山东发行7年期棚改专项地方债，规模12.0300亿元，发行利率1.6800%，边际倍数2.71倍，倍数预期1.70；山东发行30年期其他专项地方债，规模70.8600亿元，发行利率2.0300%，边际倍数2.29倍，倍数预期1.99；山东发行15年期其他专项地方债，规模40.3400亿元，发行利率1.9400%，边际倍数3.65倍，倍数预期1.92；山东发行10年期其他专项地方债，规模10.1900亿元，发行利率1.7400%，边际倍数1.20倍，倍数预期1.73；山东发行10年期其他专项地方债，规模18.

Core Insights - Shandong issued a total of five types of local government bonds with varying maturities and interest rates, indicating active participation in the bond market [1] Group 1: Bond Issuance Details - Shandong issued a 7-year special local government bond for urban renovation with a scale of 12.03 billion and an interest rate of 1.68%, achieving a bid-to-cover ratio of 2.71 times, exceeding the expected ratio of 1.70 [1] - A 30-year special local government bond was issued with a scale of 70.86 billion and an interest rate of 2.03%, resulting in a bid-to-cover ratio of 2.29 times, above the expected ratio of 1.99 [1] - A 15-year special local government bond was issued with a scale of 40.34 billion and an interest rate of 1.94%, achieving a bid-to-cover ratio of 3.65 times, surpassing the expected ratio of 1.92 [1] - A 10-year special local government bond was issued with a scale of 10.19 billion and an interest rate of 1.74%, with a bid-to-cover ratio of 1.20 times, below the expected ratio of 1.73 [1] - Another 10-year special local government bond was issued with a scale of 18.93 billion and an interest rate of 1.75%, achieving a remarkable bid-to-cover ratio of 15.66 times, significantly higher than the expected ratio of 1.73 [1]