/raid1/www/Hosts/bankrupt/TCRAP_Public/231017.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
A S I A P A C I F I C
Tuesday, October 17, 2023, Vol. 26, No. 208
Headlines
A U S T R A L I A
MORNING STAR: First Creditors' Meeting Set for Oct. 19
NED'S BAKE: First Creditors' Meeting Set for Oct. 23
ORION TRUST 2023-1: S&P Assigns BB (sf) Rating to Class E Notes
PENTABLOCK ASSETS: First Creditors' Meeting Set for Oct. 23
POLYSEAL WATERPROOFING: First Creditors' Meeting Set for Oct. 20
SANS PAREIL: High Court Final Hearing on Liquidation Set Oct. 17
SAVA ENGINEERING: First Creditors' Meeting Set for Oct. 23
[*] AUSTRALIA: ATO to Name and Shame Businesses Over Unpaid Debts
I N D I A
ADARSH PROPERTY: Ind-Ra Withdraws BB- Loan Rating
AMANTA HEALTHCARE: Ind-Ra Moves BB+ Rating in Non-Cooperating
ANJANI PIPES: CARE Keeps C Debt Rating in Not Cooperating
ANNA BHAU: CARE Keeps D Debt Rating in Not Cooperating Category
BHAGWATI VINTRADE: CRISIL Moves B Ratings from Not Cooperating
CH.GOWRI SHANKAR: Ind-Ra Moves BB+ Rating in Non-Cooperating
CHAK RADER: Ind-Ra Keeps B Bank Loan Rating in NonCooperating
CHOUNDESHWARI SAHAKARI: Ind-Ra Moves BB Rating to NonCooperating
CORROGANON INDIA: Ind-Ra Gives B+ Loan Rating, Outlook Stable
DYNAMIC REFRACTORIES: CARE Keeps D Debt Ratings in Not Cooperating
ECRON ACUNOVA: CRISIL Assigns B- Rating to INR15cr Cash Loan
ENMAX ENGINEERING: Ind-Ra Moves BB+ Loan Rating to NonCooperating
ESMARIO EXPORT: Ind-Ra Moves BB Issuer Rating to Non-Cooperating
GINNI GLOBAL: Ind-Ra Cuts Bank Loan Rating to BB
GURBAXANI ENGINEERING: Ind-Ra Moves BB+ Rating to Non-Cooperating
GURBAXANI INFRAVENTURES: Ind-Ra Moves BB+ Rating to NonCooperating
GVR BEHARI: Ind-Ra Keeps D Term Loan Rating in Non-Cooperating
GVR PANNA: Ind-Ra Keeps D Term Loan Rating in Non-Cooperating
HANDICRAFT & HANDLOOM: CARE Keeps C Debt Rating in Not Cooperating
HARIOM AQUA: Ind-Ra Affirms BB+ Loan Rating, Outlook Stable
HI-TECH HYDRAULIC: Ind-Ra Hikes Loan Rating to BB-, Outlook Stable
HINDUSTAN DISTRIBUTORS: Ind-Ra Moves BB+ Rating in Non-Cooperating
HOTEL JAYAPUSHPAM: Ind-Ra Affirms BB+ Loan Rating, Outlook Stable
INCREDIBLE INDUSTRIES: Ind-Ra Keeps B+ Rating in Non-Cooperating
INFRA BLOCK: CRISIL Assigns B+ Rating to INR23.4cr Term Loan
KAMESHWARI FOODS: CRISIL Assigns B+ Rating to INR12cr LT Loan
LOTUS ORNAMENTS: CRISIL Lowers Rating on LT/ST Debts to D
MAPS GRANITO: Ind-Ra Moves BB Issuer Rating to NonCooperating
NARESH RETAIL: Liquidation Process Case Summary
OVERNITE EXPRESS: Liquidation Process Case Summary
OYSTER EXIM: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
PATNA BAKHTIYARPUR: Ind-Ra Keeps D Loan Rating in Non-Cooperating
PRAGATI TRANSMISSION: Ind-Ra Moves BB+ Rating in Non-Cooperating
PRC YARN: CRISIL Assigns B+ Rating to INR5cr Proposed Loan
PRINITI FOODS: CRISIL Withdraws B+ Rating on INR8.75cr Term Loan
RAGHUVANSHI INDUSTRIES: CRISIL Cuts Rating on INR17cr Loan to D
RAJAT COMMERCIAL: Insolvency Resolution Process Case Summary
RIME RICH: CRISIL Moves D Debt Ratings from Not Cooperating
SAIRAM IMPEX: CRISIL Assigns B+ Rating to INR10cr Proposed Loan
SANWARIYA PACKAGING: CARE Keeps D Debt Ratings in Not Cooperating
SKML EXIM: CRISIL Assigns B+ Rating to INR1.8cr LT Loan
SPS AUTOTUBES: Insolvency Resolution Process Case Summary
SREI EQUIPMENT: CRISIL Keeps B+ (SO) Rating in Not Cooperating
STERLING PORT: CARE Keeps D Debt Rating in Not Cooperating
TRIMURTHI HITECH: CRISIL Reaffirms B- Rating on INR4.75cr Loan
V AND S INT'L: CARE Keeps D Debt Ratings in Not Cooperating
VECTOR INFRAPROP: Ind-Ra Gives BB- Loan Rating, Outlook Stable
VELLAPALLY CONSTRUCTIONS: CRISIL Ups INR1.75cr Loan Rating to B-
VERIA LIFESTYLE: CARE Keeps D Debt Rating in Not Cooperating
WESTERN ENERGETICS: Insolvency Resolution Process Case Summary
WOCKHARDT LIMITED: Ind-Ra Cuts Bank Loan Rating to B+
J A P A N
MITSUBISHI UFJ: S&P Rates Additional Tier 1 Perpetual Notes 'BB+'
M A L A Y S I A
1MDB: Goldman Sues Malaysia as 1MDB Settlement Dispute Escalates
N E W Z E A L A N D
ANDY ANDERSON'S: Court to Hear Wind-Up Petition on Oct. 26
MARKETPLACE MEDIA: Court to Hear Wind-Up Petition on Oct. 26
MOLESWORTHS AUTO: Court to Hear Wind-Up Petition on Oct. 20
TRAYLORWORX LIMITED: Creditors' Proofs of Debt Due on Nov. 9
W & G PARKER: Creditors' Proofs of Debt Due on Nov. 6
P A K I S T A N
PAKISTAN INT'L: New Push to Privatize Carrier Faces Headwinds
S I N G A P O R E
GANPAT INTERNATIONAL: Court to Hear Wind-Up Petition on Oct. 27
LOMOTIF PRIVATE: Court Enters Wind-Up Order
RAINBOW READERS: Creditors' Proofs of Debt Due on Nov. 14
SCHMICK PTE: Court to Hear Wind-Up Petition on Oct. 27
SWIBER HOLDINGS: 8 Ex-directors Charged with Offences Under SFA
SWISS CAPITAL: Creditors' Proofs of Debt Due on Nov. 14
THREE ARROWS: Liquidators Tip-Off Led to Arrest of Co-Founder Zhu
S O U T H K O R E A
KOREA ELECTRIC: To Downsize Workforce Amid Snowballing Debt
STELLANTIS KOREA: To Dismiss Workers Amid Plummeting Sales
X X X X X X X X
[*] BOND PRICING: For the Week Oct. 9, 2023 to Oct. 13, 2023
- - - - -
=================
A U S T R A L I A
=================
MORNING STAR: First Creditors' Meeting Set for Oct. 19
------------------------------------------------------
A first meeting of the creditors in the proceedings of Morning Star
Gold N.L. will be held on Oct. 19, 2023, at 10:30 a.m. via
electronic means only.
Liam William Paul Bellamy and Trajan John Kukulovski of RRI
Advisory were appointed as administrators of the company on Oct.
10, 2023.
NED'S BAKE: First Creditors' Meeting Set for Oct. 23
----------------------------------------------------
A first meeting of the creditors in the proceedings of Ned's Bake
Pty Ltd will be held on Oct. 23, 2023, at 2:30 p.m. at Level 13,
664 Collins Street in Docklands.
Lindsay Stephen Bainbridge and Andrew Reginald Yeo of Pitcher
Partners were appointed as administrators of the company on Oct.
12, 2023.
ORION TRUST 2023-1: S&P Assigns BB (sf) Rating to Class E Notes
---------------------------------------------------------------
S&P Global Ratings assigned its ratings to six classes of
residential mortgage-backed securities (RMBS) issued by Perpetual
Corporate Trust Ltd. as trustee of Orion Trust 2023-1. Orion Trust
2023-1 is a securitization of prime and nonconforming residential
mortgage loans originated by Brighten Financial Pty Ltd.
The ratings reflect the following factors.
The credit risk of the underlying collateral portfolio, which
predominantly comprises residential mortgage loans to prime-quality
Australian resident borrowers, and the credit support provided to
each class of notes are commensurate with the ratings assigned.
Credit support is provided by subordination and excess spread, if
any. S&P's assessment of credit risk considers Brighten Financial's
underwriting standards and approval process, and its servicing
quality.
The rated notes can meet timely payment of interest and ultimate
payment of principal under the rating stresses. Key rating factors
are the level of subordination provided, principal draw function,
provision of a liquidity facility, and provision of an
extraordinary expense reserve. S&P's analysis is on the basis that
the notes are fully redeemed via the principal waterfall mechanism
under the transaction documents by their legal final maturity date,
and it assumes the notes are not called at or beyond the
call-option date.
S&P said, "Our ratings also take into account the counterparty
exposure to Westpac Banking Corp. as bank account provider and
Commonwealth Bank of Australia as liquidity facility provider. We
also have factored into our ratings the legal structure of the
trust, which is established as a special-purpose entity and meets
our criteria for insolvency remoteness.
"We have assessed the servicing and standby servicing arrangements
in this transaction under our "Global Framework For Assessing
Operational Risk In Structured Finance Transactions" criteria,
published Oct. 9, 2014, and concluded that there are no constraints
on the maximum rating that can be assigned to the notes."
Ratings Assigned
Orion Trust 2023-1
Class A1, A$480.00 million: AAA (sf)
Class A2, A$57.45 million: AAA (sf)
Class B, A$27.00 million: AA (sf)
Class C, A$13.50 million: A (sf)
Class D, A$9.75 million: BBB (sf)
Class E, A$6.30 million: BB (sf)
Class F, A$6.00 million: Not rated
PENTABLOCK ASSETS: First Creditors' Meeting Set for Oct. 23
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Pentablock
Assets Pty Ltd will be held on Oct. 23, 2023, at 3:00 p.m. at Level
5, Suite 6, 350 Collins Street in Melbourne and via virtual meeting
technology.
Simon Patrick Nelson of BPS Reconstruction and Recovery was
appointed as administrators of the company on Oct. 11, 2023.
POLYSEAL WATERPROOFING: First Creditors' Meeting Set for Oct. 20
----------------------------------------------------------------
A first meeting of the creditors in the proceedings of Polyseal
Waterproofing (ACT) Pty Ltd and Engineered Waterproofing Systems
Pty Limited will be held on Oct. 20, 2023, at 9:30 a.m. and 10:00
a.m. respectively, via virtual meeting.
Christopher Damien Darin of Worrells was appointed as administrator
of the company on Oct. 10, 2023.
SANS PAREIL: High Court Final Hearing on Liquidation Set Oct. 17
----------------------------------------------------------------
Region Riverina reports that a Supreme Court hearing into the
multi-million dollar liquidation of a Griffith winery will have its
final hearing on October 17, after the liquidator's lawyer
indicated the mysterious matter was close to being resolved.
Hanwood-based Sans Pareil Estate, owned by 29-year-old Aaron
Salvestrin, went into liquidation in October 2022. According to
the report, the winery allegedly owes the Australian Tax Office
(ATO) just over AUD32 million and hundreds of thousands of dollars
to a string of (mostly small business) creditors in Griffith and
other regional towns.
Region's exclusive investigation revealed the liquidator,
insolvency firm Chifley Advisory, initiated Supreme Court
proceedings to recover money from the winery. But two previous
attempts at a hearing have failed to get off the ground.
The first was cancelled due to a random courtroom flooding event,
the report says. The second ended abruptly when Mr. Salvestrin's
lawyer announced he wanted to cease representing him and the
liquidator's lawyer didn't show up.
On Oct. 9, a lawyer introducing himself as Mr. Short presented at
the courtroom as the legal representative for the liquidator,
Region reports.
"Mr. Short, there was no appearance on the last occasion. What do
you think may happen today?" Judge Ashley Black asked him.
"I might commence by passing on the apologies for Mr. Martin who is
counsel brief [lawyer] for the plaintiff [the liquidator]. I
understand there was a diary administrative error there," the
report quotes Mr. Short as saying.
"To answer your honour's question, I'm seeking to have the matter
withstood [scheduled] for final hearing. My instructions are
there's no defence filed . . . the estimate I have been given is
two hours [to resolve the matter]."
The judge and Mr. Short agreed to reschedule the matter for a final
hearing on October 17.
No lawyer for Mr. Salvestrin was present at Oct. 9's court
hearing.
At the previous hearing on September 25, Mr. Salvestrin's lawyer,
Ben Horne of Aqua Law, announced he wanted to cease representing
the 29-year-old Hanwood man, according to Region.
"My client has failed to comply with Your Honour's orders, and
additionally, there are financial reasons which mean that we can no
longer continue to act towards the defendant," he told the court.
The judge has denied Region's formal media application to access
any court documents filed in the past three months, so the
specifics of the case remain shrouded in mystery.
Region says the hearing was in the civil jurisdiction, meaning it
related to property or money and was not a criminal matter. No
police charges have been laid against Mr. Salvestrin or anyone else
regarding the liquidation of Sans Pareil Estate.
The winery's sudden collapse has been a hot topic of discussion in
Griffith ever since Region revealed a McLaren P1 Supercar signed by
Formula One star Daniel Ricciardo was sold for AUD1.475 million as
part of the liquidation process. Some 29 other vehicles were listed
in Chifley Advisory's January report to creditors as being assets
of the winery at some point during its operation, including a
AUD385,000 Mercedes Benz Actros truck, a AUD137,000 Mercedes Benz
GLE53, two Volkswagen Tiguans, a Volkswagen Amarok and three
Mitsubishi Outlanders.
According to one court document seen by Region, the ATO has claimed
Sans Pareil Estate lodged fake business activity statements (BAS)
to the ATO and made "inflated and fictitious claims" for GST
refunds in respect of GST payments, which it never made between
July 2020 and September 2022.
A BAS is a form registered businesses must submit to the ATO
reporting their tax obligations. When lodging a BAS, companies can
claim a refund on GST for goods purchased for export overseas
because the 10 per cent tax only applies to items consumed within
Australia.
Sans Pareil Estate allegedly received GST refund payments of
AUD17,161,679 more than it should have.
As of February 2023, the winery was alleged to owe the ATO
AUD32,604,461, including penalties and interest, Region discloses.
In 2022, the ATO teamed up with the Australian Federal Police (AFP)
to launch Operation Protego, a joint ongoing investigation into
suspicious GST refunds claimed by businesses, the report recalls.
Both organisations were tight-lipped when Region asked them whether
Sans Pareil Estate is being looked at as part of this operation.
"The AFP has no comment," Region quotes an AFP spokesperson as
saying.
An ATO spokesperson said: "The ATO cannot comment on the tax
affairs of any individual or entity due to our obligations of
confidentiality under the law."
Mr. Salvestrin launched Sans Pareil Estate in 2018. The name is a
French term meaning "without equal". The company sold everything
from bulk wine to black-label reds and received positive reviews
for its flagship product – a 2018 shiraz named Monumental.
SAVA ENGINEERING: First Creditors' Meeting Set for Oct. 23
----------------------------------------------------------
A first meeting of the creditors in the proceedings of Sava
Engineering Pty Limited will be held on Oct. 23, 2023, at 2:30 p.m.
virtually via Zoom.
Scott Andersen and Nathan Lee Deppeler of Worrells were appointed
as administrators of the company on Oct. 11, 2023.
[*] AUSTRALIA: ATO to Name and Shame Businesses Over Unpaid Debts
-----------------------------------------------------------------
7News reports that more than 22,000 businesses risk losing money
after the tax office threatened to name and shame those who fail to
engage and pay debts to recoup the more than AUD5 billion they
owe.
According to 7News, the Australian Tax Office is shifting back to
its business-as-usual debt collection following an era of stimulus
payments and tax assistance during the COVID-19 pandemic.
The agency has issued more than 22,000 businesses with notices
warning they face being disclosed to credit reporting agencies for
tax debts of at least AUD100,000 that are overdue by more than 90
days.
A disclosed debt can impact a business's ability to receive finance
and cause it to lose suppliers.
More than 9,000 businesses are expected to have their debts
disclosed this month, according to the ATO, 7News relays.
7News relates that the tax office is AUD5 billion out of pocket
from businesses that currently meet the criteria for disclosure.
According to 7News, ATO Assistant Commissioner Jillian Kitto said
impacted businesses wanting to avoid their debts being listed in
credit rating checks must pay or engage with the tax office within
28 days of the intent to disclose notice being issued.
"We give businesses ample opportunity to re-engage with us however,
those who show continued and ongoing disregard for their tax and
super obligations will have their debts disclosed," the report
quotes Ms. Kitto as saying.
"While we do not take disclosures lightly, consequences will apply
to businesses who refuse to pay or engage with us."
7News says the ATO expects more than 50,000 notices of intent will
be issued in the 2023-24 financial year.
'Through the pandemic, we shifted our focus from debt collection to
stimulus payments and assistance with tax, but it is now time to
re-establish the culture of paying tax on time," Kitto said.
"We must draw a line in the sand to protect the Australian
community and other creditors, and to ensure a level playing field
for businesses who do the right thing."
=========
I N D I A
=========
ADARSH PROPERTY: Ind-Ra Withdraws BB- Loan Rating
-------------------------------------------------
India Ratings and Research (Ind-Ra) has withdrawn Adarsh Property
Developments' (APD) bank facilities' rating as follows:
-- The 'IND BB-(ISSUER NOT COOPERATING)' rating on the INR290
mil. Term loan due on January 2031 is withdrawn.
Key Rating Drivers
Ind-Ra is no longer required to maintain the ratings, as APD has
completely repaid its outstanding debt and the agency has received
no-dues certificates from the lenders. This is consistent with
Ind-Ra's Policy on Withdrawal of Ratings.
Company Profile
APD is a part of the Adarsh Developers and is engaged in leasing of
rental premises. The Adarsh group was established in 1988 and has
completed 26 projects in Bengaluru. The group currently has 12
ongoing projects.
AMANTA HEALTHCARE: Ind-Ra Moves BB+ Rating in Non-Cooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Amanta Healthcare
Limited's bank loan rating of 'IND BB+' to the non-cooperating
category and has simultaneously withdrawn it.
The detailed rating actions are:
-- INR382.5 mil. Fund-based limits** migrated to non-cooperating
category and withdrawn;
-- INR107.5 mil. Non-fund-based limits*# migrated to non-
cooperating category and withdrawn;
-- INR10.0 mil. Proposed fund-based/non-fund-based limits**
migrated to non-cooperating category and withdrawn; and
-- INR50.0 mil. Fixed deposit programme* migrated to non-
cooperating category and withdrawn.
**Migrated to 'IND BB+ (ISSUER NOT COOPERATING)'/'IND A4+ (ISSUER
NOT COOPERATING)' before being withdrawn
*#Migrated to 'IND A4+ (ISSUER NOT COOPERATING)' before being
withdrawn
*Migrated to 'IND BB+ (ISSUER NOT COOPERATING)' before being
withdrawn
Key Rating Drivers
The ratings have been migrated to the non-cooperating category
before being withdrawn because the issuer did not participate in
the rating exercise, despite repeated requests by the agency
through emails and phone calls, 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.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lender. 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
Incorporated in 1994, Amanta Healthcare manufactures sterile liquid
parenteral in Kheda, Gujarat. The company has presence in the
domestic markets and exports to about 77 countries across Africa,
Europe, Asia, the Middle East, the US and the UK.
ANJANI PIPES: CARE Keeps C Debt Rating in Not Cooperating
---------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Sri Anjani
Pipes Industries (SAPI) continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 7.50 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 September 7,
2022, placed the rating(s) of SAPI under the 'issuer
non-cooperating' category as SAPI 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. SAPI
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated July 24, 2023, August 3, 2023, August 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).
Sri Anjani Pipes Industries (SAPI) was established in the year 2013
as a partnership firm, by Mr. G Sanjeeva Reddy and Mrs G Madhavi.
However, the firm achieved commercial operations from October 2015.
The firm is engaged in manufacturing different types of pipes i.e
HDPE pipes of various sizes starting 63mm to 315mm, PVC pipes
ranging from 25 mm to 350 mm and LLDPE pipes ranging from 12 mm 16
mm, at Mehbubnagar district of Telangana state. These pipes are
mainly used for irrigation works (micro and drip), water supply and
gas supply. In addition to the said industries, the above-mentioned
pipes are also used in the following sectors like drainage and
telephone cable pipes used by telecom operators.
ANNA BHAU: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Anna Bhau
Ajara Taluka Shetkari Sahkari Soot Girani Limited (ABATSSSGL)
continues to remain in the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 11.85 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 September 13,
2022, placed the rating(s) of ABATSSSGL under the 'issuer
non-cooperating' category as ABATSSSGL 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. ABATSSSGL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated July 30, 2023, August 9, 2023,
September 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).
ABGL is a co-operative society established in October 1979,
promoted by Mr. Amogh Wagh in the strength of General Manager. The
society is engaged in the business of cotton spinning with its sole
manufacturing unit located at Ajara, Maharashtra with the products
sold under the brand name 'Ajara Spin'.
BHAGWATI VINTRADE: CRISIL Moves B Ratings from Not Cooperating
--------------------------------------------------------------
Due to inadequate information, CRISIL Ratings, in line with SEBI
guidelines, had migrated the ratings of Bhagwati Vintrade Private
Limited (BVPL) to 'CRISIL B+/Stable/CRISIL A4+ Issuer Not
Cooperating'. However, the management has subsequently started
sharing the requisite information for carrying out comprehensive
review of the ratings. CRISIL Ratings is migrating the ratings on
bank facilities of SCPPL to 'CRISIL B/Stable' from 'CRISIL
B+/Stable/CRISIL A4 Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 20.67 CRISIL B/Stable (Migrated
from 'CRISIL B+/Stable ISSUER
NOT COOPERATING')
Proposed Working 0.33 CRISIL B/Stable (Migrated
Capital Facility from 'CRISIL B+/Stable ISSUER
NOT COOPERATING')
The ratings reflect susceptibility of operating performance to
climatic conditions, volatility in raw material prices and to
adverse impact of changes in government policies and modest scale
of operations. These weaknesses are partially offset by extensive
experience of the promoters and established market position of the
company.
Key Rating Drivers & Detailed Description
Weaknesses:
* Susceptibility of operating performance to climatic conditions,
volatility in raw material prices and to adverse impact of changes
in government policies: The crop yield of agricultural commodities
is dependent on adequate and favorable climatic condition. Thus,
BVPL is exposed to the risk of limited availability of its key raw
material during an unfavorable climatic condition. Also, production
may be impacted by pests or crop infection leading to higher
unpredictability in production and pricing of agri-commodities and
derived products. Simultaneously, the Indian rice industry is
highly regulated in terms of paddy prices, export and import of
rice, and rice release mechanism. Such regulation affects the
operating margin of players. The Government of India periodically
imposes restrictions on rice exports. Operating performance will
remain susceptible to high dependence on the monsoon and to adverse
impact of changes in central government policies.
* Modest scale of operations: Revenue was modest at INR101 crore in
fiscal 2023 (Rs 99 crore for fiscal 2022). Improvement in the scale
of operations, amidst high competition from small and medium
players, will remain a key monitorable over the medium term.
However, longstanding relationships with customers in the domestic
and overseas markets, such as the Middle East, should ensure a
regular flow of repeat orders.
Strengths:
* Extensive experience of the promoters: Owing to the experience of
more than 2 decades the promoters of the company have developed a
strong understanding of the markets and has also led to
long-standing relationships with the customers and suppliers and
farmers. These long-standing relationships with customers and
suppliers are expected to benefit the business of the company over
the medium term.
* Moderate financial profile: The financial profile of the company
is marked moderate with a networth of INR23.5 crore, yielding a
gearing of 1.12 times and TOL/TNW of 1.5 times as on March 31,
2023. The debt protection metrics are also moderate with interest
cover of 1.53 times and NCAAD of 0.05 time for fiscal 2023. The
capital structure of the company is expected to remain leveraged
with an expected debt-funded capex of INR7 crore.
Liquidity: Stretched
The month end bank limit utilisation remains at around 93% for the
12 months through August 2023. Cash accrual is expected to be more
than INR1.5 crore, against the debt obligation of INR2-2.8 crore
over the medium term. The current ratio was moderate at 1.42 times
on March 31, 2023.
Outlook: Stable
CRISIL Ratings believes the company will continue to benefit from
its promoters' extensive experience and established relationships
with suppliers and customers.
Rating Sensitivity factors
Upward Factors:
* Sustained ramp-up in scale of operations along with sustained
improvement in operating margin leading to net cash accruals over
INR3 Cr.
* Efficient working capital management resulting leading to higher
buffer in working capital limits.
Downward Factors:
* Lower-than-expected revenue or operating margins below 3% leading
to lower than expected net cash accruals.
* Increased inventory resulting in high GCAs days weakening the
capital structure.
BVPL was incorporated in 2008 by Mr. Vivek Kumar Agarwal as a
dealer in securities. However, in the year 2010 it was taken over
by Mr. Sandeep Goyal, Manoj Agarwal and Mr. Vivek Banka to process
rice. It has its manufacturing facility in Ramgarh District,
Jharkhand with a capacity of 96000 MTPA. It also has an installed
biomass with a capacity of 1.2 MW which is entirely for captive
consumption.
CH.GOWRI SHANKAR: Ind-Ra Moves BB+ Rating in Non-Cooperating
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Ch.Gowri Shankar Infra Build (India) Private Limited to the
non-cooperating category as per Ind Ra's policy on Issuer
Non-Cooperation, following non-submission of No Default Statement
continuously for 3 months despite continuous requests and
follow-ups by the agency and also IND-Ra's inability to validate
timely debt servicing through other sources it considers reliable.
No Default Statement in the format prescribed by SEBI is required
to be shared by the issuer every month as a confirmation that all
financial obligations are being serviced on time., Investors and
other users are advised to take appropriate caution while using
these ratings. The rating will now appear as 'IND BB+/Negative/
(ISSUER NOT COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
-- INR110 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB+/Negative rating;
-- INR250 mil. Non-Fund Based Working Capital Limit migrated to
non-cooperating category with IND A4+ (Issuer Not
Cooperating) rating; and
-- INR16.2 mil. Term loan migrated to non-cooperating category
with IND BB+/Negative rating.
Company Profile
CHGS was established in 1986 as a proprietorship firm by Gowri
Shankar. The company is a special class civil contractor and
participates in tenders floated by Telangana and Andhra Pradesh
governments. The company undertakes civil contracts such as
buildings, warehouses, drainage systems, and irrigation works.
It executes civil work contracts of various government departments
including Telangana Housing Board Department, Central Warehousing
Corporation and CPWD Telangana and Andhra Pradesh. Shankar gets the
company's contracts through bidding in e-procurement.
CHAK RADER: Ind-Ra Keeps B Bank Loan Rating in NonCooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Chak Rader Farm
Equipments Private Limited's (CRFEPL) bank loans rating of 'IND B
(ISSUER NOT COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR25 mil. Fund-based limits* maintained in non-cooperating
category and withdrawn; and
-- INR275 mil. Non-fund-based working limit** maintained in non-
cooperating category and withdrawn.
Note: ISSUER NOT COOPERATING: Issuer did not co-operate; based on
best available information
*Maintained at 'IND BB+ (ISSUER NOT COOPERATING)'/'IND A4+ (ISSUER
NOT COOPERATING)' before being withdrawn
**Maintained at 'IND BB+ (ISSUER NOT COOPERATING)' before being
withdrawn
Key Rating Drivers
Ind-Ra has maintained the ratings in the non-cooperating category
because CRFEPL did not participate in the rating exercise despite
requests by the agency through emails and phone calls, and has not
provided information pertaining to the audited financials for FY23,
interim financials, management certificate, and bank limit
utilizations. This is in accordance with Ind-Ra's policy of
Guidelines on What Constitutes Non-cooperation.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lender and
withdrawal request from the issuer. This is consistent with
Ind-Ra's Policy on Withdrawal of Ratings. Ind-Ra will no longer
provide analytical and rating coverage for the company.
Company Profile
Incorporated in 1995, CRFEPL manufactures plastic poultry equipment
such as poultry feeding section, poultry watering section, egg
trays, egg transfer trays, bird transfer crates. Its manufacturing
plant is located in Hyderabad, with installed capacity of 1,500
million tons per annum. It also has two wind mill plants, of which
one is in Maharashtra and the other in Rajasthan.
CHOUNDESHWARI SAHAKARI: Ind-Ra Moves BB Rating to NonCooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Choundeshwari Sahakari Soot Girani Limited to the non-cooperating
category as per Ind Ra's policy on Issuer Non-Cooperation,
following non-submission of No Default Statement continuously for 3
months despite continuous requests and follow-ups by the agency and
also IND-Ra's inability to validate timely debt servicing through
other sources it considers reliable. No Default Statement in the
format prescribed by SEBI is required to be shared by the issuer
every month as a confirmation that all financial obligations are
being serviced on time. Investors and other users are advised to
take appropriate caution while using these ratings. The rating will
now appear as 'IND BB/Negative/ (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating action is:
-- INR200 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB/Negative / IND A4+ (Issuer
Not Cooperating) rating.
Company Profile
Registered in 1991, CSSGL is a co-operative organization formed
under the leadership of the Devang Koshti Samaj and its steering
committee and commenced its operations in 1996. All its members are
weavers and it is based in Maharashtra, and manufactures 100%
cotton yarn with capacity of 25,000 spindles.
CORROGANON INDIA: Ind-Ra Gives B+ Loan Rating, Outlook Stable
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has rated Corroganon India
Private Limited's (CIPL) bank facilities as follows:
-- INR26 mil. Fund-based working capital limits assigned with
IND B+/Stable/IND A4 rating; and
-- INR104 mil. Non-fund-based working capital limits assigned
with IND A4 rating.
Key Rating Drivers
The ratings reflect CIPL's small scale of operations, as indicated
by revenue of INR298.82 million in FY23 (FY22: INR229.54 million).
The growth in revenue in FY23 was mainly due to the timely
execution of work orders. During 5MFY24, SRIPL booked revenue of
INR127 million. As of September 2023, it had an unexecuted order
book of INR428.66 million (1.43x of FY23 revenue) to be executed
till FY25, giving medium-term revenue visibility. Ind-Ra expects
the revenue to remain at a similar level in FY24, given the
company's existing order book is limited to two projects only. FY23
financials are provisional.
Liquidity Indicator - Stretched: CIPL's average maximum utilization
of the fund-based and non-fund-based limits was high 86.26% and
94.82%, respectively, during the 12 months ended August 2023. This
is because CIPL does not have any capital market exposure and
relies on single bank to meet its funding requirements. It has
repayment obligations of INR1.80 million in FY24 and INR2.04
million in FY25. The cash flow from operations turned negative to
INR21.28 million in FY23 (FY22: INR23.64 million) due to an
increase in the working capital requirements. The company's net
working capital cycle was long at 156 days in FY23 (FY22: 143 days)
due to a high inventory holding period of 179 days (174 days). The
cash and cash equivalents stood at INR1.73 million at FYE23 (FYE22:
INR0.41 million).
The ratings also reflect high customer concentration. Two major
orders from one customer accounted for 100% of its total revenue
during FY23 (FY22: 100%).
The ratings also factor in the company' modest credit metrics, with
the gross interest coverage (operating EBITDA/gross interest
expenses) of 2.13x in FY23 (FY22: 2.21x) and net leverage (adjusted
net debt/operating EBITDAR) of 7.79x (8.77x). The net leverage in
FY23 improved due to an increase in the EBITDA to INR15.86 million
(FY22: INR14.53 million). CIPL had a total debt of INR125.13
million in FY23, which included unsecured loans of INR77.52
million from related parties. However, Ind-Ra expects the credit
metrics to improve in FY24, due to lack of a major capex plan in
the near term and scheduled repayment of term loans.
The ratings also reflects CIPL's modest EBITDA margins of 5.31% in
FY23 (FY22: 6.33%) due to the inherent risks in the civil
constriction business, with ROCE of 8.20% (7.20%). Despite the
revenue growth, the margins decreased in FY23 due to an increase in
the costs of materials consumed due to a delay in execution of some
projects. Ind-Ra expects the EBITDA margins to remain at similar
levels in FY24 , due to no major change in its cost structure owing
to the similar nature of orders.
The ratings are also supported by the promoters' more than three
decades of experience in executing civil construction contracts for
government and semi-government departments in Odisha.
Rating Sensitivities
Negative: Any substantial decline in the scale of operations,
leading to deterioration in the credit metrics and liquidity
profile, all on a sustained basis, will lead to a negative rating
action.
Positive: Any substantial increase in the scale of operations while
improving the credit metrics with net leverage below 6x, all on
sustained basis, would lead to a positive rating action.
Company Profile
Incorporated in 1985, CIPL is a Kolkata-based civil construction
company and executes projects such as construction of buildings,
hostels, government quarters and design, manufacture, erection
and commissioning of reverse osmosis plants. The company is
executing two projects in Odisha.
DYNAMIC REFRACTORIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Dynamic
Refractories (DR) 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
Short Term Bank 0.50 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 September 30,
2022, placed the rating(s) of DR under the 'issuer non-cooperating'
category as DR had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. DR continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
August 16, 2023, August 26, 2023, September 5, 2023.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Bhilwara (Rajasthan) based Dynamic Refractories (DR) was formed as
a proprietorship concern by Mrs. Sharda Sharma in 2002. DR is
primarily engaged in the business of manufacturing of insulation
bricks, fire bricks and other varieties of bricks which finds its
application as lining in furnace from its sole manufacturing
facility located at Bhilwara.
ECRON ACUNOVA: CRISIL Assigns B- Rating to INR15cr Cash Loan
------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B-/Stable' rating to the
bank facilities of Ecron Acunova Limited (EA).
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 15 CRISIL B-/Stable (Assigned)
Long Term Loan 12 CRISIL B-/Stable (Assigned)
The rating reflects the established track record of the promoters
and high-quality research. These strengths are partially offset by
its exposure to regulatory and sponsor risks associated with
contract research, moderate working capital cycle and weak
financial risk profile.
Key Rating Drivers & Detailed Description
Strengths
* Established track record of the promoters and high-quality
research facility: EA's promoters have vast experience in the field
of medicine and related businesses. Their strategic leadership
provides a focus on growing business segments such as clinical
trials undergraduate studies in the field of contract research.
Through their knowledge and expertise the company has emerged as an
integrated end-to-end solutions provider to reputed sponsors such
as Cipla, Novartis, Bayer, Eli Lilly, and Mylan.
Weaknesses
* Exposure to regulatory and sponsor risks associated with contract
research: Clinical research regulatory standards should be met
before and during the performance of clinical trials;
non-compliance may lead to termination of the Clinical trial
agreements (CTA). Europe is a key geography for the company, and it
is regulated by the European Union (EU) Clinical Trials Directive.
Moreover, many multinational companies may feel comfortable dealing
with contract research organisations (CROs) only after the latter
have executed a few big contracts successfully. Failure to execute
a contract by any CRO may be caused by various external and
regulatory factors. EA is dependent on its sponsors for the award
of contracts. The company is likely to remain exposed to regulatory
and sponsor risks over the medium term.
* Moderate working capital cycle: Gross current assets were at
166.1-215.4 days over the three fiscals ended March 31, 2023. Its
moderate working capital management is reflected in its gross
current assets (GCA) of 166.1 days as on March 31, 2023. It is
required to extend long credit period in line with the industry
standards. Furthermore, to meet its business requirement, it hold
large work in process & inventory.
* Weak financial risk profile: Negative net worth limits its
financial flexibility, and restrict the financial cushion available
to the company in case of any adverse conditions or downturn in the
business.
Liquidity- Stretched
Bank limit utilisation is high at around 99.39 percent for the past
13 months ended July 2023. Cash accrual are expected to be over
INR5.5-6 crore which are insufficient against term debt obligation
of INR5-6 crore over the medium term. Current ratio was low at 0.59
times on March 31, 2023
Outlook Stable
CRISIL Ratings believes EA will continue to benefit over the medium
term from its established track record in the contract research
segment, established customer base, and high-quality research
facilities.
Rating Sensitivity factors
Upward factors
* Sustained improvement in scale of operation by 20% and sustenance
of operating margin, leading to higher cash accruals of above INR5
crore and scale, leading to higher cash accruals.
* Improvement in the overall financial risk profile
Downward factors
* Decline in profitability or stretch in working capital cycle
leading to further networth erosion
* Large debt-funded capital expenditure weakens capital structure
* Witnesses a substantial increase in its working capital
requirements thus weakening its liquidity & financial profile.
Incorporated in 2004, EA is a full service CRO engaged in providing
services in the field of cellular research, clinical trials,
contract research, clinical data management and biostatistical
services. The company is based out of Bangalore, Karnataka. With
effect from May 23, 2016, the name of the entity has been changed
to EA from Manipal Acunova Limited. EA is a 100% subsidiary of Take
Solutions Limited (TSL).
ENMAX ENGINEERING: Ind-Ra Moves BB+ Loan Rating to NonCooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Enmax Engineering
(India) Private Limited's bank facilities to the non-cooperating
category. The issuer did not participate in the rating exercise
despite continuous requests and follow-ups by the agency.
Therefore, investors and other users are advised to take
appropriate caution while using these ratings.
The instrument-wise rating actions are:
-- INR70 mil. Fund-based limit migrated to non-cooperating
category with IND BB+ (ISSUER NOT COOPERATING) rating;
-- INR90 mil. Non-Fund-based limit migrated to non-cooperating
category with IND A4+ (ISSUER NOT COOPERATING) rating; and
-- INR40 mil. Term loan due on June 2027 migrated to non-
cooperating category with IND BB+ (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING: The issuer did not cooperate; based
on best available information. The ratings were last reviewed on
September 22, 2023. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Company Profile
Incorporated in 2007, Enmax Engineering (India) supplies waste heat
recovery systems and its components. The company, which is managed
by VVS Narayana Reddy and the family, has its registered office in
Hyderabad.
ESMARIO EXPORT: Ind-Ra Moves BB Issuer Rating to Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Esmario Export Enterprises Private Limited to the non-cooperating
category as per Ind Ra's policy on Issuer Non-Cooperation,
following non-submission of No Default Statement continuously for 3
months despite continuous requests and follow-ups by the agency and
also IND-Ra's inability to validate timely debt servicing through
other sources it considers reliable. No Default Statement in the
format prescribed by SEBI is required to be shared by the issuer
every month as a confirmation that all financial obligations are
being serviced on time. Investors and other users are advised to
take appropriate caution while using these ratings. The rating will
now appear as 'IND BB/Negative/ (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating actions are:
-- INR100 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB/Negative / IND A4+ (Issuer
Not Cooperating) rating; and
-- INR75 mil. Non-Fund Based Working Capital Limit migrated to
non-cooperating category with IND A4+ (Issuer Not
Cooperating) rating.
Company Profile
EEEPL was incorporated in 1968 by George Joseph Fernandez. In 2010,
it was taken over by M/s. Esmario Export Enterprises Pvt Ltd.in the
company trades boats, boat engines and spares. It also processes
and exports frozen sea foods.
GINNI GLOBAL: Ind-Ra Cuts Bank Loan Rating to BB
------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Ginni Global
Private Limited's (GGPL) bank facilities to 'IND BB (ISSUER NOT
COOPERATING)' from 'IND BBB+ (ISSUER NOT COOPERATING)'.
The detailed rating action is:
-- INR264.3 mil. Term loan due on December 2026 downgraded with
IND BB (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
February 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 Ind-Ra
will necessarily downgrade such rating to the non-investment grade,
while maintaining the issuer not cooperating status.
The rating of 'IND BB (ISSUER NOT COOPERATING)' might not reflect
GGPL's credit strength as the company has been non-cooperative with
the agency since April 11, 2023. Therefore, investors and other
users are advised to take appropriate caution while using these
ratings.
Company Profile
GGPL is an independent power producer engaged in the generation of
hydel power. The company operates two hydro-electric plants of 5MW
capacity each at Taraila and Balsio, Chamba District, Himachal
Pradesh. The company commissioned the Taraila Hydro Power Project
in 2007 and Balsio Hydro Power Project in 2012.
GURBAXANI ENGINEERING: Ind-Ra Moves BB+ Rating to Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Gurbaxani
Engineering and Constructions Private Limited’s (GECPL) rupee
term loan to the non-cooperating category. The issuer did not
provide critical information required in the rating process despite
continuous requests and follow ups by the agency through emails and
phone calls. Therefore, users are advised to take appropriate
caution while using these ratings. The rating will now appear as
'IND BB+ (ISSUER NOT COOPERATING) / Stable on the agency's website.
The detailed rating action is:
-- INR475.1 mil. Senior secured rupee term loan due on March
2029# migrated to non-cooperating category with IND BB+
(ISSUER NOT COOPERATING)/Stable rating.
* Bank guarantee worth INR102.6 million is a sub-limit of the
rupee term loan facility
# Linked to the achievement of actual commercial operations date
Note: ISSUER NOT COOPERATING: Issuer did not co-operate, based on
the best available information. The ratings were last reviewed on
July 15, 2022. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.
Company Profile
GECPL, a special purpose vehicle incorporated by DCG, has been
awarded a 12-year concession (including two-year construction
period) for the improvement and operation/maintenance of two-laning
of roads totaling 45.2km in the Chandrapur district in
Maharashtra.
GURBAXANI INFRAVENTURES: Ind-Ra Moves BB+ Rating to NonCooperating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Gurbaxani
Infraventures Private Limited's rupee term loan (RTL) to the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB+ (ISSUER NOT COOPERATING)'/Stable on the agency's
website.
The detailed rating action is:
-- INR431 mil. Senior secured RTL due on March 2029# migrated to
non-cooperating category with IND BB+ (ISSUER NOT
COOPERATING)/Stable rating.
* Bank guarantee worth INR93.0 million is a sub-limit of the RTL
facility
## Linked to the achievement of actual commercial operations
date.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best available information. The rating was last reviewed on
July 15, 2022. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.
Company Profile
GIPL, a special purpose vehicle incorporated by D.C. Gurbaxani, has
been awarded a 12-year concession (including two-year construction
period) for the improvement and operation/maintenance of two-laning
of roads totalling 32.9km in Chandrapur district in Maharashtra.
The total bid-project cost of GIPL is INR1,550.9 million, which is
likely to be financed by an equity contribution of INR189.4 million
by DCG, construction grants of INR930.5 million payable by
concession authority and project debt of INR431.0 million. The
appointed date of the project was received on January 29, 2019 and
the scheduled construction period is two years.
GVR BEHARI: Ind-Ra Keeps D Term Loan Rating in Non-Cooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained GVR Behari
Hanumana Tollway Private Limited's (GBHTPL) term loan rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency through emails. Therefore, investors and other users are
advised to take appropriate caution while using the rating. The
rating will continue to appear as 'IND D (ISSUER NOT COOPERATING)'
on the agency's website.
The detailed rating action is:
-- INR1,086.9 bil. Term loan (Long-term) due on October 2025
maintained in non-cooperating category with IND D (ISSUER NOT
COOPERATING) rating.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
best available information
The rating was last reviewed on August 17, 2018. Ind-Ra is unable
to provide an update, as the agency does not have adequate
information to review the ratings.
Company Profile
GVR Behari Hanumana Tollway, which is wholly owned by GVR Infra
Projects Ltd, has been granted a 15-year
design-build-fund-operate-transfer concession by Madhya Pradesh
Road Development Corporation for the two-laning of the
Behari-Hanumana section from 110km of National Highway-75(E) to
243km of National Highway-7.
GVR PANNA: Ind-Ra Keeps D Term Loan Rating in Non-Cooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained GVR Panna
Amanganj Tollway Private Limited's term loan rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using the rating. The rating will
continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the
agency's website.
The detailed rating action is:
-- INR870.7 mil. Term loan (Long-term) due on November2025
maintained in non-cooperating category with IND D (ISSUER NOT
COOPERATING) rating.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate, based on
the best available information. The rating was last reviewed on
August 17, 2018. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Company Profile
GVR Panna Amanganj Tollway has been granted a 15-year
design-build-fund-operate-transfer concession by Madhya Pradesh
Road Development Corporation Limited for the expansion of a 58.18km
part of the Panna-Amanganj section of State Highway-47 into two
lanes.
HANDICRAFT & HANDLOOM: CARE Keeps C Debt Rating in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Handicraft
& Handloom Export Corporation of India Limited (HHECOIL) continue
to remain in the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Short Term Bank 18.40 CARE A4; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Rationale and Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated September 21,
2022, placed the rating(s) of HHECOIL under the 'issuer
non-cooperating' category as HHECOIL 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. HHECOIL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 8, 2023, August 17,
2023, August 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).
HHEC was established in 1958 and presently operates as an
independent Public Sector Undertaking (PSU) under the
administrative control of Ministry of Textile (MoT). HHEC operates
under two segments, namely, handicraft and handloom segment (H&H
segment) and bullion segment. H&H segment involves direct export
sale of handicraft, handloom & carpets etc, and indirect export
(through exhibitions and fairs) and sale of gold and silver
jewellery. HHEC also has a manufacturing facility at Noida (Uttar
Pradesh) and Chennai (Tamil Nadu) for manufacturing ready-to-wear
garments.
HARIOM AQUA: Ind-Ra Affirms BB+ Loan Rating, Outlook Stable
-----------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed the Hariom Aqua
Culture Private Limited's (HAPL) bank facilities at 'IND BB+'. The
Outlook is Stable.
The instrument-wise rating actions are:
-- INR305 mil. Fund-based working capital limit affirmed with IND
BB+/Stable/IND A4+ rating; and
-- INR25 mil. Term loan due on November 5, 2025 affirmed with IND
BB+/Stable rating.
Key Rating Drivers
The revival of ratings to corporation reflects HAPL's timely
submission of a no-default certificate to the agency.
The ratings reflect HAPL's average EBITDA margin of 4.12% in FY23
(FY22: 4.00%). The return on capital employed was 12.2% in FY23
(FY22: 16.7%). Ind-Ra expects the EBITDA margin to remain at
similar levels in FY24. FY23 numbers are provisional in nature.
The ratings further reflect HAPL's moderate credit metrics with
deterioration in the gross interest coverage (operating
EBITDA/gross interest expense) to 2.46x in FY23 (FY22: 2.66x) and
in the net financial leverage (adjusted net debt/operating EBITDA)
to 4.89x (3.07x). The credit metrics deteriorated in FY23 due to a
reduction in the EBITDA to INR53 million (FY22: INR60 million) and
an increase in the utilization of fund-based working capital limit
to INR168.22 million (INR98.22 million). In FY24, the credit
metrics are likely to deteriorate further due to the company's
planned capex through the term loan.
The ratings factor in HAPL's medium scale of operations, with a
decline in the revenue to INR1,287.18 million in FY23 (FY22:
INR1,501.28 million) due to lower sales. In FY24, Ind-Ra expects
the revenue to remain at similar levels.
Liquidity Indicator – Stretched: HAPL's average maximum
utilization of the fund-based limits was 94.87% during the 12
months ended August 2023. The cash flow from operations turned
negative at INR78.04 million in FY23 (FY22: INR32.92 million) due
to an increase in the working capital. Consequently, the free cash
flow turned negative at INR87.48 million in FY23 (FY22: INR14.97
million). The moderate net working capital cycle deteriorated to 83
days in FY23 (FY22: 53 days) because of the increase in the debtor
days to 87 (67). The debt repayable is INR16.3 million in FY24 and
FY25 each. HAPL does not have any capital market exposure and
relies on banks and financial institutions to meet its funding
requirements. The cash and cash equivalents stood at INR1.28
million at FYE23 (FYE22: INR1.42 million).
The ratings, however, continue to be supported by HAPL's promoters'
over three decades of experience in the aquaculture industry.
Rating Sensitivities
Negative: Deterioration in the revenue or the operating
profitability margins, leading to the net leverage remaining above
3.5x and deterioration in the liquidity position, all on a
sustained basis, will be negative for the ratings.
Positive: A substantial increase in the revenue and operating
profitability margins, leading to an improvement in the credit
metrics, all on a sustained basis, will be positive for the
ratings.
Company Profile
Incorporated in January 2010 by Suresh Patel and Hitesh Patel, HAPL
is engaged in shrimp farming and trading of products related to
farming such as feeds, seeds, probiotics and aerator.
HI-TECH HYDRAULIC: Ind-Ra Hikes Loan Rating to BB-, Outlook Stable
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Hi-Tech Hydraulic
Engineers' (HTHE) bank loans' ratings to 'IND BB-' from 'IND B
(ISSUER NOT COOPERATING)'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR60 mil. Fund-based working capital limit upgraded with IND
BB-/Stable rating;
-- INR30 mil. Non-fund-based working capital limit upgraded with
IND A4+ rating; and
-- INR14.23 mil. (reduced from INR31.25 mil.) Term loan due on
March 31, 2024 upgraded with IND BB-/Stable rating.
The upgrade reflects a significant increase in HTHE's revenue in
FY23, on account of higher realization, resulting from increased
demand for its products.
Key Rating Drivers
According to FY23 provisional financials, HTHE's revenue jumped to
INR451.14 million (FY22: INR301.22 million), due to an increase in
sales realizations to INR1,433.65 (INR961.69) and sales volumes to
157,500 pieces (78,300 pieces), led by rising demand for conveyer
belt components products. Despite the revenue growth, the scale of
operations remains small. In 1QFY24, the company booked revenue of
INR106.08 million. As of August 2023, it had orders in hand worth
INR286.28 million, which will be executed in the next three-to-four
months. In FY24, Ind-Ra expects the revenue to remain at similar
level due to a likely increase in orders from new and existing
customers.
The ratings also factor in HTHE's continued modest EBITDA margins
of 5.12% in FY23 (FY22: 7.70%) with a return on capital employed of
7.70% (7.6%). Despite the surge in revenue, the EBITDA margin
declined due to an increase in the overall cost of goods sold. The
margins are susceptible to volatility in raw material prices and
direct expenses, which constituted 91% of the total cost of sales
in FY23. Ind-Ra expects the margins to remain at similar levels in
FY24 owing to no major change in the company's cost structure.
The ratings continue to reflect HTHE's modest credit metrics. The
interest coverage (operating EBITDA/gross interest expenses)
declined to 1.72x in FY23 (FY22: 2.36x) due to an increase in the
interest expense to INR13.39 million (INR9.81 million) on account
of increased utilization of its fund-based facilities. However, the
net leverage (total adjusted net debt/operating EBITDAR) improved
to 4.26x in FY23 (FY22: 5.07x) because of an increase in cash.
Ind-Ra expects the credit metrics to deteriorate in FY24 due to a
planned debt-led capex.
Liquidity Indicator - Stretched: The cash flow from operations
turned positive to INR3.72 million in FY23 (FY22: negative INR2.95
million) due to favorable changes in working capital. Further, the
free cash flow improved, although remained negative at INR5.96
million in FY23 (FY22: INR12.61 million) due to capex of INR9.88
million. The company plans to incur capex of INR211 million in FY24
for its new unit, which will be funded by term debt of INR153
million and promoters contribution of INR58 million. HTHE's average
maximum utilization of the fund-based limits was 99.97% and
non-fund-based limits was 92.70% during the 12 months ended August
2023. The net working capital cycle remained stretched at 97 days
in FY23 (FY22: 99 days) on account of an increase in the inventory
holding period to 101 days (84 days) as the company purchased bulk
inventory at the end of the year. The cash and cash equivalents was
INR30.58 million at FYE23 (FYE22: INR0.64 million), against
scheduled debt repayment obligations of INR3.36 million and
INR32.16 million for FY24 and FY25, respectively. HTHE does not
have any capital market exposure and relies on banks and financial
institutions to meet its funding requirements.
However, the ratings continue to be supported by HTHE's established
operational track record and the partners' operating experience of
over two decades in the manufacturing of hydraulic machinery
components.
Rating Sensitivities
Positive: A significant increase in the scale of operations while
improving the overall credit metrics, along with the net leverage
remaining below 4.25x and/or an improvement in the liquidity
position, all on a sustained basis, could lead to a positive rating
action.
Negative: A decline in the scale of operations leading to
deterioration in the overall credit metrics and/or deterioration in
the liquidity position on a sustained basis, could lead to a
negative rating action.
Company Profile
Founded in 2005, HTHE manufactures conveyer belt components such as
idler roller, pulleys and heavy material handling systems. The
company's plant is located at Hyderabad and has a total annual
manufacturing capacity of rollers of 250,000 and pulleys of 2,400.
Roshi Reddy is the promoter.
HINDUSTAN DISTRIBUTORS: Ind-Ra Moves BB+ Rating in Non-Cooperating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Hindustan Distributors to the non-cooperating category as per Ind
Ra's policy on Issuer Non-Cooperation, following non-submission of
No Default Statement continuously for 3 months despite continuous
requests and follow-ups by the agency and also IND-Ra's inability
to validate timely debt servicing through other sources it
considers reliable. No Default Statement in the format prescribed
by SEBI is required to be shared by the issuer every month as a
confirmation that all financial obligations are being serviced on
time., Investors and other users are advised to take appropriate
caution while using these ratings. The rating will now appear as
'IND BB+/Negative/ (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating action is:
-- INR250 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB+/Negative rating.
Company Profile
HD is engaged in the distribution business in the modern trade
segment for companies such as Hindustan Unilever Limited,
Colgate-Palmolive (India) Limited and distributorship business of
Samsung Limited's (mobiles, laptops, tablets), LG and Llyod
products. The firm has been associated with brands such as Samsung,
Dabur, and Hindustan Unilever for 25-30 years.
HOTEL JAYAPUSHPAM: Ind-Ra Affirms BB+ Loan Rating, Outlook Stable
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Hotel Jayapushpam
Private Limited's (Hotel JP) term loans as follows:
-- INR35.8 mil. Term loans due on September 2028 affirmed with
IND BB+/Stable rating.
Key Rating Drivers
The affirmation reflects Hotel JP's continued small scale of
operations even as its revenue increased to INR263.06 million in
FY23 (FY22: INR131.60 million) due to an increase in the average
occupancy level to 75%-80% (55%-60%), coupled with a rise in the
average room rate to INR4,000 per day (INR3,000 per day). Hotel JP
enters into contracts with corporates, which are renewed annually.
In 5MFY24, it booked a revenue of around INR120 million with 80%
occupancy and an average room rate of INR4,200 per day. Ind-Ra
expects the revenue to improve further over the medium term on the
back of the yearly renewable corporate contracts and the rise in
the income from the food & beverage segment and banquet halls. The
hotel has started a new restaurant Zing from September 2023. FY23
numbers are provisional in nature.
The EBITDA margin decreased to 16.19% in FY23 (FY22: 19.54%), with
a return on capital employed of 15.50% (7.20%), on account of an
increase in the personnel expenses to 28.21% of the revenue
(25.97%), due to the onboarding of staff to support the newly
opened restaurant. Ind-Ra expects the EBITDA margins to remain at
similar levels in FY24, due to the nature of operations carried
out.
The ratings factor Hotel JP's comfortable credit metrics as its
gross interest coverage (EBITDA/gross interest expense) improved to
7.64x in FY23 (FY22: 5.00x) and net leverage (adjusted net
debt/operating EBITDA) to 0.23x (1.64x). The gross interest
coverage improved due to an increase in the absolute EBITDA to
INR42.59 million in FY23 (FY22: INR25.71 million) and the net
leverage improved due to the repayment of debt obligation reflected
in the total debt of INR9.70 million (INR43.87 million). Ind-Ra
expects the credit metrics to improve due to the absence of any
debt-led capex planned over the medium term.
Liquidity Indicator - Stretched: Hotel JP does not have a revolving
credit facility but guaranteed emergency credit line loans and
dropline overdraft facilities to fund its working capital
requirements. It does not have any capital market exposure and
relies on a single bank and financial institutions to meet its
funding requirements. The cash flow from operations increased to
INR51.27 million in FY23 (FY22: INR3.33 million) due to favorable
changes in the average room rates and occupancy. The cash and cash
equivalents stood at INR6.77 million at FYE23 (FYE22: INR3.33
million). It has scheduled debt repayment of INR9.7 million in FY24
and no repayments in FY25. The working capital cycle improved to 42
days in FY23 (FY22: 78 days) due to an improvement in the creditor
period to one day (FY22: negative 44 days) even as debtor days
increased to 35 (26).
The ratings also continue to be constrained by Hotel JP's
dependence on a single property (the Chennai hotel) for revenue.
However, the ratings remain supported by the locational advantage
of the hotel with proximity to airport and railway station.
The ratings continue to be supported by the founders' experience of
over a decade in the hotel business.
Rating Sensitivities
Negative: A substantial decrease in the scale of operations or
operating profitability, or deterioration in the overall credit or
the liquidity profile, on a sustained basis, could lead to a
negative rating action.
Positive: A substantial increase in the scale of operations and
operating profitability, along with an improvement in the overall
credit profile and the liquidity profile, with an improved net
leverage, all on a sustained basis, could lead to a positive rating
action.
Company Profile
Established in 2002, Hotel JP is a private limited company founded
by J Ashok. It has a three-star hotel with 90 rooms in Chennai,
Tamil Nadu. The hotel has three restaurants – a resto bar, a
rooftop restaurant, an all-day dining and eight banquet halls.
INCREDIBLE INDUSTRIES: Ind-Ra Keeps B+ Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Incredible
Industries Limited's (formerly Adhunik Industries Limited) bank
facilities' rating in the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR253 mil. Fund-based limits* maintained in non-cooperating
category and withdrawn; and
-- INR216.5 mil. Non-fund-based limits# 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 B+ (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
through emails and phone calls.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lenders. This is
consistent with the Ind-Ra's Policy on Withdrawal of Ratings.
Company Profile
Kolkata-based Incredible Industries manufactures rolled products,
mainly thermo-mechanically treated bars, rounds and wire rods at
its plant in Durgapur, West Bengal, with an annual installed
capacity of 234,000 metric tons.
INFRA BLOCK: CRISIL Assigns B+ Rating to INR23.4cr Term Loan
------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
bank facility of Infra Block Industries Pvt Ltd (IBIPL).
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6 CRISIL B+/Stable (Assigned)
Term Loan 23.4 CRISIL B+/Stable (Assigned)
The rating reflects exposure to risks related to the ongoing
project and the likelihood of a leveraged capital structure. These
weaknesses are partially offset by the extensive entrepreneurial
experience of the promoters.
Key Rating Drivers & Detailed Description
Weaknesses:
* Exposure to risks related to the ongoing project: IBIPL is
scheduled to commence its project in December 2023. Demand risk
should be moderate, given the low entry barriers and the intense
competition in the building products industry. Timely completion
and successful stabilisation of operations at the new unit will be
a key rating sensitivity factor.
* Expectation of a leveraged capital structure: Financial risk
profile is likely to be average, marked by high gearing and
moderate debt protection metrics. The company has debt of around
INR29 crore, which will result in high gearing and total outside
liabilities to tangible networth ratio.
Strength:
* Extensive entrepreneurial experience of the promoters: Extensive
entrepreneurial experience of the promoters across varied
businesses has helped them maintain healthy business relationships
in the region. This should help the company in quickly ramping up
the scale of operations, going forward.
Liquidity: Stretched
Cash accrual is likely to be negative in fiscal 2024, however
against nil debt. Going forward, the net cash accrual should
improve and suffice to cover the debt obligation of over INR3 crore
over the medium term.
Outlook: Stable
CRISIL Ratings believes IBIPL will benefit from the extensive
entrepreneurial experience of its promoters over the medium term.
Rating Sensitivity factors
Upward factors:
* Timely stabilisation of operations at the proposed plant, leading
to significant revenue and profitability
* Increase in cash accrual to over INR4.5 crore to meet debt
obligations over the medium term
Downward factors:
* Considerable delay in commencement of operations of the proposed
unit
* Significantly low cash accrual less than INR1.5 crore during the
initial phase of operations
IBIPL was incorporated in 2022. The company is setting up a plant
to manufacture autoclaved aerated concrete (AAC) blocks at Surat,
Gujarat, with installed capacity of 1,50,000.00 cubic meter (with
75,000 cubic meter of each fly ash and sand base). The plant
should be commissioned in December 2023.
Operations are managed by promoters, Mr Kamlesh Shamji Sanghani, Mr
Prafullkumar Shamji Sanghani and Mr Mehulkumar Chhaganlal Vekaria.
KAMESHWARI FOODS: CRISIL Assigns B+ Rating to INR12cr LT Loan
-------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
bank facilities of Shri Kameshwari Foods India Private Limited
(SKFIPL).
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 8 CRISIL B+/Stable (Assigned)
Proposed Long Term
Bank Loan Facility 12 CRISIL B+/Stable (Assigned)
Term Loan 10 CRISIL B+/Stable (Assigned)
The rating reflects SKFIPL's vulnerability to volatility in raw
material prices and changes in government regulations along with
average scale of operations. These weaknesses are partially offset
by the extensive industry experience of the promoters.
Key Rating Drivers & Detailed Description
Weakness
* Vulnerability to volatility in raw material prices and changes in
government regulations: Vulnerability of the rice crop/paddy to the
vagaries of the rainfall can lead to fluctuations in availability
and prices of paddy, and thus could impact the business risk
profile. Moreover, it will continue to remain exposed to
government regulations in terms of prices of agro commodities,
export/ import restrictions etc.
* Average scale of operations: Company started its operation in
January 2023. Business risk profile is marked by modest operating
income of INR32 crore. Scale is expected to be at a similar level
along with marginal dip in profitability in fiscal 2023 amid
intense competition in the industry.
Strength
* Extensive industry experience of the promoters: The promoters
have experience of over a decade in agriculture industry. This has
given them an understanding of the dynamics of the market and
enabled them to establish relationships with suppliers and
customers.
Liquidity: Stretched
Bank limit utilization is moderate at around 74.67 percent for the
past ten months ended August-23.
Cash accruals are expected to be over INR3.2 crores, which are
sufficient against term debt obligation of INR1.6 crores over the
medium term. In addition, USL of INR7.49 crore will continue to be
in the business over the medium term and will act as a cushion to
the liquidity of the company.
Current ratio is healthy at 1.45 times on March 31, 2023.
The promoters are likely to extend support in the form of equity
and unsecured loans to meet its working capital requirements and
repayment obligations.
Outlook Stable
CRISIL Ratings believe SKFIPL will continue to benefit from the
extensive experience of its promoter, and established relationships
with clients.
Rating Sensitivity factors
Upward factor
* Improvement in the scale of operation and sustenance of operating
margins over 9%, leading to higher cash accruals.
* Improvement financial risk profile including Total Outside *
Liability/Adjusted Net Worth (TOL/ANW) and Gearing.
Downward factor
* Decline in scale of operations and profitability margin below 6%,
hence leading to lower net cash accrual lower.
* Witnesses a substantial increase in its working capital
requirements thus weakening its liquidity & financial profile.
SKFIPL was incorporated in 2021. SKFIPL is engaged in processing
i.e. milling, polishing and sorting of basmati rice. It has a
milling facility situated in Bareli, Madhya Pradesh. It has an
installed capacity of 8 tonnes per hour (tph) for rice milling. It
trades rice under its own brand "Five Flowers". It is promoted by
Sumit Verma and Sachin Verma.
LOTUS ORNAMENTS: CRISIL Lowers Rating on LT/ST Debts to D
---------------------------------------------------------
CRISIL Ratings has downgraded its ratings on the bank facilities of
Lotus Ornaments Private Limited (Lotus) to 'CRISIL D/CRISIL D
Issuer Not Cooperating' from 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating' based on publicly available information.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Rating - CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
Short Term Rating - CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL A4 ISSUER NOT
COOPERATING')
CRISIL Ratings has been consistently following up with Lotus
Ornaments Private Limited (Lotus) for obtaining information through
letters and emails dated April 20, 2022, June 9, 2022, Oct. 4, 2023
and Oct. 3, 2023 among others, apart from telephonic communication.
However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such
non-co-operation by a rated entity may be a result of deterioration
in its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Lotus, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on Lotus
is consistent with 'Assessing Information Adequacy Risk'.
Lotus, is a Mumbai based company, is involved in manufacture of
diamond studded gold jewellery. The company has manufacturing
facility based in Mumbai.
Status of non cooperation with previous CRA:
Lotus has not cooperated with Brickwork Ratings India Private
Limited, which led to its classification as 'issuer not
cooperative' vide release dated Dec 20,2022. The reason provided by
Brickwork Ratings India Private Limited is non-furnishing of
information for monitoring of ratings.
MAPS GRANITO: Ind-Ra Moves BB Issuer Rating to NonCooperating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Maps Granito Private Limited to the non-cooperating category as per
Ind Ra's policy on Issuer Non-Cooperation, following non-submission
of No Default Statement continuously for 3 months despite
continuous requests and follow-ups by the agency and also IND-Ra's
inability to validate timely debt servicing through other sources
it considers reliable. No Default Statement in the format
prescribed by SEBI is required to be shared by the issuer every
month as a confirmation that all financial obligations are being
serviced on time., Investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB/Negative/ (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating actions are:
-- INR300 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB/Negative / IND A4+ (Issuer
Not Cooperating) rating;
-- INR798.1 mil. Term loan migrated to non-cooperating category
with IND BB/Negative rating; and
-- INR70 mil. Non-Fund Based Working Capital Limit due on Aug 31,
2028 migrated to non-cooperating category with IND A4+
(Issuer Not Cooperating) rating.
Company Profile
MAPS was established in December 2016 and it commenced operations
in 2018. Its registered office is in Morbi, Gujrat. it manufactures
vitrified tiles, with a total capacity of 33,000 square meters per
day. The company sells its products in domestic as well as
international markets.
NARESH RETAIL: Liquidation Process Case Summary
-----------------------------------------------
Debtor: Naresh Retail Mart LLP
37, Bhagaban Ganguly Lane,
Howrah West Bengal-711101
Liquidation Commencement Date: September 18, 2023
Court: National Company Law Tribunal, Kolkata Bench-I
Liquidator: Netai Basak
Flat No. 3B, Srijoni Apartment,
34T/3, N K Ghoshal Road,
Kasba Kolkata-700042
Cell: 7596098877
Email: nbasak2002@yahoo.co.in
cirp.nareshretail@gmail.com
Last date for
submission of claims: October 17, 2023
OVERNITE EXPRESS: Liquidation Process Case Summary
--------------------------------------------------
Debtor: Overnite Express Limited
Overnite House, 11099-C
East Park Road,
New Delhi DL 110005
Liquidation Commencement Date: September 18, 2023
Court: National Company Law Tribunal, New Delhi Bench-II
Liquidator: Tarun Jain
1001, Vikrant Tower Rajendra Place,
New Delhi, New Delhi 110008
Email: info@jainandpartners.com
cirp.overnite@gmail.com
Last date for
submission of claims: October 18, 2023
OYSTER EXIM: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Oyster Exim Private Limited to the non-cooperating category as per
Ind Ra's policy on Issuer Non-Cooperation, following non-submission
of No Default Statement continuously for 3 months despite
continuous requests and follow-ups by the agency and also IND-Ra's
inability to validate timely debt servicing through other sources
it considers reliable. No Default Statement in the format
prescribed by SEBI is required to be shared by the issuer every
month as a confirmation that all financial obligations are being
serviced on time., Investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB+/Negative/ (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating actions are:
-- INR194.84 mil. Term loan due on Jun 30, 2029 migrated to non-
cooperating category with IND BB+/Negative rating; and
-- INR202.5 mil. Fund Based Working Capital Limit migrated to
non-cooperating category with IND BB+/Negative / IND A4+
(Issuer Not Cooperating) rating.
Company Profile
Incorporated in 2019, OEPL manufactures dairy products such as
clarified butter, skimmed milk powder and pasteurized milk. It has
a plant in Indore with a daily milk processing capacity of 2,25,000
liters.
PATNA BAKHTIYARPUR: Ind-Ra Keeps D Loan Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Patna
Bakhtiyarpur Tollway Limited's bank loan rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency through emails and phone calls. Therefore, investors and
other users are advised to take appropriate caution while using
these ratings. The rating will continue to appear as 'IND D (ISSUER
NOT COOPERATING)' on the agency's website.
The detailed rating action is:
-- INR7,145.89 bil. Bank loans (Long-term) maintained in non-
cooperating category with IND D (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING: The issuer did not cooperate, based
on the best available information. The ratings were last reviewed
on June 8, 2018. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
Company Profile
Patna Bakhtiyarpur Tollway is a special-purpose vehicle
incorporated to implement a 50.65km-lane expansion (four-laning)
between Anisabad in Patna and Bakhtiyarpur on the National
Highway-30 in Bihar under an 18-year concession from the National
Highways Authority of India National Highway Authority of India
('IND AAA'/Stable).
PRAGATI TRANSMISSION: Ind-Ra Moves BB+ Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated all the ratings of
Pragati Transmission Private Limited to the non-cooperating
category as per Ind Ra's policy on Issuer Non-Cooperation,
following non-submission of No Default Statement continuously for 3
months despite continuous requests and follow-ups by the agency and
also IND-Ra's inability to validate timely debt servicing through
other sources it considers reliable. No Default Statement in the
format prescribed by SEBI is required to be shared by the issuer
every month as a confirmation that all financial obligations are
being serviced on time. Investors and other users are advised to
take appropriate caution while using these ratings. The rating will
now appear as 'IND BB+/Negative/ (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating actions are:
-- INR179 mil. Term loan due on Dec 31, 2031 migrated to non-
cooperating category with IND BB+/Negative rating; and
-- INR85 mil. Fund Based Working Capital Limit migrated to non-
cooperating category with IND BB+/Negative / IND A4+ (Issuer
Not Cooperating) rating.
Company Profile
Established in 2006 by P.D. Kadam and Atul S Bhirangi, PTPL
manufactures and exports precision gears that are used in the
aerospace business, industrial gear boxes, power tools, and machine
tools and automobiles. The company also undertakes job work orders
for computerized numerical control gear grinder, hob sharpener, and
computerized numerical control gear tester.
PRC YARN: CRISIL Assigns B+ Rating to INR5cr Proposed Loan
----------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
bank facilities of PRC Yarn (PRCY).
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Cash
Credit Limit 5 CRISIL B+/Stable (Assigned)
The rating reflects PRCY's low operating margins due to trading
nature of the business and modest scale of operation. These
weaknesses are partially offset by its extensive industry
experience of the promoters and healthy debt protection.
Key Rating Drivers & Detailed Description
Weaknesses:
* Low operating margins due to trading nature of the business: The
small initial investment and the low complexity of operations have
resulted in existence of innumerable entities, much smaller in
size, leading to significant fragmentation and low operation
margins ranging between 0.7-1% going forward.
* Modest scale of operation: PRCY's business profile is constrained
by its scale of operations in the intensely competitive Trader's
industry. PRCYs scale of operations will continue limit its
operating flexibility.
Strengths:
* Extensive industry experience of the promoters: The promoters
have an extensive experience in industry. This has given them an
understanding of the dynamics of the market and enabled them to
establish relationships with suppliers and customers.
* Healthy debt protection: PRCY's debt protection measures have
been at comfortable level despite leverage due to moderately
healthy profitability. The interest coverage and net cash accrual
to total debt (NCATD) ratio are at 2.72 times and 0.20 times for
fiscal 2023. PRCY debt protection measures are expected to remain
at similar level over medium term.
Liquidity: Stretched
Cash accruals are expected to be over INR0.15 crore which are
sufficient against term no debt obligation over the medium term. In
addition, it will be act as cushion to the liquidity of the
company.
Current ratios are healthy at 1.90 times on March31, 2023. The
promoters are likely to extend support in the form of equity and
unsecured loans to meet its working capital requirements.
Outlook: Stable
CRISIL Ratings believes PRCY will continue to benefit over the
medium term from its relationships with principals and experience
of the management to mitigate the inherent risk in trading
business.
Rating Sensitivity factors
Upward factors:
* Sustained revenue growth of 40-50% percent over the medium term
along with sustenance of margins.
* Improvement in the financial risk profile
Downward factors:
* Stagnancy in business due to weak demand leading to drop in
revenue levels of more than 20-25%
* Any debt funded capital expenditure adversely affecting liquidity
and financial risk profile.
PRCY was established in 2021, it is engaged in trading of yarn and
other textile products. PRCY is owned & managed by Harsh Nathany
and Madhu Agarwal.
PRINITI FOODS: CRISIL Withdraws B+ Rating on INR8.75cr Term Loan
----------------------------------------------------------------
Due to inadequate information, CRISIL Ratings, in line with SEBI
guidelines, had migrated the rating of Priniti Foods Private
Limited (PFPL) to 'CRISIL B+/Stable Issuer Not Cooperating'. CRISIL
Ratings has withdrawn its rating on bank facility of PFPL following
a request from the company and on receipt of a 'no dues
certificate' from the banker. Consequently, CRISIL Ratings is
migrating the ratings on bank facilities of PFPL from 'CRISIL
B+/Stable Issuer Not Cooperating to 'CRISIL B+/Stable'. The ratings
action is in line with CRISIL Ratings' policy on withdrawal of bank
loan ratings.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 4 CRISIL B+/Stable (Migrated
from 'CRISIL B+/Stable
ISSUER NOT COOPERATING';
Rating Withdrawn)
Term Loan 8.75 CRISIL B+/Stable (Migrated
from 'CRISIL B+/Stable
ISSUER NOT COOPERATING';
Rating Withdrawn)
Term Loan 0.23 CRISIL B+/Stable (Migrated
from 'CRISIL B+/Stable
ISSUER NOT COOPERATING';
Rating Withdrawn)
Incorporated in 2009 and promoted by New Delhi-based Mr Rajesh
Garg, PFPL manufactures assorted extruded snacks such as finger
snacks, rings, puffs, and potato chips, at its plant in Sonepat,
Haryana. Incorporated in 2009 and promoted by New Delhi-based Mr
Rajesh Garg, PFPL manufactures assorted extruded snacks such as
finger snacks, rings, puffs, and potato chips, at its plant in
Sonepat, Haryana.
RAGHUVANSHI INDUSTRIES: CRISIL Cuts Rating on INR17cr Loan to D
---------------------------------------------------------------
CRISIL Ratings has downgraded the rating of Raghuvanshi Industries
Pvt Ltd (RIPL) to 'CRISIL D Issuer Not Cooperating' from 'CRISIL
B+/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 17 CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
Proposed Long Term 3 CRISIL D (ISSUER NOT
Bank Loan Facility COOPERATING; Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
CRISIL Ratings has been consistently following up with RIPL for
obtaining information through letters and emails dated October 21,
2022, December 15, 2022 and September 27, 2023, among others, apart
from telephonic communication. However, the issuer has remained non
cooperative.
The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such
non-cooperation by a rated entity may be a result of deterioration
in its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RIPL, which restricts the
ability of CRISIL Ratings to take a forward-looking view on the
entity's credit quality. CRISIL Ratings believes that the rating
action is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information and the NCLT order, CRISIL
Ratings has downgraded the rating of RIPL to 'CRISIL D Issuer Not
Cooperating' from 'CRISIL B+/Stable Issuer Not Cooperating'
The rating downgrade reflects the order by the National Company Law
Tribunal (NCLT) issued against the company reflecting its inability
to repay the dues of one of its operational creditors, amounting to
INR1.73 crore. As mentioned in the NCLT order, the company is going
through severe financial constraints and a liquidity crunch and has
requested more time to repay unpaid dues. The rating also factors
in the order of moratorium given under section 14 of the code till
the corporate insolvency resolution process is complete or until
the adjudicating authority approves the resolution plan.
RIPL was set up as a partnership firm in 1998 by Mr. Dhirajlal V
Shelani and his son, Mr. Dineshkumar D Shelani. It was
reconstituted as a private limited company in January 2014. The
firm, based in Rajkot (Gujarat) is engaged in ginning and pressing
of cotton into bales. Currently company operations are managed by
Mr. Gaurav D. Selani and Mr. Hitesh P. Selani.
RAJAT COMMERCIAL: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Rajat Commercial Enterprises Private Limited
401/A Pearl Arcade, Opp P.K Jewellers
Dawood Baug Lane, Off J.P. Road,
Andheri (W) Mumbai, Mumbai City MH 400058
Insolvency Commencement Date: September 14, 2023
Estimated date of closure of
insolvency resolution process: March 11, 2024
Court: National Company Law Tribunal, Mumbai Bench
Insolvency
Professional: Mona Laxmichand Vora
A-1 Vineet Apartment,
Majithia Nagar Compound,
Near PVR Milap Cinema,
Kandivali West, Mumbai-400067
Email: advmonavora@gmail.com
Email: iprajatcommercial@gmail.com
Last date for
submission of claims: September 28, 2023
RIME RICH: CRISIL Moves D Debt Ratings from Not Cooperating
-----------------------------------------------------------
Due to inadequate information and in line with the guidelines of
the Securities and Exchange Board of India, CRISIL Ratings had
migrated the ratings on the bank facilities of Rime Rich Foods Pvt
Ltd (RRFPL) to 'CRISIL D/CRISIL D Issuer Not Cooperating'. However,
the management has subsequently started sharing the requisite
information necessary for carrying out a comprehensive review of
the ratings. Consequently, CRISIL Ratings is migrating the ratings
to 'CRISIL D/CRISIL D'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Loan 9.5 CRISIL D (Migrated from
'CRISIL D ISSUER NOT
COOPERATING')
Overdraft Facility 4.5 CRISIL D (Migrated from
'CRISIL D ISSUER NOT
COOPERATING')
The ratings reflect delay by the company in servicing debt because
of weak liquidity. The ratings also reflect RRFPL's susceptibility
to volatility in milk prices, changes in government regulations and
epidemics in the dairy industry, and weak financial risk profile.
These weaknesses are partially offset by the extensive industry
experience of the promoters.
Key Rating Drivers & Detailed Description
Weaknesses:
* Delays in reservicing debt obligations for term loan: The firm
has delays in reservicing its term debt obligations in the month of
August 2023 and September 2023 as a result of poor liquidity.
* Susceptibility to volatility in milk prices, changes in
government regulations and epidemics in the dairy industry: The
price of milk is sensitive to any adverse impact of changes in
government policies and to environmental conditions. Furthermore,
regulations such as intermittent bans imposed by the government on
export of skimmed milk powder (SMP) affect procurement of milk and
SMP exports, and thus, have an adverse impact on industry players.
Also, entities in the segment are susceptible to failure in milk
production because of external factors such as cattle diseases.
* Weak financial risk profile: Due to continuous losses, RRFPL has
reported negative networth as on March 31, 2023, leading to
leveraged capital structure.
Strengths:
* Extensive industry experience of the promoters: RRFPL has been in
the ice cream industry for more than two decades, with an
established presence in Kerala and to a limited extent in
Puducherry and Coimbatore in Tamil Nadu. Despite being relatively
new in an industry dominated by well-established brands, RRFPL
managed to penetrate the markets of Kerala and Coimbatore by
leveraging the promoters' extensive experience.
Liquidity: Poor
Bank limit utilisation was high at 99.99% on average for the 12
months through August 2023. Cash accrual is insufficient against
term debt obligation of INR2.55 crore, which has resulted in delay
in servicing the term loan debt obligation.
However, liquidity is partially supported by unsecured loans of
INR0.70 crore. Current ratio was low at 0.87 time as on March 31,
2022. Negative networth limits the company's financial flexibility
and restricts the financial cushion available to the company in
case of any adverse conditions or downturn in the business.
Rating Sensitivity Factors
Upward factors:
* Timely servicing of all term loan debt obligation (including
principal)
* Sustained improvement in scale of operations by 20% and
sustenance of operating margin, leading to higher cash accrual *
sufficient for debt repayment.
Incorporated in 2000 in Thrissur, Kerala, and promoted by Mr. John
Johnson, Mr Starson Kandamkulathy and Mr Fineson K J, RRFPL
manufactures ice creams under the Pappai brand.
SAIRAM IMPEX: CRISIL Assigns B+ Rating to INR10cr Proposed Loan
---------------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
bank facilities of Sri Sairam Impex (SSI). The rating reflects
SSI's low operating margins due to trading nature of the business
and modest scale of operation. These weaknesses are partially
offset by its extensive industry experience of the proprietor, and
its healthy debt protection.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Cash
Credit Limit 10 CRISIL B+/Stable (Assigned)
Key Rating Drivers & Detailed Description
Weakness
Low operating margins due to trading nature of the business: The
small initial investment and the low complexity of operations have
resulted in existence of innumerable entities, much smaller in
size, leading to significant fragmentation and low operation
margins.
Modest scale of operation: SSIs business profile is constrained by
its scale of operations in the intensely competitive Traders
industry. SSIs scale of operations will continue limit its
operating flexibility.
Strengths
* Extensive industry experience of the proprietor: The proprietor
have an extensive experience in the industry. This has given them
an understanding of the dynamics of the market and enabled them to
establish relationships with suppliers and customers.
* Healthy debt protection: SSI's debt protection measures have
been at comfortable level despite leverage due to moderately
healthy profitability. The interest coverage and net cash accrual
to total debt (NCATD) ratio are at 95.5 times and 0.41 times for
fiscal 2023 .SSI debt protection measures are expected to remain at
similar level over medium term
Liquidity: Stretched
Cash accrual are expected to be over INR0.26 – 0.32 crore which
are sufficient against term debt obligation of INR0.01 crore over
the medium term. In addition, it will be act as cushion to the
liquidity of the company. Current ratio are moderate at 1.25 times
on March31, 2023. Moderate cash and bank balance of around INR3.5
crore as on March 31, 2023. Low gearing and moderate net worth
support its financial flexibility, and provides the financial
cushion available in case of any adverse conditions or downturn in
the business
Outlook Stable
CRISIL Ratings believes SSI will continue to benefit over the
medium term from its longstanding relationships with principals and
experience of the management to mitigate the inherent risk in
trading business.
Rating Sensitivity factors
Upward factor
* Sustained improvement in margins and scale, leading to higher
cash accruals of more than INR50 lakhs.
* Improvement in working capital cycle.
Downward factors
* Decline in scale of operations leading to fall in revenue and
profitability, hence leading to net cash accrual lower than INR10
lakhs.
* Large debt-funded capital expenditure weakens capital structure.
SSI was established in 2014, it is located in Chennai, Tamil Nadu.
SSI is owned & managed by Arumugam Vimala. SSI is engaged in
trading of agro commodities mainly spices, pulses and allied.
SANWARIYA PACKAGING: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Sanwariya
Packaging Private Limited (SPPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 1.96 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Long Term/ 4.00 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 August 18,
2022, placed the rating(s) of SPPL under the 'issuer
non-cooperating' category as SPPL 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. SPPL
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).
Indore-based (Madhya Pradesh), SPPL was incorporated during
September 2010 by Mr. Mukul Wadhwani and Mr. Jay Wadhwani. SPPL is
engaged into manufacturing of high-quality pharma aluminum foil,
blister foil and corrugated boxes. SPPL is Drug Master File (US
FDA) approved, which is regarded as apex among applicable
regulatory approvals across the Pharmaceuticals industry. Foils
manufactured by SPPL are used as a packaging material for medicines
manufactured by the pharmaceutical companies while corrugated boxes
are used for packaging these foils.
SKML EXIM: CRISIL Assigns B+ Rating to INR1.8cr LT Loan
-------------------------------------------------------
CRISIL Ratings has assigned its 'CRISIL B+/Stable' rating to the
long-term bank facility of SKML Exim Private Limited (SKML) and has
downgraded its rating on the short-term bank facility to 'CRISIL
A4' from 'CRISIL A4+'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Loan 1.8 CRISIL B+/Stable (Assigned)
Pre Shipment Credit 10 CRISIL A4 (Downgraded from
'CRISIL A4+')
Pre Shipment Credit 15 CRISIL A4 (Downgraded from
'CRISIL A4+')
The rating action reflects the average capital structure of the
company owing to large working capital requirement, weakening its
liquidity. Bank limit was almost fully utilised during the eight
months through July 2023.
The ratings also reflect susceptibility to volatility in raw
material prices and changes in government policies, average capital
structure and large working capital requirement. These weaknesses
are partially offset by the extensive experience of the promoters
in the seafood export business.
Analytical approach
Unsecured loan of INR3.87 crore as on March 31, 2023, from the
promoters has been treated as neither debt nor equity as the loan
is expected to remain in the business over the medium term.
Key rating drivers and detailed description
Weaknesses:
* Susceptibility to volatility in raw material prices and
government policies: As marine products have a limited shelf life,
inventory is maintained depending on prices and market conditions.
Seasonal availability of marine products makes prices volatile.
Adverse movement in prices may constrain the operating margin of
SKML. Furthermore, the viability of frozen sea food companies is
dependent on support from the government in the form of incentive
schemes. Withdrawal or unfavourable changes in schemes can
adversely impact earnings.
* Large working capital requirement: Gross current assets were
sizeable at 147 days as on March 31, 2023, driven by inventory of
110 days and receivables of 55-60 days. With growing revenue,
working capital requirement will remain large over the medium
term.
* Average capital structure: Total outside liabilities to tangible
networth ratio and gearing were high at 2.92 times and 3.24 times,
respectively, as on March 31, 2023, against 1.64 times and 3.10
times, respectively, as on March 31, 2022. Modest networth and debt
funding of working capital requirement will keep the capital
structure modest over the medium term.
Strength:
* Extensive experience of the promoters: The promoters' experience
of over 10 years in the seafood industry, understanding of market
dynamics and established relationships with suppliers and customers
will continue to support the business. This enabled the company to
ramp-up sales to INR103 crore in fiscal 2023 from INR20 crore in
fiscal 2021 in its first year of operations.
Liquidity: Stretched
Bank limit utilisation was high at 95% on average in the eight
months through July 2023. However, liquidity is supported by
regular advances from customers and unsecured loan of INR3.87 crore
as on March 31, 2023, from the promoters. Net cash accrual,
expected at INR2.5-6 crore per annum, will sufficiently cover
yearly term debt obligation of INR0.6 crore over the medium term.
Current ratio was healthy at 1.28 times as on March 31, 2023.
Outlook: Stable
CRISIL Ratings believes SKML will continue to benefit from the
extensive experience of its promoters.
Rating sensitivity factors
Upward factors
* Sustained improvement in revenue (by over 25%) and stable
operating margin leading to higher cash accrual
* Better working capital management, strengthening the capital
structure
Downward factors
* Decline in revenue and operating profitability leading to cash
accrual below INR1.5 crore
* Further stretch in the working capital cycle or large capital
expenditure weakening liquidity and financial risk profile
Incorporated in 2020 in Tallarevu, Andhra Pradesh, SKML is owned
and managed by Mandapati Sateesh and Mandapati Atchuta Karuna. The
company processes and sells seafood products, mainly vannamei
shrimps, in international markets.
SPS AUTOTUBES: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: SPS Autotubes Private Limited
Office Address:
706-707, Wall Street -1 Opp. Orient Club,
Near Railway Crossing, Ellisbridge,
Ahmedabad-380006
Factory Address:
Survey No. 934/935,
Village-Dangarwa,
Ahmedabad-Mehsana Highway,
Ta. Kadi, Dist. Mehsana,
Gujarat, India
Insolvency Commencement Date: September 15, 2023
Estimated date of closure of
insolvency resolution process: March 13, 2024
Court: National Company Law Tribunal, Ahmedabad Bench
Insolvency
Professional: Mr. Kailash Thanmal Shah
505, 21st Century Business Centre,
Nr World Trade Centre,
Ring Road, Surat 395002, Gujarat
Email: ipktshah@gmail.com
cirp.spsautotubes@gmail.com
Last date for
submission of claims: September 29, 2023
SREI EQUIPMENT: CRISIL Keeps B+ (SO) Rating in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the rating for the bank facilities of SREI
Equipment Finance Limited (SEFL) continues to remain in the 'Rating
Watch with Negative Implications' category.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Series A PTCs 175.25 CRISIL B+ (SO)/Watch
Negative/ISSUER NOT
COOPERATING
CRISIL Ratings has been consistently following up with SREI
Equipment Finance Limited (SEFL) through emails dated March 26,
2021, April 02, 2021, July 21, 2021, October 04, 2021, January 07,
2022, April 05, 2022, June 23, 2022, Sept 30,2022, Dec 28,2022,
March 23, 2023, March 30, 2023 April 05, 2023 and July 10, 2023.
However SEFL has been unable to provide up to date information
about the originator on an ongoing basis.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive updated information about the originator.
CRISIL Ratings believes that the rating action is consistent with
'Assessing Information Adequacy Risk'.
On October 4, 2021, RBI superseded the Board of Directors of SIFL
and SEFL owing to governance concerns and payment defaults by SREI
Group Companies. Through an order on October 08, 2021, NCLT Kolkata
bench initiated corporate insolvency resolution process against
SREI Group Companies under the Insolvency and Bankruptcy Code
2016.
Based on application filed by the Administrator, NCLT, vide Order
dated February 14, 2022, has directed consolidated insolvency
resolution process for SEFL and SIFL. Any further development in
this relation shall be closely monitored by CRISIL.
On account of continued weakness in the credit profile of the
servicer, rating on Series A pass-through certificates (PTCs)
issued by 'IIALRT-I Trust' remains at 'CRISIL B+ (SO) Issuer Not
Cooperating'. The rating continues on 'Rating Watch with Negative
Implications'.
The PTCs are backed by IT, Healthcare and Construction Equipment
rental receivables leased out by SREI Equipment Finance Limited
(SEFL) to corporate lessees. The transaction has a timely interest
and ultimate principal structure.
CRISIL Ratings' methodology for rating PTCs factors the credit risk
profile of the originator/servicer along with the expected
collection performance of the underlying pool. Linkage to servicer
is critical from two aspects: 1) Collections or recovery from
underlying contracts and 2) Bankruptcy-remoteness of cash
collateral. CRISIL Ratings has noted that there was a judicial
precedent on access to cash collateral for securitised pools in one
specific originator / servicer. Hence, CRISIL Ratings' believes
that weakening of the credit risk profile of the servicer reduces
the extent of de-linkage of securitised pool rating from the
servicer credit profile.
Key Rating Drivers & Detailed Description
Strengths:
Credit quality of the obligors: The underlying lessees are of good
credit quality with most of the lessees having credit quality
equivalent to investment grade.
Weakness:
* Credit quality of the servicer/lessor: The lessees directly
deposit the lease rentals into the C&P account hence servicing risk
in this transaction is considerably lower than that in typical
securitisation transactions. However, servicing remains critical as
recoveries post default of any of the lessors will be dependent on
the ability of the servicer to effect roll-backs and settlements
with the defaulting parties.
* Heightened Fixed Deposit (FD) accessability risk: Trustee's
ability to access credit collateral by getting approval from
Administrator is a key monitorable.
* Borrower concentration: The pool is concentrated with top 5
lessees constituting the major proportion.
* Receivables are non-financial obligations of the obligors: The
lease rentals are operating obligations of the lessees and not
financial obligations. As per the lease agreements, the lease
obligations are non-cancellable, absolute and unconditional
obligations of the lessees, which provides comfort regarding the
lease repayments.
Liquidity: Poor
The company is under CIRP and the credit enhancement for the PTCs
is on books of the company with lien marked in favor of the Trust,
access to it remains a key monitorable.
CRISIL Ratings has adequately factored these aspects in its rating
analysis
Rating Sensitivity factors
Upward factors
Trustee able to demonstrate access to cash collateral in a timely
manner.
Downward factors
* Inability of the Trustee to access cash collateral as set out
under transaction terms.
* Deterioration in pool performance.
About the Pool
The pool comprises rental receivables from construction, IT and
healthcare equipment leases originated by SEFL
About the Originator
SEFL is registered with RBI as a non-deposit taking NBFC
(Category-Asset Finance) and provides financial products and
services to a wide spectrum of assets such as construction and
mining equipment, information technology equipment and solutions,
healthcare equipment and farm equipment. It is a wholly owned
subsidiary of Srei Infrastructure Finance Limited (SIFL).
SEFL was a 50:50 joint venture between SIFL, India's only private
sector infrastructure finance company; and BNP Paribas Lease Group
(BPLG), one of the largest leasing groups in Europe. Pursuant to
share purchase agreement dated December 29, 2015, executed between
SIFL, BPLG, SEFL, SREI Growth Trust, Mr. Hemant Kanoria, and Mr.
Sunil Kanoria, BPLG agreed (i) to acquire 2,51,54,317 equity shares
of SIFL representing 5% of total paid up equity share capital and
(ii) in lieu thereof, sell its entire shareholding of 2,98,30,000
equity shares in SEFL representing 50% of the total paid-up equity
share capital to SIFL in accordance with applicable laws. The
transaction was completed on June 17, 2016, when SEFL became a
wholly owned subsidiary of SIFL.
STERLING PORT: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Sterling
Port Limited (SPL) continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 244.35 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 SPL under the 'issuer
non-cooperating' category as SPL 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. SPL
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).
Sterling Port Ltd (SPL) was incorporated on September 29, 2006, as
a Special Purpose Vehicle in the name of Sterling Port Private
Limited (SPPL) to develop an all-weather direct-berthing port for
handling dry bulk, liquid bulk and container cargoes. The project
was promoted by Sterling Biotech Ltd (SBL), Vadodara based
Sandesara group. CARE does not have any update on the latest
developments in this regard.
TRIMURTHI HITECH: CRISIL Reaffirms B- Rating on INR4.75cr Loan
--------------------------------------------------------------
CRISIL Ratings is reaffirmed its ratings on bank facilities of
Trimurthi Hitech Company Private Limited (THPL) at 'CRISIL
B-/Stable/CRISIL A4.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 2.75 CRISIL A4 (Reaffirmed)
Cash Credit 4.75 CRISIL B-/Stable (Reaffirmed)
Proposed Long Term
Bank Loan Facility 0.98 CRISIL B-/Stable (Reaffirmed)
Term Loan 1.52 CRISIL B-/Stable (Reaffirmed)
The rating continues to reflect the extensive industry experience
of the promoters. These strengths are partially offset by the
modest scale of operations in the intensely competitive industry
and below average financial risk profile.
Key Rating Drivers & Detailed Description
Weaknesses:
* Modest scale of operations in the intensely competitive industry:
With revenue at INR34.77 crore for fiscal 2023, in a fragmented
industry, limits bargaining power with suppliers and customers and
restricts ability to exploit economies of scale available to large
players. Company reported revenue of INR14.60 crore up to August
2023, apart from that work order in hand of INR150 crore provide
revenue visibility of expected revenue over INR37 crore in the
upcoming years.
* Below-average financial risk profile: Net worth continues to
remain modest at INR5.92 crore as on March 31, 2023. Gearing is
high at 2.69 times as on March 31, 2023, on account of high
reliance on short term borrowings to meet its working capital
requirements. TOL/TNW is leveraged with 6.24 times as on March 31,
2023, on the account of higher creditors period. Debt protection
metrics are comfortable: interest coverage and net cash accrual to
total debt ratios are estimated at 1.23 times and 0.03 times,
respectively, for fiscal 2023. It is expected to be similar over
the term.
Strengths:
* Extensive experience of promoters: THPL promoters have been in
the electrical industry for over two decades. Over the years, the
company has established a network of regular customers and
suppliers, which is reflected in repetitive orders for them.
Liquidity: Stretched
Bank limit utilization is high at around 98 percent for the past 12
months ended August 2023 with few instances of over utilization.
Cash accruals are expected to be over INR0.57 crore, which are
tightly matched against term debt obligation of INR0.56 crore per
annum over the medium term. The promoters are likely to extend
support in the form of unsecured loans to meet its working capital
requirements and repayment obligations. Unsecured loans (treated as
debt) stood at INR 9.26 crores as on March 31, 2022.
Outlook: Stable
CRISIL Ratings believes THPL will continue to benefit from its
promoter's extensive experience.
Rating Sensitivity Factors
Upward factor
* Sustained improvement in scale of operation by 20% with
improvement of operating margin at 3.5-4%, leading to higher cash
accruals.
* Sustained improvement in financial risk profile especially
liquidity
* Improvement in GCA Days
Downward factor
* Decline in revenue performance at 20% with lesser profitability
margin at 2% leading to lower cash accrual
* Deterioration in financial risk profile
* Further stretch in GCA days
Incorporated in 1989 and promoted by Mr BL Kabra and Mr Sundeep
Kabra, THPL is engaged in overhead electrification and
commissioning of substation/switching station, cabling, and other
allied works for Southern Railway.
V AND S INT'L: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of V And S
International Private Limited (VSIPL) continue to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 34.50 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 0.50 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Rationale and Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated September 21,
2022, placed the rating(s) of VSIPL under the 'issuer
non-cooperating' category as VSIPL 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. VSIPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated August 8, 2023, August 17,
2023, August 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).
Delhi based, V and S International (VSI) was incorporated on August
14, 1992. VSI is currently being managed by Mr. Chander Parkash
Gauba and Mrs. Neeta Gauba with the help of qualified management.
VSI is engaged in manufacturing, dyeing and knitting of fabric and
manufacturing of readymade garments. The
VECTOR INFRAPROP: Ind-Ra Gives BB- Loan Rating, Outlook Stable
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has rated Vector Infraprop Pvt.
Ltd.'s (VIPL) term loan as follows:
-- INR420 mil. Term loan due on December 2029 assigned with
IND BB-/Stable rating.
Key Rating Drivers
The rating reflects VIPL's nascent stage of its proposed project of
setting up distillery to produce ethanol. The company has received
all the requisite permissions from the central and state government
for construction of the project. So far, the civil work has been
completed and the plant and building are under construction. The
company has given the project to a consultant firm on a turnkey
basis. The project will be developed on 24.99 acres of land. The
management expects the project to commence operations in April
2024. The total estimated cost of the project is INR765.6 million,
which will be funded by a term loan of INR420 million and the
remaining from equity infusion and unsecured loans from the
promoters.
Liquidity Indicator- Stretched: The company has received sanction
for the term loan; however, the loan is yet to be disbursed. As of
September 2, 2023, the promoters have infused INR124.2 million in
the form of equity. As of 5 September 2023, the company had cash
and cash equivalents of INR10.06 million.
However, the rating also factors in promoters, Raman Goyal and
Rahul Goyal, and the promoter company Luna Chemicals Private
Limited's 'IND BBB (ISSUER NOT COOPERATING)' more than two decades
of experience in ethanol and chemical industry, leading to
established relationships with oil marketing companies in Gujarat.
Further, Luna Chemicals has provided a corporate guarantee for
VIPL's term loan.
The rating is also supported by the healthy demand for ethanol in
the country and presence of off-take contract with oil marketing
companies (OMCs), aiding medium-term revenue visibility. VIPL has
participated in bidding with Bharat Petroleum Corporation Limited;
presently, the bids are under assessment. The project also enjoys
locational advantages due to its proximity to ample raw material
sources and supply from Food corporation of India, along with its
ability to reach out to various oil blending depots in the nearby
areas. It will also be entitled to receive various fiscal benefits
under the National Biofuel Policy 2018 with presence of approval
from respective departments, which is likely to support its
profitability post the commencement of operations. The preponing of
the central government's ethanol blending target to 2025 from 2030,
has created strong demand for ethanol, and thus, supports the
financial performance of the distillery units for manufacturing
ethanol.
Rating Sensitivities
Positive: The timely commencement of operations and the subsequent
achievement of a stable operating profitability could lead to a
positive rating action.
Negative: Any delay in the commencement of operations and achieving
stability in the operating performance after the commencement of
commercial operations, affecting the company's debt serviceability
or a substantial cost overrun for the proposed project could lead
to a negative rating action.
Company Profile
Incorporated in 2010, VIL is a flagship company of Ram Lal Goyal
group owned and managed by the Goyal family. VIPL has proposed to
set up a distillery to produce 125 kilo liters per day of ethanol
at Olpad, Surat.
VELLAPALLY CONSTRUCTIONS: CRISIL Ups INR1.75cr Loan Rating to B-
----------------------------------------------------------------
CRISIL Ratings has revised its ratings on the bank facilities of
Vellapally Constructions (VC) to 'CRISIL D/CRISIL D' from 'CRISIL
B+/Stable/CRISIL A4' and simultaneously upgraded to 'CRISIL
B-/Stable/CRISIL A4'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 19.75 CRISIL A4 (Revised from
'CRISIL A4' to 'CRISIL D'
and Simultaneously Upgraded
to 'CRISIL A4')
Overdraft Facility 5.00 CRISIL A4 (Revised from
'CRISIL A4' to 'CRISIL D'
and Simultaneously Upgraded
to 'CRISIL A4')
Proposed Long Term 1.75 CRISIL B-/Stable (Revised
Bank Loan Facility from 'CRISIL B+/Stable' to
'CRISIL D' and
Simultaneously Upgraded to
'CRISIL B-/Stable')
The revision in rating to 'CRISIL D' reflects delay in interest
servicing on term loan for the month of July 2022 due to weak
liquidity. The firm has not disclosed regarding these delays in the
NDS provided in August 2022. The simultaneous rating upgrade
reflects sufficient track record of financial discipline maintained
by the Company since then.
The rating continues to reflect VC's susceptibility to tender-based
operations and modest scale of operations. These weaknesses are
partially offset by its extensive industry experience of the
promoters and moderate financial profile.
Key Rating Drivers & Detailed Description
Weakness
* Susceptibility to tender-based operations: Revenue and
profitability entirely depend on the ability to win tenders. Also,
entities in this segment face intense competition, thus requiring
bidding aggressively to get contracts, which restricts the
operating margin to a moderate level. Also, given the cyclicality
inherent in the construction industry, the ability to maintain
profitability margin through operating efficiency becomes
critical.
* Modest scale of operation: VCs business profile is constrained by
its scale of operations in the intensely competitive Civil
Construction industry. The firm made revenues of INR 55.82 crores
for fiscal 2023. VCs scale of operations will continue limit its
operating flexibility.
Strength
* Extensive industry experience of the promoters: The promoters
have an extensive experience in Civil Construction industry. This
has given them an understanding of the dynamics of the market and
enabled them to establish relationships with suppliers and
customers.
* Moderate financial profile: VC's debt protection measures have
also been at moderate level. The gearing and TOL/TNW of the firm
is at 0.62 and 1.34 respectively as on 31.03.23 due to lower
dependency on external debt. Also, interest coverage and net cash
accrual to total debt (NCATD) ratio are at 1.88 times and 0.10
times for fiscal 2023. Networth is small at INR14.73 crores as on
March 31, 2023. Any substantial withdrawal of capital to be a key
monitorable. In the absence of any major debt funded capex and
increase in accruals, the financial risk profile is expected to
remain at comfortable level.
Liquidity- Stretched
Bank limit utilisation is high at around 96.08 percent for the past
thirteen months ended July 2023. Cash accrual are expected to be
over INR2.3-2.8 crores which are sufficient against term debt
obligation of INR5.76-62.16 lacs over the medium term.
Current ratios are healthy at 1.72 times on March 31, 2023.
Outlook Stable
CRISIL Ratings believe VC will continue to benefit from the
extensive experience of its promoter, and established relationships
with clients.
Rating Sensitivity factors
Upward factor
* Sustained improvement in scale of operations and improvement in
operating margin, leading to higher cash accruals.
* Improvement in working capital cycle with GCA to less than 150
days
Downward factor
* Decline in profitability or stretch in working capital cycle
leading to accruals less than INR1 crore
* Large debt-funded capital expenditure weakens capital structure
and/or witnesses a substantial increase in its working capital
requirements thus weakening its liquidity & financial profile.
* Any stretch in payments resulting in weaking of liquidity
profile
VC was established in 1981, it is located in Kottayam, Kerala. VC
is engaged in civil construction works, such as construction of
buildings. VC owned & managed by Mr. Jacob Mathew Vellapally and
his family.
VERIA LIFESTYLE: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Veria
Lifestyle, INC (VLI) continues to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 825.00 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 29, 2022,
placed the rating(s) of VLI under the 'issuer non-cooperating'
category as VLI 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. VLI continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 14, 2023, June 24, 2023, July 4, 2023.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Veria Lifestyle Inc (VLI), incorporated on March 27, 2013, is
promoted by Dr. Subhash Chandra and is a part of the Essel group.
It is a wholly owned subsidiary of Veria Lifestyle Capital, LLC
which in turn is a wholly owned subsidiary of Natural Wellness UK
which is ultimately held by Dr Subhash Chandra and family. The
company acquired the Kutsher's Country Club, at Kutsher Road in
Monticello, New in 2013 and was developing the site and facilities
of the former resort into 'Veria Lifestyle Management Center',
which will be a unique luxury wellness destination resort focused
on natural health and wellness. CARE does not have any update in
this regard.
WESTERN ENERGETICS: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Western Energetics Private Limited
Shop No: S-238, Second Floor, Sukhamtower,
Main Road, Opp. Modern Public School
Bhiwadi Alwar RJ 301019
Insolvency Commencement Date: September 19, 2023
Estimated date of closure of
insolvency resolution process: March 17, 2024
Court: National Company Law Tribunal, Jaipur Bench
Insolvency
Professional: Satyendra Prasad Khorania
402, 4th Floor, OK Plus, DP Metro,
Opp. Pilar No. 94, New Sanganer Road,
Jaipur, Rajasthan 302019
Email: skhorania@live.com
cirpwestern@gmail.com
Last date for
submission of claims: October 3, 2023
WOCKHARDT LIMITED: Ind-Ra Cuts Bank Loan Rating to B+
-----------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Wockhardt
Limited's bank loan rating to 'IND B+ (ISSUER NOT COOPERATING)'
from 'IND BB+ (ISSUER NOT COOPERATING)'. The Outlook is Negative.
The detailed rating actions are:
-- INR1.112 bil. Term loans due on March 2024 downgraded with IND
B+ (ISSUER NOT COOPERATING)/Negative rating;
-- INR3.390 bil. Fund-based limits downgraded with IND B+ (ISSUER
NOT COOPERATING)/Negative rating;
-- INR1.712 bil. Non-fund-based limits downgraded with IND A4
(ISSUER NOT COOPERATING) rating; and
-- INR1,737.5 bil. Fund-based/ non-fund-based interchangeable
limits downgraded with IND B+ (ISSUER NOT COOPERATING)/
Negative/IND A4 (ISSUER NOT COOPERATING) rating.
* ISSUER NOT COOPERATING: The issuer did not cooperate; based on
best available information. The ratings were last reviewed on June
6, 2023.
Analytical Approach: The agency continues to take a consolidated
view of Wockhardt and its 33 subsidiaries (as of March 31, 2023)
while arriving at the ratings, due to the operational and financial
linkages among them.
The downgrade and the Negative Outlook reflect Wockhardt's weak
financial performance during FY23 and 1QFY24, leading to a
weakening of its credit risk profile as well as its liquidity
position, based on the publicly available information.
Key Rating Drivers
The ratings have been maintained in the non-cooperating category
because the issuer did not participate in the rating exercise,
despite requests by the agency through emails and phone calls, and
has not provided information pertaining to the liquidity position
of the company over the near-to-medium term.
The rating of 'IND B+ (ISSUER NOT COOPERATING)' may not reflect
Wockhardt's credit strength as the company has been non-cooperative
with agency, therefore, investors and other users are advised to
take appropriate caution while using these ratings.
Company Profile
Founded in 1960, Wockhardt has operations in India, the US, the UK,
Ireland, and France. Apart from finished dosage formulations, the
company produces injectables, biopharmaceuticals, orals (tablets
and liquids) and topicals (creams and ointments).
=========
J A P A N
=========
MITSUBISHI UFJ: S&P Rates Additional Tier 1 Perpetual Notes 'BB+'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' long-term issue credit rating
to a proposed issuance of perpetual subordinated additional tier 1
(AT1) notes by Mitsubishi UFJ Financial Group Inc. (MUFG;
A-/Stable/--). MUFG is the nonoperating holding company of the
Japan-based Mitsubishi UFJ Financial Group, which engages in a
broad range of financial services in Japan and overseas. S&P
understands the issuance will qualify as Basel III-compliant AT1
notes under Japanese regulations. The issue ratings are subject to
its review of the notes' final documentation.
S&P said, "The issue rating on the AT1 notes is five notches lower
than our assessment of MUFG's group stand-alone credit profile
(SACP) of 'a'. We use the group SACP as our starting point to
reflect our view that extraordinary support from the government is
unlikely to be available for these AT1 notes." Meanwhile, the
five-notch deduction reflects the following:
-- One notch for contractual subordination;
-- Two notches for the risk of nonpayment of coupons;
-- One notch for the risk of principal write-down if the bank is
facing distress or nonviability; and
-- One notch for the issuer being a nonoperating holding company,
which means that the creditors of the issuer are structurally
subordinated to the creditors of the operating companies.
S&P also views the AT1s to have intermediate equity content. This
adds further support to its expectation that MUFG's capitalization
will remain stable over the next 12-24 months. S&P's view of these
notes as having intermediate equity content is based on the
following understandings of the notes:
-- They are perpetual, regulatory Tier 1 capital instruments;
-- They contain no step-up features; and
-- They can absorb losses on a going-concern basis through the
nonpayment of coupons, at MUFG's full discretion.
S&P said, "The one-notch deduction for the risk of principal
write-down reflects our view that under Japanese regulations, which
comply with the Basel III standards, AT1s may absorb losses via
principal write-downs when a bank is facing distress or
nonviability. This is notwithstanding our assessment that the
Japanese government is highly supportive toward the senior
creditors of the systemically important banks. Furthermore, under a
relatively unique feature of the Japanese bank resolution
framework, the government has a mechanism to preemptively support
the banks without triggering a bail-in of AT1s. Consequently, we
consider that there is a possibility that the government may
provide extraordinary support for the AT1s issued by systemically
important banks facing distress if it considers that absence of
such support may bring about instability for the financial system.
Nevertheless, the risk that AT1s will absorb losses via principal
write-downs remains untested and significant, in our view."
===============
M A L A Y S I A
===============
1MDB: Goldman Sues Malaysia as 1MDB Settlement Dispute Escalates
----------------------------------------------------------------
Bloomberg News reports that Goldman Sachs Group Incorporated took
the unusual step of suing Malaysia in a UK court amid festering
disagreement over a settlement tied to its role in the 1MDB
investment-fund scandal.
According to Bloomberg, executives at the Wall Street firm have
grown increasingly frustrated with the country's demands to redo
its existing 2020 pact in favour of more onerous penalties, and the
lack of information tied to the looted assets the nation has been
recovering.
"We filed for arbitration against the Government of Malaysia for
violating its obligations to appropriately credit assets against
the guarantee provided by Goldman Sachs in our settlement agreement
and to recover other assets," a spokesman for the New York-based
bank said in an emailed statement.
Bloomberg relates that the complaint was filed on Oct. 11 in the
London International Court of Arbitration, a person familiar with
the matter said.
Malaysia said it was "quite surprised" by Goldman's move and had
given the bank multiple extensions on what it described as "good
faith discussions to resolve any dispute amicably," Bloomberg
relays. The government will respond and ensure that the interest of
the country is safeguarded, Johari Abdul Ghani, chairman of the
1MDB Taskforce for Asset Recovery, said in a statement on Oct. 12.
Bloomberg notes that the 1MDB investment fund became the centre of
a multibillion-dollar scandal that spawned probes across
continents. Months after striking the initial agreement in 2020,
Goldman admitted to its role in the biggest foreign bribery case in
United States enforcement history, reaching multiple international
settlements exceeding US$5 billion for its part in raising funds
for 1MDB.
Bloomberg says the scandal contributed to the fall of former
Malaysian Prime Minister Najib Razak's government and remains a
political flashpoint for subsequent administrations. While Najib
was imprisoned in 2022 for his role in the 1MDB fiasco, several
cases against him are still grinding through the courts, and his
party is back in government as part of rival Anwar Ibrahim's ruling
coalition.
According to Bloomberg, the 1MDB issue has received renewed
attention with the return this month of a convicted former Goldman
banker to Malaysia to help with the country's own investigations.
Police said they are counting on Roger Ng's cooperation to recover
as much as possible from the billions looted from the fund. Ng, a
Malaysian, was scheduled to begin a 10-year prison sentence on Oct.
6, but US officials allowed the sentence to be deferred so that he
could return to the Southeast Asian country.
As part of the 2020 settlement with Malaysia, Goldman made an
initial $2.5 billion payment in September of that year. It also
guaranteed the return of 4 billion of 1MDB assets seized by
authorities worldwide in exchange for Malaysia agreeing to drop
criminal charges against the firm and to not bring new ones.
Bloomberg relates that the bank also was required to make an
interim payment of $250 million if Malaysia didn't receive at least
$500 million of assets and proceeds by August 2022, according to
Goldman. The two sides have been locked in a disagreement over
that, the bank has spelled out in public filings.
Malaysia's Johari said the government was entitled to the $250
million interim payment, and that it had extended the deadline for
its "good faith discussions" with Goldman to Nov. 8. Malaysia
planned to begin arbitration proceedings on the interim payment
should the two sides fail to reach a settlement by then, he said.
"The 1MDB Taskforce views Goldman Sachs' initiation of arbitration
proceedings as premature and without due consideration of necessary
prerequisites," said Johari, adding that the move appeared to be an
attempt to detract and divert from their obligations, Bloomberg
relays.
About 1MDB
Kuala Lumpur-based 1Malaysia Development Bhd (1MDB) is an insolvent
Malaysian strategic development company, wholly owned by the
Malaysian Minister of Finance. 1MDB was established in 2009 to
foster long-term economic development for the country by forging
global partnerships, particularly in energy, real estate, tourism,
and agribusiness.
The Company was founded shortly after Dato Sri Najib Razak became
Prime Minister of Malaysia in July 2009. Najib said the
establishment of 1MDB into a federal entity was to benefit a
majority of Malaysians.
1MDB is said to have raised billions of dollars in bonds, for
investment projects and joint ventures, between 2009 and 2013.
Among those projects are the Tun Razak Exchange, Tun Razak
Exchange's sister project Bandar Malaysia, and the acquisition of
three independent power producers.
The Company came into heavy scrutiny in 2015 for suspicious money
transactions and evidence pointing to money laundering, fraud and
theft. The corruption scandal in 1MDB has implicated high-level
officials, including Prime Minister Najib Razak, as wells as banks
and financial institutions around the world.
In 2016, the U.S. Department of Justice filed a lawsuit, alleging
that at least US$3.5 billion has been stolen from 1MDB. In
September 2020, the alleged amount stolen had been raised to US$4.5
billion and a Malaysian government report listed 1MDB's outstanding
debts to be US$7.8 billion.
Malaysia has been filing lawsuits over the years in an effort to
recover the missing billions of dollars. Among others, in May
2021, Malaysia filed 22 civil suits against entities and people
involved in the corruption scandal, including units of Deutsche
Bank and JP Morgan.
Malaysia said in September 2020 it has so far recovered about
US$3.24 billion in assets linked to the 1MDB matter. This amount
includes about US$600 million cash and assets returned by U.S.
authorities; about US$2.5 billion paid by Goldman Sachs as
settlement; as well as US$780 million in settlement amounts from
Malaysian banking group AmBank and audit firm Deloitte.
=====================
N E W Z E A L A N D
=====================
ANDY ANDERSON'S: Court to Hear Wind-Up Petition on Oct. 26
----------------------------------------------------------
A petition to wind up the operations of Andy Anderson's Industrial
Services (2007) Limited will be heard before the High Court at
Auckland on Oct. 26, 2023, at 10:45 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on Sept. 12, 2023.
The Petitioner's solicitor is:
Hosanna Tanielu
Inland Revenue, Legal Services
5 Osterley Way
Manukau City
Auckland 2104
MARKETPLACE MEDIA: Court to Hear Wind-Up Petition on Oct. 26
------------------------------------------------------------
A petition to wind up the operations of Marketplace Media Limited
will be heard before the High Court at Auckland on Oct. 26, 2023,
at 10:00 a.m.
Great Eagle Hotels (Auckland) Limited filed the petition against
the company on Sept. 8, 2023.
The Petitioner's solicitor is:
Benoit Jacques Upton
Simpson Grierson, Solicitors
Level 27, 88 Shortland Street
Auckland
MOLESWORTHS AUTO: Court to Hear Wind-Up Petition on Oct. 20
-----------------------------------------------------------
A petition to wind up the operations of Molesworths Auto Services
Limited will be heard before the High Court at New Plymouth on Oct.
20, 2023, at 2:15 p.m.
Roger Gerald Stachurski filed the petition against the company on
July 12, 2023.
The Petitioner's solicitor is:
Steven Rollo
c/- Legal Solutions
79 Vivian Street
New Plymouth
TRAYLORWORX LIMITED: Creditors' Proofs of Debt Due on Nov. 9
------------------------------------------------------------
Creditors of Traylorworx Limited are required to file their proofs
of debt by Nov. 9, 2023, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Oct. 4, 2023.
The company's liquidator is:
Brenton Hunt
PO Box 1340
City East
Christchurch 8141
W & G PARKER: Creditors' Proofs of Debt Due on Nov. 6
-----------------------------------------------------
Creditors of W & G Parker Limited are required to file their proofs
of debt by Nov. 6, 2023, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Sept. 29, 2023.
The company's liquidator is Ryan Eathorn.
===============
P A K I S T A N
===============
PAKISTAN INT'L: New Push to Privatize Carrier Faces Headwinds
-------------------------------------------------------------
Nikkei Asia reports that the Pakistani government's move to
privatize the crisis-hit country's national flag carrier looks
likely to be turbulent, as experts warn the airline makes an
unappealing acquisition target.
Earlier this month, a body under Pakistan's cabinet used emergency
powers to hire financial advisers to plan the privatization of
Pakistan International Airlines (PIA) within the next four months,
Nikkei Asia relates. The government made the decision as PIA racks
up staggering losses, projected to reach PKR153 billion (US$550
million) in 2023 alone. PIA has made losses of $7.1 billion since
2012.
With the government low on funds and scrambling to put out economic
fires, Pakistan is under pressure from the International Monetary
Fund to restructure loss-making state-owned enterprises like PIA
under a $3 billion standby loan arrangement, according to Nikkei
Asia.
"The government has announced that PIA's legacy liabilities would
be parked in a holding company and only the current core assets and
current liabilities would be offered for privatization," caretaker
Privatization Minister Fawad Hasan Fawad told local media, Nikkei
Asia relays. Fawad said the list of assets to be sold includes
PIA's aircraft, routes, landing rights, core engineering and air
service agreements.
With a 28% share of Pakistan's 17 million annual air passenger
market, PIA is still the largest single airline in the country. But
it is a long way from its heyday in the 1980s, when it offered
technical and other assistance that helped establish Emirates, now
a giant in the aviation industry, Nikkei Asia notes.
According to the country's Civil Aviation Authority, 40% of
domestic air travelers and just 22% of international ones used PIA
in the 2021-22 fiscal year.
Despite the airline's struggles, some argue the government should
still try to salvage it, Nikkei Asia states. "PIA is a strategic
asset for Pakistan and must not be completely privatized," a PIA
official told Nikkei Asia on condition of anonymity. The official
suggested that PIA's fleet size should even be increased to utilize
the full potential of its infrastructure. "The assets of PIA.,
i.e., its buildings and hotels across the world, can be outsourced
to cover the losses of the airline," the official said.
On the other hand, experts are skeptical about the airline's value
and reckon privatization will be a difficult task. The government
has pushed for such a transition in the past but failed to follow
through, Nikkei Asia says.
Nikkei Asia relates that Afsar Malik, an expert in airline
economics, said no one wants to buy PIA. "PIA has over 700 billion
rupees in accumulated losses and has earned a bad name due to
safety issues," Nikkei Asia quotes Malik as saying. The most recent
major accident was in 2020, when Flight 8303 crashed on approach at
Karachi, killing about 100 people.
"PIA is not a privatizable entity anymore," said Malik, who
previously served as an additional director with the Civil Aviation
Authority. He suggested the only way out of the PIA quagmire is to
declare the carrier bankrupt.
"The government should declare PIA bankrupt and raise another
airline using the existing assets with a different brand name in
the private sector, where government should not have more than 26%
of the shares," Malik, as cited by Nikkei Asia, suggested. He added
that existing employees could be placed on leave with full pay
until retirement age to prevent a backlash from the labor union.
"In the future, PIA should only employ staff on a contract basis
who can be made to work properly, unlike the permanent government
employees who cannot be sacked," Malik said.
Others in the aviation sector who spoke on background questioned
whether the current caretaker government even has the right to
decide to sell off strategic assets like PIA, Nikkei Asia says.
Minister Fawad countered this by arguing that the current
administration is simply working on privatization procedures
initiated by previous governments. "No new entity has been added to
the privatization list by the caretaker government," he told local
media.
Abdul Rehman, a capital markets expert based in Lahore, believes
the rules of the government's Special Investment Facilitation
Council allow for fast-tracking PIA privatization. But he raised a
different potential obstacle: Overseas investors might shy away
from investing in PIA due to dividend repatriation issues stemming
from Pakistan's foreign exchange shortage, according to Nikkei
Asia.
If the government somehow does manage to get privatization off the
ground, it would lead to new concerns, such as how to maintain
connectivity to destinations that attract limited demand, Nikkei
Asia relates. "People of smaller and peripheral cities can
potentially lose access to air travel if PIA gets out of
government's hands," said Naseer Ahmed, an IT professional based in
Quetta, pointing to locations such as Gwadar in the south.
This issue, at least, may not be insurmountable, according to Malik
and Rehman. "The government can subsidize the flights on specific
routes to ensure that smaller cities still have access to air
travel," Malik said.
Pakistan International Airlines Corp Ltd provides commercial air
transportation services. It includes passenger, cargo postal
carriage, engineering, and other services.
=================
S I N G A P O R E
=================
GANPAT INTERNATIONAL: Court to Hear Wind-Up Petition on Oct. 27
---------------------------------------------------------------
A petition to wind up the operations of Ganpat International Pte
Ltd will be heard before the High Court of Singapore on Oct. 27,
2023, at 10:00 a.m.
Gulsha Enterprises Pte Ltd filed the petition against the company
on Sept. 27, 2023.
The Petitioner's solicitors are:
BlackStone & Gold LLC
70 Shenton Way
#10-11/12 Eon Shenton
Singapore 079118
LOMOTIF PRIVATE: Court Enters Wind-Up Order
-------------------------------------------
The High Court of Singapore entered an order on Oct. 6, 2023, to
wind up the operations of Lomotif Private Limited.
Tan Xi Wen, Adele filed the petition against the company.
The company's liquidators are:
Farooq Ahmad Mann
c/o 3 Shenton Way
#03-06C Shenton House
Singapore 068805
RAINBOW READERS: Creditors' Proofs of Debt Due on Nov. 14
---------------------------------------------------------
Creditors of Rainbow Readers Pte. Ltd. are required to file their
proofs of debt by Nov. 14, 2023, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Oct. 5, 2023.
The company's liquidator is:
Ong Kok Yeong David
c/o Tricor Singapore
80 Robinson Road #02-00
Singapore 068898
SCHMICK PTE: Court to Hear Wind-Up Petition on Oct. 27
------------------------------------------------------
A petition to wind up the operations of Schmick Pte Ltd will be
heard before the High Court of Singapore on Oct. 27, 2023, at 10:00
a.m.
Attika Interior + Mep Pte. Ltd. filed the petition against the
company on Oct. 5, 2023.
The Petitioner's solicitors are:
Dentons Rodyk & Davidson LLP
80 Raffles Place
#33-00 UOB Plaza 1
Singapore 048624
SWIBER HOLDINGS: 8 Ex-directors Charged with Offences Under SFA
---------------------------------------------------------------
The Business Times reports that eight former directors of Swiber,
including the founder, have been charged under the Securities and
Futures Act (SFA) for alleged breaches in 2014 by the now-insolvent
and delisted offshore and marine group.
BT relates that the charges follow a joint investigation by the
Commercial Affairs Department of the Singapore Police Force and the
Monetary Authority of Singapore, said the police on Oct. 13.
In December 2014, Swiber announced that it had secured a US$710
million project to provide engineering, procurement, construction,
installation and commissioning services for an offshore field
development project, BT recalls.
But the group's wholly-owned subsidiary, Swiber Offshore
Construction, had authorised an expenditure of only up to US$2
million on this project, making the company's statement materially
untrue.
According to BT, five directors have now been charged with
consenting to Swiber's making of a false statement. They each also
face an additional charge "for conniving in Swiber's reckless
non-disclosure", said a statement by the police.
BT says the five charged are: the group's then-founder and
executive chairman Raymond Kim Goh; then-executive director and
group chief executive Francis Wong Chin Sing; then-executive
director and chief financial officer Tay Gim Sin Leonard;
then-executive director Nitish Gupta and then-non-executive
director Yeo Chee Neng.
Three other former directors - Jean Pers, Oon Thian Seng and Chia
Fook Eng - were charged with neglect in connection with the false
statement.
The "reckless non-disclosure" was related to Swiber's alleged
failure to disclose that Brunei Shell Petroleum had in October 2014
served Swiber Offshore Construction a notice of termination for the
Champion Waterflood Project, according to BT.
The termination information had to be disclosed to avoid the
establishment of a false market in Swiber securities, as a required
disclosure under the mainboard listing rules, said the police
statement.
In addition to the two charges relating to the false statement when
Yeo was a non-executive director, he faces three charges of insider
trading of Swiber debentures in 2016, and four charges of failing
to disclose the changes in his interest in the securities between
2014 and 2016, BT notes. He served as the group's chief executive
and president from June 20 to Sept. 2, 2016, according to BT.
Individuals convicted on each charge under sections 199, 203 and
218 of the SFA could face up to seven years' imprisonment, be fined
up to SGD250,000, or be both jailed and fined, BT notes.
Each charge under section 133 of the SFA attracts a jail term of up
to two years, a fine not exceeding SGD250,000, or both.
Swiber was delisted on June 23, after having been listed for about
17 years.
It went under judicial management in 2016, along with Swiber
Offshore Construction. Compulsory liquidation followed last
November after insolvency.
About Swiber Holdings
Swiber Holdings Limited, through its subsidiaries, was engaged in
offshore marine engineering; vessel owning and chartering, and
provision of corporate services. The Company was an integrated
offshore construction and support services provider for shallow
water oil and gas field development. The Company's subsidiaries
include Swiber Offshore Construction, Swiber Offshore Marine,
Swiber Corporate, Resolute Offshore Pte. Ltd. and Swiber Capital.
Swiber had $1.43 billion of liabilities and $1.99 billion of assets
at March 2016, as per the company's published accounts.
Swiber Holdings shocked the business world when it filed for
liquidation in July 2016 as several of its directors resigned. Only
a few days after the intent to liquidate, Swiber changed course and
applied for judicial management. Bob Yap Cheng Ghee, Tay Puay
Cheng and Ong Pang Thye of KPMG Services were appointed as joint
and several interim judicial managers of Swiber Holdings Limited
and Swiber Offshore Construction.
In May 2019, Swiber yet again escaped another liquidation scenario
when its creditors voted in favor of a restructuring proposal that
contemplated an equity investment from Seaspan Corporation. The
plan included a proposed investment from Seaspan of up to $200
million. That Investment Agreement has been terminated as of
January 2020.
The High Court of Singapore entered an order on Nov. 11, 2022, to
wind up the operations of Swiber Offshore Construction Pte Ltd and
Swiber Holdings Limited Pte. Ltd.
SWISS CAPITAL: Creditors' Proofs of Debt Due on Nov. 14
-------------------------------------------------------
Creditors of Swiss Capital Wealth Management (Singapore) Pte. Ltd.
are required to file their proofs of debt by Nov. 14, 2023, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on Oct. 6, 2023.
The company's liquidators are:
Victor Goh
Khor Boon Hong
Marie Lee
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778
THREE ARROWS: Liquidators Tip-Off Led to Arrest of Co-Founder Zhu
-----------------------------------------------------------------
Bloomberg News reports that Three Arrows Capital co-founder Zhu Su
ended up in jail in Singapore after liquidators decided to apply
maximum pressure following months of sparring over locating the
failed crypto hedge fund's assets.
Days after securing a Singapore court order carrying a four-month
prison term for failing to cooperate with the task of winding up
the fund, liquidators tipped police off on Sept. 29 that Mr. Zhu
was headed to Changi Airport, sources familiar with the matter
said, asking not to be identified discussing private information,
BT relates.
According to BT, the liquidators had been monitoring Mr. Zhu in
Singapore, where he is known to host gatherings for crypto
executives at his luxury mansion in the upscale Yarwood
neighbourhood, one of the sources said. They then tracked a car
travelling to the airport from the mansion, the source said.
Police were alerted that Mr. Zhu could be in the car and detained
him when he emerged at the terminal, the source said. Singapore
authorities on Oct. 5 confirmed the arrest of an unnamed
36-year-old man at 2:50 p.m. on Sept. 29 at the airport when asked
whether Zhu had been detained.
BT says the directive that landed Zhu in jail is a committal order.
The liquidator, Teneo, said on Sept. 29 that it had obtained such
orders for Mr. Zhu and Three Arrows' other founder, Kyle Davies.
The orders are civil matters and neither man has faced any criminal
charges in Singapore. As a result, the police were not actively
looking for Mr. Zhu and only acted when tipped off by the
liquidators.
Three Arrows imploded in 2022 as leveraged bets blew up, stoking a
US$2 trillion digital asset rout that contributed to a spate of
other collapses in the sector. Liquidators have accused Messrs. Zhu
and Davies of failing to cooperate meaningfully with their probe
and are seeking to recover US$1.3 billion from the two.
Messrs. Zhu and Davies are among the onetime darlings of crypto's
pandemic-era bull run whose reputations subsequently suffered as
boom turned to bust, exposing risky practices. Chief among the
fallen moguls is Sam Bankman-Fried, who is on trial in the US for
allegedly overseeing a multibillion US dollar fraud at the now
defunct FTX exchange. Bankman-Fried has denied the charges against
him.
About Three Arrows Capital
Three Arrows Capital Ltd. was an investment firm engaged in
short-term opportunities trading, and is heavily invested in
cryptocurrency, funded through borrowings. As of April 2022, the
Debtor was reported to have over $3 billion of assets under its
management.
Three Arrows Capital Ltd. was incorporated as a business company
under the laws of the British Virgin Islands. Its sole shareholder
owning all of its "management shares" is Three Arrows Capital Pte.
Ltd., which previously operated as a regulated fund manager in
Singapore until 2021, when it shifted its domicile to the BVI, as
part of a global corporate plan to relocate operations to Dubai.
The Debtor borrowed digital and fiat currency from multiple lenders
to fund its cryptocurrency investments. After cryptocurrency lost
99% of its value, and then prices of other cryptocurrencies had
rapid declines, the Debtor reportedly defaulted on its
obligations.
On June 24, 2022, one of the Debtor's many creditors -- DRB Panama
Inc. -- filed an application to appoint joint provisional
liquidators -- and thereafter, full Liquidators -- in the Eastern
Caribbean Supreme Court in the High Court of Justice (Commercial
Division) located in BVI. The application was assigned claim number
VIHCOM2022/0117.
Subsequently, on June 27, 2022, the Debtor filed its own
application for the appointment of joint liquidators before the BVI
Commercial Court.
On June 29, 2022, the Honorable Mr. Justice Jack of the BVI
Commercial Court appointed Russell Crumpler and Christopher Farmer
of Teneo (BVI) Limited as joint liquidators of Three Arrows Capital
Ltd.
=====================
S O U T H K O R E A
=====================
KOREA ELECTRIC: To Downsize Workforce Amid Snowballing Debt
-----------------------------------------------------------
The Korea Times reports that the Korea Electric Power Corporation
(KEPCO) will downsize its workforce to help reduce its snowballing
debt, which has soared to over KRW200 trillion (US$147.6 billion),
according to officials from the state-run utility company, Oct.
16.
The Korea Times relates that a KEPCO official said the state-run
company will accept voluntary resignations from employees, adding
that no downsizing plan has been made official yet.
The company is due for an audit at the National Assembly on Oct.
19, and the CEO will announce the new self-reliant rescue plan
around that time, he said, the report relays.
"The emergency plan will include reshuffling the entire
organization," the official said. "It will include the scale of the
downsizing. This was hinted at by Kim when he had his first meeting
with news reporters in Sejong."
According to The Korea Times, the news came as the company's CEO
Kim Dong-cheol said earlier this month that he would announce a set
of measures to resolve the debt. As of last June, KEPCO's total
debt came to KRW201.4 trillion, the largest amount among all Korean
listed firms, the Korea Times discloses. It was also the first time
that the company's debt surpassed KRW200 trillion.
It is the second time that the company has downsized its
organization, the report notes. In 2009, 420 officials voluntarily
left the company so as to help the organization survive.
This year, some 5,700 senior-level officials are expected to pay
back to the company some portions of their wages corresponding to
their raises this year, the report says. Observers said that the
collected money will be used to prepare a severance pay pool for
those resigning starting this year.
Alongside the debt, KEPCO's sales deficit has been over KRW47
trillion since 2021, the Korea Times notes.
The Korea Times adds that to tackle the financial hurdles, KEPCO is
expected to raise its energy rate price nationwide within this
year. Kim said earlier this month that raising the rate by KRW25
per kilowatt-hour (kWh) should be implemented to "normalize" the
company's operations. However, he kept quiet regarding whether he
would adjust wages for employees or downsize the organization as
additional measures. He said such measures need more discussions
with the company's labor union.
KEPCO has over 23,000 employees, some 78 percent of whom are
members of the company's labor union, the report says. Such a
significant portion makes it almost impossible for the company to
execute the CEO's directives without the consent of its workers.
This was why Kim, upon becoming the company's new CEO last month,
was burdened with pressure, including criticism from the country's
Trade, Industry and Energy Minister Bang Moon-kyu, who urged him to
consider every possible self-reliant measure to reduce its debt,
such as selling its assets or freezing wages, before deciding to
downsize the organization, The Korea Times adds.
About KEPCO
Korea Electric Power Corporation (KEPCO) is an integrated electric
utility company, transmitting and distributing substantially all of
the electricity in South Korea. Korea Electric Power Corporation
was founded in 1961 and is headquartered in Naju, South Korea.
STELLANTIS KOREA: To Dismiss Workers Amid Plummeting Sales
----------------------------------------------------------
The Korea Times reports that Stellantis Korea, which sells Jeep,
Peugeot, Citroen and DS Automobiles vehicles in South Korea, will
introduce a voluntary redundancy program to deal with the
challenging business environment, the multinational carmaker's
Korean unit said Oct. 16.
"Due to rapid changes in market conditions, it has been necessary
for us to be more agile toward demand from the market, so we are
restructuring our organization and workforce," the Korea Times
quotes a Stellantis Korea spokeswoman as saying.
However, the latest decision has been attributed to its sluggish
sales in the Korean market.
The Korea Times, citing local car market tracker Car Is You,
discloses that the number of Jeeps newly registered in Korea during
the third quarter stood at 3,400, down 35 percent year-on-year. The
number of newly registered Peugeot cars was 1,347. In contrast,
6,049 Toyota vehicles were newly registered here during the same
period.
As part of efforts to address the problem, Stellantis Korea
recently cut the price of the Peugeot 3008 SUV by KRW3.3 million
(US$2,400). The price of the Jeep Grand Cherokee Limited SUV also
fell to KRW76.9 million in the Korean market from KRW85.5 million.
These efforts, however, do not seem to have been effective enough
to prevent the oncoming workforce reduction at Stellantis Korea.
The company declined to disclose the number of employees to leave
and the amount of compensation to be offered, according to The
Korea Times.
"I heard that employees leaving the company will receive money
equivalent to several months of their salaries," a Stellantis Korea
worker wrote on Blind, an anonymous chat app for verified
employees, The Korea Times relays.
The report relates that the carmaker's headquarters has also laid
off workers in other countries. In April, the company offered
voluntary buyouts to 33,500 U.S. employees, citing plans to
streamline operations.
"We're facing an incredibly brutal scenario. On the one hand, we're
supposed to compete with Chinese rivals which are 25 percent less
expensive. On the other hand, we're told to make do with the extra
40 percent in costs driven by the electrification of cars,"
Stellantis CEO Carlos Tavares said in July.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Oct. 9, 2023 to Oct. 13, 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-
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Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
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