Group 1 - Zhejiang issued a 30-year special local government bond with a scale of 11.668 billion [1] - The issuance interest rate is 1.93% [1] - The marginal multiple was 1.53 times, with an expected multiple of 2.00 [1]

Core Viewpoint - Heilongjiang issued a 10-year general special local bond with a scale of 4.9406 billion yuan and an issuance interest rate of 1.7300% [1] Group 1 - The bond issuance had a marginal multiple of 1.15 times, with an expected multiple of 1.83 [1]

黑龙江发行10年期一般债地方债，规模53.9501亿元，发行利率1.7300%，边际倍数1.91倍，倍数预期 1.76。 ...

在中信证券首席经济学家明明看来，历史上央行宣布"双降"（降息降准）的次数并不多，2020年以来的两次"双降"过后， 地方债发行均迎来放量。"双降"为市场提供充足的流动性，参考过往"双降"后地方债的发行经验，今年二季度地方债有望迎来 放量发行。 本报记者 韩昱 5月15日，降准正式落地，此次下调存款准备金率0.5个百分点，向金融市场释放长期流动性约1万亿元。在5月8日，中国人 民银行（以下简称"央行"）以固定利率、数量招标方式开展了1586亿元7天期逆回购操作，操作利率由1.50%调降至1.40%。业 界认为，参考过往情况，此次降准降息落地后，地方债发行也预计迎来放量。 Wind数据显示，截至5月19日，今年以来各地发行地方债共计38741亿元，2024年同期为21961亿元，相比之下今年地方债 发行明显提速。同时，当前各地发行新增专项债规模达到13711亿元，较2024年同期（8558亿元）亦有较大幅度增长。 陕西巨丰投资资讯有限责任公司高级投资顾问朱华雷在接受《证券日报》记者采访时分析，截至5月19日，各地新增专项 债发行同比增长60%，反映今年的发行速度相比去年有显著提升。随着"自审自发"试点方案的推进， ...

Summary of Key Points Core Viewpoint - Hubei Province has successfully issued various types of local government bonds with different maturities and interest rates, indicating strong demand in the bond market. Group 1: Bond Issuance Details - Hubei issued 7-year general bonds totaling 90.692 billion with an interest rate of 1.6900% and a bid-to-cover ratio of 3.83, exceeding the expected ratio of 1.70 [1] - Hubei issued 10-year general bonds totaling 78.2984 billion with an interest rate of 1.7900% and a bid-to-cover ratio of 3.00, slightly below the expected ratio of 1.78 [1] - Hubei issued 1-year ordinary special bonds totaling 7.5000 billion with an interest rate of 1.4800% and a bid-to-cover ratio of 6.61, significantly higher than the expected ratio of 1.49 [1] - Hubei issued 7-year ordinary special bonds totaling 68.2089 billion with an interest rate of 1.7200% and a bid-to-cover ratio of 4.59, above the expected ratio of 1.71 [1] - Hubei issued 10-year ordinary special bonds totaling 64.3273 billion with an interest rate of 1.8400% and a bid-to-cover ratio of 2.43, lower than the expected ratio of 1.81 [1]

Core Viewpoint - Anhui Province issued a 10-year general special local bond with a scale of 6.72365 billion yuan and an issuance interest rate of 1.8700% [1] Group 1 - The bond issuance received a marginal multiple of 92.07 times, significantly higher than the expected multiple of 1.79 [1]

河北发行10年期一般债地方债，规模20.0200亿元，发行利率1.8000%，边际倍数1.65倍，倍数预期 1.75； 河北发行10年期普通专项地方债，规模12.1500亿元，发行利率1.8600%，边际倍数5.83倍，倍数预期 1.74。 河北发行10年期一般债地方债，规模20.0000亿元，发行利率1.8000%，边际倍数2.50倍，倍数预期 1.74； ...

Group 1 - Shanxi issued 7-year general local bonds with a scale of 14.3018 billion yuan and an issuance rate of 1.6500%, with a marginal multiple of 3.78 times, exceeding the expected multiple of 1.68 [1] - Shanxi issued 10-year special local bonds for housing renovation with a scale of 5.8900 billion yuan and an issuance rate of 1.7100%, with a marginal multiple of 1.58 times, below the expected multiple of 1.80 [1] - Shanxi issued 10-year other special local bonds with a scale of 10.2200 billion yuan and an issuance rate of 1.7100%, with a marginal multiple of 1.14 times, below the expected multiple of 1.79 [1] - Shanxi issued 15-year other special local bonds with a scale of 12.9800 billion yuan and an issuance rate of 2.0500%, with a marginal multiple of 1.97 times, slightly below the expected multiple of 1.99 [1]

Group 1 - Hunan issued 7-year general local bonds with a scale of 11.69401 billion, an issuance rate of 1.7000%, and a marginal multiple of 1.11, with an expected multiple of 1.67 [1] - Hunan also issued 7-year ordinary special local bonds with a scale of 267 million, an issuance rate of 1.7200%, and a marginal multiple of 1.58, with an expected multiple of 1.68 [1]

深圳发行2年期棚改专项地方债，规模1.5000亿元，发行利率1.4500%，边际倍数5.80倍，倍数预期 1.46。 ...