---

       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 29, 2023, Vol. 26, No. 173

                           Headlines



A U S T R A L I A

ALLIED CREDIT 2023-2: Moody's Assigns (P)B2 Rating to Cl. F Notes
ATARI ENTERPRISES: First Creditors' Meeting Set for Sept. 1
HARMAC CONSTRUCTIONS: First Creditors' Meeting Set for Sept. 1
LEEUWIN OCEAN: First Creditors' Meeting Set for Aug. 31
NAVIGATE GLOBAL: ASIC Suspends AFS Licence

PARAMOUNT FIRE: First Creditors' Meeting Set for Sept. 5
PEPPER RESIDENTIAL 38: Moody's Assigns (P)B2 Rating to Cl. F Notes
RIGHTSIZE TECHNOLOGY: First Creditors' Meeting Set for Sept. 4


C H I N A

CHINA EVERGRANDE: Delays Restructuring Votes Hours Before Start
CHINA EVERGRANDE: First-Half Net Loss Narrows to US$4.5 Billion
CHINA EVERGRANDE: Loses US$2BB in Value as Trade Resumes
COUNTRY GARDEN: Delays Bond Extension Deadline to Aug. 31


H O N G   K O N G

FWD LIMITED: Moody's Affirms Ba1(hyb) Rating on Subordinated Debt


I N D I A

AASTHA COLD: CARE Keeps D Debt Rating in Not Cooperating Category
ADITHI AUTOMOTIVE: CARE Keeps D Debt Rating in Not Cooperating
AGRON INDIA: Liquidation Process Case Summary
AMRL HITECH: Insolvency Resolution Process Case Summary
AMW MOTORS: Liquidation Process Case Summary

ANUPAM INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
APEX BUSINESS: Liquidation Process Case Summary
APM PROJECTS: ICRA Withdraws B+ Rating on INR12.75cr Term Loan
APOLLO INTERNATIONAL: Ind-Ra Cuts Issuer Rating to BB
ARUN POLYMERS: CARE Keeps D Debt Rating in Not Cooperating

AVIGHNA DAIRY: CARE Keeps D Debt Ratings in Not Cooperating
BHAURAO CHAVAN: ICRA Reaffirms B+ Rating on INR194cr Loan to B+
BLUE AUTOWORLD: CARE Lowers Rating on INR5.5cr LT Loan to C
BVL GRANITES: ICRA Lowers Rating on INR28cr LT Loan to B+
CAIRN INDIA: $345MM Bank Debt Trades at 18% Discount

CHAUDHARY RICE: CARE Keeps C Debt Rating in Not Cooperating
CMI LIMITED: Insolvency Resolution Process Case Summary
DELTA IRON: Liquidation Process Case Summary
DUXTON HILLS: Insolvency Resolution Process Case Summary
EARTH HOME: CARE Keeps C Debt Rating in Not Cooperating Category

ENVIROPOL ENGINEERS: Ind-Ra Keeps BB+ Rating in NonCooperating
EPITOME PETROCHEMICAL: Liquidation Process Case Summary
F. ROBIN POWER: Ind-Ra Hikes LongTerm Issuer Rating to BB+
GANPATI HIGHTECH: Insolvency Resolution Process Case Summary
GO FIRST: Gets Approval for US$12 Million CIRP Cost

GVR BEHARI: CARE Keeps D Debt Rating in Not Cooperating Category
GVR KHANDAPHOD: CARE Keeps D Debt Rating in Not Cooperating
GVR PANNA: CARE Keeps D Debt Rating in Not Cooperating Category
HARIHAR INTERNATIONAL: Liquidation Process Case Summary
INTERNATIONAL PRINT-O-PAC: Insolvency Process Case Summary

JADEJA INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating
JBF INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
KALUNDRE METALIKS: Insolvency Resolution Process Case Summary
MIRAGE CERAMICS: Liquidation Process Case Summary
NOVAREF INDIA: Voluntary Liquidation Process Case Summary

ORIX PACKAGING: ICRA Lowers Rating on INR4.85cr Term Loan to D
POWER CAR: Liquidation Process Case Summary
R N METALS: Insolvency Resolution Process Case Summary
RATNA COTTEX: CARE Keeps D Debt Rating in Not Cooperating Category
RICHI RICH: Insolvency Resolution Process Case Summary

RISHU CONSTRUCTION: CARE Lowers Rating on INR16cr Loans to D
ROHIT JEWELLERS: CARE Keeps D Debt Rating in Not Cooperating
ROOPAM TEXTILES: Insolvency Resolution Process Case Summary
SANTOSH CHARITABLE: CARE Keeps D Debt Ratings in Not Cooperating
SAVALIA COTTON: Insolvency Resolution Process Case Summary

SBI FUNDS: Completes Liquidation of Templeton's 6 MF Schemes
SEGURO FOUNDATIONS: CARE Keeps D Debt Ratings in Not Cooperating
SHARWIN COTTEX: CARE Keeps D Debt Rating in Not Cooperating
SHIB DASS: Insolvency Resolution Process Case Summary
SIGNATURE CERAMIC: ICRA Keeps B+ Debt Rating in Not Cooperating

SKILLAR ENTERPRISE: Insolvency Resolution Process Case Summary
SONI COMMERCIAL: Insolvency Resolution Process Case Summary
SOUVENIR DEVELOPERS: Insolvency Resolution Process Case Summary
STATE OF KERALA: Fitch Alters Outlook on BB LongTerm IDR to Stable
SUDHEER CERAMICS: ICRA Reaffirms B+ Rating on INR54.43cr Loan

SURYA MANUFACTURING: CARE Keeps D Debt Rating in Not Cooperating
VISHWAKARMA COLD: CARE Keeps D Debt Rating in Not Cooperating


N E W   Z E A L A N D

ACCOUNTING CAREER: Court to Hear Wind-Up Petition on Sept. 8
EZIBUY: Administrators Racked up NZD1.5M Bill for Two Months' Work
HARMONEY NZ 2023-1: Moody's Assigns B2 Rating to NZD9.2MM F Notes
LIVING SPACE: Creditors' Proofs of Debt Due on Sept. 29
RAINBOW CORNER: Creditors' Proofs of Debt Due on Sept. 18

RAKAHURI HOLDINGS: Creditors' Proofs of Debt Due on Sept. 21
SANEM DIGITAL: Court to Hear Wind-Up Petition on Sept. 4


P H I L I P P I N E S

DITO CME: Dennis Uy Defends Fire Sale of Company's Shares


S I N G A P O R E

HARAVAN ASIA: Members' Final Meeting Set for Sept. 30
PRESTIGE REALTY: Members' Final Meeting Set for Sept. 28
RUTHIN INVESTMENTS: Creditors' Proofs of Debt Due on Sept. 25
TEDAGUA SINGAPORE: Members' Final Meeting Set for Sept. 25
VAULD: Gets Court Permission for Board Restructuring



X X X X X X X X

[*] BOND PRICING: For the Week Aug. 21, 2023 to Aug. 25, 2023

                           - - - - -


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

ALLIED CREDIT 2023-2: Moody's Assigns (P)B2 Rating to Cl. F Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned the following provisional
ratings to the notes to be issued by AMAL Trustees Pty Ltd as
trustee of Allied Credit ABS Trust 2023-2.

Issuer: Allied Credit ABS Trust 2023-2

AUD238.2 million Class A Notes, Assigned (P)Aaa (sf)

AUD7.5 million Class A-X Notes, Assigned (P)Aaa (sf)

AUD21.9 million Class B Notes, Assigned (P)Aa2 (sf)

AUD11.1 million Class C Notes, Assigned (P)A2 (sf)

AUD5.1 million Class D Notes, Assigned (P)Baa2 (sf)

AUD11.7 million Class E Notes, Assigned (P)Ba2 (sf)

AUD2.7 million Class F Notes, Assigned (P)B2 (sf)

The AUD4.2 million Class G1 and AUD5.1 million Class G2 Notes
(together, the Class G Notes) are not rated by Moody's.

Allied Credit ABS Trust 2023-2 is a cash securitisation of loans
backed by auto, motorcycle, marine or other assets by Allied Credit
Pty Ltd (Allied Credit, unrated). This is Allied Credit's fifth
term ABS transaction.

The loans are to either consumer (68.6%) or commercial (31.4%)
borrowers based in Australia. The loans are backed by motor
vehicles (90.0%), motorcycles (9.1%), marine assets (0.5%) or
recreational vehicles (0.4%).

The receivables were originated by entities either 100% owned by
Allied Credit or 50% owned by Allied Credit together with a joint
venture partner. All receivables were underwritten by Allied
Credit. The receivables are serviced by Allied Retail Finance Pty
Ltd (ARF, unrated), a wholly owned subsidiary of Allied Credit.

Allied Credit, a privately owned company, was established in 2010
with a primary focus on financing of motorcycle and marine consumer
loans. In 2019, Allied expanded into financing of auto loans.

Allied Credit's total loan book was around AUD2.6 billion as of
June 30, 2023. Allied Credit's origination volumes of retail auto
loans grew significantly over 2022, following its acquisition of
the auto dealer finance portfolio in December 2021 from Macquarie
Leasing Pty Limited (Macquarie Leasing), a wholly owned subsidiary
of Macquarie Bank Limited (A1/P-1/Aa3(cr)/P-1(cr)).

RATINGS RATIONALE

The provisional ratings take into account, among other factors,
evaluation of the underlying receivables and their expected
performance, evaluation of the capital structure and credit
enhancement provided to the notes, availability of excess spread
over the life of the transaction, the liquidity facility in the
amount of 2.00% of the rated notes balance, the legal structure,
the experience of ARF as servicer and presence of AMAL Asset
Management Limited (AMAL) as a back-up servicer.

According to Moody's, the transaction benefits from granular
composition of the pool with good geographic diversification.

The key challenge is the presence of the Class A-X Notes. These
notes are not collateralised and repaid senior in the waterfall
from the available income, which reduces the excess spread
available to cover losses.

Another challenge is the limited historical performance data
available for motor vehicle loans. With just over three and a half
years of performance data available, the future performance of
these loans could be subject to greater variability than the
current data indicates.

Key transactional features are as follows:

-- Once step-down conditions are satisfied, all notes, including
Class G Notes, will receive their pro-rata share of principal.
Step-down conditions include, among others, 27% subordination to
the Class A Notes and no unreimbursed charge-offs.

-- [National Australia Bank Limited (Aa3/P-1/Aa2(cr)/P-1(cr)),
Macquarie Bank Limited (A1/P-1/Aa3(cr)/P-1(cr)) and Westpac Banking
Corporation (Aa3/P-1/Aa2(cr)/P-1(cr))] will provide interest rate
swaps in the transaction, hedging the interest rate mismatch
between the assets bearing a fixed rate of interest, and floating
rate liabilities. The swap notional will follow a schedule based on
the amortisation rate of the underlying receivable assuming certain
prepayment rate.

-- AMAL Asset Management Limited is the back-up servicer. If ARF
is terminated as servicer, AMAL will take over the servicing role
in accordance with the standby servicing deed and its back-up
servicing plan.

Key model and portfolio assumptions:

Moody's Portfolio Credit Enhancement ("PCE") — representing the
loss that Moody's expects the portfolio to suffer in the event of a
severe recessionary scenario — is 21%. Moody's mean default for
this transaction is 4.7%. The assumed recovery rate is 33%.
Expected defaults, recoveries and PCE are parameters used by
Moody's to calibrate its lognormal portfolio loss distribution
curve and to associate a probability with each potential future
loss scenario in Moody's cash flow model to rate consumer ABS.

Key pool features are as follows:

-- The pool consists of 68.6% consumer loans and 31.4% of
commercial loans.

-- Interest rates in the portfolio range from 4% to 18%, with a
weighted average interest rate of 10.3%.

-- Loans with balloon payments at the end of the term represent
around 12.7% of the pool. All of these loans are secured by auto.

-- The weighted average seasoning of the portfolio is 6.1 months,
while the weighted average remaining term of the portfolio is 57.4
months.

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Auto Loan- and Lease-Backed ABS" published in
November 2022.

Factors that would lead to an upgrade or downgrade of the ratings:

Up

Levels of credit protection that are greater than necessary to
protect investors against current expectations of loss could lead
to an upgrade of the ratings. Moody's current expectations of loss
could be better than its original expectations because of fewer
defaults by underlying obligors. The Australian job market is a
primary driver of performance.

Down

Levels of credit protection that are insufficient to protect
investors against current expectations of loss could lead to a
downgrade of the ratings. Moody's current expectations of loss
could be worse than its original expectations because of more
defaults by underlying obligors. The Australian job market is a
primary driver of performance. Other reasons for worse performance
than Moody's expects include poor servicing, error on the part of
transaction parties, a deterioration in credit quality of
transaction counterparties, lack of transactional governance and
fraud.

ATARI ENTERPRISES: First Creditors' Meeting Set for Sept. 1
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Atari
Enterprises Trading Company Pty Ltd will be held on Sept. 1, 2023,
at 11:30 a.m. at Quest East Perth, 176 Adelaide Terrace in East
Perth and via virtual meeting technology.

Cameron Shaw, Aaron Dominish, and Richard Albarran of Hall Chadwick
were appointed as administrators of the company on Aug. 22, 2023.


HARMAC CONSTRUCTIONS: First Creditors' Meeting Set for Sept. 1
--------------------------------------------------------------
A first meeting of the creditors in the proceedings of Harmac
Constructions Pty Ltd, Harmac Homes Pty Ltd, Harmac Homes Unit
Trust, and Ridge Homes Pty Ltd will be held on Sept. 1, 2023, at
11:00 a.m. at the offices of Cor Cordis, Level 29, 360 Collins
Street in Melbourne and via virtual meeting technology.

Barry Wight and Shaun Matthews of Cor Cordis were appointed as
administrators of the company on Sept. 1, 2023.


LEEUWIN OCEAN: First Creditors' Meeting Set for Aug. 31
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Leeuwin
Ocean Adventure Foundation Limited will be held on Aug. 31, 2023,
at 12:00 p.m. via virtual meeting.

John Bumbak and Richard Tucker of KordaMentha were appointed as
administrators of the company on Aug. 21, 2023.


NAVIGATE GLOBAL: ASIC Suspends AFS Licence
------------------------------------------
The Australia Securities and Investments Commission (ASIC) has
suspended the Australian financial services (AFS) licence of
Navigate Global Payments Pty Ltd until Oct. 18, 2023, after it was
placed into voluntary administration on June 30, 2023.

On June 30, 2023, Nick Combis of Vincents Chartered Accountants was
appointed as voluntary administrator of Navigate. On the same day,
David Hardy, Sarah Seeckts and Ryan Eagle of KPMG were appointed as
receivers and managers of Navigate.

ASIC encourages clients of Navigate to carefully monitor and watch
for updates from Navigate, as well as from the administrator, and
receivers and managers.

Navigate may apply to the Administrative Appeals Tribunal for a
review of ASIC's decision.

Navigate offered solutions for cross-border payments and online
trading focused on foreign exchange. It allowed users to track
payments, process fund transfers, access on forex deals, and other
account creation support services.  


PARAMOUNT FIRE: First Creditors' Meeting Set for Sept. 5
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Paramount
Fire Protection Pty Ltd will be held on Sept. 5, 2023, at 3:00 p.m.
via teleconference facilities.

Stephen Dixon of Hamilton Murphy Advisory was appointed as
administrator of the company on Aug. 24, 2023.


PEPPER RESIDENTIAL 38: Moody's Assigns (P)B2 Rating to Cl. F Notes
------------------------------------------------------------------
Moody's Investors Service has assigned the following provisional
ratings to notes to be issued by Permanent Custodians Limited as
trustee of Pepper Residential Securities Trust No. 38.

Issuer: Permanent Custodians Limited as trustee of Pepper
Residential Securities Trust No. 38

AUD562.50M Class A1 Notes, Assigned (P)Aaa (sf)

AUD97.50M Class A2 Notes, Assigned (P)Aaa (sf)

AUD50.25M Class B Notes, Assigned (P)Aa2 (sf)

AUD4.50M Class C Notes, Assigned (P)A2 (sf)

AUD12.75M Class D Notes, Assigned (P)Baa2 (sf)

AUD6.75M Class E Notes, Assigned (P)Ba2 (sf)

AUD9.75M Class F Notes, Assigned (P)B2 (sf)

The AUD6.00 million Class G Notes are not rated by Moody's.

The transaction is a securitisation of residential mortgage loans
originated by Pepper Homeloans Pty Limited (Pepper Homeloans,
unrated) and serviced by Pepper Money Limited (Pepper, unrated).
Pepper is an Australian non-bank lender, traditionally specializing
in non-conforming residential lending, with a broad geographical
presence and a national distribution network.

RATINGS RATIONALE

The provisional ratings take into account, among other factors:

-- Evaluation of the underlying receivables and their expected
performance;

-- Evaluation of the capital structure and credit enhancement
provided to the notes;

-- The availability of excess spread over the life of the
transaction;

-- The liquidity facility in the amount of 1.5% of the notes
balance with a floor of AUD1,125,000;

-- The experience of Pepper as the servicer; and

-- The back-up servicer available in this transaction (BNY Trust
Company of Australia Ltd).

According to Moody's, transaction benefits from credit strengths
such as relatively high subordination to the senior notes,
retention mechanism and a yield enhancement reserve. However,
Moody's notes that the transaction features some credit weaknesses
such as a portion of the portfolio extended to borrowers with prior
credit impairment (21.1%), loans granted to self-employed borrowers
(48.6%) and loans underwritten on an alternative documentation
basis (40.7%).

Moody's Individual Loan Analysis (MILAN) stressed loss for the
collateral pool — representing the loss that Moody's expects the
portfolio to suffer in the event of a severe recession scenario —
is 7.6%. Moody's median expected loss for this transaction is 1.3%,
which represents a stressed, through-the-cycle loss relative to
Australian historical data.

The key transactional features are as follows:

-- Junior notes provide 25.0% initial subordination to the Class
A1 Notes, and 12% initial subordination to the Class A2 Notes. The
subordination in excess of the MILAN stressed loss provides
additional credit support in the event that portfolio performance
is worse than expected.

-- Principal collections will be distributed on a sequential basis
at first with A1 and A2 Notes paid on a pro-rata basis prior to the
call option date, and fully sequential on or after the call option
date. Starting from the second anniversary from closing, all notes
(other than the Class G Notes) may participate in proportional
principal collections distribution, subject to the step-down
criteria being satisfied. The step-down criteria include, among
others, no charge-offs that remain unreimbursed on any of the notes
and at least double the initial subordination to the Class A2
Notes. While any of the other notes are outstanding, the Class G
Notes' share of principal will be allocated in reverse sequential
order starting from the Class F Notes.

-- A yield enhancement reserve account will be funded by trapping
excess spread at a rate of 0.3% per annum of the outstanding
principal balance of the portfolio, subject to a maximum balance of
AUD1.5 million. While the Class A1, Class A2 and Class B Notes are
outstanding, the reserve is available to meet the required
payments.

The key portfolio characteristics are as follows:

-- The portfolio has a weighted average scheduled loan-to-value
(LTV) ratio of 69.0%, and a relatively high proportion of loans
(24.9%) with scheduled LTV above 80%.

-- The portfolio has a weighted-average seasoning of 18.4 months.

-- Based on Moody's classification, investment loans represent
31.0% of the portfolio.

-- Loans with an interest only term of up to 5 years represent
19.2% of the portfolio.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Residential
Mortgage-Backed Securitizations methodology" published in July
2023.

This methodology relates to Australian transactions.

Factors that would lead to an upgrade or downgrade of the ratings:

A factor that could lead to a downgrade of the notes is
worse-than-expected collateral performance. The Australian jobs
market and housing market are major drivers of performance. Other
reasons for worse performance than Moody's expects include poor
servicing, error on the part of transaction parties, deterioration
in credit quality of transaction counterparties, fraud and lack of
transactional governance.


RIGHTSIZE TECHNOLOGY: First Creditors' Meeting Set for Sept. 4
--------------------------------------------------------------
A first meeting of the creditors in the proceedings of Rightsize
Technology (Sydney North Shore) Pty Ltd will be held on Sept. 4,
2023, at 10:00 a.m. virtually via teleconference.

Jarvis Lee Archer of Revive Financial was appointed as
administrator of the company on Aug. 23, 2023.




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

CHINA EVERGRANDE: Delays Restructuring Votes Hours Before Start
---------------------------------------------------------------
Bloomberg News reports that China Evergrande Group delayed key
votes on its offshore-debt restructuring plan just hours before
they were to occur Aug. 28, adding to uncertainty in a protracted
process to finalize one of the country's biggest restructurings
ever.

Bloomberg relates that the distressed developer, at the epicenter
of a property crisis that's unleashed record delinquencies in a
threat to China's financial markets, delayed the meetings for the
group and some units to Sept. 25-26, it said in a filing.

According to Bloomberg, Evergrande cited a desire to let creditors
evaluate recent developments including resumption of trading in its
stock, as well as the terms of the proposals. Its shares slumped as
much as 87% in Hong Kong trading following a 17-month halt,
becoming a penny stock.

"Not enough votes is probably the reason for the delay," Bloomberg
quotes Ting Meng, a senior credit strategist at Australia & New
Zealand Banking Group, as saying. It is uncertain whether the
meeting will be further delayed later, she added. While resumption
of share trading helps creditors gauge value as they think about
how to vote, the sharp drop in the stock price has likely given
them more concerns, she said.

Investor patience is running thin. Evergrande shot past previous
targets in unveiling its restructuring plan, and global money
managers are still seeking clarity on what they might recover some
20 months after the firm's first public bond default. The
last-minute change on Aug. 28 is also the second such abrupt delay
from a major distressed Chinese developer in just days, after
Country Garden Holdings Co. pushed back voting Aug. 25 on its
request to extend payment on an onshore bond.

Evergrande did finally unveil its restructuring plan in March,
Bloomberg notes. But in its last update in April, it said that
support still fell short from a key group of investors known as
Class C creditors that entail nearly $15 billion of claims. The
company didn't provide any further updates Monday on the support
level it's gathered.

Creditors had been slated to meet Monday evening [Aug. 28] Beijing
time at the offices of law firms Sidley Austin LLP in Hong Kong and
Maples & Calder in the British Virgin Islands to cast their votes
on the defaulter's offshore debt restructuring plan.

Bloomberg relates that the delay wasn't the first time Evergrande
has rescheduled creditor meetings. It received court approval to
hold votes on its offshore debt restructuring plan in July, with
the so-called scheme meetings originally scheduled for last week.

Bloomberg notes that the gatherings had previously been pushed back
several days, which the builder said was to give creditors time to
consider the implications of a stock sale by the developer's
electric-vehicle unit. Based on March's road map, Evergrande
creditors can receive new notes maturing in 10 to 12 years or a
combination of new debt and instruments tied to the shares of the
automaker, the developer's property-services unit or the builder
itself, says Bloomberg.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
18, 2023, China Evergrande Group, the second largest real estate
developer in China, and certain of its affiliates sought creditor
protection in the United States under Chapter 15 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 23-11332) on Aug. 17.

Evergrande, widely known as the most leveraged company in the
world, and its affiliates are asking the U.S. Bankruptcy Court for
the Southern District of New York for recognition of foreign
proceedings as "foreign main" proceeding under Chapter 15.

Evergrande is in the midst of a highly complex restructuring of
around $20 billion in offshore debt.  In total, the Company has
more than $300 billion in liabilities.

Evergrande is incorporated in the Cayman Islands as an exempted
company with limited liability, with its principal place of
business located at 15th Floor, YF Life Centre, 38 Gloucester Road,
Wanchai, Hong Kong.  It is subject to a restructuring proceeding
entitled In the Matter of China Evergrande Group, concerning a
scheme of arrangement between Evergrande and certain Scheme
Creditors pursuant to the relevant provisions of the Hong Kong
Companies Ordinance (Chapter 622 of the Laws of Hong Kong),
currently pending before the High Court of Hong Kong (Case Number
HCMP 1091/2023.

Affiliate Tianji Holding Limited is incorporated in Hong Kong as a
limited liability company, with its principal place of business
located at 17th Floor, One Island East, Taikoo Place, 18 Westlands
Road, Quarry Bay, Hong Kong. Tianji is subject to a restructuring
proceeding entitled In the Matter of Tianji Holding Limited,
concerning a scheme of arrangement between Tianji and certain
Scheme Creditors, pursuant to the relevant provisions of the Hong
Kong Companies Ordinance and currently pending before the Hong Kong
Court (Case Number HCMP 1090/2023).

Affiliate Scenery Journey Limited is incorporated in the British
Virgin Islands as a limited liability company, with its principal
place of business located at 2nd Floor Water's Edge Building,
Wickham's Cay II, Road Town, Tortola, BVI. Scenery Journey is
subject to a restructuring proceeding entitled In the Matter of
Scenery Journey Limited, concerning a scheme of arrangement between
Scenery Journey and certain Scheme Creditors, pursuant to section
179A of the BVI Business Companies Act, 2004, and currently pending
before the High Court of the Eastern Caribbean Supreme Court (Case
Number BVIHCOM 2023/0076).

U.S. Bankruptcy Judge Michael E Wiles presides over the Chapter 15
proceedings.

Sidley Austin is the Hong Kong Counsel to Evergrande and Tianji.
Maples BVI is the British Virgin Island Counsel to Scenery
Journey.


CHINA EVERGRANDE: First-Half Net Loss Narrows to US$4.5 Billion
---------------------------------------------------------------
Reuters reports that China Evergrande Group, the world's
most-indebted property developer, on Aug. 27 reported a narrower
net loss for the first half of the year, thanks to a rise in
revenue.

Evergrande said its January-June loss was CNY33 billion (US$4.53
billion) versus a CNY66.4 billion loss in the same period a year
earlier, Reuters discloses.

According to Reuters, the developer is at the centre of a crisis in
China's property sector that since late 2021 has seen a string of
debt defaults, unfinished homes and unpaid suppliers, shattering
consumer confidence in the world's second-largest economy.

This month, missed U.S. dollar coupon payments by China's largest
private developer, Country Garden, fanned concern of contagion in
an economy already weakened by tepid domestic and foreign demand,
faltering factory activity and rising unemployment, the report
notes.

In a filing on Aug. 27, Evergrande said first-half revenue rose 44%
from a year earlier to CNY128.2 billion, as it "actively planned
for the resumption of sales and successfully seized the short boom
of the property market that emerged at the beginning of the year".
Cash fell by 6.3% to CNY13.4 billion, Reuters says.

Liabilities slightly dropped to CNY2.39 trillion from CNY2.44
trillion at the end of 2022, while total assets also shrank to
CNY1.74 trillion from CNY1.84 trillion, Reuters discloses.

The developer posted a combined net loss of $81 billion for 2021
and 2022 in a long-overdue earnings report last month, versus an
CNY8.1 billion profit in 2020.

As with Evergrande's previous two annual financial statements,
auditor Prism Hong Kong and Shanghai has not issued a conclusion on
this report, citing multiple uncertainties relating to the business
as a going concern, including future cashflow, Reuters relates.

According to Reuters, Evergrande said its ability to continue will
depend on a successful implementation of an offshore debt
restructuring plan, and successful negotiations with the rest of
the lenders on repayment extensions.

Evergrande filed for U.S. bankruptcy protection earlier this month
as part of one of the world's biggest debt restructuring
operations.

Reuters says courts in Hong Kong and the Cayman Islands will decide
in early September whether to approve an offshore debt
restructuring plan involving $31.7 billion worth of instruments
including bonds, collateral and repurchase obligations. Creditors
voted on the plan last week and the developer has yet to disclose
the result.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
18, 2023, China Evergrande Group, the second largest real estate
developer in China, and certain of its affiliates sought creditor
protection in the United States under Chapter 15 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 23-11332) on Aug. 17.

Evergrande, widely known as the most leveraged company in the
world, and its affiliates are asking the U.S. Bankruptcy Court for
the Southern District of New York for recognition of foreign
proceedings as "foreign main" proceeding under Chapter 15.

Evergrande is in the midst of a highly complex restructuring of
around $20 billion in offshore debt.  In total, the Company has
more than $300 billion in liabilities.

Evergrande is incorporated in the Cayman Islands as an exempted
company with limited liability, with its principal place of
business located at 15th Floor, YF Life Centre, 38 Gloucester Road,
Wanchai, Hong Kong.  It is subject to a restructuring proceeding
entitled In the Matter of China Evergrande Group, concerning a
scheme of arrangement between Evergrande and certain Scheme
Creditors pursuant to the relevant provisions of the Hong Kong
Companies Ordinance (Chapter 622 of the Laws of Hong Kong),
currently pending before the High Court of Hong Kong (Case Number
HCMP 1091/2023.

Affiliate Tianji Holding Limited is incorporated in Hong Kong as a
limited liability company, with its principal place of business
located at 17th Floor, One Island East, Taikoo Place, 18 Westlands
Road, Quarry Bay, Hong Kong. Tianji is subject to a restructuring
proceeding entitled In the Matter of Tianji Holding Limited,
concerning a scheme of arrangement between Tianji and certain
Scheme Creditors, pursuant to the relevant provisions of the Hong
Kong Companies Ordinance and currently pending before the Hong Kong
Court (Case Number HCMP 1090/2023).

Affiliate Scenery Journey Limited is incorporated in the British
Virgin Islands as a limited liability company, with its principal
place of business located at 2nd Floor Water's Edge Building,
Wickham's Cay II, Road Town, Tortola, BVI. Scenery Journey is
subject to a restructuring proceeding entitled In the Matter of
Scenery Journey Limited, concerning a scheme of arrangement between
Scenery Journey and certain Scheme Creditors, pursuant to section
179A of the BVI Business Companies Act, 2004, and currently pending
before the High Court of the Eastern Caribbean Supreme Court (Case
Number BVIHCOM 2023/0076).

U.S. Bankruptcy Judge Michael E Wiles presides over the Chapter 15
proceedings.

Sidley Austin is the Hong Kong Counsel to Evergrande and Tianji.
Maples BVI is the British Virgin Island Counsel to Scenery
Journey.


CHINA EVERGRANDE: Loses US$2BB in Value as Trade Resumes
--------------------------------------------------------
Reuters reports that China Evergrande Group lost as much as $2
billion, or 80% of its market value, on Aug. 28 after its shares
resumed trading in a crucial step for the world's most indebted
property firm as it seeks to restructure its offshore debt.

Evergrande is at the centre of a crisis in China's property sector
that has seen a string of debt defaults since late 2021, and its
stock has been suspended for 17 months.

The developer is in the process of getting approvals from creditors
and the courts to implement the debt restructuring plan. The
company said the voting record time will be extended to Sept 20,
from Aug 23.

In a filing on Aug. 28, Evergrande also said the scheme meetings
with creditors will be adjourned to Sept. 26 from Aug. 28, as "it
is crucial that all . . . creditors understand the process of the
proposed restructuring and the terms".

According to Reuters, Evergrande needs approval from more than 75%
of the holders of each debt class to approve the plan, which offers
creditors with a basket of options to swap debt for new bonds and
equity-linked instruments backed by its stocks and those of its
Hong Kong-listed units.

Its Hong Kong listed shares plunged 79% to HK0.35 in the afternoon
session, narrowing losses from 87% at the opening. Market
capitalisation shrank to HK$4.6 billion ($586.38 million from
HK$21.8 billion ($2.78 billion) from when it last traded.

Reuters says the stock has been suspended since March 21, 2022, and
resumed trading after the company said it had fulfilled all
conditions by the Hong Kong Stock Exchange.

Its units, China Evergrande New Energy Vehicle Group and Evergrande
Property Services Group, have both resumed trading in the past
month after a 16 month halt.

Evergrande would have faced delisting if the suspension had reached
18 months.

"Going forward things will continue to be difficult for both its
operations and share performance," Reuters quotes Steven Leung,
Hong Kong-based director of UOB Kay Hian, as saying.

"There's little hope that Evergrande can rely on selling houses to
repay debt because homebuyers would prefer state-owned developers,
and it won't be able to benefit from stimulus policies."

Evergrande's valuation hit an all-time high of close to HK$420
billion in 2017, Reuters discloses.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
18, 2023, China Evergrande Group, the second largest real estate
developer in China, and certain of its affiliates sought creditor
protection in the United States under Chapter 15 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 23-11332) on Aug. 17.

Evergrande, widely known as the most leveraged company in the
world, and its affiliates are asking the U.S. Bankruptcy Court for
the Southern District of New York for recognition of foreign
proceedings as "foreign main" proceeding under Chapter 15.

Evergrande is in the midst of a highly complex restructuring of
around $20 billion in offshore debt.  In total, the Company has
more than $300 billion in liabilities.

Evergrande is incorporated in the Cayman Islands as an exempted
company with limited liability, with its principal place of
business located at 15th Floor, YF Life Centre, 38 Gloucester Road,
Wanchai, Hong Kong.  It is subject to a restructuring proceeding
entitled In the Matter of China Evergrande Group, concerning a
scheme of arrangement between Evergrande and certain Scheme
Creditors pursuant to the relevant provisions of the Hong Kong
Companies Ordinance (Chapter 622 of the Laws of Hong Kong),
currently pending before the High Court of Hong Kong (Case Number
HCMP 1091/2023.

Affiliate Tianji Holding Limited is incorporated in Hong Kong as a
limited liability company, with its principal place of business
located at 17th Floor, One Island East, Taikoo Place, 18 Westlands
Road, Quarry Bay, Hong Kong. Tianji is subject to a restructuring
proceeding entitled In the Matter of Tianji Holding Limited,
concerning a scheme of arrangement between Tianji and certain
Scheme Creditors, pursuant to the relevant provisions of the Hong
Kong Companies Ordinance and currently pending before the Hong Kong
Court (Case Number HCMP 1090/2023).

Affiliate Scenery Journey Limited is incorporated in the British
Virgin Islands as a limited liability company, with its principal
place of business located at 2nd Floor Water's Edge Building,
Wickham's Cay II, Road Town, Tortola, BVI. Scenery Journey is
subject to a restructuring proceeding entitled In the Matter of
Scenery Journey Limited, concerning a scheme of arrangement between
Scenery Journey and certain Scheme Creditors, pursuant to section
179A of the BVI Business Companies Act, 2004, and currently pending
before the High Court of the Eastern Caribbean Supreme Court (Case
Number BVIHCOM 2023/0076).

U.S. Bankruptcy Judge Michael E Wiles presides over the Chapter 15
proceedings.

Sidley Austin is the Hong Kong Counsel to Evergrande and Tianji.
Maples BVI is the British Virgin Island Counsel to Scenery
Journey.


COUNTRY GARDEN: Delays Bond Extension Deadline to Aug. 31
---------------------------------------------------------
Reuters reports that Country Garden Holdings has delayed from Aug.
25 until Aug. 31 the deadline for holders of a private yuan bond to
vote on its new plan to extend its repayment schedule, a filing
seen by Reuters showed.

The deadline has been postponed to give bondholders more time to
consider the plan, according to the filing.

Reuters notes that China's largest private developer earlier this
month missed two dollar coupon payments totalling $22.5 million,
raising fears that the country's deepening property debt crisis
will hamper the financial sector and a broader economic recovery.

According to the new repayment plan, Country Garden will repay the
onshore private bond due Sept. 2 in seven installments ending in
September 2026, Reuters relays. Three initial installments will be
made this year, with 2% of the principal each. The coupon will be
kept at the same rate at 5.65% and paid annually.

Reuters relates that a person in the company said that because most
of its funds are locked up in the escrow account of project
companies to ensure the delivery of homes over the next two years,
there is little cash left for repaying debt at the group level.

The person, who declined to be named because he was not authorized
to speak to media, added that 60% of the company's total onshore
bond maturities are concentrated over the rest of this year, so
repayment extensions could give it time to improve its operations
and cashflow, according to Reuters.

Reuters says the developer has suspended trading in 11 of its
onshore bonds worth more than CNY16 billion since Aug. 14, in a
move that traders said usually signals plans to seek repayment
extensions.

In September alone, Country Garden has a CNY5.8 billion onshore
bond maturing and a CNY48 million coupon due, as well as put
options on a further CNY3.4 billion of paper.

                        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.




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

FWD LIMITED: Moody's Affirms Ba1(hyb) Rating on Subordinated Debt
-----------------------------------------------------------------
Moody's Investors Service has assigned a Baa2 issuer rating to FWD
Group Holdings Limited (FWD Group or the group). The outlook is
positive.

At the same time, Moody's has affirmed the A3 insurance financial
strength rating (IFSR) of FWD Life Insurance Company (Bermuda)
Limited (FWD Life HK) and the Baa2 issuer and senior unsecured debt
and Ba1(hyb) junior subordinated perpetual capital securities
ratings of FWD Limited (FL). Moody's has also changed the outlooks
of FWD Life HK and FL to positive from stable.

RATINGS RATIONALE

FWD Group's notional IFSR and issuer rating

FWD Group's Baa2 issuer rating is two notches below the A3 notional
IFSR of its major life insurance operating entities.

The A3 notional IFSR, which is an indicative rating that would be
assigned to FWD Group's major operating entities that are
unconstrained by a sovereign rating, reflects FWD Group's expanding
market presence and distribution reach across key markets in Asia
with differentiated brand recognition. It also reflects Moody's
view that the group's capitalization and financial flexibility have
strengthened with its recapitalization since 2021.

Following its acquisitions and associated bancassurance
partnerships, FWD Group has become the second largest player in
Thailand (Baa1 stable), and has a significantly expanded
distribution reach in Indonesia (Baa2 stable), Malaysia (A3 stable)
and Vietnam (Ba2 stable). Benefiting from the strong growth in
these markets and the more established operations in Hong Kong SAR,
China (Aa3 stable) and Japan (A1 stable), its underlying value of
new business grew at a 33% compound annual growth rate (CAGR)
between 2019 and 2022 in spite of pandemic disruptions.

In addition, FWD Group's key operating companies across their
various markets have maintained solid local solvency ratios. FWD
Group has received a total of around $1.825 billion pre-IPO capital
injections since December 2021, from its shareholder, PCGI Holdings
Limited, and other investors, which further strengthened the
capital buffers at the group level to support business growth in
markets that are not capital generative yet.

These strengths are partially offset by its earnings track record,
whilst improving, has been impacted by the new business strain from
the strong business growth, and low interest coverage relative to
its current interest expenses. In addition, FWD Group has a growing
exposure to less-developed markets such as Thailand, Indonesia and
Vietnam, which expose the group to higher operational risks and
volatilities than in developed markets.

In addition, current market conditions could increase the
refinancing risks faced by FWD Group, which has around $2.2 billion
of outstanding debt and loans maturing in 2024 and 2025. Moody's
expects such risks could be partly offset by the group's liquidity
buffer, shareholders' support and its historically good access to
capital markets and banks' credit facilities.

The positive outlook reflects Moody's expectation that FWD Group
would continue to improve its profitability through expansion in
its scale and profit emerging from in-force policies, while
maintaining strong capitalization and market position. The expected
improvement in its earnings and a successful execution of its
refinancing plan will also enhance its interest coverage and
financial flexibility.

The two-notch difference between FWD Group's issuer rating and
notional IFSR, as opposed to the three-notch difference under solo
regulation, reflects Moody's view that the increased group-level
regulatory oversight and greater deployment of excess capital at
the holding company level under Hong Kong's Groupwide supervision
(GWS) are likely to reduce the probability of default at the
holding company.

Moody's expects that the outstanding debt instruments issued by FL
and FWD Group Limited (FGL, the Group's Japan and Southeast Asia
operations) will be novated to FWD Group in the near term, and FWD
Group will become the sole issuing entity within the Group going
forward. As such, Moody's has not added further notching to FWD
Group's issuer rating due to structural subordination.

Moody's considers the insurer's governance, as part of Moody's
assessment of the company's environmental, social and governance
(ESG) risks in the assignment of the new rating to FWD Group. The
group's risk management and governance framework is in line with
industry best practices as it is subject to Group-wide supervision
by Hong Kong Insurance Authority. In spite of the concentrated
ownership of FWD Group, governance concern is mitigated by the
presence of 5 independent non-executive directors out of the total
of 11 board directors.

FWD Life HK's IFSR and FL's issuer rating

Moody's approach to FL's and FWD Life HK's ratings places
significant weight on the overall credit profile of FWD Group,
given the way the group manages its capital, with a high degree of
fungibility among the operating entities.

As a result, Moody's also have changed the outlook of FWD Life HK
and FL to positive from stable, in line with FWD Group's outlook.

The A3 IFSR of FWD Life HK also reflects the credit profile of the
combined major operating entities of FWD Group and as such, it is
at the same level as the notional IFSR of FWD Group.

The affirmation of FWD Life HK's A3 IFSR also reflects the
insurer's stable market presence and differentiated branding in
Hong Kong SAR, China.

The insurer has developed multiple channels with good agency
productivity and offers diversified products with low guarantee
rates. However, these strengths are offset by the weak earnings
track record and low earnings coverage of the overall group.

The affirmation of FL's issuer and debt ratings reflects the solid
capital and liquidity position of FWD Group. FL's issuer rating is
rated at the same level as FWD Group's as Moody's expects full
capital fungibility within the whole group.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Moody's could upgrade the ratings of FWD Group, its subsidiaries
and other debts if FWD Group's A3 notional IFSR is upgraded.

FWD Group's notional IFSR could be upgraded if FWD Group continues
to (1) improve its profitability, for example, with positive return
on capital consistently; (2) increase its earnings coverage
consistently; (3) maintains strong capital position with
strengthened internal capital-generating capabilities across key
markets; and/or (4) spread out its debt maturity profile through
its refinancing plans.

Given the positive outlook, a downgrade is unlikely. The outlook of
FWD Group and its subsidiaries could return to stable if (1) the
improvement in its profitability is weaker or slower than Moody's
expectation such that the group continues to record net losses; (2)
the group's adjusted financial leverage rises substantially from
current levels and its earnings coverage further deteriorates,
which could arise from additional debt issuances or much weaker
earnings; (3) the group's capital position deteriorates
significantly — for example, due to volatile capital markets or
changing interest rates — such that its GPCR coverage ratio falls
below 200% on a sustained basis; and/or (4) its distribution
channels are significantly disrupted, resulting in a weaker market
position.

In addition, Moody's may add further notching on FWD Group's issuer
rating owing to structural subordination, if there are still
material debt outstanding at the intermediate holding companies'
level.



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

AASTHA COLD: CARE Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Aastha
Cold Storage (ACS) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.90       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 3, 2022,
placed the rating(s) of ACS under the 'issuer non-cooperating'
category as ACS 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. ACS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 19, 2023, June 29, 2023, July 9, 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).

Deesa-based (Gujarat) Aastha Cold Storage (ACS) is a partnership
firm engaged in the business of providing cold storage services.
Established in the year 2013, ACS is operating from its plant
located at Modasa-Gujarat. ACS has installed capacity of 5000
metric tonnes of storage capacity as on March 31, 2015.


ADITHI AUTOMOTIVE: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Adithi
Automotive Private Limited (AAPL) continue to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.00       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 AAPL under the 'issuer non-cooperating'
category as AAPL 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. AAPL continues to be
noncooperative 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).

Bellary (Karnataka) based, Adithi Automotives Private Limited
(AAPL) was incorporated in the year 2012. AAPL was promoted by Mr.
Gonaguntla Jayaprakash and Ms. Gunuguntla Manoja. The company is
engaged in trading, repairing of light commercial vehicles and
trading of spare parts. AAPL is an authorized dealer for Ashok
Leyland where the dealership will be renewed every two years and it
has 8 showrooms in Hospet, Belgaum and Hubli. Mr. Gonaguntla
Jayaprakash, the Managing Director, who has industry experience of
more than two decades in automobile industry and manages the day
to-day operations of the business.


AGRON INDIA: Liquidation Process Case Summary
---------------------------------------------
Debtor: Agron India Limited
        301, Anna Bhavan, Broach Street,
        D.R. Marg, Masjid Bunder (East),
        Mumbai, MH- 400009

Liquidation Commencement Date:  July 31, 2023

Court: National Company Law Tribunal Mumbai Bench

Liquidator: Sanjay Shrivastava
     205 B Surak-sha Apartment, Hindustan Colony,
            Amravati Road, Nagpur, Maharashtra -440033
            Email: casanjayshrivastava@gmail.com
            Email: agronindia@aaainsolvency.com

            AAA Insolvency Professionals LLP
            144-B, 14th Floor, Mittal Court,
            Nariman Point, Mumbai 40021

Last date for
submission of claims: August 31, 2023


AMRL HITECH: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: M/s. AMRL Hitech City Limited
NH 7, AMRL Sez, Nanguneri Taluk,
        Nanguneri, Tirunelveli – 627108

Insolvency Commencement Date: August 1, 2023

Estimated date of closure of
insolvency resolution process: January 27, 2024 (180 Days)

Court: National Company Law Tribunal, Chennai Bench

Insolvency
Professional: K. Gaurav Kumar
       New No.151, Old No.68, 1st Floor, TTK Road,
              Alwarpet, Chennai – 600018, Tamil Nadu, India.
              Email: piramed121@gmail.com
              Email: cirp.amrl2023@gmail.com


AMW MOTORS: Liquidation Process Case Summary
--------------------------------------------
Debtor: AMW Motors Limited
Bhachau Road, Near Village Kannaiyabe,
        Bhuj Kachchh, Gujarat 370020

Liquidation Commencement Date:  July 28, 2023

Court: National Company Law Tribunal Mumbai Bench-IV

Liquidator: Avil Menezes
     106, 1st Floor, Kanakia Atrium 2, Cross Road ‘A’, Chakala
MIDC,
            Andheri (East), Mumbai 400093
      Email: avil@caavil.com
            Email: cirp.amwmotors@gmail.com

Last date for
submission of claims: August 31, 2023


ANUPAM INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Anupam
Industries (AI) continue to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       1.68       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/           4.95       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 August 18,
2022, placed the rating(s) of AI under the 'issuer non-cooperating'
category as AI 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. AI continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
July 4, 2023, July 14, 2023, July 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).

Established in April 2010 as a partnership firm, Anupam Industries
(AI) was formed by Mr. Anil Kumar Arora, Mr. Ravindra Singh Arora
and Mr. Amit Wadhwa. The firm has set up a manufacturing plant in
Daman to manufacture mild steel (MS) ingots which commenced
operations in November 2012.


APEX BUSINESS: Liquidation Process Case Summary
-----------------------------------------------
Debtor: Apex Business Services Private Limited
Unit No. 26, Ground Floor, Linkway Estate,
        Link Road, Malad (West) Mumbai MH 400064

Liquidation Commencement Date:  July 7, 2023

Court: National Company Law Tribunal, Mumbai Bench-IV

Liquidator: Manoj Anant Mainkar
     B-203, Durvankur Coop. HSG. SOCY Ltd, Sant Janabai Road,
            Near Greater Mumbai Bank, Vile Parle East,
            Mumbai Suburban, Maharashtra ,400057
            Email: manojmmainkar@yahoo.com
            Email: liquidationapex@gmail.com

Last date for
submission of claims: August 31, 2023


APM PROJECTS: ICRA Withdraws B+ Rating on INR12.75cr Term Loan
--------------------------------------------------------------
ICRA has withdrawn the rating assigned to the bank facilities of
APM Projects Private Limited at the request of the company and
based on the No Objection Certificate/Closure Certificate received
from the banker. However, ICRA does not have information to suggest
that the credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position, Rating
Sensitivities, Key Financial indicators have not been captured as
the rated instruments are being withdrawn.

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–        12.75       [ICRA]B+ (Stable); ISSUER NOT
   Fund based                    COOPERATING; Withdrawn
   Term Loan                  

APM Projects Private Limited was incorporated in February 2017 to
offer civil and installation services for the solar projects. It is
promoted by Chaudhary family with key promoter, Mr. Mukesh
Chaudhary, having a decade of experience in civil and installation
for the solar projects through his proprietor ship – APM
Projects. The company has executed civil works and installations
for solar projects for the reputed entities such as Adani Green
Energy Limited, Giriraj Renewable Energy Ltd., Adani Renewable
Energy (RJ) LTD, Howe Engineering Projects India Private Limited,
ACME Cleantech Solutions Pvt Ltd., etc. APM Projects was
established as proprietorship by Mr. Mukesh Chaudhary in 2010 to
focus on civil construction works for the solar projects,
transmission line projects, irrigation projects, residential and
commercial buildings and Pipeline projects. The company has
executed civil works and installations of solar projects for
reputed entities such as Alex Astral Power Private Limited of 25 MW
of solar project, Welspun Energy Limited of total 682 MW of solar
projects in states such as Madya Pradesh, Andhra Pradesh, Rajasthan
and Tamil-nadu, Hindustan Power Projects Limited of 30 MW solar
project, Adani Limited of 648 MW solar projects, etc.


APOLLO INTERNATIONAL: Ind-Ra Cuts Issuer Rating to BB
-----------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Apollo
International Limited's (AIL) Issuer's ratings to 'IND BB (ISSUER
NOT COOPERATING)' from 'IND BBB- (ISSUER NOT COOPERATING)'.

The detailed rating actions are:

-- INR270 mil. Fund-based working capital limit downgraded with
     IND BB (ISSUER NOT COOPERATING)/IND A4+ (ISSUER NOT     
     COOPERATING) rating;

-- INR1,161.1 bil. Non-fund-based working capital limit
     downgraded with IND BB (ISSUER NOT COOPERATING)/IND A4+
     (ISSUER NOT COOPERATING) rating;

-- INR550 mil. Short-term loans downgraded with IND A4+ (ISSUER
     NOT COOPERATING) rating;

-- INR339 mil. Long-term loans due on FY37 downgraded with IND BB

     (ISSUER NOT COOPERATING) rating; and

-- INR679.9 mil. Proposed working capital term loan downgraded
     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 rating was last reviews on
January 14, 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 is in accordance with Ind-Ra's Guidelines on What
Constitutes Non-Cooperation. As per the guidelines, if an issuer
has an investment grade rating outstanding while being
noncooperative for more than six months with Ind-Ra, then the
agency will necessarily downgrade such rating to the non-investment
grade.

The rating of 'IND BB (ISSUER NOT COOPERATING)' might not reflect
AIL's credit strength as the company has been non-cooperative with
the agency since March 3, 2023. Therefore, investors and other
users are advised to take appropriate caution while using these
ratings.

Company Profile

AIL was set up in 1994 as an export arm of Apollo Tyres Ltd (IND
AA+/Stable) for marketing and exporting Apollo Tyres' products
worldwide. Later, it forayed into manufacturing and exports of
leather garments, construction and infrastructure development. AIL
leads the diversification process of the Apollo Group into new
businesses worldwide and is committed to the globalizing the group.
AIL had a consolidated turnover of over USD200 million at FYE21.


ARUN POLYMERS: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Arun
Polymers (AP) 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 August 2, 2022,
placed the rating(s) of AP under the 'issuer non-cooperating'
category as AP 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. AP continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 18, 2023, June 28, 2023, July 8, 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).

Arun Polymers is a proprietorship firm, incorporated in 2013 by Mr.
Arun Kumar. It started commercial operations from April 2013. The
firm is engaged in the business of manufacturing polypropylene sack
bags (PP bags). The manufacturing unit is located in Dindigul
district in the state of Tamil Nadu and has around 40 employees.
The major raw material for the unit is virgin raffia (a by-product
of petroleum) granules which are majorly purchased from Reliance
Industries Limited. The firm had an installed capacity of 100 tons
per month as on March 31, 2016, which has been increased to 250
tons per month as on July 31, 2016. The firm has majority of
customers in Tamil Nadu and Telangana region.


AVIGHNA DAIRY: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Avighna
Dairy Products Private Limited (ADPPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       9.95       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

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

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated July 13, 2022,
placed the rating(s) of ADPPL under the 'issuer non-cooperating'
category as ADPPL 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. ADPPL 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).

Dewas (Madhya Pradesh) based Avighna Dairy Products Private Limited
(ADPPL) was formed in 2007 as a private limited company by Mr.
Nitin Panchal, Mrs. Priya Panchal, Mr. Sunil Kumawat and Mrs. Kanta
Kumawat. The company is engaged in the business of processing of
milk and milk-based products.


BHAURAO CHAVAN: ICRA Reaffirms B+ Rating on INR194cr Loan to B+
---------------------------------------------------------------
ICRA has reaffirmed the ratings on certain bank facilities of
Bhaurao Chavan Sahakari Sakhar Karkhana Limited's (BCSSKL), as:

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long-term          194.00      [ICRA]B+ (Stable); rating
   fund-based–                    reaffirmed and removed from
   Working capital                Issuer Not Cooperating
   facilities                     category; rating assigned for
                                  enhanced amount

   Long-term          131.00      [ICRA]B+ (Stable); assigned
   fund-based–
   Term loans         

Rationale

The rating continues to be constrained by BCSSKL weak financial
risk profile, characterised by low operating profitability, high
leverage and weak coverage indicators due to high reliance on
external debt even as the company has reduced the debt levels over
the previous years. Further, the repayment obligations remain high
for the company, though it is expected to be met through
operational cash flows. The rating also considers the inherent
cyclicality and agro-climatic risks in sugar operations, along with
its vulnerability to Government regulations. The rating, however,
favorably factors in BCSSKL's extensive track record of operations,
along with adequate cane availability over the years, ensuring
sufficient crushing levels. Further, the forward-integrated
operations into distillery provide cushion against the cyclical
sugar revenues. ICRA notes that sustained favourable Government
policies, such as the introduction of minimum selling price (MSP),
interest subvention loans for ethanol capacity creation/expansion
and timely price revisions for ethanol support the company's
financial profile.

The Stable outlook on the rating reflects ICRA's expectation that
the company will benefit from stable cash flows on the back of
increased revenue contribution from the distillery, where the
credit period is shorter. A favourable ethanol pricing regime is
likely to support the company's operating profitability, going
forward.

Key rating drivers and their description

Credit strengths

* Long operating track record in sugar business: BCSSKL has had
strong operating efficiencies over the years. The promoters have a
long-standing experience in the sugar industry and wide acceptance
among local farmers, which facilitates adequate and timely cane
procurement, ensuring an adequate crushing period. The company's
established relationships with farmers in its command area, along
with various support initiatives and timely payments, ensure good
quality supply.

* Forward integration of operations cushions against cyclicality in
sugar business: The company's 5,300-tonnes-crushedperday (TCD)
sugar operations are integrated with its 60 KLPD distillery plant.
Nearly 15-20% of the company's revenue is derived from the
distillery business, reducing the effect of the sugar operation's
seasonality to an extent. The company also has committed supplies
for ethanol from oil marketing companies (OMCs), which provides
comfort.

* Favourable policy framework: The Government of India (GoI) has
been supporting the sugar industry through various measures such as
introduction of MSP, interest subvention loans for ethanol capacity
creation and expansion, soft loans for clearing cane dues, export
subsidy and creation of sugar buffer stock to address the
demand-supply situation in the domestic market. Additionally, the
GoI has preponed the ethanol-blending programme timeline to 2025
from 2030 for 20% mandatory blending of ethanol with petrol and
introduced additional excise duty on unblended petrol, effective
from October 1, 2022. Over the years, the GoI has supported the
blending programme by fixing the prices of ethanol manufactured
through varied sugarcane-based feedstocks at the beginning of each
ethanol supply year and has also announced annual hikes. Favourable
pricing, coupled with a shorter credit period for ethanol supplies,
has supported the profits and cash accruals of various medium to
large-sized sugar mills, besides reducing their working capital
intensity to some extent.

Credit challenges

* Weak financial risk profile and high working capital intensity:
The financial risk profile of the company has been weak with low
operating margins and high gearing mainly due to the low net worth
and elevated debt levels. The coverage indicators also remained
weak with interest coverage ratio of 0.5 times, TD/OPBDITA of 20.5
times and DSCR of 0.67 times in FY2022. The repayment obligations
are expected to remain high in the near-medium term, considering
the high long-term debt. Moreover, with low cash accruals, the
refinancing requirement will remain crucial. The working capital
intensity of the company remains high at 26% in FY2022 though
improved from 63% in FY2021 with the liquidation of inventory.

* Risks in regulated industry: BCSSKL's profitability is vulnerable
to the Government's policies and schemes such as creation of buffer
stock, export subsidies, mandatory blending of ethanol and its
pricing, sugar pricing, etc. Hence, the cessation of any
subsidy/scheme, or any material decrease in sugar or ethanol
pricing will have an impact on the company's financials.
Nonetheless, the Central and state Government's recent measures
have supported the financial performance and liquidity of the sugar
mills.

* Agro-climatic risks and cyclical trends in sugar business: Being
an agri-commodity, the sugarcane crop depends on climatic
conditions and is vulnerable to pests and diseases, which may
affect the yield per hectare and the recovery rate. These factors
can have a significant impact on the company's profitability. In
addition, the cyclicality in sugar production results in volatility
in sugar prices. However, the sharp fluctuations in sugar prices
have been curtailed after the GoI introduced MSP for sugar in June
2018. Over the long term, higher ethanol production with increased
use of B-heavy molasses is expected to help curtail excess sugar
inventory, resulting in lower volatility in sugar prices and in
turn, cash flows from the business.

Liquidity position: Stretched

BCSSKL has a stretched liquidity profile owing to high working
capital requirements, though the utilisation of the working capital
limits remains comfortable. Further, the repayment obligation
remains high, while the cash accruals are low. Going forward,
BCSSKL's ability to generate adequate cash accruals will be
critical to improve its liquidity position.

Rating sensitivities

Positive factors – ICRA could upgrade BCSSKL's rating if an
improvement in the cash accruals and working capital intensity
enhances the liquidity profile. Moreover, any material reduction in
debt that improves the company's debt coverage metrics and
operational performance would be a credit positive.

Negative factors – Pressure on the rating could emerge if any
significant decline in sugar prices or recovery rate, or increase
in cane costs, weakens the company's profitability and debt
coverage metrics. Moreover, the company's inability to improve its
liquidity position may trigger a downgrade.

BCSSKL was incorporated in 1990. It is a co-operative sugar factory
with about 10,000 farmers as members. BCSSKL had four sugar
factories (Unit-1: 3,500 TCD, Unit-2: 1,800 TCD, Unit-3: 1,800 TCD
& Unit-4: 3,500 TCD). However, in FY2020 and FY2021, the company
discontinued the operations in Unit-3 and Unit-4, respectively, and
later on sold both the units in FY2021, which led to profits at the
net level. Its chief promoter (and currently a member) is Mr. Ashok
Chavan, the ex-Chief Minister of Maharashtra. Further, the company
has a 60-KLPD distillery unit to produce ethanol.


BLUE AUTOWORLD: CARE Lowers Rating on INR5.5cr LT Loan to C
-----------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Blue Autoworld Private Limited (BAPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.50       CARE C; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B-; Stable

   Issuer rating          -        CARE C; Stable; ISSUER NOT
                                   COOPERATING; Rating continues
                                   to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B-; Stable

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated August 25, 2022
and December 26, 2022, placed the rating(s) of BAPL under the
'issuer non-cooperating' category as BAPL 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.

BAPL continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 11, 2023, July 21, 2023, July 31, 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 BAPL have been
revised on account of non-availability of requisite information.
The ratings also consider significant decline in scale of
operations as well as reported losses during FY22.

BAPL was incorporated in March 2010, promoted by Malda based Mr.
Panchanan Misra for trading and servicing of spare parts of two
wheelers. In 2011, BAPL was appointed as an exclusive 3S (Sale/
Service/ Spares) authorized dealer of TVS Motor Company Limited.
The company has 1 showroom, 7 branches and 8 sub-dealers appointed
under it. The showrooms are housed with the two-wheeler vehicles of
TVS Motor Company for sale.


BVL GRANITES: ICRA Lowers Rating on INR28cr LT Loan to B+
---------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of BVL
Granites (BVL), as:

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–         28.00      [ICRA]B+ (Stable); downgraded
   Fund-based/CC                 From [ICRA]BB- (Stable)

   Short-term–         1.00      [ICRA]A4; Reaffirmed and
   Non-fund based                Withdrawn

   Long-term–          3.00      [ICRA]B+ (Stable); downgraded
   Unallocated                   from [ICRA]BB- (Stable)
   limits              
                                 
Rationale

The long-term rating downgrade factors in the sharp decline in
BVL's revenues by 26% to INR21.7 crore due to shortage in
availability of raw materials. The ratings note the consequent
reduction in operating margins to 12.2% (PY: 23.0%), which are
impacted by inventory losses, the resultant net losses and
moderation in debt coverage metrics in FY2023. BVL's revenue growth
in FY2024 is likely to remain subdued with moderate operating
profits. Its liquidity continues to remain stretched, and the firm
has sold a quarry, the proceeds of which are expected to support
the liquidity to an extent in FY2024.

BVL's working capital intensity is high as it maintains huge stocks
of different varieties of granites, leading to high inventory
holding. The ratings consider the intense competition in the
granite processing industry from domestic players as well as other
granite exporting countries (China and Brazil), which impact its
revenues and margins. ICRA notes that the margins are vulnerable to
foreign exchange fluctuations as BVL does not hedge its
receivables. ICRA also factors in the risks of capital continuity
associated with partnership firms.

However, the ratings note the extensive experience of BVL's
promoters in the granite processing industry and the established
ties with its customers across different countries, as exports
contribute ~99% of its orders. ICRA notes that the partners have
supported the firm in the past by infusing unsecured loans and are
expected to continue to provide funding support in future, if need
arises.

The Stable outlook on the [ICRA]B+ rating reflects ICRA's opinion
that BVL will benefit from its promoters' experience in the
granite processing industry.

ICRA has reaffirmed and withdrawn the rating assigned to the
INR1.00-crore non-fund-based limits as there is no amount
outstanding against the rating instrument. The rating withdrawn in
accordance with ICRA's policy on the withdrawal of credit ratings
(click here for the policy).

Key rating drivers and their description

Credit strengths

* Extensive experience of promoters in granite processing industry:
BVL has 15 years of experience in granite quarrying, processing and
export and the firm's established ties with its customers across
different countries, as exports contribute ~99% of its orders. ICRA
notes that the partners have supported the firm in the past by
infusing unsecured loans and are expected to continue to provide
funding support in future if need arises.

Credit challenges

* Decline in revenues and stretched working capital cycle: BVL's
revenues declined by 26% to INR21.7 crore due to shortage in
availability of raw materials, the consequent reduction in
operating margins to 12.2% (PY: 23.0%), which are also impacted by
inventory losses, the resultant net losses and moderation in debt
coverage metrics in FY2023. The revenue growth in FY2024 is likely
to remain subdued with moderate operating profits. The firm's
liquidity continues to remain stretched. It has sold a quarry, the
proceeds of which are expected to support the liquidity to an
extent in FY2024. BVL's working capital intensity is high as it
maintains huge stocks of different varieties of granites, leading
to high inventory holding.

* Stiff competition in granite processing industry and earnings
exposed to volatility in foreign exchange rates: The industry is
characterised by intense competition owing to the presence of
several domestic players. It also faces stiff competition from
other granite exporting countries (China and Brazil), limiting the
pricing power, growth potential and margins. The firm's margins are
vulnerable to foreign exchange fluctuations, as ~99% of its
revenues are derived from exports and BVL does not hedge its
receivables.

* Risks arising due to partnership constitution of the firm: Given
BVL is a partnership firm, it is exposed to discrete risks
including the possibility of capital withdrawal by the partners and
the risk of dissolution of the firm upon the death, retirement or
insolvency of the partners.

Liquidity position: Stretched

The firm's liquidity position remains stretched having free cash
balances of around INR0.3 crore as of July 2023 with low cash
flow from operations and high working capital intensity. This is
reflected by high utilisation of ~99% of its working capital limits
during the last 12 months ending July 2023. BVL has no major capex
plans in FY2024.

Rating sensitivities

Positive factors – ICRA could upgrade the ratings if there is a
significant increase in its scale and earnings and an improvement
in liquidity position, supported by reduction in inventory and
improvement in cash conversion cycle.

Negative factors – Any decline in scale impacting the
profitability or coverage indicators, or any further stretch in
liquidity because of inventory pile up or stretched debtors, may
lead to a rating downgrade.

Established in 2007 as a partnership firm, BVL Granites is involved
in granite processing and export. The firm's plant, in Prakasam,
Andhra Pradesh, is spread over 18.75 acres with an overall
production capacity of 7,50,000 sqm/annum. It is a part of the BVL
Group of Companies, based in Ongole, Andhra Pradesh, India. The
Group has major presence in tobacco processing and export,
construction, real estate and in granite quarrying, processing and
exporting. However, each firm operates independently and
transactions, if any, are carried out at arm's length.


CAIRN INDIA: $345MM Bank Debt Trades at 18% Discount
----------------------------------------------------
Participations in a syndicated loan under which Cairn India
Holdings Ltd is a borrower were trading in the secondary market
around 81.6 cents-on-the-dollar during the week ended Friday,
August 25, 2023, according to Bloomberg's Evaluated Pricing service
data.

The $345 million facility is a Term loan that is scheduled to
mature on March 8, 2028.  The amount is fully drawn and
outstanding.

Cairn India Holdings Limited owns and operates energy products. The
Company produces and explores oil and gas and it's by products.
Cairn India Holdings serves customers in India.


CHAUDHARY RICE: CARE Keeps C Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Chaudhary
Rice Mills (CRM) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.40       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 August 18,
2022, placed the rating(s) of CRM under the 'issuer
non-cooperating' category as CRM 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. CRM
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 4, 2023, July 14, 2023, July 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).

Chaudhary Rice Mills (CRM) was established in 1981 as a partnership
firm and is currently being managed by Mr. Anil Kumar and Mrs.
Vijeta Rani sharing profit and losses equally. The firm is engaged
in processing of paddy at its manufacturing facility located in
Fatehabad.


CMI LIMITED: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: CMI Limited
PD-II, Jhilmil Metro Station Jhilmil Industrial
        Area Delhi East Delhi DL 110095 India

Insolvency Commencement Date: July 28, 2023

Estimated date of closure of
insolvency resolution process: January 28, 2024  

Court: National Company Law Tribunal, Allahabad Bench

Insolvency
Professional: Deepak Maini
       C-100, Sector-2, Noida, U.P.-201301
              Email: deepak.maini@insolvencyservices.in

              c/o Sanjay Jeswani (CMI), C-100,
              Sector-2, Noida, U.P- 201301
              Email: rp.cmiltd@gmail.com

Last date for  
submission of claims: August 15, 2023


DELTA IRON: Liquidation Process Case Summary
--------------------------------------------
Debtor: Delta Iron and Steel Company Private Limited
205, 2nd Floor, Windfall Building Andheri Kurla Road,
        J.B. Nagar, Andheri (E) Mumbai MH 400059

Liquidation Commencement Date:  July 27, 2023

Court: National Company Law Tribunal Mumbai Bench-IV

Liquidator: Mr. Mangesh Vitthal Kekre
     Office No. 607, Chetak Center, RNT Marg,
            Nr. Hotel Shreemaya, Indore, MP 452001
            Email: ca.mangesh@gmail.com
            Email: cirp.delta@gmail.com

Last date for
submission of claims: September 1, 2023


DUXTON HILLS: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Duxton Hills Builder Private Limited
Chander Mal Complex, Plot No-9,
Office No. 9, First Floor, Dharamvir Market,
        Badarpur, New Delhi - 110044

Insolvency Commencement Date: August 2, 2023

Estimated date of closure of
insolvency resolution process: January 29, 2024  

Court: National Company Law Tribunal, New Delhi Bench-VI

Insolvency
Professional: Vineet Gupta
              Registered Address:
       H-1555, Basement, Unit 1, Chittaranjan Park,
              Near Police Station,
              New Delhi - 110019
              Email: ipvineet.rv@gmail.com
              Email: ip.duxtonhills@gmail.com

Last date for  
submission of claims: August 16, 2023


EARTH HOME: CARE Keeps C Debt Rating in Not Cooperating Category
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Earth Home
(EH) continue to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.00       CARE C; 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 18,
2022, placed the rating(s) of EH under the 'issuer non-cooperating'
category as EH 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. EH continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
July 4, 2023, July 14, 2023, July 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).

Incorporated in 2012, Earth Home (EH) is into developing of real
estate properties.


ENVIROPOL ENGINEERS: Ind-Ra Keeps BB+ Rating in NonCooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Enviropol
Engineers Private Limited's Long-Term Issuer Rating of 'IND BB+
(ISSUER NOT COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.

The instrument-wise rating actions are:

-- INR30 mil. Fund-based working capital limit* maintained in
     non-cooperating category and withdrawn; and

-- INR65 mil. Non-fund-based working capital limit** maintained
     in non-cooperating category and withdrawn

Note: ISSUER NOT COOPERATING: The issuer did not cooperate, based
on the best available information.

*Maintained at IND BB+ (ISSUER NOT COOPERATING)/IND A4+ (ISSUER
NOT COOPERATING) before being withdrawn

**Maintained at IND A4+ (ISSUER NOT COOPERATING) before being
withdrawn

Key Rating Drivers

The ratings have been maintained in the non-cooperating category
before being withdrawn because the issuer did not participate in
the rating exercise, despite repeated requests by the agency, and
has not provided information about interim, sanctioned bank
facilities and utilization, business plan, and projections for next
three years, information on corporate governance, and management
certificate. 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

Enviropol Engineers is engaged in designing, engineering and
manufacturing of pollution control equipment (mainly air pollution)
such as electrostatic precipitators, bag filters, wet scrubbing,
pre-dust collectors and related spare parts.



EPITOME PETROCHEMICAL: Liquidation Process Case Summary
-------------------------------------------------------
Debtor: Epitome Petrochemical Private Limited
7, Prafulla Sarkar Street Kolkata WB 700013 India

Liquidation Commencement Date:  August 2, 2023

Court: National Company Law Tribunal Kolkata Bench

Liquidator: Anubrata Gangoly
     16/2, Temple Gardens (Mondal Temple Lane)
            Kolkata -700053
            Email: ca.a.gangoly@gmail.com
            Email: cip.eppl@gmail.com

Last date for
submission of claims: September 1, 2023


F. ROBIN POWER: Ind-Ra Hikes LongTerm Issuer Rating to BB+
----------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded F. Robin Power
Solutions Private Limited's (FRPSPL) Long-Term Issuer Rating to
'IND BB+' from 'IND BB'. The Outlook is Stable.

The instrument-wise rating actions are:

-- INR200 mil. Fund-based working capital limit Long-term rating
     upgraded/short-term rating affirmed with IND BB+/Stable/IND
     A4+ rating; and

-- INR800 mil. Proposed fund-based working capital limit Long-
     term rating upgraded/short-term rating affirmed with IND BB+
     /Stable/IND A4+ rating.

The upgrade reflects an improvement in FRPSPL's EBITDA margins in
FY23, as per the provisional financial numbers. Ind-Ra expects the
company's EBITDA margins to remain healthy in FY24, on account of
its strong financing structure.

Key Rating Drivers

EBITDA Margin likely to Remain Healthy:  FRPSPL's EBITDA margins
remained healthy and improved to 9.21% in FY23 (FY22: 7.36%), due
an overall reduction in the cost of executing its projects. The
return on capital employed stood at 40% in FY23 (FY22: 68.3%).
Ind-Ra expects the EBITDA margins to remain healthy in the near- to
medium term, on account of an increase in its orderbook. The
company received advances of INR245 million in FY23 and
predominantly depends on customer advances for its operations.

Well Structured Financing Mechanism: FRPSPL has a sound financing
mechanism where the customer would be taking term loans for the
payment of their projects. The entire amount would be given in
advance to FRPSPL which would in turn be used by the company for
opening of letters of credit with creditors to execute the
projects.

Project Execution Highly Dependent on Advances: The company
receives advances from its customers for erecting and commissioning
the solar plants. These advances are used for executing its
projects and no external financing is used. The company secures
projects after negotiations with its clients and hence there is
substantial subjectivity in terms of revenue visibility as it
highly depends on the advances received from its clients. Ind-Ra
expects the company to continue to take advances for executing its
projects and the subjectivity to remain intact in the near to
medium term.

Moderate Scale of Operations; likely to Remain Stable:  FRPSPL
commenced its operations in FY21 and FY22 was the first full year
of operations, indicating the company's lack of operational track
record. The company has a medium scale of operations. As per
FRPSPL's FY23 provisional financials numbers, its revenue slightly
improved to INR3,471.96 million in FY23 (FY22: INR3,434.23
million), owing to moderate demand from the textile industry from
south India. The company imports Canadian solar panels from China,
which are among the top 10 solar panels in demand globally. Ind-Ra
expects the company's revenue to remain at the similar levels due
to stable demand in the textile industry which is the major
customer for the company.

Liquidity Indicator - Stretched: FRPSPL does not have any capital
market exposure and relies on a single bank and/or financial
institution to meet its funding requirements. The company has
availed a working capital limit of INR200 million to fund its
day-to day-operations. The average maximum monthly utilization of
its non-fund-based working capital stood at around 99.76% for the
12 months ended June 2023. The cash flow from operations turned to
negative INR316.48 million in FY23 (FY22: INR357.76 million), owing
to unfavorable changes in the working capital. Consequently, the
free cash flow also turned to negative INR357.74 million in FY23
(FY22: INR357.80 million). The net working capital cycle remained
almost stable at 67 days in FY23 (FY22: 65 days) owing to a
significant decrease in the inventory holding period to 88 days
(404). The cash and cash equivalents (backed by customer advances)
stood at INR105.40 million at FYE23 (FYE22: INR696.16 million). The
company has debt obligations of INR28.51 million in FY24 and
INR27.29 million in FY25. Ind-Ra expects the liquidity to remain
stretched in the near- to medium-term.

Weak Customer Profile Mitigated by Advance Mechanism: One of the
company's customers of its Jambunathapuram project accounted for
around 45% of the orderbook in FY23. The 50MW plant project has a
weak credit profile, with the customer taking only around 35MW.
This risk has been mitigated with the company operating on the
advance mechanism where the advances have already been paid before
commencing the project.

Strong Credit Metrices: FRPSPL has comfortable credit metrics, with
its gross interest coverage (operating EBITDA/gross interest
expenses) declining to 32.1x in FY23 (FY22: 87.17x) and the net
leverage (total adjusted net debt/operating EBITDAR) increasing to
0.58x (negative 0.93x) due to a reduction in cash in FY23. Ind-Ra
expects the credit metrics to remain strong in the near- to medium
term.

Rating Sensitivities

Positive:  A substantial improvement in the liquidity profile,
along with an improvement in the orderbook, all on a sustained
basis, could lead to a positive rating action.

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

Company Profile

Incorporated in 2020, Tamil Nadu-based FRPSPL is engaged in
installing, erecting, testing and commissioning of all types of
solar power plants.


GANPATI HIGHTECH: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Ganpati Hightech Communication Private Limited
P-70, C.I.T Road Scheme- VIM Kolkata WB 700054

Insolvency Commencement Date: August 3, 2023

Estimated date of closure of
insolvency resolution process: January 30, 2024

Court: National Company Law Tribunal, Kolkata Bench

Insolvency
Professional: Aditya Kumar Tibrewal
       7C, Kiran Shankar Roy Road, Hasting Chamber,
              Basement, Kolkata -700 001
              Email: adityatibre@gmail.com
              Email: ghc.cirp@gmail.com

Last date for  
submission of claims: August 18, 2023


GO FIRST: Gets Approval for US$12 Million CIRP Cost
---------------------------------------------------
Simple Flying reports that Go First has been granted $12 million as
corporate Insolvency Resolution Process (CIRP) cost to take care of
urgent and mandatory liabilities. Simple Flying says the airline is
in the process of making a comeback, but no date has been finalized
yet. It has several financial liabilities, such as aircraft upkeep,
employee salaries, and airport fees, among many other things, and
the latest cash approval will help with those.

According to the report, Go First has received the approval for the
Corporate Insolvency Resolution Process (CIRP) cost of INR1 billion
($12 million). Rules dictate that the carrier needed at least 66%
of its lenders to vote in favor, and it received a resounding 98%
vote. Only IDBI Bank abstained from voting, with all the other
lenders voting in favor of Go First receiving the fund.

Simple Flying relates that Go First's resolution professional (RP)
Shailendra Ajmera had asked for emergency funding earlier this
month to pay for mandatory liabilities. The CIPR costs include
around $4.5 million in employee salaries, $1 million for insurance
premiums, around $640,000 for airport parking charges.

The approval for emergency funds is, indeed, good news for Go
First, which is facing several roadblocks on its path to business
resumption, the report states. The airline is struggling to keep
its employees from leaving, with businessline reporting that of the
2,198 employees on its payroll currently, 1,000 are serving their
notice period.

Simple Flying says the carrier saw a massive exit of its employees,
particularly pilots who were quickly employed by other airlines,
such as IndiGo and Air India. Recent reports have even said that Go
First is now only left with 100 pilots, as nearly 500 of the total
600 pilots it had have left the company in the last few months.

It's also in a tussle with its lessors, who are worried about the
losses from their planes getting stuck with the carrier, Simple
Flying relates. In another setback to Go First, the Delhi High
Court recently ordered the airline not to fly lessors' aircraft as
part of scheduled maintenance.

Simple Flying adds that the court said that the airline cannot
consider scheduled maintenance as the reason to fly its lessors'
aircraft. It added that the resolution professional (RP) who is
managing the airline's insolvency proceedings has been unable to
give compelling reasons to carry out these maintenance flights.

                           About Go First

Go First, formerly known as GoAir, was an Indian ultra-low-cost
airline based in Mumbai, Maharashtra.  Go First was incorporated in
April 2004 as GoAir and commenced flight operations in November the
following year. Its inaugural flight was from Mumbai to Ahmedabad.
The airline is owned by the Wadia Group.

Go First filed an application for voluntary insolvency resolution
proceedings before National Company Law Tribunal (NCLT) on May 2,
2023.

The company said the filing with the NCLT comes after Pratt &
Whitney, the exclusive engine supplier for the airline's Airbus
A320neo aircraft fleet, refused to comply with an order to release
engines to the airline that would have allowed it return to full
operations.

Go First owes INR6,521 crore to its financial creditors, Bank of
Baroda, IDBI Bank, and Deutsche Bank. The airline has a total
liability of about INR11,463 crore to banks, other creditors,
vendors, and others.

On May 10, 2023, the NCLT accepted Go First's voluntary insolvency
petition.  The NCLT bench appointed Abhilash Lal as the interim
resolution professional to look after the affairs of Go First and
also suspended its board as part of the insolvency resolution
process.


GVR BEHARI: CARE Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of GVR Behari
Hanumana Tollway Private Limited (GBHTPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      90.00       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 22, 2022,
placed the rating(s) of GBHTPL under the 'issuer non-cooperating'
category as GBHTPL 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. GBHTPL 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).

GVR Behari Hanumana Tollway Private Limited (GBHTPL) was
incorporated on November, 2011. GBHTPL is a special-purpose vehicle
promoted by GVR Infra Projects Limited for strengthening, widening,
maintaining Behari-Hanumana road (Madhya Pradesh) on build operate
transfer basis.


GVR KHANDAPHOD: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of GVR
Khandaphod Bijwad Road Project Private Limited (GKBRPPL) continue
to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      150.00      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 22, 2022,
placed the rating(s) of GKBRPPL under the 'issuer non-cooperating'
category as GKBRPPL 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. GKBRPPL
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).

Established in 2011, GVR Khandaphod Bijwad Road Project Private
Limited is a special purpose vehicle promoted by GVR Infra Projects
Ltd to design, develop construct, operate, and maintain the
136–kilometre stretch of road between Khandaphod – Nachalbor
and Bijwad – Kushmaniyan- Haran – Deepgaon. The project has
been awarded by Madhya Pradesh Road Development Corporation Limited
(MPRDC) on a semi-annual annuity of INR19.53 crore.


GVR PANNA: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of GVR Panna
Amanganj Tollway Private Limited (GPATPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      70.00       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 22, 2022,
placed the rating(s) of GPATPL under the 'issuer non-cooperating'
category as GPATPL 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. GPATPL 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).

Established in October 2011, GVR Panna Amanganj Tollway Private
Limited is a special purpose vehicle (SPV) set up to undertake the
strengthening, widening, operating, and maintaining of a
58.18-kilometre stretch of the state highway 47 in Madhya Pradesh.
The SPV is floated by GVR Infra Projects Ltd. The project is being
executed on a hybrid toll-plus-annuity model.


HARIHAR INTERNATIONAL: Liquidation Process Case Summary
-------------------------------------------------------
Debtor: Harihar International Private Limited
Near Bank Of India
        P.O.-Sunder Nagar Jamshedpur JH 832107

Liquidation Commencement Date:  July 25, 2023

Court: National Company Law Tribunal, Kolkata Bench

Liquidator: Abhit Kumar Singh
     Vishnu Vatika, Block-IV 1st Floor,
            Flat-1A, Kolkata 711202

            Corporate Address:
            2 B T M Sarani, Govind Bhawan,
            7th Floor, Room No-11D, Kolkata-700001
            Email: abhit1981@hotmail.com
            Tel No: 9681999675
            Email: abhit1981@hotmail.com
            Email: hipl.liquidation@gmail.com

Last date for
submission of claims: September 6, 2023


INTERNATIONAL PRINT-O-PAC: Insolvency Process Case Summary
----------------------------------------------------------
Debtor: International Print-O-Pac Limited
E-227, Basement, East of Kailash,
        New Delhi-110065, India

Insolvency Commencement Date: July 31, 2023

Estimated date of closure of
insolvency resolution process: January 27, 2024

Court: National Company Law Tribunal, New Delhi Bench

Insolvency
Professional: Sanjay Garg
       908, 9th Floor, D Mall,
              Netaji Subhash Place, Pitampura,
              New Delhi-110034, India
              Email: rp.sanjaygarg@gmail.com
              Email: cirp.ipopl@gmail.com

Last date for  
submission of claims: August 14, 2023


JADEJA INDUSTRIES: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Jadeja
Industries Private Limited (JIPL) continue to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       9.90       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 JIPL under the 'issuer non-cooperating'
category as JIPL 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. JIPL 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).

Morbi (Gujarat) based JIPL was incorporated as a private limited
company during September, 2004 as Jadeja Refractories Private
Limited (JRPL). Subsequently, JRPL was converted into JIPL during
December 2013. JIPL is managed by three promoters namely Mr.
Keshrisinh Jadeja, Mr. Hitendrasinh Jadeja and Mr. Devendrasinh
Rana. JIPL is engaged in to manufacturing of refractory bricks
which is used in lining furnaces, kilns, fireboxes, and fireplaces.
JIPL operates from its sole manufacturing facility located in Morbi
(Gujarat).


JBF INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of JBF
Industries Limited (JBF) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      426.83      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank   1,600.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Rationale and key rating drivers

CARE has been seeking information from JBF to monitor the rating(s)
vide e-mail communications dated July 4, 2023, July 14, 2023, and
July 24, 2023. However, despite repeated requests, the company has
not provided the requisite information for monitoring the ratings.


In line with the extant of SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating. The rating on JBF's bank facilities will continue to be
denoted as CARE D, 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 rating continues to take into account ongoing delays in
interest servicing related to the term loans and NPA classification
of account by lenders.

Analytical approach: Standalone

Detailed description of the key rating drivers

At the time of last rating on March 28, 2019 the following were the
rating strengths and weaknesses (updated for the information
available from audited financial available from Stock Exchange
fillings).

Key weaknesses

* Ongoing delays in debt servicing: Delays in servicing of debt
obligation by the company due to its weakened liquidity position.

Established in 1982, JBF Industries Limited (JBF) was founded by
Mr. Bhagirath Arya as a Yarn Texturising company, since then it has
established and expanded capacities into Polyester Chips (textile
grade, bottle grade and film grade), Partially Oriented Yarn (POY)
and Polyester (BOPET) film. It also manufactures Fully Drawn Yarn
(FDY) and Polyester Texturised Yarn (PTY). Today, JBF is one of the
leading Polyester value chain company not only in India but
globally. On a standalone basis, JBF is predominantly polyester
chips (textile grade & bottle grade) and POY player. Having
established itself in the domestic market, JBF ventured into
overseas markets by setting up a packaging-grade polyester chips
plant, JBF RAK LLC in the emirate of Ras AI Khaimah in 2005.
Further, it also commissioned a Polyester (BOPET) film plant at
Bahrain in 2014 and bottle grade Polyester chips plant at Geel,
Belgium in 2014. The manufacturing facilities of JBF are located in
Silvassa, Vapi, UAE, Bahrain and Belgium. JBF became a public
limited company in 1986 and is listed on NSE as well as BSE.


KALUNDRE METALIKS: Insolvency Resolution Process Case Summary
-------------------------------------------------------------
Debtor: Kalundre Metaliks Private Limited
Office No. 6, 3rd Floor, Shahviri Building
        37/41. R.S. Sapre Marg, Kalbadevi Mumbai
        Mumbai City Mh 400002 India

Insolvency Commencement Date: August 4, 2023

Estimated date of closure of
insolvency resolution process: January 31, 2024  

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: Mr. Devang Subodh Thakar
              B-11/12, Sardar Patel Soc,
              Nehru Road, Vile Parle (E),
              Opp. Adarsh Petrol Station,
              Mumbai Suburban, Maharashtra 400057
              Email:  cs.devangthakar@gmail.com
              Email: cirpkalundre@gmail.com

Last date for  
submission of claims: August 18, 2023


MIRAGE CERAMICS: Liquidation Process Case Summary
-------------------------------------------------
Debtor: Mirage Ceramics Private Limited
        Flat No. 505, Laxmi Baug Estate,
        1st Floor, PhadkeRoad, Dombivli Thane-421201

Liquidation Commencement Date:  June 15, 2023

Court: National Company Law Tribunal Mumbai Bench-I

Liquidator: Mr. Bhaskar Gopal Shetty
     C-77, Shanti Shopping Centre, Mira Road East-401107,
            Thane District, Maharashtra
            Email: cabgshetty@gmail.com
            Email: mirageceramics.cirp@gmail.com

Last date for
submission of claims: Sepetember 4, 2023


NOVAREF INDIA: Voluntary Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Novaref India Private Limited
3rd Floor, Chinubhai House,
        7-B Amrutbaug Colony,
        Opp. SardarPatel Stadium,
        Near Hindu Colony,
        Navrangpura, Ahmadabad - 380014, Gujarat

Liquidation Commencement Date:  July 31, 2023

Court: National Company Law Tribunal Ahmedabad Bench

Liquidator: Ravi Kapoor
     402, Shaival Plaza,
            Near Gujarat College,
            Ellisbridge Ahmedabad - 380 006
            Email: ravi@ravics.com
            Tel No: 079 26420336/7/9

Last date for
submission of claims: August 30, 2023


ORIX PACKAGING: ICRA Lowers Rating on INR4.85cr Term Loan to D
--------------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of Orix
Packaging Pvt. Ltd. (OPPL), as:

                   Amount
   Facilities    (INR crore)   Ratings
   ----------    -----------   -------
   Long-term–        4.85      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                  Rating downgraded from
   Term Loan                   ICRA]B+ (Stable) and continues to
                               remain under ‘Issuer Not
                               Cooperating' category

   Long-term–        1.50      [ICRA]D; ISSUER NOT COOPERATING;
   Fund based                  Rating downgraded from
   Term Loan                   ICRA]B+ (Stable) and continues to
                               remain under ‘Issuer Not
                               Cooperating' category

Material event

The rating downgrade reflects Delay in Debt Repayment as mentioned
by the Banker of the rated entity.

Impact of material event

The rating is based on limited information on the entity's
performance since the time it was last rated on August 12, 2022.
The lenders, investors and other market participants are thus
advised to exercise appropriate caution while using this rating as
the rating may not adequately reflect the credit risk profile of
the entity, despite the downgrade.

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

Incorporated in 2016, Orix Packaging Pvt. Ltd. (OPPL) is promoted
by Mr.Ravi Kotadiya, Mr. Nilesh Moradiya, Mr. Pramod Moradiya and
family members. OPPL is engaged in manufacturing of laminated tubes
of four different diameters of 19, 22, 28 and 35 mm. The commercial
operations commenced in March 2017 with a capacity of 3 crore
laminated tubes per annum. The manufacturing facilities is located
at Morbi, Gujarat.


POWER CAR: Liquidation Process Case Summary
-------------------------------------------
Debtor: M/s. Power Car India Private Limited
No:2/398, Mount Ponnamalle Road
Iyyappanthangal, Chennai-600 056

Liquidation Commencement Date:  July 27, 2023

Court: National Company Law Tribunal Chennai Bench

Liquidator: CA S.Kannan
     No. 27, "SKYLINE CASTLE" Abdul Razack Street,
            Saidapet, Chennai - 600
            Email: charitarthkannanr@gmail.com
            Mobile Number 9381041949

Last date for
submission of claims: August 25, 2023

R N METALS: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Shree R.N. Metals (India) Private Limited
G-1-4, G-22 and B1-4, Subham Apartment,
        Plot No. 2, Central Spine, Vidhyadhar Nagar,
        Jaipur, Rajasthan- 302023

Insolvency Commencement Date: July 31, 2023

Estimated date of closure of
insolvency resolution process: January 27, 2024 (180 Days)

Court: National Company Law Tribunal, Jaipur Bench

Insolvency
Professional: Shyam Sundar Maheshwari
       35, Flat No. F-2, Shanti Vihar, Kalyan Nagar,
              Torik Road, Sanganer,
              Jaipur, Rajasthan-302029
              Email: mhawr.shyam@gmail.com
              Email: cirp.simmetals@gmail.com

Last date for  
submission of claims: August 15, 2023


RATNA COTTEX: CARE Keeps D Debt Rating in Not Cooperating Category
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ratna
Cottex (RC) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.60       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 8, 2022,
placed the rating(s) of RC under the 'issuer non-cooperating'
category as RC 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. RC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 24, 2023, July 4, 2023, July 14, 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).

Morbi based Ratna Cottex (RC) was established in May, 2015 as a
partnership firm owned and managed by Mr. Harshad Jasmatbhai
Ghodasara, Mr. Danjuma Jasmatbhai Ghodasara and Mr. Jasmatbhai
Valjibhai Ghodasara. The firm is currently engaged in cotton
ginning and pressing for BT variety of cotton with short and medium
staple fibre, having sole manufacturing facility located in Morbi,
with an annual installed capacity of 5,488.56 Metric Tons of cotton
bales and 10977.12 Metric Tons of cotton seeds as on March 31,
2017. RC commenced its operations from December, 2015 with 24
ginning machines.


RICHI RICH: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Richi Rich Agro Foods Pvt Ltd.
Village Tolanwani, Teshil Barara, Distt.
        Ambala, Barara, Haryana, 133205

Insolvency Commencement Date: August 1, 2023

Estimated date of closure of
insolvency resolution process: January 28, 2024  

Court: National Company Law Tribunal, Chandigarh Bench

Insolvency
Professional: Sumat Kumar Gupta
       2581/3B/1, Ghora Factory Road,
              Near Zoom Hotel  Building,
              Industrial Area-A, Ludhiana-141001
              Email: sumatguptaca@gmail.com
              Email: cirp.richirich@gmail.com

Last date for  
submission of claims: August 15, 2023


RISHU CONSTRUCTION: CARE Lowers Rating on INR16cr Loans to D
------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Rishu Construction Infratech India Private Limited (RCIIPL), as:

                       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 and Revised from
                                   CARE B+; Stable

   Long Term/           16.00      CARE D/CARE D; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B+; Stable/
                                   CARE A4

Rationale and key rating drivers

CARE Ratings Ltd. had, vide its press release dated April 4, 2023,
placed the rating(s) of RCIIPL under the 'issuer non-cooperating'
category as RCIIPL 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. RCIIPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a
letter/email dated August 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).

The ratings assigned to the bank facilities of RCIIPL have been
revised on account of delays in debt servicing as recognized from
lender's feedback.

Analytical approach: Combined. CARE has considered the combined
approach for Rishu Construction Infratech India Private Limited and
M/s. Rishu Construction, factoring in the operational and financial
synergies between group entities since these entities are
controlled by common promoter with cash flow fungibility among the
group entities and similar line of business.

RCIIPL has taken over the business of Rishu Construction in
September 2020 except for asset and liabilities pertaining to a
pending project which was awarded to the firm.

Outlook: Not applicable

Lucknow based, Rishu Construction Infratech India Private Limited
(RCIIPL) is incorporated in April 2019. Earlier it was a
partnership firm in the name of Rishu Construction. On, September
2020 RCIIPL has taken over the activities of the firm. The company
is currently being managed by Mr. Akhilesh Kumar Singh and Shivansh
Singh. The company is engaged in construction work such as roads
and bridges in Uttar Pradesh for state and Central government
bodies, including infrastructure development authorities, PWDs,
irrigation departments and national highways.


ROHIT JEWELLERS: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Rohit
Jewellers Private Limited (RJPL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Short Term Bank     27.00       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 8, 2022,
placed the rating(s) of RJPL under the 'issuer non-cooperating'
category as RJPL 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. RJPL 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).

Rohit Jewellers Private Limited (RJPL) was incorporated in December
1994. The company has been engaged in manufacturing and wholesale
of hand crafted gold jewellery, antique gold jewellery and stone
studded gold jewellery.


ROOPAM TEXTILES: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Roopam Textiles Trading Private Limited
One Janpath Kharvel
        Nagar, Bhubaneswar, 751001

Insolvency Commencement Date: July 31, 2023

Estimated date of closure of
insolvency resolution process: January 27, 2024  

Court: National Company Law Tribunal, Cuttack Bench

Insolvency
Professional: CA Payal Agarwal
       Old College Lane, Nimchouri, Cuttack, Odisha-753002
              Email: agarwalpayal2008@gmail.com
              Email: roopam.cirp@gmail.com

Last date for  
submission of claims: August 14, 2023

SANTOSH CHARITABLE: CARE Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Santosh
Charitable Trust (SCT) continue to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       2.88       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

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

Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated August 19,
2022, placed the rating(s) of SCT under the 'issuer
non-cooperating' category as SCT 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. SCT
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 5, 2023, July 15, 2023, July 25, 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 Santosh Charitable Trust (SCT) was established in April
9, 2008 under Indian Trust Act, 1882 and is currently being managed
by Mr. Sunil Mittal and Ms. Neena Mittal. The trust was setup with
an objective to provide charitable services. The trust operates a
Dharamshala in Vrindavan, where it provides rooms at cheaper rates
for the tourists to stay and also there
is dispensary for providing medical services in Sikandrabad.


SAVALIA COTTON: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: M/s. Savalia Cotton Ginning and Pressing Private Limited
Survey No 242
        Opp 266 KVP Power Station Veraval
        GJ 000000 India

Insolvency Commencement Date: July 31, 2023

Estimated date of closure of
insolvency resolution process: January 27, 2024  

Court: National Company Law Tribunal, Ahmedabad Bench

Insolvency
Professional: Sunil Kumar Agarwal
       Registered Address
              Tower 6/603, Devnandan Heights,  
              Near Podar School,
              New CG Road, Chandkheda,
              Ahmedabad, Gujarat-382424
              Email: ANIL91111@hotmail.com

              Office:
              1221, Sun Westbank,
              Near Shiv Cinema, Ashram Road,
              Ahmedabad- 380009
              Email: cirp.savaliacotton@gmail.com

Last date for  
submission of claims: August 18, 2023


SBI FUNDS: Completes Liquidation of Templeton's 6 MF Schemes
------------------------------------------------------------
The Hindu reports that SBI Funds Management Ltd. (SBIFM) said it
had completed the liquidation of assets of Franklin Templeton
Mutual Fund's (FTMF) six debt schemes wound up by the latter in an
"orderly manner" and disbursed about INR27,508 crore to the
impacted unitholders.

In April 2020, FTMF had shut down the six debt schemes citing lack
of redemption pressure and lack of liquidity in the Indian bond
market, causing concern among unitholders.

According to the report, the Securities and Exchange Board of India
(SEBI) intervened and the matter reached the Supreme Court, which
directed SBIMF in 2021 to undertake the exercise of disbursement
and liquidation of assets of the impacted six schemes.

"We are happy to share that the last tranche of the securities,
forming part of FTMF wound-up debt schemes, has been liquidated as
part of the mandate given to us," SBIMF said in a statement.  

"With this, SBIFM has now liquidated 217 securities and disbursed
around INR27,508 crore which constitutes 109% of the value of the
securities as on date of winding up," it said.

"The liquidation activity was done without creating any market
dislocation in order to get the best liquidation value and
safeguard the interest of FTMF unitholders," it added.


SEGURO FOUNDATIONS: CARE Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Seguro
Foundations and Structures Private Limited (SFSPL) continue to
remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      60.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Long Term/          30.00       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 28, 2022,
placed the rating(s) of SFSPL under the 'issuer non-cooperating'
category as SFSPL 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. SFSPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 13, 2023, June 23, 2023, July 3, 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).

Seguro Foundations Private Limited (SFSPL) was established in the
year 2007 by Mr. C. V Rajeev and four others in Kochi, Kerala. The
company initially started with pile foundation works and over the
years developed its expertise in bridge construction and bridge
maintenance works. SFSPL started executing the super structure
works for the bridges and elevated Highways since 2012 around
regions of Kerala by undertaking government contracts from Public
Works Department, Irrigation Department and Harbour Engineering
Department etc. As on October 31, 2018, the company has order book
of INR94.26 crore to be executed. During FY18, Inkel has acquired
the entire stake from Mr. PJ Jacob who had 50% of the total shares
of the company as on March 31, 2017. This apart, Inkel has also
subscribed to 90.91 lakh shares amounting to INR9.09 crore freshly
issued by SFPL during FY18. As on March 31, 2018, around 65% of the
total shares of SFPL is held by Inkel and remaining 34.99% of the
total shares is held by Ms. Seena Rajeev.


SHARWIN COTTEX: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sharwin
Cottex (SC) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      14.50       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 10,
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
June 26, 2023, July 6, 2023, July 16, 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, SC was formed in February, 2016 by Mr.
Sukhdev Prajapati, Mrs. Manisha Purohit and Mr. Soham Purohit. The
firm had been setting up a greenfield plant for cotton ginning and
pressing near Mehsana district in the area of 19425 square meters,
with 36 double roller jumbo gin machines of 54” size for ginning
and 5 cotton stripper machines for pressing. Total installed
capacity for ginning was proposed to be 45619.20 MTPA for raw
cotton. For oil extraction process, 12 extruders of 33*6” were
expected to be installed with a capacity will be of 24192 MTPA of
cotton seeds.


SHIB DASS: Insolvency Resolution Process Case Summary
-----------------------------------------------------
Debtor: Shib Dass Metals Private Limited
1/7B Asaf Ali Road New Delhi-110002

Insolvency Commencement Date: August 1, 2023

Estimated date of closure of
insolvency resolution process: January 28, 2024 (180 Days)

Court: National Company Law Tribunal, New Delhi Bench-III

Insolvency
Professional: Mukesh Chand Jain
       F-703, Munirka Apartments, Sector-9, Plot11,
              Dwarka, New Delhi-110075
       Email: mcjain.jmca@gmail.com

              B-29, LGF, Lajpat Nagar-III, Delhi 110024
              Email: shibdassmetal.cirp@gmail.com
  
Last date for  
submission of claims: August 15, 2023


SIGNATURE CERAMIC: ICRA Keeps B+ Debt Rating in Not Cooperating
---------------------------------------------------------------
ICRA has kept the long-term and short-term ratings for the bank
facilities of Signature Ceramic Pvt. Ltd. in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]B+
(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".

                      Amount
   Facilities      (INR crore)    Ratings
   ----------      -----------    -------
   Long Term-          1.79       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Term Loan                      to remain under 'Issuer Not
                                  Cooperating' category

   Long Term-          3.00       [ICRA]B+ (Stable) ISSUER NOT
   Fund Based-                    COOPERATING; Rating continues
   Cash Credit                    to remain under 'Issuer Not
                                  Cooperating' category

   Short Term-         1.40       [ICRA]A4 ISSUER NOT
   Non Fund Based                 COOPERATING; Rating continues
   Others                         to remain under 'Issuer Not
                                  Cooperating' category

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

Signature Ceramic Private Limited (SCPL) is a walltiles
manufacturer with its plant situated at Morbi, Gujarat. The company
was established in October 2009, while the company commenced its
operations in July 2010. Signature Ceramics is managed by Mr.
Pravin Kundariya and Mr. Girish Loriya along with other directors.
The plant has an installed capacity to produce 18 lacs boxes of
wall tiles per annum. Signature Ceramics currently manufactures
wall tiles of size 12" X 12", 12" X 18" and 12" X 24 with the
current set of machineries at its production facilities.


SKILLAR ENTERPRISE: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Skillar Enterprises India Pvt Ltd
Innov8 Ras Vilas Saket.
        Lower Ground Floor, Sake Salcon Rasvilas,
        District Central Sector 6, Pushp Vihar,
        Next to select City Walk Mall
        South Delhi, DL 110 017

Insolvency Commencement Date: May 18, 2023

Estimated date of closure of
insolvency resolution process: January 29, 2024)

Court: National Company Law Tribunal, Chennai Bench

Insolvency
Professional: Mahesh Taneja
              AE-173, Shalimar Bagh, Delhi- 110 088

              16/22, LGF East Patel Nagar, New Delhi 110 008
              Email: cirp.skillarenterprises@gmail.com

Last date for  
submission of claims: August 16, 2023


SONI COMMERCIAL: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Soni Commercial Enterprises Private Limited
101, Guru Nanak Complex 5/9,
        W.E.A., Saraswati Marg,
        Karol Bagh, Delhi-110005

Insolvency Commencement Date: July 28, 2023

Estimated date of closure of
insolvency resolution process: January 24, 2024  

Court: National Company Law Tribunal, New Delhi Bench-V

Insolvency
Professional: Kapil Aggarwal
       SF 09, 2ND Floor, Cross River Mall,
              Karkardooma, East Delhi
              Delhi - 110092
              Email: kapil_gsp@yahoo.com

              SCO-61, 3rd Floor, Old Judicial Complex, Sector-15,
              Civil Lines, Gurgaon - 122001
              Email: ibc.sonicommercial@gmail.com

Last date for  
submission of claims: August 18, 2023


SOUVENIR DEVELOPERS: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Souvenir Developers (India) Private Limited
        Registered Office:
1 Animesh Market, Janki Nagar, Wadibhokar Road,
        Deopur, Dhule MH – 424002 India

Insolvency Commencement Date: August 2, 2023

Estimated date of closure of
insolvency resolution process: January 28, 2024

Court: National Company Law Tribunal, Mumbai Bench

Insolvency
Professional: Mona Laxmichand Vora
       A-1, Vineet Apartment,
              Majitha Nagar Compound,
              Near PVR Milap Cinema,
              Kandivali West, Mumbai – 400067
              Email: advmonavora@gmail.com

              Sankalp Resolution Professionals LLP
              401, 4TH Floor, The central Building Shell
              Colony Road Chembur (East),
              Mumbai - 400071
              Email: ip.souvenirdevelopers@sankalp-ipe.com

Last date for  
submission of claims: August 16, 2023


STATE OF KERALA: Fitch Alters Outlook on BB LongTerm IDR to Stable
------------------------------------------------------------------
Fitch Ratings has revised the Outlook on State of Kerala's
Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs)
to Stable, from Negative, and has affirmed the ratings at 'BB'.

The revision of the Outlook to Stable reflects an improving trend
in Fitch's projected debt metrics, with continued growth momentum
in the state and national economies following the Covid-19
pandemic, despite uncertainty in the world economy and slowing
global trade. Fitch expects sustained economic growth to support
the state's steady fiscal performance to the fiscal year ending
March 2027 (FY27), although the state's broad expenditure
responsibilities and large infrastructure investment will lead to
ongoing fiscal deficits and a steady rise in borrowings. That said,
the state's economic expansion should adequately offset the
increased debt burden, resulting in steady debt ratios.

Fitch classifies Kerala as a Type A local and regional government
(LRG), based on structural attributes, such as the state's large
share of general government expenditure, including responsibilities
for health and education, tax sharing arrangements with the central
government and an ability to incur budgetary deficits similar to a
sovereign.

KEY RATING DRIVERS

Risk Profile: 'Midrange'

Fitch evaluates Kerala across six risk factors, which Fitch
assesses as 'Stronger', 'Midrange' and 'Weaker', leading to an
overall 'Midrange' risk profile. This reflects its view of a low
risk that the issuer will be unable to cover debt servicing over
the rating horizon to FY27 due to its operating balance weakening
from lower revenue or higher expenditure, or an unexpected rise in
liabilities or debt-servicing requirements.

Revenue Robustness: 'Stronger'

Kerala's robust revenue profile is based on a stable underlying
economy, sturdy revenue sources and a supportive system of federal
transfers. Fitch expects economic growth to continue over the
medium-term and to support a steady rise in revenue. Operating
revenue growth was sturdy in the five years to FY22, at a CAGR of
10.0%. Tax revenue, at 50% of operating revenue, rose by 6.7%,
while transfers, at 41% of revenue, increased by 15.0%. Kerala's
tax composition includes goods and services tax, at 41%, sales and
value-added tax (39%) and stamp duties and registrations (8%).

Revenue Adjustability: 'Weaker'

Its assessment reflects the central government's power to set major
taxes, the formula-driven and stable transfer regime and the
state's limited capacity to raise local taxes amid legislative and
populist pressure. India's constitution assigns taxation powers to
the central government and states separately; the goods and
services tax rate is set by the central government, while states
enjoy autonomy to levy taxes on petroleum products, alcohol,
real-estate transactions and other items. Kerala shares in central
taxes, based on a formula that is tied to India's economic and
fiscal growth.

Expenditure Sustainability: 'Midrange'

Kerala's expenditure responsibilities are moderately correlated
with the economic cycle. The state has a moderate record of control
over expenditure, with growth generally in line with revenue
growth, leading to its 'Midrange' assessment. Operating expenditure
rose at a five-year CAGR of 9.2% to FY22, below the 10.0% CAGR for
revenue growth. Fitch expects the state to retain its key
responsibilities in essential social and economic services, such as
education, health, sanitation, agriculture and transport, with
limited funding reform.

Expenditure Adjustability: 'Midrange'

Its assessment balances the state's powers to reduce spending with
a moderate level of inflexible and committed costs, which Fitch
estimates contribute 80%-90% of total costs. Discretionary
expenditure shrinks during times of lower budget revenue, such as
during FY20, showing effective adjustability. Capex accounts for a
modest portion of total expenditure, at 10.4% in FY22, but provides
some expenditure flexibility via project cuts or deferrals.

Liabilities & Liquidity Robustness: 'Stronger'

State governments mainly borrow to finance fiscal deficits through
domestic open-market borrowing via state development loans, loans
from banks and the central government, provident funds and small
savings. Open-market borrowing is facilitated by the Reserve Bank
of India (RBI) and regulated by a legislative framework and fiscal
responsibility legislation.

The maturity of outstanding state government securities is
well-dispersed, with a weighted-average tenor of around seven years
at FYE22. Open-market borrowings are in fixed-rate Indian rupees,
with no foreign-currency exposure. Contingent liabilities mainly
include guarantees extended to public-sector undertakings and local
governments.

Liabilities & Liquidity Flexibility: 'Midrange'

Kerala has established access to domestic financial markets and
benefits from liquidity support from the Indian government
(BBB-/Stable). The central government and RBI allow states to
address short-term liquidly needs through instruments such as
advances and overdrafts extended by the RBI, with further measures
added to relax overdraft regulations in times of economic
turbulence. Kerala can only borrow in the domestic market, but uses
state companies and lower-tier government bodies, such as the
Kerala Infrastructure Investment Fund Board (BB/Negative), to tap
international markets.

Debt Sustainability: 'bbb category'

Its rating-case scenario is based on Kerala's 2023-2024 budget and
forward estimates to FY26, with some adjustment for downside risk.
Fitch expects the primary metric - the economic liability burden -
to trend down to 88.3% by FY27, from 93.1% in FY22, as economic
growth offsets higher government debt. This indicates a debt
sustainability assessment in the mid-range of the 'a' category, but
Kerala has weak secondary metrics, with a payback ratio and fiscal
debt burden both in the 'b' category. This leads to a one-category
lower debt sustainability assessment - in the mid-range of the
'bbb' category.

DERIVATION SUMMARY

Kerala's 'bb' Standalone Credit Profile, which drives the Long-Term
IDRs, reflects a 'Midrange' risk profile and debt-sustainability
assessment in the mid-range of the 'bbb' category.

KEY ASSUMPTIONS

Risk Profile: 'Midrange'

Revenue Robustness: 'Stronger'

Revenue Adjustability: 'Weaker'

Expenditure Sustainability: 'Midrange'

Expenditure Adjustability: 'Midrange'

Liabilities and Liquidity Robustness: 'Stronger'

Liabilities and Liquidity Flexibility: 'Midrange'

Debt sustainability: 'bbb'

Support (Budget Loans): 'N/A'

Support (Ad Hoc): 'N/A'

Asymmetric Risk: 'N/A'

Rating Cap (LT IDR): 'N/A'

Rating Cap (LT LC IDR) 'N/A'

Rating Floor: 'N/A'

Quantitative assumptions - Issuer Specific

Fitch's rating case is a through-the-cycle scenario, which
incorporates a combination of revenue, cost and financial risk
stresses. It is based on FY18-FY22 figures and FY23-FY27 projected
ratios. The key assumptions for the scenario include:

- Operating revenue CAGR of 9.0% in FY23-FY27 (FY18-FY22: 10.0%)

- Operating expenditure CAGR of 8.1% in FY23-FY27 (FY18-FY22:
9.2%)

- Net capex to average INR119.7 billion a year in FY23-FY27
(FY18-FY22: INR120.8 billion)

- Cost of funds to average 7.0% in FY23-FY27 (FY22: 7.2%
Fitch-estimated average cost of funds)

Liquidity and Debt Structure

Its calculation of net overall debt includes the state's internal
debt, loans from the central government, other liabilities that
Fitch considers to be debt like, such as public account
liabilities, and guarantees issued for public-sector undertakings.
Fitch nets out the state's cash and short-term liquid investments.

Issuer Profile

Kerala is on the south-western coast of India. It has a population
of 35.6 million and is India's fifth-most densely populated state.
The state's large and diverse economy accounts for about 4% of
national gross domestic product.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

A deterioration of the economic liability burden ratio, calculated
as (net overall debt + pro rata share of central government
debt)/local GDP, to above 90% for a sustained period with no
significant improvement in the payback ratio, calculated as net
overall debt/operating balance.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

An improvement of the economic liability burden ratio to below 80%
for a sustained period under its rating-case scenario or a
significant improvement in the payback ratio.

ESG CONSIDERATIONS

Kerala has an ESG Relevance Score of '4' for Natural Disasters and
Climate Change, due to the state's exposure to natural disasters,
including landslides and flooding, which has a negative impact on
the credit profile and is relevant to the ratings in conjunction
with other factors.

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating          Prior
   -----------             ------          -----
State of Kerala    LT IDR    BB  Affirmed    BB
                   LC LT IDR BB  Affirmed    BB


SUDHEER CERAMICS: ICRA Reaffirms B+ Rating on INR54.43cr Loan
-------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Sree
Sudheer Ceramics Private Limited (SSCPL), as:

                    Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term–        54.43       [ICRA]B+ (Stable); reaffirmed
   Fund based                    
   Term Loan                  

   Long-term–        15.00       [ICRA]B+ (Stable); reaffirmed
   Fund based                    
   Cash Credit                  

   Short-term–
   Non-fund based    (2.58)      [ICRA]A4; reaffirmed

Rationale

The reaffirmation of ratings for SSCPL factors its healthy
performance in FY2023 and expectation of sustenance of the same
over the medium term. The company reported provisional revenues of
INR99.5 crore (YoY growth of ~43%), supported by healthy offtake
from Kajaria Ceramics (under an offtake agreement), improved per
unit realisation and healthy sales of new products introduced
during the year. The operating margins continued to be healthy at
around 18%, given the fuel cost advantage, as SSCPL uses coal power
for its gasifier against natural gas (used by peers in Morbi
region).

Going forward, healthy demand from the real estate industry and
introduction of GVT in its portfolio is expected to support the
company's scale-up plans. The ratings favourably consider the
extensive experience of the promoters in the ceramic industry and
the proximity to raw material sources. The ratings, however, remain
constrained by the company's weak financial risk profile, as
reflected in its stretched capital structure and coverage
indicators, high working capital intensity and poor liquidity
position. SSCPL is planning a significant debt-funded capex,
aggregating INR75 crore in FY2024-25, towards setting up of GVT
capacities. The same is expected to stretch its leverage and
coverage metrics till the time operations stabilise. Timely funding
support from the promoters will remain crucial in the interim.

The ratings continue to factor in the intense competition in the
ceramic industry and the exposure of SSCPL's profitability to
volatility in raw material and fuel prices. The ratings consider
the exposure of the company's operations and cash flows to the
cyclicality in the real estate industry, which is the main end-user
sector.

The Stable outlook on the [ICRA]B+ rating reflects ICRA's opinion
that SSCPL is expected to maintain its business positioning in the
ceramic industry.

Key rating drivers and their description

Credit strengths

* Experienced promoters in building material business: SSCPL's
promoters, viz. Mr. NVV Seshagiri Rao and family, have longstanding
experience in the building material business (involved in timber
trade in South India). The company's key management personnel have
experience in the ceramics industry and their association with
other entities in the industry. The promoters' experience resulted
in strong relationships with customers and suppliers, which should
continue to benefit the business risk profile over the medium
term.

* Healthy capacity utilisation levels: SSCPL's capacity utilisation
has been gradually improving owing to scale up in operations. In
FY2023, the capacity utilisation ramped up to 90% (up from 81% in
FY2022). Coupled with healthy realisations, this led to an increase
in revenues to ~Rs. 100 crore.

Credit challenges

* Weak financial risk profile; significant debt-funded capex plan
to stretch leverage and coverage metrics: SSCPL's financial profile
is weak, as reflected in leveraged capital structure and stretched
debt protection metrics. The company's gearing stood at 5.7 times,
TOL/TNW at 6.2 times and DSCR of 1.8 times as on March 31, 2023
(provisional data). Despite sizeable unsecured loans from promoters
(Rs. 46.3 crore as on March 31, 2023), it continues to have high
dependence on external borrowings. With a sizeable debt-funded
capex plan, the external debt on books is expected to increase,
which will lead to further moderation in leverage and debt
protection metrics in FY2024-25. A rapid scale-up and stabilisation
of the new capacities will be crucial to support its cash flows.

* Vulnerability of profitability to adverse fluctuations in raw
material and fuel prices: SSCPL's profitability remains exposed to
fluctuations in raw material as well as power and fuel (coal)
prices. Moreover, stiff competition from larger organised and
unorganised players limits the company's ability to pass on any
upward movement in raw material and fuel prices to its customers,
thereby constraining its profitability.

* Margins vulnerable to intense competition and cyclicality in real
estate industry: The tile manufacturing industry is highly
fragmented with stiff competition from the organised and
unorganised segments, apart from imports. The large number of
players in the unorganised segment exerts pressure on the prices
and limits pricing flexibility. Moreover, the demand for tiles
remains exposed to the cyclicality in the real estate sector.

Liquidity position: Stretched

SSCPL's liquidity profile will remain stretched, given its modest
scale of operations, working capital-intensive operations and
limited cushion in working capital limits (average utilisation of
WC limits remained high at 98% for 12-months ending June 2023). The
company's cash accruals are expected to be insufficient to cover
its repayment obligations of INR10 crore in FY2024 and sizeable
capex plans of INR75 crore over FY2024-25. Timely enhancement in
working capital limits, project debt tie-up and need-based infusion
of equity or unsecured loans from the promoters will remain crucial
to mitigate any cash flow mismatch.

Rating sensitivities

Positive factors – ICRA could upgrade SSCPL's ratings with
substantial growth in revenue and profitability on a sustained
basis, along with improvement in the working capital cycle leading
to an improvement in the coverage indicators and liquidity.

Negative factors – Negative pressure on the company's rating
could arise for reasons including significant decline in revenues
and cash accruals and/or delay in tie-up of project debt and WC
facilities and/or delay in funding support from the promoters
leading to further deterioration in debt servicing indicators and
liquidity position.

Incorporated in 2017, Sree Sudheer Ceramics (formerly known as
Modulo Ceramics Pvt. Ltd) is involved in manufacturing ceramic wall
tiles and trading of floor tiles. Its manufacturing facility is in
Vijaywada, Andhra Pradesh, with an installed capacity of around
6.75 million square metre per annum. The company is promoted by Mr.
NVV Seshagiri Rao and family, who also have presence in timber
trade and real estate development through other ventures, mainly in
South India.


SURYA MANUFACTURING: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Surya
Manufacturing Private Limited (SMPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      24.00       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 19,
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 July 5, 2023, July 15, 2023, July 25, 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).

SMPL was incorporated in 1995 as a private limited company by Mr.
Mahavir Prasad Kejriwal. Currently, the company's operations are
being managed by his grandson, Mr. Aditya Kejriwal. SMPL is
primarily engaged in the manufacturing of various types of plywood,
block boards, flush doors, gurjan plywood, triple pressed &
calibrated teak plywood and decorative veneers. The manufacturing
facilities of the company are located in Araria (Bihar) and Jhajjar
(Haryana).


VISHWAKARMA COLD: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Shree
Vishwakarma Cold Storage (SVCS) continue 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 August 2, 2022,
placed the rating(s) of SVCS under the 'issuer non-cooperating'
category as SVCS 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. SVCS continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 18, 2023, June 28, 2023, July 8, 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).

SVCS was established in 1998 by Mr. Chamanlal Gajjar, Veljibhai
Suthar, Mr. Thannaji Suthar and Mr.Chunilal Chaudhary. However, Mr.
Veljibhai Suthar retired from SVCS from October 2016. SVCS was set
up to provide cold storage facilities at Deesa (Gujarat). The main
objective of setting up SVCS is to preserve potatoes for longer
duration. The plant will be located at Deesa (Gujarat) which is one
of the major Potatoes growing area region in Gujarat.




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

ACCOUNTING CAREER: Court to Hear Wind-Up Petition on Sept. 8
------------------------------------------------------------
A petition to wind up the operations of Accounting Career Connect
(Australasia) Limited will be heard before the High Court at
Auckland on Sept. 8, 2023, at 10:45 a.m.

The Commissioner of Inland Revenue filed the petition against the
company on July 27, 2023.

The Petitioner's solicitor is:

          Cloete Van Der Merwe
          Inland Revenue, Legal Services
          5 Osterley Way
          Manukau City
          Auckland 2104


EZIBUY: Administrators Racked up NZD1.5M Bill for Two Months' Work
------------------------------------------------------------------
BusinessDesk reports that the former administrators of collapsed
retailer Ezibuy racked up bills of more than NZD1.5 million during
their two months figuring out what to do with the business.

Damien Hodgkinson and Kate Barnet of Olvera Advisors were appointed
administrators of the Palmerston North retailer in April by parent
company Australian-listed Mosaic Brands, which proposed a
restructure.

But, after two months, the pair recommended tipping Ezibuy, saying
unsecured creditors were unlikely to get anything, BusinessDesk
relates. Ezibuy owes creditors roughly NZD117 million in total.

In an Administrator Summary Report filed in mid-August, it stated
the total fees for the two-month process came in at NZD1,504,534.

NZ-based insolvency specialists spoken to about the fees told
BusinessDesk they were "eye-wateringly high".

                            About Ezibuy

EziBuy was an online clothing and homeware retailer and a
subsidiary of ASX-listed Mosaic Brands.

Katherine Elizabeth Barnet and Damien Mark Hodgkinson of Olvera
Advisors on April 14, 2023, were appointed as administrators of
seven entities:

- Ezibuy Operations Limited;
- Ezibuy Limited;
- Ezibuy Holdings Limited;
- Ezibuy Custodian Limited;          
- New Ezibuy Limited;
- Last Stop Shop Limited; and
- Sara Apparel Limited.

Ezibuy was placed into liquidation in July 2023.


HARMONEY NZ 2023-1: Moody's Assigns B2 Rating to NZD9.2MM F Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned the following definitive
ratings to the notes issued by the New Zealand Guardian Trust
Company Limited as trustee of the Harmoney NZ ABS 2023-1 Trust.

Issuer: New Zealand Guardian Trust Company Limited as trustee of
the Harmoney NZ ABS 2023-1 Trust

NZD100.00 million Class A1 Notes, Assigned Aaa (sf)

NZD25.40 million Class A2 Notes, Assigned Aaa (sf)

NZD20.80 million Class B Notes, Assigned Aa2 (sf)

NZD11.20 million Class C Notes, Assigned A2 (sf)

NZD11.80 million Class D Notes, Assigned Baa2 (sf)

NZD9.20 million Class E Notes, Assigned Ba2 (sf)

NZD9.20 million Class F Notes, Assigned B2 (sf)

The NZD12.40 million of Class G Notes are not rated by Moody's.

The transaction is a cash securitisation of a portfolio of New
Zealand unsecured consumer personal loans originated by Harmoney
Services Limited (Harmoney, unrated). This is Harmoney's inaugural
term asset-backed securitisation (ABS) in New Zealand, and a second
term ABS overall.

Harmoney is a non-bank lender providing unsecured personal loans to
consumer obligors in New Zealand and Australia. Harmoney is a
wholly owned subsidiary of Harmoney Corp Limited (unrated), a New
Zealand-incorporated company, listed on the Australian stock
exchange. As of December 2022, its New Zealand and Australian
portfolios amounted to NZD375 million and AUD351 million,
respectively.

RATINGS RATIONALE

The definitive ratings take into account, among other factors, (1)
Moody's evaluation of the underlying receivables and their expected
performance, (2) evaluation of the capital structure and credit
enhancement provided to the notes, (3) availability of excess
spread over the transaction's life, (4) the liquidity facility in
the amount of 1.5% of the rated notes balance, subject to a floor
of NZD500,000, (5) the legal structure,  (6) Harmoney's experience
as servicer and (7) presence of Perpetual Corporate Trust Limited
(Perpetual) as the standby servicer.

According to Moody's, the transaction benefits from the high level
of excess spread available to cover losses arising from the
portfolio. The key challenge in the transaction is the substitution
period. The transaction has a substitution period of six months,
during which additional loan amounts can be advanced to obligors
who formed part of the portfolio at the initial pool cut-off date.
This may expose the transaction to additional losses because
obligor's likelihood of default and loss given default may increase
following an additional advance.

Moody's portfolio credit enhancement — representing the loss that
Moody's expects the portfolio to suffer in the event of a severe
recession scenario — is 38%. Moody's mean default for this
transaction is 9.0% and recovery rate is 5%.

Key transactional features are as follows:

-- While the Class A2 Notes are subordinate to the Class A1 Notes
in relation to charge-offs, they rank pari passu in relation to
principal payments, based on their stated amounts, before the call
option date. This feature reduces the absolute amount of credit
enhancement available to the Class A1 Notes.

-- Once step-down conditions are satisfied, all notes, excluding
Class G Notes, will receive their pro-rata share of principal.
Step-down conditions include, among others, 45% subordination to
the Class A2 Notes and no unreimbursed charge-offs. The repayment
of principal will revert to sequential among all notes on and after
the call option date.

-- Bank of New Zealand (A1/P-1/Aa3(cr)/P-1(cr)) and Commonwealth
Bank of Australia (Aa3/P-1/Aa2(cr)/P-1(cr)) will provide interest
rates swaps in the transaction, each covering 50% of the total swap
notional. The swaps will hedge the interest rate mismatch between
the assets bearing a fixed rate of interest, and floating rate
liabilities. The total notional balance of the swaps will follow a
schedule based on amortisation of the assets assuming a certain
prepayment rate.

-- Perpetual Corporate Trust Limited is the back-up servicer. If
Harmoney is terminated as servicer, Perpetual Corporate Trust
Limited will take over the servicing role in accordance with the
standby servicing deed and its back-up servicing plan.

Key pool features are as follows:

-- The weighted average interest rate of the portfolio is 16.2%.

-- The weighted average Equifax credit score of the portfolio is
606.

-- The weighted average remaining term of the portfolio is 60.1
months. The weighted average seasoning of the portfolio is 11.2
months.

Methodology Underlying the Rating Action

The principal methodology used in these ratings was "Moody's
Approach to Rating Consumer Loan-Backed ABS" published in December
2022.

Factors that would lead to an upgrade or downgrade of the ratings:

Factors that could lead to an upgrade of the notes include a rapid
build-up of credit enhancement due to sequential amortization or a
better-than-expected collateral performance. The Australian job
market is a primary driver of performance.

Factor that could lead to a downgrade of the notes is a
worse-than-expected collateral performance, poor servicing, error
on the part of transaction parties, a deterioration in the credit
quality of transaction counterparties, a lack of transactional
governance, or fraud.


LIVING SPACE: Creditors' Proofs of Debt Due on Sept. 29
-------------------------------------------------------
Creditors of Living Space Developments Limited are required to file
their proofs of debt by Sept. 29, 2023, to be included in the
company's dividend distribution.

The High Court at Auckland appointed Simon Dalton of Gerry Rea
Partners as liquidators of the company on Aug. 17, 2023.


RAINBOW CORNER: Creditors' Proofs of Debt Due on Sept. 18
---------------------------------------------------------
Creditors of The Rainbow Corner Educational Trust Hastings Limited
are required to file their proofs of debt by Sept. 18, 2023, to be
included in the company's dividend distribution.

The High Court at Auckland appointed Janet Sprosen and Leon Francis
Bowker of KPMG as liquidators on Aug. 18, 2023.


RAKAHURI HOLDINGS: Creditors' Proofs of Debt Due on Sept. 21
------------------------------------------------------------
Creditors of Rakahuri Holdings Limited Are required to file their
proofs of debt by Sept. 21, 2023, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 23, 2023.

The company's liquidator is:

          Brenton Hunt
          PO Box 13400
          City East
          Christchurch 8141


SANEM DIGITAL: Court to Hear Wind-Up Petition on Sept. 4
--------------------------------------------------------
A petition to wind up the operations of Sanem Digital Limited will
be heard before the High Court at Auckland on Sept. 4, 2023, at
10:45 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




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

DITO CME: Dennis Uy Defends Fire Sale of Company's Shares
---------------------------------------------------------
Bilyonaryo.com reports that DITO CME Holdings led by Duterte crony
Dennis Uy has provided a rationale for selling stocks at less than
half their value to newly-formed Singaporean firms.

"The issue price was set at par value considering that the current
book value per share of the corporation is negative PHP2.21 (as of
the latest quarterly financials of 30 June 2023), and since the
corporation cannot issue new shares below par value of PHP1," said
DITO in a reply to the Philippine Stock Exchange, Bilyonaryo.com
relays.

DITO's book value, representing what its stockholders would receive
if the company were to be sold, is in negative territory due to its
liabilities surpassing its current assets by P202 billion as of
June 2023, Bilyonaryo.com discloses.

According to Bilyonaryo.com, DITO assured the PSE that the
interests of shareholders had been secured by three independent
directors on its board. Furthermore, it noted that the share sale
gained approval during a shareholders' meeting held last July.

DITO sold 610 million shares or 3.76 percent of the company to
Xterra Ventures Pte. Ltd. at PHP1 per share or 66 percent markdown
from its current stock makret price, Bilyonaryo.com says.

It claimed that Xterra was an unrelated third party which it
described as an "investment fund engaged in investment activities
in the Asia Pacific region."

DITO also unloaded 1.59 billion shares at PHP1 each to another
obscure Singapore-based firm, Summit Telco Corp, the report
relates.

Bilyonaryo.com says the shares sale is expected to help DITO comply
with its capital contribution commitments and support the roll-out
of its mobile broadband unit, DITO Telecommunity.

DITO has a capital deficiency of PHP31.1 billion as of June 2023,
up 12 percent from PHP27.9 billion as of end-2022, Bilyonaryo.com
discloses.

                           About DITO CME

Headquartered in Taguig, Philippines, DITO CME Holdings Corp.
engages in the provision of telecommunications, multimedia, and
information technology services.

As reported in the Troubled Company Reporter-Asia Pacific on April
21, 2023, the independent auditors of Dennis Uy's Dito CME raised
concerns on the company's ability to make enough money to stay
afloat for the foreseeable future, given its massive liabilities.

According to Rappler.com, Punongbayan & Araullo Grant Thornton
(P&A) underscored Dito CME's liabilities in 2022, including
exceeding its current assets by PHP196.6 billion, comprehensive
losses reaching PHP25.6 billion, and capital deficiency hitting
PHP27.9 billion, as conditions which indicate the "existence of a
material uncertainty that may cast significant doubt on the ability
of the Group to continue as a going concern."

As of December 2022, Dito Tel had spent PHP230.5 billion for its
capital expenditures.




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

HARAVAN ASIA: Members' Final Meeting Set for Sept. 30
-----------------------------------------------------
Members of Haravan Asia Pte. Ltd. will hold their final general
meeting on Sept. 30, 2023, at 10:00 a.m., at 10 Anson Road #14-06,
in Singapore.

At the meeting, Mitani Masatoshi, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


PRESTIGE REALTY: Members' Final Meeting Set for Sept. 28
--------------------------------------------------------
Members of Prestige Realty Pte. Ltd will hold their final general
meeting on Sept. 28, 2023, at 10:00 a.m., via teleconferencing.

At the meeting, Chia Lay Beng, the company's liquidator, will give
a report on the company's wind-up proceedings and property
disposal.


RUTHIN INVESTMENTS: Creditors' Proofs of Debt Due on Sept. 25
-------------------------------------------------------------
Creditors of Ruthin Investments Pte Ltd are required to file their
proofs of debt by Sept. 25, 2023, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 21, 2023.

The company's liquidators are:

          Tan Wei Cheong
          Lim Loo Khoon
          Deloitte & Touche LLP
          6 Shenton Way
          OUE Downtown 2, #33-00
          Singapore 068809


TEDAGUA SINGAPORE: Members' Final Meeting Set for Sept. 25
----------------------------------------------------------
Members of Tedagua Singapore Pte Ltd will hold their final general
meeting on Sept. 25, 2023, at 11:00 a.m., at 2 Venture Drive,
#11-18, Vision Exchange, in Singapore.

At the meeting, Ms. Ng Suan Chiok, the company's liquidator, will
give a report on the company's wind-up proceedings and property
disposal.


VAULD: Gets Court Permission for Board Restructuring
----------------------------------------------------
Cointelegraph.com reports that Vauld, a Singapore-based crypto
exchange that has been in ongoing bankruptcy proceedings since
August 2022, has said that it had received permission from the
court to restructure its board. The new top management will lead
the company's bailout process.

On Aug. 24, Vauld co-founder Darshan Bathija revealed on X
(formerly Twitter) that the company got its scheme of arrangement
passed in a Singapore court, Cointelegraph.com relates. According
to the plan, the current board will be replaced with a new CEO, a
creditor representative and a scheme manager.

Cointelegraph.com relates that the platform also resumed the Know
Your Customer checks for existing customers, who now have to
resubmit their verification documents. In August 2022, Indian law
enforcement seized $46.4 million from the Indian branch of Vauld,
Flipvolt Technologies, due to the allegations of money laundering.

Vauld froze the withdrawal option for their customers in July 2022,
citing unfavorable market conditions and a two-week "bank run"
costing $200 million worth of withdrawals, Cointelegraph.com
recalls. The company cited the losses relating to the declining
prices of major cryptocurrencies and its exposure to the stablecoin
TerraUSD (UST), which collapsed in May 2022.

In August 2022, it was granted a three-month moratorium to develop
a restructuring plan. The plan suggested an acquisition by Swiss
crypto lender Nexo, but in January 2023, Nexo's office the
negotiations stopped.

Cointelegraph.com relates that the same month, Vauld was given
another period of creditor protection by a Singapore court, and in
February, it was extended. The company owes its creditors around
$400 million, the majority of which is individual depositors'
money.

                            About Vauld

Vauld is a Singapore-based crypto lending and trading platform.
Vauld was founded in 2018 by Darshan Bathija and Sanju Kurian to
enable crypto investors earn and borrow cryptocurrencies using
their own assets.  The start-up is backed by popular investors
including Coinbase Ventures, PayPal co-founder and billionaire
investor Peter Thiel's Valar Ventures, CMT Digital, Gumi Cryptos,
Robert Leshner and Cadenza Capital.

As of July 2022, Vauld had assets worth around $330 million and
liabilities worth $400 million, Moneycontrol disclosed.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
2, 2022, the Singapore High Court granted the parent of troubled
crypto lender Vauld a three-month protection from creditors, giving
the company breathing room as it seeks to sell itself to rival
Nexo.

Justice Aedit Abdullah gave Defi Payments Ltd. a moratorium that
would last until Nov. 7, 2022, half of what the company had asked
for, according to a court hearing in the city-state on Aug. 1.
During this period, the company's 147,000 creditors will be barred
from taking legal action against it.




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

[*] BOND PRICING: For the Week Aug. 21, 2023 to Aug. 25, 2023
-------------------------------------------------------------
Issuer                Coupon     Maturity    Currency    Price
------                ------     --------    --------    -----

  AUSTRALIA
  ---------


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
   -----

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
  ---------

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
   --------

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
   ------

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
   -------

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

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



                *** End of Transmission ***