Group 1 - Jiangsu issued 5-year general local bonds with a scale of 8.95 billion yuan and an issuance rate of 1.61%, with a marginal multiple of 7.73 times, exceeding the expected multiple of 3.34 [1] - Jiangsu issued 7-year general local bonds with a scale of 76.12 billion yuan and an issuance rate of 1.70%, with a marginal multiple of 7.70 times, exceeding the expected multiple of 3.22 [1] - Jiangsu issued 7-year ordinary special local bonds with a scale of 2.3 billion yuan and an issuance rate of 1.70%, with a marginal multiple of 6.40 times, exceeding the expected multiple of 3.09 [1]

Group 1 - Tianjin issued 7-year general local bonds with a scale of 4.48133 billion, an issuance rate of 1.6700%, and a marginal multiple of 2.73, exceeding the expected multiple of 1.69 [1] - Tianjin issued 5-year ordinary special local bonds with a scale of 7.54000 billion, an issuance rate of 1.5800%, and a marginal multiple of 1.59, slightly below the expected multiple of 1.60 [1] - Tianjin issued 7-year ordinary special local bonds with a scale of 9.92700 billion, an issuance rate of 1.6700%, and a marginal multiple of 1.38, also below the expected multiple of 1.69 [1]

Group 1 - Ningbo issued 10-year general local bonds with a scale of 12.27065 billion yuan and an issuance rate of 1.6900% with a marginal multiple of 2.37, exceeding the expected multiple of 1.73 [1] - Ningbo issued 7-year ordinary special local bonds with a scale of 3.34233 billion yuan and an issuance rate of 1.6500% with a marginal multiple of 4.85, surpassing the expected multiple of 1.67 [1]

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]

Group 1 - Shaanxi issued 20-year special local bonds with a scale of 20.81 billion yuan and an issuance interest rate of 2.10% with a marginal multiple of 218.10 times, exceeding the expected multiple of 2.11 [1] - Shaanxi issued 10-year general local bonds with a scale of 21.93 billion yuan and an issuance interest rate of 1.71% with a marginal multiple of 1.16 times, below the expected multiple of 1.81 [1] - Shaanxi issued 7-year ordinary special local bonds with a scale of 43.45 billion yuan and an issuance interest rate of 1.67% with a marginal multiple of 1.22 times, below the expected multiple of 1.73 [1]