ChinaBond-- ChinaBond Valuation

ChinaBond Valuation

Date	Bond Name	Bond Code	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	ChinaBond Market Implied Rating
2019-07-22	国开1801	018007	Shanghai Stock Exchange	1.0274	104.2281	3.3944	100.8337	2.6554
2019-07-22	19宝马金融PPN001BC	031900188	China Inter-Bank Market	2.6284	101.3574	1.4863	99.8710	4.0452	AAA
2019-07-22	18武夷投资CP002	041800431	China Inter-Bank Market	0.3589	103.1795	2.9939	100.1856	4.0250	AA(2)
2019-07-22	19金鲁班MTN003	101900590	China Inter-Bank Market	4.7541	102.2609	1.7459	100.5150	6.9579	AA-
2019-07-22	19华商银行CD007	111997795	China Inter-Bank Market	0.3205	99.0706	0.5737	98.4969	2.9345	AA
2019-07-22	11中水电债	1180096	China Inter-Bank Market	1.7596	104.2097	1.2623	102.9474	3.4843	AAA
2019-07-22	12宜昌城投债	1280383	China Inter-Bank Market	0.2986	21.1440	0.9609	20.1832	3.5786	AA
2019-07-22	18京投04	143565	Shanghai Stock Exchange	8.7240	106.2824	1.4046	104.8777	4.4015	AAA
2019-07-22	15天津债26	1542026	China Inter-Bank Market	1.2740	102.4972	2.2507	100.2465	2.8930	AAA
2019-07-22	17附息国债18	170018	Shenzhen Stock Exchange	8.0331	104.5327	1.6760	102.8567	3.1840

Date	Bond Name	Bond Code	Bond Property	Market	Maturity(Yrs)	Full Price(Mid-Day) (Yuan)	Accrued Interest (Mid-Day) (Yuan)	Net Price (Yuan)	YTM (%)	Modified Duration	Convexity	BPV	Recommendation	Full Price (End Day)(Yuan)	Accrued Interest (End Day) (Yuan)	Residual Principal(Yuan)	Absolute Liquidity Index	Position Percentile	Relative Liquidity Index	Relative Liquidity Reference Value	ChinaBond Market Implied Rating
2019-07-22	国开1801	018007	Policy Bank Bonds	Shanghai Stock Exchange	1.0274	104.2281	3.3944	100.8337	2.6554	0.97	1.91	0.0101	recommend	104.2377	3.4039	100.0000	1.00	0.01	1.00	1.00
2019-07-22	19宝马金融PPN001BC	031900188	PPNs	China Inter-Bank Market	2.6284	101.3574	1.4863	99.8710	4.0452	2.42	8.33	0.0245	recommend	101.3683	1.4973	100.0000	0.00	11.61	0.00	0.10	AAA
2019-07-22	18武夷投资CP002	041800431	Commercial Papers	China Inter-Bank Market	0.3589	103.1795	2.9939	100.1856	4.0250	0.35	0.25	0.0037	recommend	103.1923	3.0067	100.0000	0.00	11.61	0.00	0.10	AA(2)
2019-07-22	19金鲁班MTN003	101900590	Medium-Term Notes	China Inter-Bank Market	4.7541	102.2609	1.7459	100.5150	6.9579	3.87	19.89	0.0395	recommend	102.2803	1.7653	100.0000	0.00	11.61	0.00	0.10	AA-
2019-07-22	19华商银行CD007	111997795	Negotiable Certificates of Deposit	China Inter-Bank Market	0.3205	99.0706	0.5737	98.4969	2.9345	0.32	0.20	0.0031	recommend	99.0792	0.5823	98.4244	0.00	11.61	0.00	0.10	AA
2019-07-22	11中水电债	1180096	Central Government Owned Enterprise Bonds	China Inter-Bank Market	1.7596	104.2097	1.2623	102.9474	3.4843	1.65	4.37	0.0172	recommend	104.2240	1.2766	100.0000	0.00	11.61	0.00	0.10	AAA
2019-07-22	12宜昌城投债	1280383	Local Government Owned Enterprise Bonds	China Inter-Bank Market	0.2986	21.1440	0.9609	20.1832	3.5786	0.30	0.17	0.0006	recommend	21.1478	0.9646	20.0000	0.00	11.61	0.00	0.10	AA
2019-07-22	18京投04	143565	Corporate Bonds	Shanghai Stock Exchange	8.7240	106.2824	1.4046	104.8777	4.4015	6.90	60.27	0.0734	recommend	106.2963	1.4185	100.0000	0.00	9.13	0.00	0.10	AAA
2019-07-22	15天津债26	1542026	Local Government Bonds	China Inter-Bank Market	1.2740	102.4972	2.2507	100.2465	2.8930	1.21	2.66	0.0124	recommend	102.5057	2.2592	100.0000	0.00	11.61	0.00	0.10	AAA
2019-07-22	17附息国债18	170018	Book-Entry Treasury Bonds	Shenzhen Stock Exchange	8.0331	104.5327	1.6760	102.8567	3.1840	6.84	54.96	0.0715	recommend	104.5427	1.6859	100.0000	0.00	9.76	0.00	0.10

Legislation

Any institution or individual who intends to use ChinaBond Pricing Data Products to develop deductive products, or use index data as benchmark, as well as to develop the passive investment products, ETF products and derivatives, shall apply to ChinaBond Pricing Center Co., Ltd separately in writing. Contact information: Wang Han(021-60813514/wanghana@chinabond.com.cn),Dong Jingyu(021-60813513/dongjy@chinabond.com.cn）.

Instructions

1.Bond Valuation: 86-10-010-88170640/0641/0719/0622 Quality Control: 86-10-88170616, 86-21-80169828 2.For more details please visit ChinaBond Integrated Operation Platform, ChinaBond datagate and authorized data vendors. 3.Internet Explorer 11 or Google Chrome is recommended.