Group 1 - Xinjiang issued 15-year general local bonds with a scale of 43.49 billion yuan and an issuance rate of 2.02%, with a marginal multiple of 1.41 times, exceeding the expected multiple of 2.00 [1] - Xinjiang issued 5-year general local bonds with a scale of 5.83 billion yuan and an issuance rate of 1.62%, achieving a marginal multiple of 4.40 times, significantly higher than the expected multiple of 1.63 [1] - Xinjiang issued 10-year other special local bonds with a scale of 24.4 billion yuan and an issuance rate of 1.82%, with a marginal multiple of 2.00 times, matching the expected multiple of 1.82 [1] Group 2 - Xinjiang issued 10-year shantytown renovation special local bonds with a scale of 4 billion yuan and an issuance rate of 1.86%, resulting in a marginal multiple of 4.67 times, surpassing the expected multiple of 1.82 [1] - Xinjiang issued 15-year other special local bonds with a scale of 8.2 billion yuan and an issuance rate of 2.06%, with a marginal multiple of 1.23 times, below the expected multiple of 2.00 [1]

Core Insights - The company issued a 7-year general local bond with a scale of 34.27 billion, an issuance rate of 1.74%, and a marginal multiple of 7.93 times, exceeding the expected multiple of 1.70 [1] - A 15-year general local bond was issued with a scale of 13.73 billion, an issuance rate of 2.07%, and a marginal multiple of 1.07 times, below the expected multiple [1] - A 10-year general local bond was issued with a scale of 13.53 billion, an issuance rate of 1.85%, and a marginal multiple of 40.37 times, significantly higher than the expected multiple of 1.76 [1] - A 10-year ordinary special local bond was issued with a scale of 0.56 billion, an issuance rate of 1.72%, and a marginal multiple of 1.67 times, slightly below the expected multiple [1]