/raid1/www/Hosts/bankrupt/TCRAP_Public/240924.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, September 24, 2024, Vol. 27, No. 192
Headlines
A U S T R A L I A
BESTON GLOBAL: Goes Into Voluntary Administration
CARMEN ROSE: First Creditors' Meeting Set for Sept. 26
INSPIRED ADVENTURES: Second Creditors' Meeting Set for Sept. 27
KEYSTONE DEVELOPMENTS: First Creditors' Meeting Set for Sept. 30
LAWNS SCENIC: First Creditors' Meeting Set for Sept. 27
PITCHFORK RESTAURANT: First Creditors' Meeting Set for Sept. 30
C H I N A
CHINA EASTERN: Absorbs Loss-Making Regional Unit OTT Airlines
REMEGEN CO: Denies Talks of Mass Layoffs
H O N G K O N G
CATHAY PACIFIC: Egan-Jones Hikes Senior Unsecured Ratings to B-
I N D I A
ARHYAMA SOLAR: ICRA Keeps D Debt Rating in Not Cooperating
BAGGA LUXURY: ICRA Keeps D Debt Ratings in Not Cooperating
BANSAL IRON: ICRA Keeps B+ Debt Rating in Not Cooperating
EASTMAN METTCAST: ICRA Keeps C+ Debt Ratings in Not Cooperating
EDWARD FOOD: ICRA Withdraws B- Rating on INR36cr LT NCD
INDIAN FURNITURE: ICRA Keeps B+ Debt Ratings in Not Cooperating
INDIAN PULP: ICRA Keeps D Debt Ratings in Not Cooperating
JAI MAAKALI: ICRA Keeps D Debt Rating in Not Cooperating Category
KARTHIK: ICRA Keeps D Debt Ratings in Not Cooperating Category
KRISHNA NATURAL: ICRA Keeps B Debt Ratings in Not Cooperating
KSK MINERAL: ICRA Keeps D Debt Rating in Not Cooperating Category
MARUTI PRODUCTS: ICRA Keeps B+ Debt Rating in Not Cooperating
MUMS MEGA: ICRA Keeps B Debt Rating in Not Cooperating Category
NORTH INDIA: ICRA Keeps D Debt Ratings in Not Cooperating
PARTH CONCAST: ICRA Lowers Rating on INR10cr LT Loan to B+
RAIPUR POWER: ICRA Lowers Rating on INR60cr LT Loan to B+
RAM PULSE: ICRA Keeps B+ Debt Rating in Not Cooperating Category
RAM SWITCHGEARS: ICRA Keeps D Debt Ratings in Not Cooperating
RGTL INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
ROSHA ALLOYS: ICRA Keeps B+ Debt Ratings in Not Cooperating
SAI BALAJI: ICRA Keeps B+ Debt Ratings in Not Cooperating
SAI SWADHIN: ICRA Keeps D Debt Ratings in Not Cooperating
SHAARC PROJECTS: ICRA D Debt Ratings in Not Cooperating Category
SHAKTI POLYTEX: ICRA Keeps D Debt Ratings in Not Cooperating
SHRIVARDHMAN MILK: ICRA Keeps B+ Debt Ratings in Not Cooperating
SHUBH SWASTIK: ICRA Keeps B Debt Rating in Not Cooperating
ZETA INDUSTRIAL: ICRA Keeps B- Debt Ratings in Not Cooperating
J A P A N
MARUI GROUP: Egan-Jones Retains BB Senior Unsecured Ratings
M A L A Y S I A
ALAM MARITIM: Lodges Sanction Order for Schemes of Arrangement
REACH ENERGY: Seeks More Time to Submit PN17 Regularisation Plan
N E W Z E A L A N D
CRANE LABOUR: Court to Hear Wind-Up Petition on Oct. 4
DESIGN & BUILD: Court to Hear Wind-Up Petition on Nov. 4
FILCOM LIMITED: Creditors' Proofs of Debt Due on Oct. 9
PEMITA CONSTRUCTION: Court to Hear Wind-Up Petition on Oct. 4
SPACE & NETWORK: Commences Wind-Up Proceedings
ZANY ZEUS: Placed in Receivership, "Small Number" of Jobs Affected
S I N G A P O R E
CLASSIC CONSUMER: Court to Hear Wind-Up Petition on Oct. 18
HATTEN LAND: Court to Hear Judicial Management Bid on Oct. 14
J J R MARKETING: Court to Hear Wind-Up Petition on Oct. 18
NTEGRATOR HOLDINGS: Court to Hear Wind-Up Petition on Oct. 25
NTEGRATOR PTE: Court to Hear Wind-Up Petition on Oct. 25
S R I L A N K A
SRI LANKA: Bonds Slide as Election Result Puts IMF Loan at Risk
V I E T N A M
VINFAST AUTO: Net Loss Widens to US$773.5MM in Q2 Ended June 30
X X X X X X X X
[*] BOND PRICING: For the Week Sept. 16, 2024 to Sept. 20, 2024
- - - - -
=================
A U S T R A L I A
=================
BESTON GLOBAL: Goes Into Voluntary Administration
-------------------------------------------------
ABC News reports that a perfect storm of adverse events has seen
South Australian dairy company Beston Global Food Company go into
voluntary administration.
ABC News relates that beyond the farmers who supply the milk to the
company, an additional 159 workers at the company's Jervois and
Murray Bridge sites will be affected by the development.
Beston was known for its cream cheese as well as hard cheeses such
as gruyere and parmesan. It also produced lactoferrin, a high value
dairy protein used in diet supplements.
According to ABC News, a combination of high operating costs due to
power prices, dairy prices and a debt burden following the COVID-19
pandemic have been attributed to Beston's financial difficulties.
Financial services company KPMG has started the voluntary
administration process and taken control of the business's assets,
trading and day-to-day operations, ABC News discloses.
ABC News relates that Beston chief executive officer Fabrizio Jorge
said in a statement that while Beston's lactoferrin and cream
cheese business had earned strong profits over this period, the
cheese and whey powder business had incurred losses due to the
on-going cost and price pressures.
Megamilk Snow Brands, a Japanese company, had made an offer to buy
the cheese and lactoferrin production facility at Jervois in South
Australia's Lower Murray region, however the sale did not
eventuate.
"The Megamilk offer would have enabled all of the jobs at Jervois
to be preserved and would have led to an increase in demand for
milk for processing at the Jervois factory over time," the report
quotes Mr. Jorge as saying. "It would have represented a win for
the workers, a win for our loyal dairy farmers and ultimately would
have been a win for the whole of South Australia."
ABC News says dairy farmers are concerned what the news means for
milk deliveries and payments.
South Australian Dairyfarmers' Association (SADA) president Rob
Brokenshire said it would be business as usual for the 22 dairy
farmers directly affected, ABC News relays.
"Most of those haven't had complete payments . . . over the last
two months so SADA are very concerned for that," Mr. Brokenshire
said, notes the report. "I've been assured they will be paid for
any milk picked up by the administrators and obviously we are
hopeful that the administrators will find a buyer for Beston
because it is an important manufacturing and processing dairy plant
for South Australia."
Mr. Brokenshire estimated Beston Food Company took about 20 per
cent of all of South Australia's milk production.
A first statutory meeting of creditors will be held on October 2,
adds ABC News.
CARMEN ROSE: First Creditors' Meeting Set for Sept. 26
------------------------------------------------------
A first meeting of the creditors in the proceedings of Carmen Rose
Pty Ltd will be held on Sept. 26, 2024, at 10:00 a.m. at the
offices of William Buck, Level 20, 181 William St, in Melbourne,
VIC, or via virtual facilities.
Sean Magnus Wengel and Rashnyl Ravinit Prasad of William Buck were
appointed as administrators of the company on Sept. 19, 2024.
INSPIRED ADVENTURES: Second Creditors' Meeting Set for Sept. 27
---------------------------------------------------------------
A second meeting of creditors in the proceedings of Inspired
Adventures Pty. Limited, trading as "inspired store" and "The Good
Wardrobe", has been set for Sept. 27, 2024, at 11:00 a.m. at the
offices of Vincents, Level 14, 25 Martin Place, in Sydney, NSW and
via Zoom.
The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.
Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Sept. 26, 2024, at 4:00 p.m.
Henry McKenna of Vincents was appointed as administrator of the
company on Aug. 23, 2024.
KEYSTONE DEVELOPMENTS: First Creditors' Meeting Set for Sept. 30
----------------------------------------------------------------
A first meeting of the creditors in the proceedings of Keystone
Developments Seddon Pty Ltd will be held on Sept. 30, 2024, at 3:00
p.m. via Microsoft Teams.
Claudio Trimboli of Charles & Co was appointed as administrator of
the company on Sept. 17, 2024.
LAWNS SCENIC: First Creditors' Meeting Set for Sept. 27
-------------------------------------------------------
A first meeting of the creditors in the proceedings of The Lawns
Scenic Rim Pty Ltd, trading as The Bowl Boonah, will be held on
Sept. 27, 2024, at 10:30 a.m. at Level 1, 160 Brisbane Street, in
Ipswich, QLD, or via virtual meeting technology.
Adam Francis Ward of Worrells was appointed as administrator of the
company on Sept. 17, 2024.
PITCHFORK RESTAURANT: First Creditors' Meeting Set for Sept. 30
---------------------------------------------------------------
A first meeting of the creditors in the proceedings of Pitchfork
Restaurant Pty Ltd will be held on Sept. 30, 2024, at 10:30 a.m. at
the offices of Worrells, Suite 2, 63 The Esplanade, in
Maroochydore, QLD.
Paul Eric Nogueira of Worrells was appointed as administrator of
the company on Sept. 18, 2024.
=========
C H I N A
=========
CHINA EASTERN: Absorbs Loss-Making Regional Unit OTT Airlines
-------------------------------------------------------------
Yicai Global reports that China Eastern Airlines has officially
integrated One Two Three Airlines, its loss-making regional
subsidiary, into its mainline operations.
According to Yicai, China Eastern announced the absorption of OTT
Airlines on Sept. 22. The Shanghai-based carrier also released a
new ticket refund and change policy for customers who booked
flights with OTT Airlines.
Yicai relates that the integration of OTT Airlines aims to optimize
China Eastern's management structure, improve its management
efficiency, reduce costs, and add OTT Airlines' ARJ21 aircraft to
its mainline fleet, China Eastern announced on Sept. 22.
China Eastern founded OTT Airlines in February 2020 to operate
China-made planes. Its fleet is composed of 24 ARJ21, the country's
first self-developed regional passenger aircraft.
OTT Airlines reported net losses of CNY173 million (USD24.6
million) in the first half of this year and CNY584 million last
year, according to data disclosed by China Eastern on Sept. 22,
Yicai relays. As of June 30, OTT Airlines' net assets were minus
CNY89 million (USD12.6 million).
China Eastern has ordered a total of 35 ARJ21, as well as more than
100 C919, China's first domestically developed large passenger
plane.
About China Eastern Airlines
Headquartered in Shanghai, China Eastern Airlines Corporation
Limited -- https://www.ceair.com/ -- together with its
subsidiaries, operates in the civil aviation industry in the
People's Republic of China, Hong Kong, Macau, Taiwan, and
internationally. The company offers passenger, cargo, mail
delivery, ground, tour operations, air catering, and other
miscellaneous services. It is also involved in flight training;
airline maintenance; the provision of import and export,
investment, leasing, and consultation; business aviation;
e-commerce platform and ticket agent; and property management
services, as well as the research and development of technology and
products in the field of aviation; and sale of goods. As of
December 31, 2022, the company operated a fleet of 778 aircraft,
including 775 passenger aircraft and 3 business aircraft.
China Eastern Airlines reported net losses of CNY11.83 billion,
CNY12.21 billion and CNY37.38 billion for the years ended Dec. 31,
2020, 2021, and 20222, respectively. The company reported a net
loss of CNY8.61 billion in 2023.
REMEGEN CO: Denies Talks of Mass Layoffs
----------------------------------------
Yicai Global reports that RemeGen has denied rumors of large-scale
redundancies, saying that the axing of staff is a strategic move.
However, public data shows that years of losses and high overheads
have meant that the Chinese biopharmaceutical firm has burned
through most of the proceeds from its listings in Shanghai and Hong
Kong and is running out of cash, Yicai says.
RemeGen has laid off over a thousand employees from multiple
departments, including research and development as well as
manufacturing, citing business challenges as the reason, Yicai
reports citing recent rumors circulating on social media.
The reduction in headcount is not a mass layoff but rather a
strategic adjustment to optimize team structure and enhance
efficiency, the Yantai-based company said on Sept. 19, Yicai
relays.
RemeGen logged losses of CNY780 million (USD110.6 million) in the
first half and was left with cash reserves of just CNY676 million
as of June 30, the lowest since it went public, Yicai discloses
citing the company's latest financial report. Only around CNY60
million (USD8.5 million) remains from its CNY6.4 billion (USD880
million) IPO proceeds in Hong Kong in 2020 and Shanghai in 2022.
From 2022 to June 30, 2023, RemeGen racked up cumulative net losses
of CNY3.4 billion (USD474 million), Yicai notes. The losses were
mainly due to high R&D expenses, which came to CNY3.1 billion over
the period, it said. In addition, the company incurred sales fees
of CNY1.6 billion and administrative costs of CNY717 million
(USD101.7 million).
It is also expensive to build factories for the mass production of
drugs, as each factory can cost between USD200 million and USD700
million, the drugmaker said in its 2023 financial report.
Yicai recalls that RemeGen announced a private placement plan in
March to drum up funds, but later reduced the fundraising target to
CNY1.9 billion (USD269.6 million) from CNY2.5 billion (USD354.8
million). The scheme is still pending regulatory approval.
RemeGen Co., Ltd. -- https://www.remegen.com/ -- a
biopharmaceutical company, engages in the discovery, development,
and commercialization of biologics for the treatment of autoimmune,
oncology, and ophthalmic diseases with unmet medical needs in
Mainland China and the United States.
=================
H O N G K O N G
=================
CATHAY PACIFIC: Egan-Jones Hikes Senior Unsecured Ratings to B-
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2024, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Cathay Pacific Airways Limited to B- from CCC+. EJR
also withdrew the rating on commercial paper issued by the
Company.
Headquartered in Hong Kong, Cathay Pacific Airways Limited operates
scheduled airline services.
=========
I N D I A
=========
ARHYAMA SOLAR: ICRA Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has kept the long-term rating of Arhyama Solar Power Private
Limited (ASSPL) in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 31.65 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with ASSPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite Information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Arhyama Solar Power Private Limited (ASSPL) was incorporated in
September 2012. ASPPL has setup a 6 MW solar power plant at
Kolanpak Village, Aleir Mandal, Nalgonda District of Telangana. The
solar power plant commenced its commercial operations from February
2014 and a Power Purchase Agreement has been signed by ASPPL with
Dr Reddy's Laboratories Limited (DRL) for a period of 20 years. The
company is promoted by group of entrepreneurs Arhyama Solar Power
who has prior experience of more than 20 years in solar power EPC,
Agriculture commodities and financial management.
BAGGA LUXURY: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has kept the long-term and Short-Term ratings of Bagga Luxury
Motorcars LLP in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 7.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
Long-term- 7.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with Bagga Luxury Motorcars LLP, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite Information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Bagga Luxury Motorcars LLP is part of Planet Petal group which is
promoted by Mr. Sukhbir Bagga along with his family members. Planet
Petal group is a diversified group having operations in the western
region of India and is having presence in the fields of automotive
dealership, retail, real estate and finance business. Bagga Luxury
Motorcars LLP is an authorized dealer for Italian car Maserati for
western region of India. Bagga Luxury Motorcars LLP operates its
business through outlet located in Mumbai. There are only two other
showrooms for Italian luxury car Masserati located in India.
BANSAL IRON: ICRA Keeps B+ Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has kept the long-term rating of Bansal Iron & Steel Rolling
Mills (BISRM) in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 9.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with BISRM, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite Information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Bansal Iron & Steel Rolling Mills (BISRM) is a partnership firm
engaged in the rolling of steel ingots/billets into girders and
channels. These are primarily used for structural and construction
purposes. The firm was promoted in 1971 and its manufacturing
facility is located in Mandi Gobindgarh (Punjab) with an installed
annual capacity of 39,000 M.T per annum.
EASTMAN METTCAST: ICRA Keeps C+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of
Eastman Mettcast Limited (EML) in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]C+; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 15.00 [ICRA]C+; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 2.00 [ICRA]C+; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with EML, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
EML, initially promoted by Mr. Jagdeep Singal and his family, was
incorporated in June 2006, as Swift Mettcast Limited and
manufactures casting parts for the automotive ancillary industry.
EML manufactures aluminum high pressure die cast and precision
machined sand cast parts for auto ancillaries, at its manufacturing
facility located in Hambran, Ludhiana, Punjab. In December 2013,
the company was taken over by Mr. Subhash Goel and his family and
currently both the families are jointly managing the operations of
the company.
EDWARD FOOD: ICRA Withdraws B- Rating on INR36cr LT NCD
-------------------------------------------------------
ICRA has withdrawn the ratings on certain bank facilities of Edward
Food Research and Analysis Centre Limited (EFRAC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long term– 36.00 [ICRA]B- (Stable); withdrawn
Non-convertible
Debenture
ICRA has withdrawn the rating at the current level in accordance
with ICRA's policy on withdrawal as the rated non-convertible
debenture (NCD) has been entirely redeemed and there is no amount
outstanding against the instrument.
The Key rating drivers, Liquidity position, Rating sensitivities
have not been captured as the rating has been withdrawn.
Nevertheless, the financial profile of Edward Food Research and
Analysis Centre Limited (EFRAC) has improved following a
significant equity infusion of Rs. 48.26 crore by QIMA (UK) Limited
in August 2024. The funds infused have been utilised to fully
redeem the outstanding NCD (Rs. 48.26 crore including accrued
interest), positively impacting the company's capital structure and
debt metrics.
Edward Food Research and Analysis Centre Limited (EFRAC) was
established in August 1921. The company operates a testing and
research laboratory for food and food products, drugs and
cosmetics, and environment at Subhash Nagar in North 24 Parganas
district, West Bengal. Mandala Food Co-Investments II Ltd. and
Mandala Litmus SPV, based out of Mauritius, made an equity
investment in FY2017, post which, the Mandala Group held an equity
stake of 51% in EFRAC. One of the Mandala Group entities (Mandala
Food Co-Investments I Ltd.) also invested in EFRAC through NCD. In
August 2024, QIMA (UK) Limited, having a global presence in the
testing, inspection, and certification business, acquired the
Mandala Group's stake in EFRAC and infused a fresh equity of ~INR48
crore, which has been used to redeem the NCD. QIMA's equity
shareholding in the company stands at ~72%.
INDIAN FURNITURE: ICRA Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Indian
Furniture Products Limited in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]B+(Stable) ISSUER NOT
COOPERATING/[ICRA]A4 ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 37.82 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 22.14 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Short Term- 25.00 [ICRA]A4 ISSUER NOT
Non Fund Based COOPERATING; Rating continues
Others to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with Indian Furniture Products Limited, ICRA has been trying to
seek information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Indian Furniture Products Limited (IFPL), incorporated in 1996, is
part of the K.K. Birla Group of Industries, which has interests in
fertilizers, shipping, textiles, sugar, media, capital goods,
software, finance and power. IFPL, a wholly owned subsidiary of
Zuari Industries Limited (ZIL), was started through a technical &
financial collaboration with Groupe Seribo of France to manufacture
Ready-To-Assemble (RTA) furniture at Kakkalur, near Chennai. The
factory has a floor area of 225,000 sq. ft. and has capacity to
produce 1, 60,000 units of furniture annually on a double shift
basis. IFPL launched its own brand ZUARI in 2002 and has also
obtained ISO certification in 2004. Style Spa Furniture Limited
(SSFL), was merged with Indian Furniture Products Limited with
effect from April 01, 2014. IFPL sells its products through SSFL
(now merged with IFPL) showrooms and dealers, apart from direct
sale of office furniture to customers. The company predominantly
imports part of its raw materials from Malaysia.
INDIAN PULP: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-Term rating of Indian Pulp & Paper Private
Limited (IPPL) in the 'Issuer Not Cooperating' category. The rating
is denoted as "[ICRA]D ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 15.93 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 24.47 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long Term- 13.60 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with IPPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
The company was incorporated in 2004 by the Kolkata-based Agarwal
family in the name of Balaji Kagaz Private Limited. In 2006, it
acquired Indian Paper Pulp Company Limited (IPPCL) from the
Government of West Bengal and subsequently its name was changed to
Indian Pulp & Paper Private Limited (IPPL). IPPL, at present,
manufactures kraft paper (with 16-30 burst factor) by recycling of
waste paper. Its manufacturing facility is in Naihati, West Bengal
with a capacity of 45,000 metric tons (MT) per annum.
JAI MAAKALI: ICRA Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
ICRA has kept the Long-Term rating of Jai Maakali Fish Farms
Private Limited (JMFFPL) in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]D ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 45.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with JMFFPL, ICRA has been trying to seek information from the
entity so as to monitor its performance Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Jai Maakali Fish Farms Private Limited (JMFFPL) is part of the Jai
Maakali Group of companies based at Tanuku, West Godavari district.
JMFFPL was incorporated in 2003 and is engaged in fish farming. The
company is engaged in cultivation of fish such as Rohu and Katla in
2380 acres at Pothunuru and Dosapadu villages in West Godavari
District (Andhra Pradesh). The annual production capacity is around
10000 tons.
KARTHIK: ICRA Keeps D Debt Ratings in Not Cooperating Category
--------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Karthik
Roofings and Structurals Pvt Ltd (KR) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D; ISSUER
NOT COOPERATING/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 4.17 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long-term- 2.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Short-term 3.83 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with KR, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Karthik Roofings And Structurals Pvt Ltd (KR) was established in
the year of 2001 as a manufacturer of wide range of various roofing
and cladding steel products with a State of art manufacturing
facility in Bangalore, promoted by Ms. Srinivas Leelavathi. The key
products of KR includes trapezoid steel sheets and accessories,
tile profiled steel sheets, metal decking sheets, polycarbonate
sheets, Z&C Section and turbo ventilators like PUF panels and EDS
panels. In 2013, the company has forward integrated to manufacture
preengineered building systems (PEB), Truss-less roofing system,
Glass-wool insulated roofing system under Karthik Roofings And
Structurals Pvt Ltd and Structurals Pvt Ltd.
Facilities KR's and KRSPL's, products are fabricated at the plant
at Tumkur, Bangalore and facilities are spreads over 25,000 sq.
feet & 60,000 sq. feet respectively, which enables company to
design and manufacture products of highest quality. The products
are manufactured using internationally accepted engineering
practices in production, planning and control.
KRISHNA NATURAL: ICRA Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term rating of Krishna Natural Fibre Private
Limited (KNFPL) in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B (Stable) ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 8.90 [ICRA]B (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 1.05 [ICRA]B (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with KNFPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Incorporated in October 1999, Krishna Natural Fibre Private Limited
(KNFPL) is engaged in the business of cotton ginning and pressing.
KNFPL's manufacturing facility is located at Borisana, Kadi in
Gujarat and is currently equipped with 24 ginning machines and 1
pressing machine. The promoters of KNFPL have long experience in
cotton cultivation and ginning business and are also involved in
the operations of a few other cotton ginning companies, either as
directors or partners.
KSK MINERAL: ICRA Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
ICRA has kept the long-term rating of KSK Mineral Resources Private
Limited (KMRPL) in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 451.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with KMRPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite Information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
KMRPL is a special purpose vehicle (SPV) promoted by the Hyderabad
based KSK Group for development of captive coal and lignite mines
for fuel supply to power projects promoted by the group. KMRPL
developed 22 million-ton (MT) Gurha East lignite mine located in
the Bikaner district of Rajasthan, with lignite from the mine being
supplied to 135 MW power project by VSLPL in Rajasthan. This mine
has now been transferred to VS Lignite Power Private Limited. The
company was also involved in the development of the Gare Pelma III
coal mine Chhattisgarh, before its deallocation by the Supreme
Court order in September 2014. This coal mine was allocate for
supply of fuel to the 3600 MW thermal power project of the group in
Chhattisgarh.
MARUTI PRODUCTS: ICRA Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Maruti Products Private Limited (MPPL) in the 'Issuer
Not Cooperating' category. The ratings are denoted as
"[ICRA]B+(Stable); ISSUER NOT COOPERATING/[ICRA]A4; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long term fund 4.28 [ICRA]B+ (Stable) ISSUER NOT
Based (Term Loan) COOPERATING; Continues to
remain Issuer Not Cooperating
category
Long-term/short 17.50 [ICRA]B+(Stable)/[ICRA]A4
Term fund based/ ISSUER NOT COOPERATING;
non fundbased Continues to remain Issuer Not
Cooperating category
As part of its process and in accordance with its rating agreement
with MPPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Incorporated in April 2010, MPPL manufactures steel billets in its
manufacturing facility located in Jaipur with a total installed
capacity of 27,000 Metric Ton Per Annum (MTPA). The company
procures its key raw materials such as sponge iron and steel scrap
from domestic as well as international market and supplies its
product to the rolling mills located in Rajasthan.
MUMS MEGA: ICRA Keeps B Debt Rating in Not Cooperating Category
---------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Mums Mega Food Park
Private Limited (MMFPPL) in the 'Issuer Not Cooperating' category.
The ratings are denoted as "[ICRA]B(Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 95.00 [ICRA]B (Stable) ISSUER NOT
Unallocated COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with Mums Mega Food Park Private Limited, ICRA has been trying to
seek information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Mums Mega Food Park Pvt. Ltd. (MMFPPL) is a special purpose vehicle
(SPV) which was incorporated, in January 2012, to undertake Mega
Food Park project in Buxar district of Bihar under the Ministry of
Food Processing Industries (MoFPI)' Mega Food Parks Scheme. The
SPV, based on its Expression of Interest submitted to MoFPI, has
been accorded Inprincipal Approval by the Ministry for implementing
the said project. The company is promoted by Amrapali group which
is a well-established real estate player in Delhi with execution
track record of residential and commercial project across NCR. The
directors of the company are Mr. Sanjeev Kumar Singh and Mr.
Chandan Kumar.
NORTH INDIA: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of North India Surgical Company (NISC) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D; ISSUER
NOT COOPERATING/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 1.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
Long-term- 11.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with NISC, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
North India Surgical Company (NISC), a partnership firm, started
its business in April 2012 by taking over running business of
medical segment from Jagat Steels Private Limited. Jagat Steels
Private Limited earlier had this medical segment along with
wholesale sugar trading segment. In April 2012, the company
demerged its medical division by selling it to North India Surgical
Company. Jagat Steels Private Limited is family concern of partners
of the firm.
PARTH CONCAST: ICRA Lowers Rating on INR10cr LT Loan to B+
----------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of Parth
Concast Limited (PCL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 10.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating downgraded
Cash Credit from [ICRA]BB- (Stable); ISSUER
NOT COOPERATING and continues
to remain under 'Issuer Not
Cooperating' category
Rationale
The rating downgrade is because of lack of adequate information
regarding PCL performance and hence the uncertainty around its
credit risk. ICRA assesses whether the information available about
the entity is commensurate with its rating and reviews the same as
per its "Policy in respect of non-cooperation by a rated entity"
available at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.
As part of its process and in accordance with its rating agreement
with Parth Concast Limited, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Despite multiple requests by ICRA, the entity's management has
remained non-cooperative. In the absence of requisite information
and in line with the aforesaid policy of ICRA, the rating continues
to remain in the "Issuer Not Cooperating" category. The rating is
based on the best available information.
PCL manufactures MS billets from sponge iron and ferrous scrap.
These billets are used in forming re-rolled products like TMT bars,
wire rods etc. The company has been promoted by the Group because
the other Group company, RPSL, which produces re-rolled products
like wire rods and HB wires, did not have billet manufacturing
capacity before June 2017. RPSL was not manufacturing billets
because of an increase in power requirement, which attracted higher
tariffs. If the power requirement goes beyond 12 MW captive power
in RPSL, it pays a higher surcharge on power tariffs and for power
requirements in excess of 20 MW, the power tariff is revised
upward. Thus, RPSL had to procure billets from the manufacturing
unit of SAIL earlier, which is located nearby. Currently, PCL and
RPSL have billet manufacturing capacity of 90,000 MTPA each.
RAIPUR POWER: ICRA Lowers Rating on INR60cr LT Loan to B+
---------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of
Raipur Power and Steel Limited (RPSL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 60.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating downgraded
Cash Credit from [ICRA]BB+(Stable); ISSUER
NOT COOPERATING and continues
to remain under 'Issuer Not
Cooperating' category
Rationale
The rating downgrade is because of lack of adequate information
regarding RPSL performance and hence the uncertainty around its
credit risk. ICRA assesses whether the information available about
the entity is commensurate with its rating and reviews the same as
per its "Policy in respect of non-cooperation by a rated entity"
available at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.
As part of its process and in accordance with its rating agreement
with Raipur Power and Steel Limited, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Despite multiple requests by ICRA, the entity's management has
remained non-cooperative. In the absence of requisite information
and in line with the aforesaid policy of ICRA, the rating continues
to remain in the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Raipur Power and Steel Limited (RPSL) was incorporated in October
2007 with capacities to manufacture sponge iron. Later the company
set up its own captive power plant, followed by facilities to
manufacture ferro alloys, wire rods, HB wires, TMT,billets, sponge
iron and iron ore pellets. The company is promoted by Mr. Narsi
Dass Garg, Mr. Balraj Garg and Mr. Vinod Garg. The manufacturing
facilities are based out of Borai Industrial Area, Durg,
Chattisgarh. The promoters were earlier based in Ludhiana, running
the company –Garg Industries Ltd., engaged in manufacturing wire
rods and billets. In 2015, the promoters also promoted another
company -Parth Concast Limited (PCL), which manufactures billets
with manufacturing facilities located adjacent to RPSL. The company
also has a 12-MW captive power plant. This comprises a 6-MW WHRB
plant and a 6-MW AFBC (Atmospheric Fluidized Bed Combustion) power
plant. The entire power generated by this power plant is used
captively and the remaining power requirement is obtained from
outside sources.
RAM PULSE: ICRA Keeps B+ Debt Rating in Not Cooperating Category
----------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Shree
Ram Pulse Mills (SRPM) in the ‘Issuer Not Cooperating' category.
The ratings are denoted as “[ICRA]B+(Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 5.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with SRPM, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the “Issuer Not
Cooperating" category. The rating is based on the best available
information.
Established in 2003 by Mr. Dhruv Parekh, Shree Ram Pulse Mills
(SRPM), was initially engaged in trading of pigeon peas (tuver
dal), gram pulse (chana dal) and black gram (udad dal).
Subsequently, in the year 2007 the firm had set up a plant to
process pigeon peas, black gram pulse and gram pulse. SRPM's plant
is located at Gondal (Gujarat) and is currently equipped with
sortex and processing machine having an aggregate installed
capacity to process 9,000 MTPA of pulses. The firm markets its
products under the brand names of Ram Gold, Ram Silver and Ram
Platinum to differentiate among various grades processed by it. The
partners of the firm have long experience of over a decade in
processing and marketing of food grains in the domestic market and
hence the firm enjoys well-established relationships with the
customers.
RAM SWITCHGEARS: ICRA Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term rating of Shri Ram Switchgears Limited
(SRSL) in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 17.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term 32.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with SRSL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Shri Ram Switchgears Limited (SRSL), promoted by the Jhalani family
of Ratlam (Madhya Pradesh) since 1985, manufactures electrical
items such as distribution transformers, switchgear, meter boxes,
feeder pillars,distribution boxes, and junction boxes used in the
distribution of power and also undertake erection, installation,
and operation and maintenance of these items for its customers. Its
manufacturing units are located in Ratlam. Customer profile mainly
consists of power discoms in Madhya Pradesh and Mumbai. The
contracts are primarily secured through biding for tenders floated
by the discoms.
RGTL INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the long-term and Short-Term ratings of RGTL
Industries Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 1.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
Long Term- 8.79 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
Long-term- 125.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 29.32 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with RGTL Industries Limited, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite Information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
RGTL Industries Limited (RIL, erstwhile Rathi Rajasthan Steel Mills
Limited) is a public limited company engaged in the manufacturing
of Thermo Mechanically Treated (TMT) bars. RIL was promoted in 2004
by Mr. Raj Kumar Rathi and became a 100% subsidiary of Rathi
Graphic Technologies Limited in 2007-08. Rathi Graphic Technologies
Limited now holds 49.18% stake in RIL. Rathi Graphic Technologies
Limited is a public limited listed company engaged in manufacturing
toners and developers which are used in photocopier machines, laser
and inkjet printers. The promoter Mr. Raj Kumar Rathi belongs to
the Rathi family which has a long track record and established name
in manufacturing of TMT bars. RIL has its manufacturing unit in
Bhiwadi (Rajasthan), wherein the rolling mill capacity has recently
been enhanced to 150000 TPA.
ROSHA ALLOYS: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Rosha
Alloys Private Limited (RAPL) in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]B+(Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 1.00 [ICRA]B+ (Stable) ISSUER NOT
Non Fund Based COOPERATING; Rating continues
Others to remain under 'Issuer Not
Cooperating' category
Long Term- 7.50 [ICRA]B+ (Stable) ISSUER NOT
Unallocated COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Long Term- 4.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with RAPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
M/S Rosha Alloys Private Limited (RAPL) was set up in 2002 and
manufactures Iron ingots and trading of Iron Products The
registered office of the company is at Mandi Gobindgarh, which is
one of the most famous Iron/steel markets in India. It has an
annual production capacity of 20,000 tons. RAPL acquires the raw
material locally and mainly deals with rolling mills located within
Mandi Gobindgarh. The company's is professionally managed by Mr.
Harinder Pal Singh and Hardev Singh Rosha.
SAI BALAJI: ICRA Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the long-term rating of Sri Sai Balaji Tobaccos
Private Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 11.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 2.00 [ICRA]B+ (Stable) ISSUER NOT
Unallocated COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with Sri Sai Balaji Tobaccos Private Limited, ICRA has been trying
to seek information from the entity so as to monitor its
performance. Further, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Sri Sai Balaji Tobaccos Private Limited (SSBTPL), incorporated in
2011 by Mr. Showraiah and family, is involved in trading and
processing of tobacco. The company is registered with the Tobacco
Board as a tobacco dealer and can participate in the auction
conducted by the same. The company is involved in trading and
processing of tobacco leaves, primarily Virginia Flue Cured (VFC)
and non-VFC. SBTPL is located in Guntur district of Andhra Pradesh
which is among high tobacco-growing regions in the stat.
SAI SWADHIN: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the long-term rating of Sai Swadhin Commercials
Private Limited (SSCPL) in the 'Issuer Not Cooperating' category.
The rating is denoted as [ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 3.75 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long-term- 5.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with SSCPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite Information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Incorporated in 2008, SSCPL is engaged in the extraction of crude
rice bran oil and cashew nut shell liquid. The company commenced
operations from April2015 onwards from its facilities based out of
Ganjam district in Odisha. The company has an installed capacity of
37,500 metric tons per annum (mtpa) each for rice bran oil and
cashew nut shell liquid. The capacity utilization remained low
during FY2016 and H1 FY2017. The key raw materials required are
rice bran and cashew outer shell which are easily available in
Odisha.
SHAARC PROJECTS: ICRA D Debt Ratings in Not Cooperating Category
----------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Shaarc
Projects Limited (SPL) in the 'Issuer Not Cooperating' category.
The ratings are denoted as "[ICRA]D ISSUER NOT COOPERATING/[ICRA]D
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 3.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 2.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Short-term 8.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with SPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Incorporated in 2013, Shaarc Projects Limited (SPL) is engaged in
civil construction work for oil refineries, power plants, gas
bottling plants, water pipeline projects, commercial and
residential projects etc. The company is a AA class contractor. The
key promoters, Mr. Rameshwar R. Mishra and Mr. Ajesh Kumar, have
extensive experience of over two decades in the civil construction
business through their association with other companies in the same
line of business.
SHAKTI POLYTEX: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Shakti
Polytex Private Limited (SPPL) in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]D; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 3.15 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
Long-term- 18.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 5.85 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with SPPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
SPPL was incorporated in August 2010 and is engaged in the
manufacturing of RPSF using waste polyethylene terephthalate (PET)
bottles as raw material. The company is based in Agra, Uttar
Pradesh and has a production capacity of 35 tons per day (TPD)
currently. SPPL belongs to the Shakti Group which has been promoted
by Mr. Suresh Chand Agarwal and includes other companies engaged in
manufacturing PVC pipes, hand pumps, rubber powder and PET
bottles.
SHRIVARDHMAN MILK: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term rating of Shrivardhman Milk Dairy
Private Limited (SMDPL) in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable) ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 3.30 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 2.45 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with SMDPL, ICRA has been trying to seek information from the
entity so as to monitor its performance Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Incorporated in 2006, Shrivardhman Milk Dairy Private Limited
(SMDPL) is promoted by Mr. Binod Tholia, Mr. Prabhu D Tholia and
Ms. Raj Kumari Tholia and has its registered office at Jaipur. The
company is engaged in the business of processing of milk, milk
products and sweets like Rasgulla, Gulab Jamun etc. The
manufacturing plant of the company is located in RIICO Industrial
Area, Kaladera, Rajasthan. The company initially started its
business as a job worker for Reliance for packaging of pasteurized
milk and later on diversified into manufacturing of other products
like ghee, sweets etc. Its product is sold in the brand name of
"Sarawagie". The raw materials are procured from Rajasthan and
adjoining areas of Gujrat while finished products is sold in
Rajasthan through a network of dealers and wholesalers.
SHUBH SWASTIK: ICRA Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has kept the Long-Term rating of Shubh Swastik Dal Mill Co.
Pvt. Ltd. (SSDMCPL) in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 6.00 [ICRA]B (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with SSDMCPL, ICRA has been trying to seek information from the
entity so as to monitor its performance Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Shubh Swastik Dal Mill Company Private Limited (SSDMCPL) processes
red gram (arhar dal), red lentil (masoor dal), bengal gram (chana
dal), yellow peas (matar dal), corn flakes, soya bean nuggets among
others at its facility in Raipur, Chhattisgarh, with an installed
capacity of 50 metric tonnes (MT) per day. Promoted by the
Raipur-based Sachdev family, the entity was set up in 2002 as a
proprietorship concern named Swastik Industries, and was converted
into a private limited company in 2011. The promoters have a long
experience in the pulses-processing industry.
ZETA INDUSTRIAL: ICRA Keeps B- Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Zeta
Industrial Corporation Private Limited in the 'Issuer Not
Cooperating' category. The ratings are denoted as
"[ICRA]B-(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 4.50 [ICRA]B- (Stable) ISSUER NOT
Non Fund Based COOPERATING; Rating continues
Others to remain under 'Issuer Not
Cooperating' category
Long Term- 2.50 [ICRA]B- (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 3.00 [ICRA]B- (Stable) ISSUER NOT
Unallocated COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with Zeta Industrial Corporation Private Limited, ICRA has been
trying to seek information from the entity so as to monitor its
performance. Further, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
The company was established in the year, 1960 by Mr. Sanjay Gujral
and is managed by his two sons, Siddharth and Karan Gujral who have
vast experience in the industry. The company's facility is in
Ghaziabad (UP). Zeta Industrial Corporation Pvt Limited (ZICL) is
engaged in the business of assembling of different electrical
products such as Control Panels, Bus Ducts and Rising Mains and
Overhead Bus Bars.
=========
J A P A N
=========
MARUI GROUP: Egan-Jones Retains BB Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2024, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Marui Group Co.,Ltd. EJR also withdrew the rating
on commercial paper issued by the Company.
Headquartered in Tokyo, Japan, Marui Group Co.,Ltd. provides
retailing and credit card services.
===============
M A L A Y S I A
===============
ALAM MARITIM: Lodges Sanction Order for Schemes of Arrangement
--------------------------------------------------------------
The Board of Directors of Alam Maritim Resources Berhad (AMRB) said
on Sept. 20 that the company and Alam Maritim (M) Sdn Bhd (AMSB)
have lodged the sealed Order granted on Sept. 4, 2024, sanctioning
AMRB and AMSB's schemes of arrangement (Sanction Order) with the
Registrar of Companies as required under section 366(5) of the
Companies Act 2016.
"The Schemes of Arrangement will be effective on the date which all
the condition precedents as set out in the Explanatory Statement
have been met," Alam Maritim said in a statement filed with Bursa
Malaysia.
"The Sanction Order granted by the High Court was obtained as part
of the AMRB Group's overall restructuring and rehabilitation plan
by way of a scheme of arrangement with its creditors.
"Further developments on the above matter will be announced to
Bursa Malaysia Securities Berhad in due course."
Malaysia-based Alam Maritim Resources Berhad (KLSE:ALAM) --
https://www.alam-maritim.com.my/ -- is an investment holding
company with subsidiaries mainly involved in the provision of
marine transportation support services, marine construction-related
services, sub-sea engineering & offshore pipeline installation;
designing, manufacturing and operating of Remotely Operated Vehicle
(ROV) services, ship repair and maintenance services to the
upstream in oil and gas industry.
In November 2022, Alam Maritim Resources Bhd said it is deemed a
Practice Note 17 (PN17) issuer after its external auditor expressed
a disclaimer of opinion in the group's audited accounts announced
on Oct. 31.
Baker Tilly Monteiro Heng PLT expressed the disclaimer of opinion
in the audited financial statements for the financial period from
Jan. 1, 2021 to June 30, 2022.
REACH ENERGY: Seeks More Time to Submit PN17 Regularisation Plan
----------------------------------------------------------------
Reach Energy Berhad has announced that it is seeking an extension
of time from Bursa Malaysia Securities Berhad to submit its
regularisation plan. The company said it is seeking an extension
until April 2, 2025.
Bursa Malaysia had previously granted the company until Oct. 2,
2024, to submit its regularisation plan to the relevant regulatory
authorities.
Headquartered in Kuala Lumpur, Malaysia, Reach Energy Berhad, an
investment holding company, engages in the exploration,
development, production, and sale of crude oil and other petroleum
products in the Republic of Kazakhstan, Malaysia, and
internationally. The company holds a 100% working interest in the
Emir-Oil concession block covering an area of approximately 850.3
square kilometers located in the Mangystau Oblast in the
southwestern region of the Republic of Kazakhstan. It also
exports.
On April 3, 2024, Reach Energy Bhd fell into the Practice Note
(PN17) category. The company has triggered Paragraph 2.1(e) of PN17
of the Bursa Malaysia Securities Bhd in respect of the company's
unaudited financial statements for the financial year ended Dec.
31, 2022 (FY2022). Additionally, the company's shareholders'
equity on a consolidated basis is 50% or less of its share capital
as announced on Feb. 28, 2023.
=====================
N E W Z E A L A N D
=====================
CRANE LABOUR: Court to Hear Wind-Up Petition on Oct. 4
------------------------------------------------------
A petition to wind up the operations of Crane Labour Services
Limited will be heard before the High Court at Auckland on Oct. 4,
2024, at 10:00 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on Aug. 8, 2024.
The Petitioner's solicitor is:
Hosanna Tanielu
Inland Revenue, Legal Services
5 Osterley Way
Manukau City
Auckland 2104
DESIGN & BUILD: Court to Hear Wind-Up Petition on Nov. 4
--------------------------------------------------------
A petition to wind up the operations of Design & Build Coromandel
Limited (trading as David Reid Homes Coromandel) will be heard
before the High Court at Hamilton on Nov. 4, 2024, at 10:45 a.m.
Montage Group Limited filed the petition against the company on
Sept. 5, 2024.
The Petitioner's solicitor is:
Sarah Rawcliffe
Harkness Henry, Lawyers
8th Floor, KPMG Tower
85 Alexandra Street
Hamilton
FILCOM LIMITED: Creditors' Proofs of Debt Due on Oct. 9
-------------------------------------------------------
Creditors of Filcom Limited are required to file their proofs of
debt by Oct. 9, 2024, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Sept. 9, 2024.
The company's liquidator is:
Mohammed Tazleen Nasib Jan
Liquidation Management Limited
PO Box 50683
Porirua 5240
PEMITA CONSTRUCTION: Court to Hear Wind-Up Petition on Oct. 4
-------------------------------------------------------------
A petition to wind up the operations of Pemita Construction Limited
will be heard before the High Court at Auckland on Oct. 4, 2024, at
10:00 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on July 29, 2024.
The Petitioner's solicitor is:
Cloete Van Der Merwe
Inland Revenue, Legal Services
5 Osterley Way
Manukau City
Auckland 2104
SPACE & NETWORK: Commences Wind-Up Proceedings
----------------------------------------------
Members of Space & Network Co. Limited on Sept. 13, 2024, passed a
resolution to voluntarily wind up the company's operations.
The company's liquidator is:
Joon Youl Seo
PO Box 750
Shortland Street
Auckland 1140
ZANY ZEUS: Placed in Receivership, "Small Number" of Jobs Affected
------------------------------------------------------------------
Stuff.co.nz reports that the Wellington-based company that produces
the Zany Zeus line of dairy products has been placed in
receivership, with the loss of a "small number" of jobs.
Company Zany Zeus 2020 Ltd was placed in receivership on Sept. 20
by the secured creditor who was the majority shareholder, receiver
Heath Gair said, Stuff relates.
"Sales have declined since 2020, which has put pressure on cashflow
as the business has moved premises to enhance its production
capability.
"The receivership process keeps multiple options for the business
on the table, but unfortunately a small number of staff have had to
be let go given the current demand and economic climate," Stuff
quotes Mr. Gair as saying.
According to Stuff, the business was trading as usual and would
continue to produce and deliver its award-winning range of milk and
cheese products.
Stuff says the company gained international recognition in 2017
after actor Scarlett Johannson told E News the Zany Zeus chocolate
cake was the best she had ever eaten, after she discovered the cafe
while filming Ghost in the Shell in Wellington.
The company sells several types of cheese, including feta,
halloumi, paneer and ricotta, along with other dairy products such
as yoghurt, cream cheese, creme fraiche and mascarpone.
The business was started in 2000 by Michael Matsis, who was
inspired by the way his Cypriot mother made halloumi cheese, the
Zany Zeus website said.
=================
S I N G A P O R E
=================
CLASSIC CONSUMER: Court to Hear Wind-Up Petition on Oct. 18
-----------------------------------------------------------
A petition to wind up the operations of Classic Consumer Products
Pte Ltd will be heard before the High Court of Singapore on Oct.
18, 2024, at 10:00 a.m.
RHB Bank Berhad filed the petition against the company on Sept. 17,
2024.
The Petitioner's solicitors are:
Shook Lin & Bok LLP
1 Robinson Road
#18-00 AIA Tower
Singapore 048542
HATTEN LAND: Court to Hear Judicial Management Bid on Oct. 14
-------------------------------------------------------------
A petition to place the operations of Hatten Land Limited under
Judicial Management will be heard before the High Court of
Singapore on Oct. 14, 2024, at 10:00 a.m.
The application to place the company under Judicial Management was
filed on Aug. 5, 2024.
Mr. Tan Wei Cheong and Mr. Lim Loo Khoon of Deloitte & Touche
Financial Advisory have been nominated as the Judicial Managers.
J J R MARKETING: Court to Hear Wind-Up Petition on Oct. 18
----------------------------------------------------------
A petition to wind up the operations of J J R Marketing Pte Ltd
will be heard before the High Court of Singapore on Oct. 18, 2024,
at 10:00 a.m.
RHB Bank Berhad filed the petition against the company on Sept. 17,
2024.
The Petitioner's solicitors are:
Shook Lin & Bok LLP
1 Robinson Road
#18-00 AIA Tower
Singapore 048542
NTEGRATOR HOLDINGS: Court to Hear Wind-Up Petition on Oct. 25
-------------------------------------------------------------
A petition to wind up the operations of Ntegrator Holdings Limited
will be heard before the High Court of Singapore on Oct. 25, 2024,
at 10:00 a.m.
SW Chan Kit filed the petition against the company on Aug. 23,
2024.
The Petitioner's solicitors are:
Lawcraft LLC
176 Orchard Road
#05-05, The Centrepoint
Singapore 238843
NTEGRATOR PTE: Court to Hear Wind-Up Petition on Oct. 25
--------------------------------------------------------
A petition to wind up the operations of Ntegrator Pte Ltd will be
heard before the High Court of Singapore on Oct. 25, 2024, at 10:00
a.m.
Han Meng Siew and SW Chan Kit filed the petition against the
company on Aug. 30, 2024.
The Petitioner's solicitors are:
Lawcraft LLC
176 Orchard Road
#05-05, The Centrepoint
Singapore 238843
=================
S R I L A N K A
=================
SRI LANKA: Bonds Slide as Election Result Puts IMF Loan at Risk
---------------------------------------------------------------
Bloomberg News reports that Sri Lanka's dollar bonds slid as
leftist candidate Anura Kumara Dissanayake's victory at the
presidential election put the nation's bailout by the International
Monetary Fund and debt deals at peril.
Bonds maturing in March 2029 declined 3.1 cents, the biggest drop
in about two years, to 50.2 cents on the dollar on Sept. 23,
Bloomberg says. The S&P Sri Lanka 20 Index of blue-chip stocks
reversed intraday losses to trade 2.2% higher. The rupee gained as
Dissanayake said the island nation needs international support and
his government will work with all.
He had earlier vowed to reopen negotiations with the IMF over its
$3 billion bailout, which comes with spending cuts and tax hikes
that proved deeply unpopular with voters, Bloomberg relates.
"A Dissanayake win is the worst possible outcome for Sri Lanka's
bonds," Tellimer strategists Hasnain Malik and Patrick Curran wrote
in a note on Sept. 22.
According to Bloomberg, Sri Lanka's 2029 dollar notes are set for a
nearly 15% slide this quarter, a spectacular turnaround after
handing investors a return of close to 70% last year, one of the
best in emerging markets.
It raises question marks not only for the IMF program but also
whether a new administration would honor the agreement reached with
creditors, with a risk that Dissanayake will compel creditors back
to the negotiating table, they wrote, Bloomberg relays.
"It's pretty crucial that Sri Lanka sticks broadly to the reform
part with respect to the IMF program and we expect the new
president elect and his party to broadly stay in line with the
program," Dilshan Wirasekara, chairman of the Colombo Stock
Exchange said in an interview with Bloomberg Television.
"I don't think we run a risk of cancellation of the program,"
Wirasekara said adding that only a few parameters of the debt
recast deal with IMF could be renegotiated, relays the report.
Bloomberg notes that the country last week reached an agreement in
principle with bondholders to restructure about $12.6 billion in
debt. Some members of Dissanayake's National People's Power
coalition had opposed the debt restructuring terms.
Stocks have mostly factored in the outcome of the presidential
election, said Navin Ratnayake, head of research at Colombo-based
John Keells Stock Brokers. Market sentiment will depend on the new
government's actions in relation to the economy and debt
negotiations, he said, Bloomberg adds.
About Sri Lanka
Sri Lanka, formerly known as Ceylon and officially the Democratic
Socialist Republic of Sri Lanka, is an island country in South
Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal,
and southeast of the Arabian Sea; it is separated from the Indian
subcontinent by the Gulf of Mannar and the Palk Strait. Sri Lanka
shares a maritime border with India and the Maldives. Sri
Jayawardenepura Kotte is its legislative capital, and Colombo is
its largest city and financial centre.
The island nation defaulted on its foreign debt for the first time
in its history in April 2022 as the worst financial crisis since
independence from Britain in 1948 crushed its economy.
As reported in the Troubled Company Reporter-Asia Pacific in early
October 2023, Fitch Ratings upgraded Sri Lanka's Long-Term
Local-Currency Issuer Default Rating (IDR) to 'CCC-' from 'RD'
(Restricted Default). Fitch typically does not assign Outlooks to
sovereigns with a rating of 'CCC+' or below. The Long-Term
Foreign-Currency IDR has been affirmed at 'RD' and the Country
Ceiling at 'B-'. The Short-Term Local-Currency IDR has been
downgraded to 'RD' from 'C' following the exchange of treasury
bills held by the central bank and subsequently upgraded to 'C' in
line with the Sovereign Rating Criteria, as Fitch believes the
local-currency debt exchange has now been completed.
=============
V I E T N A M
=============
VINFAST AUTO: Net Loss Widens to US$773.5MM in Q2 Ended June 30
---------------------------------------------------------------
Reuters reports that VinFast Auto Ltd.'s losses widened in the
second quarter due to rising costs linked to its overseas expansion
and impairment charges, although its revenue rose, it reported on
Sept. 20.
Reuters relates that VinFast, which started to deliver cars in
California last year, said it made a net loss of US$773.5 million
in the April-to-June period, an increase of 27 per cent from the
first quarter and 40 per cent bigger than the same period last
year.
Revenue jumped 33 per cent quarter-on-quarter to US$357 million but
its deepening loss underscores the risks of VinFast's aggressive
expansion strategy - which could have repercussions for its parent
company Vingroup.
"We are still a startup so we expect to have losses for a couple
more quarters," Thuy Le, VinFast's chairwoman, told Reuters in an
interview.
"However the industry is driven by volumes. As we increase the
volumes and optimize the costs, we should be able to get to even
and profitability," she added.
Selling expenses rose by 25.5 per cent quarter on quarter due to
increasing sales and marketing costs, coupled with asset
impairments, according to the filing, Reuters relays.
The EV maker's gross margin stood at negative 62.7 per cent in the
second quarter, primarily due to an impairment charge of US$104
million on the net residual value of its vehicle inventories, up
from US$5 million in the previous quarter, Reuters discloses.
Nevertheless according to Thuy, excluding these factors, its gross
margin still improved.
In July, VinFast halted its US$2 billion manufacturing complex
project in North Carolina until 2028 due to challenging market
conditions, Reuters recalls. The company also reduced its delivery
target for this year to 80,000 vehicles from the initially planned
100,000.
Deliveries in the first half of 2024 stood at 22,348 vehicles, well
below the full-year target, and half of those deliveries were made
to related parties including its taxi operating affiliate GSM
mostly owned by VinFast's founder, Reuters adds.
VinFast Auto Ltd. (NASDAQ: VFS) -- https://vinfastauto.us/ -- is an
automotive manufacturer, engages in Automobiles and E-scooter
related business in Vietnam and the United States. The company
operates through Automobiles, E-scooter, Spare Parts, and
Aftermarket Services segments. The Automobiles segment offers
design, development, manufacturing, and sale of cars and electric
buses. The E-scooter segment provides design, development,
manufacturing, and sales of e-scooters. The Spare Parts, and
Aftermarket Services segment engages in sale of spare parts and
aftermarket services for automobiles and e-scooters. VinFast Auto
Ltd. is based in Hai Phong City, Vietnam. The company operates as a
subsidiary of Vingroup Joint Stock Company.
VinFast Auto Ltd.'s working capital deficit was VND89.8 million at
Dec. 31, 2023. The deficit was VND21.4 million at Dec. 31, 2022.
At Dec. 31, 2023, the Company had total current assets of VND48.7
million and total current liabilities of VND138.5 million. At Dec.
31, 2022, the Company had total current assets of VND44.8 million
and total current liabilities of VND66.2 million.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Sept. 16, 2024 to Sept. 20, 2024
---------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY L 13.25 02/15/18 USD 0.13
ACN 113 874 712 PTY L 13.25 02/15/18 USD 0.13
MOSAIC BRANDS LTD 8.00 09/30/24 AUD 0.40
VIRGIN AUSTRALIA HOLD 7.88 10/15/21 USD 0.66
VIRGIN AUSTRALIA HOLD 7.88 10/15/21 USD 0.66
VIRGIN AUSTRALIA HOLD 8.08 03/05/24 AUD 0.49
VIRGIN AUSTRALIA HOLD 8.13 11/15/24 USD 0.17
VIRGIN AUSTRALIA HOLD 8.13 11/15/24 USD 0.17
VIRGIN AUSTRALIA HOLD 8.00 11/26/24 AUD 0.15
VIRGIN AUSTRALIA HOLD 8.25 05/30/23 AUD 0.12
CHINA
-----
ALETAI CITY JUJIN URB 7.73 10/26/24 CNY 25.27
ANHUI PINGTIANHU INVE 7.50 08/13/26 CNY 60.00
ANHUI PINGTIANHU INVE 7.50 08/13/26 CNY 42.46
ANLU CONSTRUCTION DEV 7.80 11/28/26 CNY 63.96
ANLU CONSTRUCTION DEV 7.80 11/28/26 CNY 60.00
ANNING DEVELOPMENT IN 8.80 09/11/25 CNY 41.43
ANNING DEVELOPMENT IN 8.00 12/04/25 CNY 21.45
ANNING DEVELOPMENT IN 8.00 12/04/25 CNY 21.40
ANSHANG WANGTONG CONS 7.50 05/06/26 CNY 42.40
ANSHUN CITY XIXIU IND 8.00 01/29/26 CNY 41.72
ANSHUN CITY XIXIU IND 7.90 11/15/25 CNY 41.32
ANSHUN TRANSPORTATION 7.50 10/31/24 CNY 20.19
ANYUE XINGAN CITY DEV 7.50 05/06/26 CNY 42.23
ANYUE XINGAN CITY DEV 7.50 01/30/25 CNY 20.46
ANYUE XINGAN CITY DEV 7.50 01/30/25 CNY 20.46
BIJIE CITY ANFANG CON 7.80 01/18/26 CNY 41.87
BIJIE CITY ANFANG CON 7.80 01/18/26 CNY 41.47
BIJIE QIXINGGUAN DIST 8.05 08/16/25 CNY 41.08
BIJIE QIXINGGUAN DIST 7.60 09/08/24 CNY 20.07
BIJIE TIANHE URBAN CO 8.05 12/03/25 CNY 41.74
BIJIE TIANHE URBAN CO 8.05 12/03/25 CNY 41.55
BIJIE XINTAI INVESTME 7.80 11/01/24 CNY 20.24
CAOXIAN SHANG DU INVE 7.80 10/28/26 CNY 63.66
CAOXIAN SHANG DU INVE 7.80 10/28/26 CNY 63.58
CHANGDE DEYUAN INVEST 7.70 06/11/25 CNY 20.87
CHANGDE DEYUAN INVEST 7.70 06/11/25 CNY 20.87
CHANGDE DINGCHENG JIA 7.58 10/19/25 CNY 41.32
CHANGDE DINGCHENG JIA 7.58 10/19/25 CNY 41.32
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 20.89
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 20.08
CHENGDU GARDEN WATER 7.50 09/11/24 CNY 20.07
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 20.00
CHISHUI CITY CONSTRUC 8.50 01/18/26 CNY 42.09
CHISHUI CITY CONSTRUC 8.50 01/18/26 CNY 41.93
CHONGQING HONGYE INDU 7.50 12/24/26 CNY 64.00
CHONGQING JIANGLAI IN 7.50 10/26/25 CNY 41.40
CHONGQING JIANGLAI IN 7.50 10/26/25 CNY 40.00
CHONGQING NANCHUAN CI 7.80 08/06/26 CNY 42.84
CHONGQING SHUANGFU CO 7.50 09/09/26 CNY 62.99
CHONGQING THREE GORGE 7.80 03/01/26 CNY 42.28
CHONGQING THREE GORGE 7.80 03/01/26 CNY 40.00
CHONGQING TONGRUI AGR 7.50 09/18/26 CNY 63.20
CHONGQING TONGRUI AGR 7.50 09/18/26 CNY 60.00
CHONGQING WANSHENG EC 7.50 03/27/25 CNY 20.73
CHONGQING WANSHENG EC 7.50 03/27/25 CNY 20.62
CHONGQING YUDIAN STAT 8.00 11/30/25 CNY 41.72
CHUYING AGRO-PASTORA 8.80 06/26/19 CNY 2.00
DALI URBAN DEVELOPMEN 8.00 12/25/25 CNY 41.88
DALI URBAN DEVELOPMEN 8.00 12/25/25 CNY 41.87
DASHIQIAO URBAN CONST 7.59 08/14/24 CNY 20.00
DASHIQIAO URBAN CONST 7.59 08/14/24 CNY 20.00
DAWA COUNTY CITY CONS 7.80 01/30/26 CNY 42.02
DAWA COUNTY CITY CONS 7.80 01/30/26 CNY 38.80
DAWU COUNTY URBAN CON 7.50 09/20/26 CNY 63.20
DAWU COUNTY URBAN CON 7.50 09/20/26 CNY 60.00
DING NAN CITY CONSTRU 7.80 04/08/26 CNY 42.10
DING NAN CITY CONSTRU 7.80 04/08/26 CNY 40.00
DUJIANGYAN NEW CITY C 7.80 10/11/25 CNY 41.44
DUJIANGYAN NEW CITY C 7.80 10/11/25 CNY 41.37
DUJIANGYAN NEW CITY C 7.80 05/02/25 CNY 20.76
DUJIANGYAN NEW CITY C 7.80 05/02/25 CNY 20.00
DUJIANGYAN XINGYAN IN 7.50 11/01/26 CNY 63.66
FANGCHENG GANGSHI WEN 7.93 12/25/25 CNY 41.84
FANGCHENG GANGSHI WEN 7.95 10/11/25 CNY 41.48
FANGCHENG GANGSHI WEN 7.95 10/11/25 CNY 40.00
FANGCHENG GANGSHI WEN 7.93 12/25/25 CNY 40.00
FANTASIA GROUP CHINA 7.50 06/30/28 CNY 73.70
FANTASIA GROUP CHINA 7.80 06/30/28 CNY 44.53
FUJIAN FUSHENG GROUP 7.90 12/17/21 CNY 70.99
FUJIAN FUSHENG GROUP 7.90 11/19/21 CNY 60.00
FUZHOU LINCHUAN URBAN 8.00 02/26/26 CNY 42.43
GANZHOU NANKANG DISTR 8.00 01/23/26 CNY 42.04
GANZHOU NANKANG DISTR 8.00 10/29/25 CNY 41.53
GANZHOU NANKANG DISTR 8.00 09/27/25 CNY 41.51
GANZHOU NANKANG DISTR 8.00 01/23/26 CNY 40.00
GANZHOU NANKANG DISTR 8.00 10/29/25 CNY 40.00
GANZHOU NANKANG DISTR 8.00 09/27/25 CNY 40.00
GANZHOU ZHANGGONG CON 7.80 10/16/25 CNY 42.68
GANZHOU ZHANGGONG CON 7.80 10/16/25 CNY 41.47
GAOQING LU QING ASSET 7.50 09/27/24 CNY 20.13
GAOQING LU QING ASSET 7.50 09/27/24 CNY 20.13
GOME APPLIANCE CO LTD 7.80 12/21/24 CNY 37.00
GUANGAN XINHONG INVES 7.50 06/03/26 CNY 42.57
GUANGDONG PEARL RIVER 7.50 10/26/26 CNY 21.23
GUANGXI BAISE EXPERIM 7.59 01/08/26 CNY 41.81
GUANGXI BAISE EXPERIM 7.60 12/24/25 CNY 41.59
GUANGXI BAISE EXPERIM 7.60 12/24/25 CNY 40.00
GUANGXI BAISE EXPERIM 7.59 01/08/26 CNY 39.39
GUANGXI CHONGZUO URBA 8.50 09/26/25 CNY 41.46
GUANGXI CHONGZUO URBA 8.50 09/26/25 CNY 41.44
GUANGXI NINGMING HUIN 8.50 11/05/26 CNY 64.32
GUANGXI NINGMING HUIN 8.50 11/05/26 CNY 63.39
GUANGXI NINGMING HUIN 8.50 12/07/25 CNY 41.75
GUANGXI TIANDONG COUN 7.50 06/04/27 CNY 40.00
GUANGYUAN CITY DEVELO 7.50 10/25/27 CNY 37.44
GUANGYUAN YUANQU CONS 7.50 12/23/26 CNY 63.95
GUANGYUAN YUANQU CONS 7.50 10/30/26 CNY 62.55
GUANGYUAN YUANQU CONS 7.50 12/23/26 CNY 60.00
GUANGYUAN YUANQU CONS 7.50 10/30/26 CNY 60.00
GUANGZHOU FINELAND RE 13.60 07/27/23 USD 0.63
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 20.68
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 20.00
GUIXI STATE OWNED HOL 7.50 09/17/26 CNY 63.42
GUIXI STATE OWNED HOL 7.50 09/17/26 CNY 63.36
GUIYANG BAIYUN INDUST 7.50 03/06/26 CNY 42.09
GUIYANG BAIYUN INDUST 7.50 03/06/26 CNY 41.38
GUIYANG BAIYUN INDUST 8.30 03/21/25 CNY 20.59
GUIYANG BAIYUN INDUST 8.30 03/21/25 CNY 20.00
GUIYANG ECONOMIC DEVE 7.50 04/30/26 CNY 42.22
GUIYANG ECONOMIC DEVE 7.90 10/29/25 CNY 41.25
GUIYANG ECONOMIC DEVE 7.90 10/29/25 CNY 41.24
GUIYANG ECONOMIC TECH 7.80 04/30/26 CNY 42.54
GUIYANG ECONOMIC TECH 7.80 04/30/26 CNY 42.45
GUIYANG HI-TECH HOLDI 8.00 11/25/26 CNY 62.49
GUIYANG HI-TECH HOLDI 8.00 11/25/26 CNY 60.27
GUIZHOU CHANGSHUN COU 8.50 03/19/26 CNY 42.59
GUIZHOU CHANGSHUN COU 8.50 03/19/26 CNY 40.00
GUIZHOU EAST LAKE CIT 8.00 12/07/25 CNY 41.77
GUIZHOU EAST LAKE CIT 8.00 12/07/25 CNY 41.09
GUIZHOU GUIAN DEVELOP 7.60 04/26/25 CNY 6.00
GUIZHOU HONGGUO ECONO 7.80 02/08/25 CNY 20.52
GUIZHOU HONGGUO ECONO 7.80 11/24/24 CNY 20.22
GUIZHOU HONGGUO ECONO 7.80 11/24/24 CNY 10.50
GUIZHOU JINFENGHUANG 7.60 08/19/26 CNY 63.05
GUIZHOU SHUANGLONG AI 7.50 04/20/30 CNY 60.00
GUIZHOU SHUICHENG ECO 7.50 10/26/25 CNY 41.38
GUIZHOU SHUICHENG ECO 7.50 10/26/25 CNY 19.50
GUIZHOU SHUICHENG WAT 8.00 11/27/25 CNY 41.39
GUIZHOU SHUICHENG WAT 8.00 11/27/25 CNY 41.38
GUIZHOU XINDONGGUAN C 7.70 09/05/24 CNY 20.06
GUIZHOU ZHONGSHAN DEV 8.00 03/18/29 CNY 70.00
HAIAN URBAN DEMOLITIO 8.00 12/21/25 CNY 41.82
HAIAN URBAN DEMOLITIO 7.74 05/02/25 CNY 20.73
HENGYANG CITY AND URB 7.80 12/14/24 CNY 20.36
HENGYANG CITY AND URB 7.80 12/14/24 CNY 20.36
HENGYANG CITY AND URB 7.50 09/22/24 CNY 20.11
HENGYANG CITY AND URB 7.50 09/22/24 CNY 20.11
HONGAN URBAN DEVELOPM 7.50 12/04/24 CNY 20.29
HONGAN URBAN DEVELOPM 7.50 12/04/24 CNY 20.00
HUAINAN SHAN NAN DEVE 7.94 04/01/26 CNY 42.43
HUAINAN SHAN NAN DEVE 7.94 04/01/26 CNY 40.00
HUAINAN URBAN CONSTRU 7.58 02/12/26 CNY 42.05
HUAINAN URBAN CONSTRU 7.50 03/20/25 CNY 20.63
HUAINAN URBAN CONSTRU 7.50 03/20/25 CNY 20.00
HUBEI DAYE LAKE HIGH- 7.50 04/01/26 CNY 42.20
HUBEI DAYE LAKE HIGH- 7.50 04/01/26 CNY 40.00
HUBEI JIAKANG CONSTRU 7.80 12/19/25 CNY 41.45
HUBEI YILING ECONOMIC 7.50 03/28/26 CNY 42.24
HUBEI YILING ECONOMIC 7.50 03/28/26 CNY 40.00
HUNAN CHUZHISHENG HOL 7.50 03/27/26 CNY 42.24
HUNAN CHUZHISHENG HOL 7.50 03/27/26 CNY 40.00
HUNAN MEISHAN RESOURC 8.00 03/21/26 CNY 42.45
HUNAN MEISHAN RESOURC 8.00 03/21/26 CNY 40.00
HUNAN TIANYI RONGTONG 8.00 10/24/25 CNY 41.54
HUNAN TIANYI RONGTONG 8.00 10/24/25 CNY 41.53
HUNAN TIANYI RONGTONG 7.50 09/17/25 CNY 41.20
HUNAN XUANDA CONSTRUC 7.50 01/23/26 CNY 41.85
HUNAN XUANDA CONSTRUC 7.50 01/24/26 CNY 41.85
HUNAN XUANDA CONSTRUC 7.50 01/24/26 CNY 40.00
HUNAN XUANDA CONSTRUC 7.50 01/23/26 CNY 40.00
HUZHOU NEW CITY INVES 7.50 11/23/24 CNY 20.31
HUZHOU NEW CITY INVES 7.50 11/23/24 CNY 20.00
HUZHOU WUXING NANTAIH 7.90 09/20/25 CNY 41.39
JIA COUNTY DEVELOPMEN 7.50 01/21/27 CNY 64.04
JIA COUNTY DEVELOPMEN 7.50 01/21/27 CNY 58.00
JIAHE ZHUDU DEVELOPME 7.50 03/13/25 CNY 20.58
JIAHE ZHUDU DEVELOPME 7.50 03/13/25 CNY 20.00
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 42.50
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 40.97
JIANGSU ZHONGNAN CONS 7.80 03/17/29 CNY 44.19
JIANGXI HUANGGANGSHAN 7.90 01/25/26 CNY 41.57
JIANGXI HUANGGANGSHAN 7.90 10/08/25 CNY 41.41
JIANGXI HUANGGANGSHAN 7.90 10/08/25 CNY 41.18
JIANGXI JIHU DEVELOPM 7.50 04/10/25 CNY 20.66
JIANGXI JIHU DEVELOPM 7.50 04/10/25 CNY 20.00
JIANGXI TONGGU CITY C 7.50 04/21/27 CNY 64.68
JIANGYOU XINGYI PARKI 7.50 05/07/26 CNY 52.03
JIANGYOU XINGYI PARKI 7.80 12/17/25 CNY 51.79
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 42.00
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 40.00
JILIN ECONOMY TECHNOL 8.00 03/26/28 CNY 64.04
JILIN ECONOMY TECHNOL 8.00 03/26/28 CNY 59.21
JINING NEW CITY DEVEL 7.60 03/23/25 CNY 20.58
JINING NEW CITY DEVEL 7.60 03/23/25 CNY 20.00
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 42.19
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 40.92
JINZHOU CIHANG GROUP 9.00 04/05/20 CNY 33.63
JUNAN COUNTY URBAN CO 7.50 09/26/24 CNY 20.25
JUNAN COUNTY URBAN CO 7.50 09/26/24 CNY 20.12
KAILI GUIZHOU TOWN CO 7.98 03/30/27 CNY 65.20
KAILI GUIZHOU TOWN CO 7.98 03/30/27 CNY 65.20
LAOTING INVESTMENT GR 7.50 04/11/26 CNY 42.28
LAOTING INVESTMENT GR 7.50 04/11/26 CNY 39.80
LIJIN CITY CONSTRUCTI 7.50 04/26/26 CNY 42.39
LIJIN CITY CONSTRUCTI 7.50 12/20/25 CNY 41.59
LIJIN CITY CONSTRUCTI 7.50 04/26/26 CNY 40.00
LIJIN CITY CONSTRUCTI 7.50 12/20/25 CNY 40.00
LINFEN YAODU DISTRICT 7.50 09/19/25 CNY 41.20
LINYI COUNTY CITY DEV 7.78 03/21/25 CNY 20.66
LINYI COUNTY CITY DEV 7.78 03/21/25 CNY 20.00
LINYI ZHENDONG CONSTR 7.50 12/06/25 CNY 41.60
LINYI ZHENDONG CONSTR 7.50 11/26/25 CNY 41.54
LIUPANSHUI AGRICULTUR 8.00 04/26/27 CNY 60.59
LIUPANSHUI AGRICULTUR 8.00 04/26/27 CNY 60.58
LONGNAN ECO&TECH DEVE 7.50 07/26/26 CNY 42.68
LUANCHUAN COUNTY TIAN 8.50 01/23/26 CNY 42.19
LUANCHUAN COUNTY TIAN 8.50 01/23/26 CNY 40.00
LUOHE ECONOMIC DEVELO 7.50 12/18/25 CNY 41.63
LUOHE ECONOMIC DEVELO 7.50 12/18/25 CNY 41.63
LUOYANG XIYUAN STATE- 7.80 01/29/26 CNY 41.89
LUOYANG XIYUAN STATE- 7.80 01/29/26 CNY 41.37
LUOYANG XIYUAN STATE- 7.50 11/15/25 CNY 41.04
MAANSHAN NINGBO INVES 7.50 04/18/26 CNY 42.30
MAANSHAN NINGBO INVES 7.80 11/29/25 CNY 41.64
MAANSHAN NINGBO INVES 7.80 11/29/25 CNY 41.62
MAANSHAN NINGBO INVES 7.50 04/18/26 CNY 16.00
MEISHAN CITY DONGPO D 8.00 01/03/26 CNY 41.92
MEISHAN CITY DONGPO D 8.08 08/16/25 CNY 41.09
MEISHAN CITY DONGPO D 8.08 08/16/25 CNY 40.00
MEISHAN CITY DONGPO D 8.00 01/03/26 CNY 40.00
MEISHAN HONGSHUN PARK 7.50 12/10/25 CNY 51.98
MENGZHOU INVESTMENT A 8.00 11/06/25 CNY 41.57
MENGZHOU INVESTMENT A 8.00 09/03/25 CNY 41.19
MENGZHOU INVESTMENT A 8.00 11/06/25 CNY 40.00
MENGZHOU INVESTMENT A 8.00 09/03/25 CNY 40.00
MENGZI CITY DEVELOPME 8.00 03/25/26 CNY 42.39
MENGZI CITY DEVELOPME 8.00 03/25/26 CNY 42.06
MENGZI CITY DEVELOPME 7.65 09/25/24 CNY 20.12
MENGZI CITY DEVELOPME 7.65 09/25/24 CNY 20.11
MIAN YANG ECONOMIC DE 8.00 09/29/26 CNY 63.58
MIAN YANG ECONOMIC DE 8.00 09/29/26 CNY 60.00
MIAN YANG ECONOMIC DE 8.20 03/15/26 CNY 42.40
MIAN YANG ECONOMIC DE 8.20 03/15/26 CNY 40.00
MIANYANG ANZHOU INVES 7.90 11/25/26 CNY 64.03
MIANYANG ANZHOU INVES 7.90 11/25/26 CNY 60.00
MIANYANG ANZHOU INVES 8.10 11/22/25 CNY 41.69
MIANYANG ANZHOU INVES 8.10 11/22/25 CNY 40.00
MIANYANG ANZHOU INVES 8.10 05/04/25 CNY 20.81
MIANYANG HUIDONG INVE 8.10 04/28/25 CNY 20.80
MIANYANG HUIDONG INVE 8.10 02/10/25 CNY 20.57
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 41.77
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 41.46
MILE AGRICULTURAL INV 7.60 02/27/26 CNY 42.08
MILE AGRICULTURAL INV 8.00 10/25/25 CNY 41.50
MILE AGRICULTURAL INV 7.60 02/27/26 CNY 41.00
MUDANJIANG LONGSHENG 7.50 09/27/25 CNY 41.22
NANCHONG JIALING DEVE 7.98 05/23/25 CNY 20.87
NANCHONG JIALING DEVE 7.80 12/12/24 CNY 20.36
NANCHONG JIALING DEVE 7.80 12/12/24 CNY 20.36
NANCHONG JIALING DEVE 7.98 05/23/25 CNY 20.00
NEOGLORY HOLDING GROU 8.10 11/23/18 CNY 72.00
NEOGLORY HOLDING GROU 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROU 8.00 10/22/20 CNY 56.00
NINGXIA SHENG YAN IND 7.50 09/27/28 CNY 42.45
PANJIN CITY SHUANGTAI 8.50 01/29/26 CNY 42.23
PANJIN CITY SHUANGTAI 8.50 01/29/26 CNY 42.23
PANJIN CITY SHUANGTAI 8.70 12/20/25 CNY 42.07
PANJIN CITY SHUANGTAI 8.70 12/20/25 CNY 42.07
PANJIN LIAODONGWAN ZH 7.50 12/28/26 CNY 64.00
PEIXIAN ECONOMIC DEVE 7.51 11/04/26 CNY 63.52
PEIXIAN ECONOMIC DEVE 7.51 11/04/26 CNY 60.00
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 21.59
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 20.81
PENGZE CITY DEVELOPME 7.60 08/31/25 CNY 41.25
PENGZE CITY DEVELOPME 7.60 08/31/25 CNY 41.09
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 42.33
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 41.43
PUDING YELANG STATE-O 8.00 03/13/25 CNY 20.70
PUDING YELANG STATE-O 8.00 03/13/25 CNY 20.65
PUDING YELANG STATE-O 7.79 11/13/24 CNY 20.26
PUDING YELANG STATE-O 7.79 11/13/24 CNY 20.16
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 42.12
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 41.91
QIANDONGNAN TRANSPORT 8.00 01/15/27 CNY 64.63
QIANDONGNAN TRANSPORT 8.00 01/15/27 CNY 64.62
QIANNANZHOU INVESTMEN 8.00 01/02/26 CNY 41.92
QIANXINAN AUTONOMOUS 8.00 06/22/27 CNY 65.30
QIANXINAN AUTONOMOUS 8.00 06/22/27 CNY 65.22
QIANXINAN PREFECTURE 7.99 06/10/27 CNY 65.93
QIANXINAN PREFECTURE 7.99 06/10/27 CNY 60.00
QINGHAI PROVINCIAL IN 7.88 03/22/21 USD 1.44
QINGZHEN CITY CONSTRU 7.50 03/18/26 CNY 42.13
QINGZHEN CITY CONSTRU 7.50 03/18/26 CNY 42.13
QINGZHOU HONGYUAN PUB 7.60 06/17/27 CNY 49.12
QINZHOU BINHAI NEW CI 7.70 08/15/26 CNY 63.10
QINZHOU BINHAI NEW CI 7.70 08/15/26 CNY 63.10
QUJING CITY QILIN DIS 8.50 01/21/26 CNY 42.22
QUJING CITY QILIN DIS 8.50 01/21/26 CNY 40.00
RENHUAI WATER INVESTM 8.00 12/26/25 CNY 40.58
RENHUAI WATER INVESTM 7.98 07/26/25 CNY 21.03
RENHUAI WATER INVESTM 7.98 02/24/25 CNY 20.37
RUCHENG SHUNXING INVE 7.50 01/07/26 CNY 41.82
RUCHENG SHUNXING INVE 7.50 01/07/26 CNY 40.00
RUDONG NEW WORLD INVE 7.50 12/06/26 CNY 63.94
RUDONG NEW WORLD INVE 7.50 12/06/26 CNY 60.00
RUILI RENLONG INVESTM 8.00 09/20/26 CNY 62.77
SHAANXI XIYUE HUASHAN 7.50 12/27/26 CNY 63.95
SHANDONG HONGHE HOLDI 7.50 01/29/26 CNY 41.86
SHANDONG OCEAN CULTUR 7.50 04/25/26 CNY 42.08
SHANDONG OCEAN CULTUR 7.50 03/28/26 CNY 41.87
SHANDONG RENCHENG RON 7.50 01/23/26 CNY 41.56
SHANDONG RUYI TECHNOL 7.90 09/18/23 CNY 52.10
SHANDONG SANXING GROU 7.90 08/30/24 CNY 58.00
SHANDONG URBAN CAPITA 7.50 04/12/26 CNY 41.98
SHANDONG URBAN CAPITA 7.50 04/12/26 CNY 40.00
SHANGLI INVESTMENT CO 7.80 01/22/26 CNY 41.73
SHANGLI INVESTMENT CO 7.80 01/22/26 CNY 40.49
SHANGLI INVESTMENT CO 7.50 06/01/25 CNY 20.81
SHANGLI INVESTMENT CO 7.50 06/01/25 CNY 20.75
SHANGRAO GUANGXIN URB 7.95 07/24/25 CNY 21.01
SHANGRAO GUANGXIN URB 7.95 07/24/25 CNY 20.96
SHANXI JINZHONG STATE 7.50 05/05/26 CNY 42.39
SHAOYANG SAISHUANGQIN 8.00 11/28/25 CNY 41.70
SHAOYANG SAISHUANGQIN 8.00 11/28/25 CNY 40.00
SHEHONG STATE OWNED A 7.60 10/25/25 CNY 41.43
SHEHONG STATE OWNED A 7.50 08/22/25 CNY 41.05
SHEHONG STATE OWNED A 7.60 10/25/25 CNY 40.00
SHEHONG STATE OWNED A 7.60 10/22/25 CNY 40.00
SHEHONG STATE OWNED A 7.50 08/22/25 CNY 40.00
SHEHONG STATE OWNED A 7.60 10/22/25 CNY 21.22
SHENWU ENVIRONMENTAL 9.00 03/14/19 CNY 12.00
SHEYANG URBAN CONSTRU 7.80 11/27/24 CNY 20.26
SHEYANG URBAN CONSTRU 7.80 11/27/24 CNY 20.26
SHIFANG CITY NATIONAL 8.00 12/05/25 CNY 41.56
SHIFANG CITY NATIONAL 8.00 12/05/25 CNY 40.00
SHIYAN CITY CHENGTOU 7.80 02/13/26 CNY 45.55
SHUANGYASHAN DADI CIT 8.50 12/16/26 CNY 64.72
SHUANGYASHAN DADI CIT 8.50 12/16/26 CNY 64.72
SHUANGYASHAN DADI CIT 8.50 08/26/26 CNY 63.67
SHUANGYASHAN DADI CIT 8.50 08/26/26 CNY 63.66
SHUANGYASHAN DADI CIT 8.50 04/30/26 CNY 42.86
SHUANGYASHAN DADI CIT 8.50 04/30/26 CNY 42.86
SHUOZHOU INVESTMENT C 7.80 12/25/25 CNY 41.79
SHUOZHOU INVESTMENT C 7.80 12/25/25 CNY 41.74
SHUOZHOU INVESTMENT C 7.50 10/23/25 CNY 41.60
SHUOZHOU INVESTMENT C 7.50 10/23/25 CNY 41.35
SICHUAN CHENG'A DEVEL 7.50 11/29/24 CNY 20.29
SICHUAN CHENG'A DEVEL 7.50 11/06/24 CNY 20.20
SICHUAN CHENG'A DEVEL 7.50 11/29/24 CNY 20.00
SICHUAN CHENG'A DEVEL 7.50 11/06/24 CNY 20.00
SICHUAN COAL INDUSTRY 7.70 01/09/18 CNY 45.00
SICHUAN LANGUANG DEVE 7.50 07/23/22 CNY 42.00
SICHUAN LANGUANG DEVE 7.50 08/12/21 CNY 12.63
SICHUAN LANGUANG DEVE 7.50 07/11/21 CNY 12.63
SIYANG JIADING INDUST 7.50 12/14/25 CNY 41.86
SIYANG JIADING INDUST 7.50 12/14/25 CNY 41.66
SIYANG JIADING INDUST 7.50 04/27/25 CNY 20.70
SIYANG JIADING INDUST 7.50 04/27/25 CNY 20.70
TAHOE GROUP CO LTD 7.50 08/15/20 CNY 27.00
TAHOE GROUP CO LTD 8.50 08/02/21 CNY 6.00
TAHOE GROUP CO LTD 7.50 09/19/21 CNY 6.00
TAHOE GROUP CO LTD 7.50 10/10/20 CNY 4.71
TAIXING CITY CHENGXIN 7.60 04/24/26 CNY 42.48
TAIXING CITY CHENGXIN 7.60 04/04/26 CNY 42.31
TAIXING CITY CHENGXIN 7.80 03/05/26 CNY 42.28
TAIXING CITY CHENGXIN 7.80 03/05/26 CNY 40.00
TAIXING CITY CHENGXIN 7.60 04/24/26 CNY 40.00
TAIXING CITY CHENGXIN 7.60 04/04/26 CNY 40.00
TAIXING XINGHUANG INV 8.50 11/15/25 CNY 41.42
TAIXING XINGHUANG INV 8.50 11/15/25 CNY 39.59
TAIZHOU FENGCHENGHE C 7.90 12/29/24 CNY 20.34
TAIZHOU FENGCHENGHE C 7.90 12/29/24 CNY 20.00
TAIZHOU HUACHENG MEDI 8.50 12/26/25 CNY 42.04
TAIZHOU HUACHENG MEDI 8.50 12/26/25 CNY 40.00
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 42.27
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 40.00
TANGSHAN HOLDING DEVE 7.60 05/16/25 CNY 20.82
TAOYUAN COUNTY CONSTR 8.00 10/17/26 CNY 63.83
TAOYUAN COUNTY CONSTR 7.50 09/11/26 CNY 62.99
TAOYUAN COUNTY CONSTR 8.00 10/17/26 CNY 60.00
TAOYUAN COUNTY CONSTR 7.50 09/11/26 CNY 60.00
TAOYUAN COUNTY ECONOM 8.20 09/06/25 CNY 41.29
TAOYUAN COUNTY ECONOM 8.20 09/06/25 CNY 41.25
TEMPUS GROUP CO LTD 7.50 06/07/20 CNY 2.00
TENGCHONG SHIXINGBANG 7.50 05/05/26 CNY 52.83
TIANJIN REAL ESTATE G 7.70 03/16/21 CNY 21.49
TONGCHENG CITY CONSTR 7.50 07/23/25 CNY 20.95
TONGCHENG CITY CONSTR 7.50 07/23/25 CNY 20.00
TONGHUA FENGYUAN INVE 7.80 04/30/26 CNY 42.53
TONGHUA FENGYUAN INVE 8.00 12/18/25 CNY 41.83
TONGHUA FENGYUAN INVE 7.80 04/30/26 CNY 41.70
TONGHUA FENGYUAN INVE 8.00 12/18/25 CNY 40.00
TONGREN WATER GROUP C 8.00 11/29/28 CNY 74.32
TONGXIANG CHONGDE INV 7.88 11/29/25 CNY 41.72
TONGXIANG CHONGDE INV 7.88 11/29/25 CNY 41.70
TUNGHSU GROUP CO LTD 8.18 10/25/21 CNY 22.00
URUMQI ECO TECH DEVEL 7.50 10/19/25 CNY 41.30
URUMQI ECO TECH DEVEL 7.50 10/19/25 CNY 40.00
WEIHAI LANCHUANG CONS 7.70 10/11/25 CNY 41.15
WEIHAI WENDENG URBAN 7.70 05/02/28 CNY 64.95
WEINAN CITY INDUSTRIA 7.50 06/30/27 CNY 65.48
WEINAN CITY INDUSTRIA 7.50 06/30/27 CNY 60.00
WEINAN CITY INDUSTRIA 7.50 04/28/26 CNY 42.18
WEINAN CITY INDUSTRIA 7.50 04/28/26 CNY 40.00
WINTIME ENERGY GROUP 7.90 03/29/21 CNY 43.63
WINTIME ENERGY GROUP 7.90 12/22/20 CNY 43.63
WINTIME ENERGY GROUP 7.70 11/15/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 04/04/21 CNY 43.63
WINTIME ENERGY GROUP 7.50 12/06/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 11/16/20 CNY 43.63
WUSU CITY XINGRONG CO 7.50 10/25/25 CNY 41.38
WUSU CITY XINGRONG CO 7.50 10/25/25 CNY 40.00
WUXUE URBAN CONSTRUCT 7.50 04/12/26 CNY 42.13
WUXUE URBAN CONSTRUCT 7.50 04/12/26 CNY 40.00
WUZHOU CANGHAI CONSTR 8.00 05/31/28 CNY 66.42
WUZHOU CITY CONSTRUCT 7.90 03/26/29 CNY 73.20
XIAN LINTONG URBAN IN 7.69 04/22/26 CNY 42.27
XIAN LINTONG URBAN IN 7.69 04/22/26 CNY 40.00
XIFENG COUNTY URBAN C 8.00 03/14/26 CNY 42.26
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 42.37
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 41.88
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 41.67
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 40.00
XINGYI XINHENG URBAN 8.00 11/21/25 CNY 41.56
XINGYI XINHENG URBAN 7.90 01/31/25 CNY 20.44
XINGYI XINHENG URBAN 7.90 01/31/25 CNY 20.00
XINPING URBAN DEVELOP 7.70 01/24/26 CNY 41.88
XINYU CITY YUSHUI DIS 7.50 09/24/26 CNY 63.21
XIPING COUNTY INDUSTR 7.50 12/26/24 CNY 20.37
XIPING COUNTY INDUSTR 7.50 12/26/24 CNY 20.00
XIUSHAN HUAXING ENTER 7.50 09/25/25 CNY 41.21
XIUSHAN HUAXING ENTER 7.50 09/25/25 CNY 41.21
XUZHOU CITY JIAWANG C 7.98 05/06/26 CNY 42.68
XUZHOU CITY JIAWANG C 7.88 01/28/26 CNY 42.22
XUZHOU CITY JIAWANG C 7.88 01/28/26 CNY 40.58
XUZHOU CITY JIAWANG C 7.98 05/06/26 CNY 40.50
YANCHENG URBANIZATION 7.50 03/04/27 CNY 64.77
YANGLING URBAN RURAL 7.80 06/19/26 CNY 42.83
YANGLING URBAN RURAL 7.80 02/20/26 CNY 42.12
YANGLING URBAN RURAL 7.80 06/19/26 CNY 40.00
YANGLING URBAN RURAL 7.80 02/20/26 CNY 40.00
YIBIN NANXI CAIYUAN S 8.10 11/28/25 CNY 41.77
YIBIN NANXI CAIYUAN S 8.10 11/28/25 CNY 41.73
YIBIN NANXI CAIYUAN S 8.10 07/24/25 CNY 20.95
YIBIN NANXI CAIYUAN S 8.10 07/24/25 CNY 20.00
YICHANG CHUANGYUAN HO 7.80 11/06/25 CNY 41.53
YINGKOU BEIHAI NEW CI 7.98 01/25/25 CNY 20.49
YINGKOU BEIHAI NEW CI 7.98 01/25/25 CNY 20.49
YINGTAN JUNENG INVEST 8.00 05/06/26 CNY 42.72
YINGTAN JUNENG INVEST 8.00 05/06/26 CNY 40.00
YIYANG COUNTY CITY CO 7.90 11/05/25 CNY 42.01
YIYANG COUNTY CITY CO 7.90 11/05/25 CNY 41.58
YIYANG COUNTY CITY CO 7.50 06/07/25 CNY 20.70
YIYANG COUNTY CITY CO 7.50 06/07/25 CNY 20.00
YIYANG LONGLING CONST 7.60 01/23/26 CNY 41.83
YIYANG LONGLING CONST 7.60 01/23/26 CNY 40.30
YIYUAN HONGDING ASSET 7.50 08/17/25 CNY 41.15
YIYUAN HONGDING ASSET 7.50 08/17/25 CNY 41.02
YONGAN STATE-OWNED AS 8.50 11/26/25 CNY 41.52
YONGAN STATE-OWNED AS 8.50 11/26/25 CNY 40.00
YONGCHENG COAL & ELEC 7.50 02/02/21 CNY 39.88
YONGXIU CITY CONSTRUC 7.80 08/27/25 CNY 41.05
YONGXIU CITY CONSTRUC 7.80 08/27/25 CNY 40.00
YONGXIU CITY CONSTRUC 7.50 05/02/25 CNY 20.60
YONGXIU CITY CONSTRUC 7.50 05/02/25 CNY 20.00
YOUYANG COUNTY TAOHUA 7.50 09/28/25 CNY 41.23
YUANJIANG CITY CONSTR 7.50 01/18/26 CNY 41.84
YUANJIANG CITY CONSTR 7.50 01/18/26 CNY 41.84
YUDU ZHENXING INVESTM 7.50 05/03/25 CNY 20.65
YUDU ZHENXING INVESTM 7.50 05/03/25 CNY 20.49
YUEYANG CITY JUNSHAN 7.96 03/13/27 CNY 65.29
YUEYANG CITY JUNSHAN 7.96 03/13/27 CNY 60.51
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 42.68
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 40.00
YUEYANG HUILIN INVEST 7.50 12/23/26 CNY 64.23
YUEYANG HUILIN INVEST 7.50 12/23/26 CNY 60.00
YUSHEN ENERGY DEVELOP 7.50 05/07/27 CNY 65.11
YUSHEN ENERGY DEVELOP 7.50 05/07/27 CNY 60.00
YUTAI XINDA ECONOMIC 7.50 04/10/26 CNY 42.28
ZHANGJIAJIE LOULI TOW 7.50 03/26/26 CNY 42.18
ZHANGJIAJIE LOULI TOW 7.50 03/26/26 CNY 42.18
ZHANGZI NATIONAL OWNE 7.50 10/18/26 CNY 63.66
ZHANGZI NATIONAL OWNE 7.50 10/18/26 CNY 60.00
ZHEJIANG CHANGXING HU 7.50 05/16/26 CNY 42.43
ZHEJIANG CHANGXING HU 7.50 12/26/25 CNY 41.70
ZHEJIANG CHANGXING HU 7.50 05/16/26 CNY 41.60
ZHEJIANG CHANGXING HU 7.50 12/26/25 CNY 40.00
ZHEJIANG HUZHOU NANXU 7.80 08/21/25 CNY 41.88
ZHEJIANG WUYI CITY CO 8.00 12/21/25 CNY 41.85
ZHEJIANG WUYI CITY CO 8.00 12/21/25 CNY 41.77
ZHEJIANG WUYI CITY CO 8.00 08/10/25 CNY 21.09
ZHEJIANG WUYI CITY CO 8.00 08/10/25 CNY 20.00
ZHONGHONG HOLDING CO 8.00 07/04/19 CNY 2.75
ZHONGTIAN FINANCIAL G 8.50 08/16/27 CNY 31.04
ZHONGXIANG CITY CONST 7.50 07/05/26 CNY 42.66
ZHONGXIANG CITY CONST 7.50 07/05/26 CNY 40.00
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 59.37
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 55.00
ZHUZHOU HI-TECH AUTO 8.00 08/14/25 CNY 51.34
ZHUZHOU RAILWAY INDUS 7.50 09/25/24 CNY 20.11
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 66.03
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 60.00
ZIYANG KAILI INVESTME 8.00 02/14/26 CNY 42.18
ZOUCHENG CITY LONGCHE 7.50 01/16/29 CNY 61.35
ZUNYI BOZHOU URBAN CO 7.85 10/24/24 CNY 20.19
ZUNYI BOZHOU URBAN CO 7.85 10/24/24 CNY 20.17
ZUNYI ROAD & BRIDGE C 8.00 05/08/29 CNY 72.26
ZUNYI TRAFFIC TRAVEL 7.80 03/07/29 CNY 70.00
HONG KONG
---------
CHINA SOUTH CITY HOLD 9.00 04/12/24 USD 29.02
CHINA SOUTH CITY HOLD 9.00 06/26/24 USD 28.09
CHINA SOUTH CITY HOLD 9.00 10/09/24 USD 27.93
CHINA SOUTH CITY HOLD 9.00 12/11/24 USD 27.78
HAINAN AIRLINES HONG 12.00 10/29/21 USD 1.14
HONGKONG IDEAL INVEST 14.75 10/08/22 USD 1.57
YANGO JUSTICE INTERNA 7.88 09/04/24 USD 0.50
YANGO JUSTICE INTERNA 8.25 11/25/23 USD 0.39
YANGO JUSTICE INTERNA 9.25 04/15/23 USD 0.33
YANGO JUSTICE INTERNA 7.50 02/17/25 USD 0.32
YANGO JUSTICE INTERNA 10.00 02/12/23 USD 0.14
YANGO JUSTICE INTERNA 10.25 09/15/22 USD 0.10
YANGO JUSTICE INTERNA 7.50 04/15/24 USD 0.09
YANGO JUSTICE INTERNA 10.25 03/18/22 USD 0.03
ZENSUN ENTERPRISES LT 12.50 04/23/24 USD 5.29
ZENSUN ENTERPRISES LT 12.50 09/13/23 USD 4.69
INDONESIA
---------
WIJAYA KARYA PERSERO 9.25 12/18/25 IDR 73.51
WIJAYA KARYA PERSERO 9.25 12/18/25 IDR 73.42
WIJAYA KARYA PERSERO 9.10 03/03/26 IDR 71.46
WIJAYA KARYA PERSERO 9.10 03/03/26 IDR 71.08
WIJAYA KARYA PERSERO 8.55 09/08/26 IDR 66.17
WIJAYA KARYA PERSERO 8.55 09/08/26 IDR 65.80
WIJAYA KARYA PERSERO 10.90 11/03/29 IDR 65.25
WIJAYA KARYA PERSERO 10.90 11/03/29 IDR 65.25
WIJAYA KARYA PERSERO 10.50 11/03/27 IDR 64.60
WIJAYA KARYA PERSERO 10.50 11/03/27 IDR 64.60
WIJAYA KARYA PERSERO 9.75 03/03/28 IDR 62.46
WIJAYA KARYA PERSERO 9.75 03/03/28 IDR 62.23
WIJAYA KARYA PERSERO 9.85 12/18/27 IDR 62.18
WIJAYA KARYA PERSERO 7.75 02/18/27 IDR 62.06
WIJAYA KARYA PERSERO 9.85 12/18/27 IDR 61.73
WIJAYA KARYA PERSERO 7.75 02/18/27 IDR 61.59
WIJAYA KARYA PERSERO 9.25 09/08/28 IDR 60.41
WIJAYA KARYA PERSERO 9.25 09/08/28 IDR 60.34
WIJAYA KARYA PERSERO 8.30 02/18/29 IDR 57.71
WIJAYA KARYA PERSERO 8.30 02/18/29 IDR 57.63
WIJAYA KARYA PERSERO 8.60 12/18/25 IDR 43.34
INDIA
-----
AVANTI FINANCE PVT LT 9.25 08/29/25 INR 71.07
AXIS FINANCE LTD 8.10 11/17/28 INR 74.68
BHARAT SANCHAR NIGAM 7.55 03/20/34 INR 61.53
IIFL SAMASTA FINANCE 10.75 02/24/25 INR 37.68
IKF FINANCE LTD 10.60 03/27/25 INR 37.56
MAHANAGAR TELEPHONE N 7.51 03/06/34 INR 53.12
PIRAMAL CAPITAL & HOU 8.50 04/18/23 INR 34.25
MALAYSIA
--------
CAPITAL A BHD 8.00 12/29/28 MYR 0.79
PHILIPPINES
-----------
BAYAN TELECOMMUNICATI 15.00 07/15/06 USD 14.88
BAYAN TELECOMMUNICATI 15.00 07/15/06 USD 14.88
SINGAPORE
---------
BAKRIE TELECOM PTE LT 11.50 05/07/15 USD 0.76
BAKRIE TELECOM PTE LT 11.50 05/07/15 USD 0.76
BLD INVESTMENTS PTE L 8.63 03/23/15 USD 6.75
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 0.36
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 0.36
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 0.36
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 0.36
ENERCOAL RESOURCES PT 9.25 08/05/14 USD 45.75
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 20.29
MICLYN EXPRESS OFFSHO 8.75 11/25/18 USD 0.82
NOMURA INTERNATIONAL 7.65 10/04/37 AUD 67.16
NOMURA INTERNATIONAL 19.50 08/28/28 TRY 66.92
ORO NEGRO DRILLING PT 7.50 01/24/24 USD 0.50
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SOUTH KOREA
-----------
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SRI LANKA
---------
SRI LANKA GOVERNMENT 12.40 04/15/30 LKR 74.94
SRI LANKA GOVERNMENT 12.40 05/15/31 LKR 71.37
SRI LANKA GOVERNMENT 12.40 06/15/32 LKR 68.44
SRI LANKA GOVERNMENT 7.50 01/15/33 LKR 64.48
SRI LANKA GOVERNMENT 12.40 02/15/34 LKR 61.89
SRI LANKA GOVERNMENT 12.40 03/15/35 LKR 60.01
SRI LANKA GOVERNMENT 12.40 04/15/36 LKR 58.46
SRI LANKA GOVERNMENT 12.40 05/15/37 LKR 57.22
SRI LANKA GOVERNMENT 12.40 06/15/38 LKR 56.24
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 55.48
SRI LANKA GOVERNMENT 7.85 03/14/29 USD 55.44
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 55.00
SRI LANKA GOVERNMENT 7.55 03/28/30 USD 54.92
*********
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