云南发行30年期普通专项地方债，规模200.0000亿元，发行利率2.0800%，边际倍数16.47倍，倍数预期 2.04。 云南发行10年期普通专项地方债，规模177.0000亿元，发行利率1.8000%，边际倍数2.54倍，倍数预期 1.76； 云南发行7年期普通专项地方债，规模150.0000亿元，发行利率1.6900%，边际倍数11.53倍，倍数预期 1.65； ...

Core Viewpoint - Henan Province has successfully issued local government bonds with varying maturities, indicating strong demand and favorable interest rates in the current market environment [1] Group 1: Bond Issuance Details - Henan issued 7-year general local government bonds with a total scale of 11.28886 billion, at an interest rate of 1.66%, achieving a marginal multiple of 1.63 times against a forecast of 1.68 times [1] - Additionally, Henan issued 30-year ordinary special local government bonds with a total scale of 10.775 billion, at an interest rate of 2.07%, achieving a marginal multiple of 3.01 times against a forecast of 2.04 times [1]

Summary of Key Points Core Viewpoint - Guangdong has issued various types of local government bonds with different maturities and interest rates, indicating active participation in the bond market to raise funds for local projects [1]. Group 1: Bond Issuance Details - Guangdong issued 7-year special local bonds with a scale of 12.94 billion, an interest rate of 1.67%, and a marginal multiple of 1.37, with an expected multiple of 2.31 [1]. - Guangdong issued 10-year special local bonds with a scale of 135.86 billion, an interest rate of 1.76%, and a marginal multiple of 1.11, with an expected multiple of 2.32 [1]. - Guangdong issued 20-year special local bonds with a scale of 151.75 billion, an interest rate of 2.12%, and a marginal multiple of 25.73, with an expected multiple of 2.07 [1]. - Guangdong issued 7-year general local bonds with a scale of 49.23 billion, an interest rate of 1.67%, and a marginal multiple of 2.02, with an expected multiple of 2.34 [1]. - Guangdong issued another set of 7-year general local bonds with a scale of 36.99 billion, an interest rate of 1.67%, and a marginal multiple of 1.85, with an expected multiple of 1.68 [1].

Group 1 - Liaoning issued 7-year general local bonds with a scale of 112.545 billion yuan and an issuance rate of 1.6700%, with a marginal multiple of 2.11 times, exceeding the expected multiple of 1.70 [1] - Liaoning also issued 30-year ordinary special local bonds with a scale of 50.200 billion yuan and an issuance rate of 2.1200%, achieving a marginal multiple of 9.51 times, surpassing the expected multiple of 2.06 [1]

Group 1 - Xinjiang issued a 15-year special local bond for toll roads with a scale of 2.00 billion and an issuance interest rate of 2.07% [1] - The marginal multiple for the 15-year bond was 1.17 times, with an expected multiple of 1.99 [1] - Xinjiang also issued a 20-year special local bond with a scale of 6.80 billion and an issuance interest rate of 2.13% [1] Group 2 - The marginal multiple for the 20-year bond was 43.50 times, with an expected multiple of 2.09 [1] - Additionally, a 30-year special local bond was issued with a scale of 2.90 billion and an issuance interest rate of 2.12% [1] - The marginal multiple for the 30-year bond was 3.53 times, with an expected multiple of 2.05 [1]

Group 1 - Guizhou issued 10-year general local bonds with a scale of 8.41084 billion, an issuance rate of 1.7800%, and a marginal multiple of 1.53 times, with an expected multiple of 1.78 [1] - Guizhou issued 30-year ordinary special local bonds with a scale of 3.66544 billion, an issuance rate of 2.1200%, and a marginal multiple of 7.90 times, with an expected multiple of 2.10 [1]

山西发行20年期其他专项地方债，规模26.6500亿元，发行利率2.1100%，边际倍数1.16倍，倍数预期 2.05； 山西发行30年期其他专项地方债，规模3.2100亿元，发行利率2.1200%，边际倍数3.12倍，倍数预期 2.02； 山西发行10年期一般债地方债，规模51.4000亿元，发行利率1.7800%，边际倍数1.44倍，倍数预期 1.79。 ...

Core Viewpoint - Sichuan Province has successfully issued local government bonds with a total scale of 216.8009 billion yuan, indicating strong demand and favorable interest rates [1] Group 1: Bond Issuance Details - Sichuan issued 7-year general local government bonds with a scale of 213.7309 billion yuan and an issuance interest rate of 1.7000%, achieving a marginal multiple of 8.54 times against a forecast of 1.68 [1] - Additionally, Sichuan issued 5-year ordinary special local government bonds with a scale of 3.0700 billion yuan and an issuance interest rate of 1.5700%, resulting in a marginal multiple of 4.04 times compared to a forecast of 1.60 [1]

Core Points - Shandong issued 10-year general local bonds with a scale of 18.9486 billion yuan and an issuance rate of 1.7800% [1] - The marginal multiple for the general local bonds was 1.18 times, with an expected multiple of 1.76 [1] - Shandong also issued 10-year ordinary special local bonds with a scale of 8.75109 billion yuan and an issuance rate of 1.8200% [1] - The marginal multiple for the ordinary special local bonds was 1.58 times, with an expected multiple of 1.73 [1]

Core Points - Jiangxi issued a 5-year special local government bond for urban renovation with a scale of 659.27 million, an issuance rate of 1.5800%, and a marginal multiple of 1.85, compared to an expected multiple of 1.63 [1] - Jiangxi issued a 7-year special local government bond for urban renovation with a scale of 1.06901 billion, an issuance rate of 1.6400%, and a marginal multiple of 1.51, compared to an expected multiple of 1.69 [1] - Jiangxi issued a 10-year high-quality development special local government bond with a scale of 45.42 million, an issuance rate of 1.8300%, and a marginal multiple of 3.89, compared to an expected multiple of 1.76 [1] - Jiangxi issued a 15-year high-quality development special local government bond with a scale of 180.80 million, an issuance rate of 1.8500%, and a marginal multiple of 1.16, compared to an expected multiple of 1.96 [1] - Jiangxi issued a 20-year high-quality development special local government bond with a scale of 256.72 million, an issuance rate of 1.9700%, and a marginal multiple of 1.36, compared to an expected multiple of 2.05 [1]