOREA SOUTHERN POWER 2.60 06/03/41 KRW 73.78
KOREA STUDENT AID FO 1.41 09/06/39 KRW 70.73
KOREA TREASURY BOND 1.50 09/10/66 KRW 54.98
KOREA TREASURY BOND 1.63 09/10/70 KRW 56.26
KOREA TREASURY BOND 2.00 09/10/68 KRW 65.48
KOREA TREASURY BOND 1.50 03/10/50 KRW 66.77
KOREA TREASURY BOND 1.13 09/10/39 KRW 70.58
KOREA TREASURY BOND 1.88 03/10/51 KRW 71.66
KOREA TREASURY BOND 1.50 09/10/40 KRW 73.77
KOREA TREASURY BOND 2.00 03/10/49 KRW 74.28
KOREA WATER RESOURCE 1.54 03/13/50 KRW 60.74
KOREA WATER RESOURCE 1.63 07/16/49 KRW 62.34
KOREA WATER RESOURCE 1.63 10/21/49 KRW 62.38
KOREA WATER RESOURCE 1.68 07/01/49 KRW 63.09
KOREA WATER RESOURCE 1.71 01/10/50 KRW 63.22
KOREA WATER RESOURCE 1.82 06/22/46 KRW 68.26
KOREA WATER RESOURCE 1.97 12/20/48 KRW 68.33
KOREA WATER RESOURCE 1.83 06/24/46 KRW 68.45
KOREA WATER RESOURCE 2.56 05/26/51 KRW 73.30
KOREA WATER RESOURCE 2.94 03/13/48 KRW 73.64
KOREA WATER RESOURCE 1.74 06/14/39 KRW 74.25
KOREA WESTERN POWER 1.62 05/28/50 KRW 50.26
KOREA WESTERN POWER 1.68 08/27/50 KRW 51.03
KOREA WESTERN POWER 1.76 11/05/50 KRW 52.09
KOREA WESTERN POWER 1.88 12/22/50 KRW 53.60
KOREA WESTERN POWER 2.20 11/01/48 KRW 60.48
KOREA WESTERN POWER 2.25 09/14/48 KRW 61.00
KOREA WESTERN POWER 1.59 05/28/40 KRW 61.94
KOREA WESTERN POWER 1.68 08/27/40 KRW 62.66
KOREA WESTERN POWER 1.69 06/23/40 KRW 62.93
KOREA WESTERN POWER 2.46 09/28/47 KRW 64.81
KOREA WESTERN POWER 2.81 04/20/48 KRW 69.17
KOREA WESTERN POWER 2.50 11/10/41 KRW 71.07
KOREA WESTERN POWER 2.25 11/01/38 KRW 71.74
KOREA WESTERN POWER 2.27 09/14/38 KRW 71.87
KOREA WESTERN POWER 3.20 03/28/52 KRW 72.59
KOREA WESTERN POWER 2.78 01/24/42 KRW 74.40
KT CORP 1.71 06/15/40 KRW 63.86
KT CORP 1.67 10/11/39 KRW 64.37
KT CORP 1.98 01/25/41 KRW 66.36
KT CORP 2.21 01/14/39 KRW 71.44
LG ELECTRONICS INC 2.66 07/06/40 KRW 70.33
LG ELECTRONICS INC 2.83 02/09/41 KRW 71.85
LG UPLUS CORP 2.10 02/02/36 KRW 73.21
LG UPLUS CORP 2.06 01/21/35 KRW 74.33
LG UPLUS CORP 2.94 11/01/41 KRW 74.37
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SANUPKIBANSINBO BUSA 1.89 09/17/41 KRW 64.26
SANUPKIBANSINBO BUSA 1.87 10/01/40 KRW 65.37
SANUPKIBANSINBO BUSA 1.85 10/01/38 KRW 67.94
SANUPKIBANSINBO BUSA 1.83 10/01/36 KRW 70.92
SANUPKIBANSINBO BUSA 1.81 10/01/34 KRW 74.37
SEOUL METROPOLITAN C 1.69 11/22/49 KRW 66.05
SEOUL METROPOLITAN C 1.85 10/30/49 KRW 68.85
SHINHAN BANK CO LTD 1.80 08/29/39 KRW 73.92
SK TELECOM CO LTD 1.56 07/29/49 KRW 50.55
SK TELECOM CO LTD 1.52 07/29/39 KRW 63.04
SK TELECOM CO LTD 1.76 10/19/40 KRW 63.44
SK TELECOM CO LTD 1.89 01/15/41 KRW 64.68
SK TELECOM CO LTD 1.81 10/22/39 KRW 65.51
SK TELECOM CO LTD 1.87 01/14/40 KRW 65.83
SK TELECOM CO LTD 2.23 03/06/39 KRW 71.39
SK TELECOM CO LTD 2.68 10/28/41 KRW 73.72
SK TELECOM CO LTD 2.44 09/17/38 KRW 74.22
SRI LANKA
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SRI LANKA GOVERNMENT 6.75 04/18/28 USD 43.42
SRI LANKA GOVERNMENT 6.20 05/11/27 USD 43.46
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 43.46
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 43.47
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 43.47
SRI LANKA GOVERNMENT 6.75 04/18/28 USD 43.47
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 43.53
SRI LANKA GOVERNMENT 5.75 04/18/23 USD 43.56
SRI LANKA GOVERNMENT 6.35 06/28/24 USD 43.56
SRI LANKA GOVERNMENT 6.85 03/14/24 USD 43.58
SRI LANKA GOVERNMENT 6.20 05/11/27 USD 43.60
SRI LANKA GOVERNMENT 5.75 04/18/23 USD 43.61
SRI LANKA GOVERNMENT 6.85 03/14/24 USD 43.62
SRI LANKA GOVERNMENT 6.35 06/28/24 USD 43.63
SRI LANKA GOVERNMENT 6.83 07/18/26 USD 44.16
SRI LANKA GOVERNMENT 6.83 07/18/26 USD 44.31
SRI LANKA GOVERNMENT 6.85 11/03/25 USD 44.44
SRI LANKA GOVERNMENT 6.85 11/03/25 USD 44.74
SRI LANKA GOVERNMENT 6.13 06/03/25 USD 45.15
SRI LANKA GOVERNMENT 6.13 06/03/25 USD 45.23
SRI LANKA GOVERNMENT 5.88 07/25/22 USD 45.35
SRI LANKA GOVERNMENT 5.88 07/25/22 USD 45.82
SRILANKAN AIRLINES L 7.00 06/25/24 USD 55.73
SRI LANKA GOVERNMENT 8.00 01/01/32 LKR 68.46
SRI LANKA GOVERNMENT 9.00 06/01/43 LKR 72.76
THAILAND
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G STEEL PCL 3.00 10/04/15 USD 0.80
GC TREASURY CENTER C 4.30 03/18/51 USD 73.95
GC TREASURY CENTER C 4.30 03/18/51 USD 73.96
MDX PCL 4.75 09/17/03 USD 22.88
PTT TREASURY CENTER 3.70 07/16/70 USD 67.18
PTT TREASURY CENTER 3.70 07/16/70 USD 67.48
PTTEP TREASURY CENTE 3.90 12/06/59 USD 72.20
PTTEP TREASURY CENTE 3.90 12/06/59 USD 72.33
THAILAND GOVERNMENT 2.50 06/17/71 THB 73.07
THAIOIL TREASURY CEN 3.50 10/17/49 USD 63.43
THAIOIL TREASURY CEN 3.50 10/17/49 USD 63.43
THAIOIL TREASURY CEN 3.75 06/18/50 USD 66.40
THAIOIL TREASURY CEN 3.75 06/18/50 USD 66.62
TAIWAN
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TAIWAN GOVERNMENT BO 0.38 11/27/50 TWD 74.13
TAIWAN SEMICONDUCTOR 2.70 09/22/60 USD 61.97
TAIWAN SEMICONDUCTOR 3.10 09/23/51 USD 72.10
VIETNAM
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BIM LAND JSC 7.38 05/07/26 USD 50.25
NOVALAND INVESTMENT 5.25 07/16/26 USD 26.34
VIETNAM GOVERNMENT B 2.90 08/26/51 VND 70.60
VINPEARL JSC 3.25 09/21/26 USD 73.96
*********
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-
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