进出口行发行1年期债券，规模100亿元，发行利率1.2153%，预期1.2800%，投标倍数3.46倍，边际倍数1.97倍。

Core Viewpoint - The Export-Import Bank issued a one-year bond with a scale of 10 billion yuan, with an issuance rate of 1.2153% and an expected rate of 1.2800, indicating strong market interest with a bid-to-cover ratio of 3.46 times and a marginal ratio of 1.97 times [1] Group 1 - The bond issuance scale is 10 billion yuan [1] - The issuance interest rate is 1.2153% [1] - The expected interest rate is 1.2800% [1] Group 2 - The bid-to-cover ratio is 3.46 times, reflecting strong demand [1] - The marginal bid-to-cover ratio is 1.97 times [1]