国开行发行3年期债券，规模80亿元，发行利率1.5968%，预期1.5500%，投标倍数2.43倍，边际倍数 1.23倍； 国开行发行7年期债券，规模20亿元，发行利率1.7044%，预期1.7100%，投标倍数5.23倍，边际倍数 1.19倍。 ...

国开行发行7年期债券，规模20亿元，发行利率1.6699%，预期1.6600%，投标倍数10.18倍，边际倍数 1.10倍。 国开行发行3年期债券，规模80亿元，发行利率1.5368%，预期1.5400%，投标倍数3.55倍，边际倍数 1.95倍； ...

Group 1 - The China Development Bank (CDB) issued a 185-day bond with a scale of 2 billion yuan and an issuance rate of 1.3908%, exceeding the expected rate of 1.3200%, with a bid-to-cover ratio of 2.97 times and a marginal ratio of 2.17 times [1] - CDB issued a 3-year bond with a scale of 8 billion yuan and an issuance rate of 1.5370%, higher than the expected rate of 1.5000%, with a bid-to-cover ratio of 2.23 times and a marginal ratio of 8.31 times [1] - CDB issued a 7-year bond with a scale of 2 billion yuan and an issuance rate of 1.6550%, slightly above the expected rate of 1.6500%, with a bid-to-cover ratio of 4.50 times and a marginal ratio of 10.00 times [1]

Group 1 - The Ministry of Finance of China issued a 7-year bond with a scale of 109 billion, an issuance rate of 1.5302%, and a marginal rate of 1.5573%, with expectations of 1.5600% [1] - The bidding multiple for the 7-year bond was 4.22 times, and the marginal multiple was 13.84 times [1] - Additionally, a 10-year bond was issued with a scale of 131 billion, an issuance rate of 1.6188%, and a marginal rate of 1.6342%, with expectations of 1.6300% [1] - The bidding multiple for the 10-year bond was 5.04 times, and the marginal multiple was 6.91 times [1]

国开行发行185天期债券，规模20亿元，发行利率1.3208%，预期1.3000%，投标倍数3.31倍，边际倍数 1.25倍； 国开行发行7年期债券，规模20亿元，发行利率1.6499%，预期1.6700%，投标倍数5.89倍，边际倍数 1.03倍。 ...

农发行发行7年期债券，规模20亿元，发行利率1.7085%，预期1.6700%，投标倍数5.36倍，边际倍数 7.88倍。 农发行发行2年期债券，规模30亿元，发行利率1.4595%，预期1.5000%，投标倍数6.28倍，边际倍数 1.63倍； 农发行发行2年期债券，规模20亿元，发行利率1.6283%，预期1.6800%，投标倍数2.16倍，边际倍数 2.69倍； ...

Group 1 - The China Development Bank issued a 3-year bond with a scale of 8 billion yuan, an issuance rate of 1.5029%, and a bid-to-cover ratio of 3.50 times [1] - The bank also issued a 7-year bond with a scale of 2 billion yuan, an issuance rate of 1.6687%, and a bid-to-cover ratio of 5.57 times [1] - The marginal bid-to-cover ratio for the 3-year bond was 1.55 times, while for the 7-year bond it was 2.12 times [1]

Core Viewpoint - The China Development Bank (CDB) successfully issued bonds with varying maturities, indicating strong market demand and favorable interest rates for government-backed securities [1] Group 1: Bond Issuance Details - CDB issued a 3-year bond with a scale of 8 billion yuan, an issuance rate of 1.5380%, and a bid-to-cover ratio of 2.20 times, with a marginal bid-to-cover ratio of 8.82 times [1] - CDB issued a 7-year bond with a scale of 3 billion yuan, an issuance rate of 1.6924%, and a bid-to-cover ratio of 3.79 times, with a marginal bid-to-cover ratio of 32.50 times [1]

Group 1 - The China Development Bank issued a 3-year bond with a scale of 8.5 billion yuan and an issuance rate of 1.5727%, which was lower than the expected rate of 1.6000% with a bid-to-cover ratio of 2.57 times and a marginal ratio of 1.44 times [1] - The China Development Bank also issued a 7-year bond with a scale of 3 billion yuan and an issuance rate of 1.7065%, slightly above the expected rate of 1.7000%, achieving a bid-to-cover ratio of 4.27 times and a marginal ratio of 1.45 times [1]

Core Viewpoint - The Ministry of Finance of China issued a 7-year bond with a scale of 105 billion yuan, indicating strong demand in the bond market [1] Summary by Relevant Categories Bond Issuance Details - The bond issuance was sized at 105 billion yuan, with an issuance interest rate of 1.6360% [1] - The marginal interest rate was set at 1.6714%, slightly above the expected rate of 1.6700% [1] - The bidding multiple was recorded at 3.32 times, demonstrating robust investor interest [1] - The marginal multiple reached 13.53 times, indicating a high level of demand for the bond [1]