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
2025-04-23	03三峡债	038006	Shanghai Stock Exchange	8.2740	123.9296	3.5285	120.4011	2.1418	AAA
2025-04-23	01国开21	010221	China Inter-Bank Market	6.7233	118.7422	1.2611	117.4811	1.7512
2025-04-23	06冀建投债	068012	China Inter-Bank Market	0.9288	102.4313	0.2978	102.1336	1.8273	AAA
2025-04-23	17招路02	112563	Shenzhen Stock Exchange	2.2904	110.2362	3.5338	106.7025	1.9547	AAA-
2025-04-23	02国债05	020005	China Inter-Bank Market	7.0849	109.6239	1.2017	108.4222	1.6362
2025-04-23	24工商银行CD032	112402032	China Inter-Bank Market	0.0137	99.9781	1.9813	97.9968	1.5972	AAA
2025-04-23	24辽成大CP001	042400067	China Inter-Bank Market	0.0055	103.1888	3.1825	100.0064	1.9731	AA
2025-04-23	13青国投MTN001	101354012	China Inter-Bank Market	3.3096	112.3379	4.4048	107.9331	3.7769	AA-
2025-04-23	23浙江01	101900	Shanghai Stock Exchange	4.8110	106.4684	0.5615	105.9069	1.6808	AAA+
2025-04-23	15东方财信PPN001	031564087	China Inter-Bank Market	0.2137	21.1936	1.0222	20.1714	2.3486	AA(2)

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)	ChinaBond Market Implied Rating	ISIN
2025-04-23	03三峡债	038006	Central enterprise bond	Shanghai Stock Exchange	8.2740	123.9296	3.5285	120.4011	2.1418	6.79	58.43	0.0842	recommend	123.9429	3.5418	100.0000	AAA	CND0000004T5
2025-04-23	01国开21	010221	Senior bond of policy bank	China Inter-Bank Market	6.7233	118.7422	1.2611	117.4811	1.7512	5.84	40.00	0.0693	recommend	118.7547	1.2736	100.0000		CND0000002K8
2025-04-23	06冀建投债	068012	Local enterprise bond	China Inter-Bank Market	0.9288	102.4313	0.2978	102.1336	1.8273	0.92	1.69	0.0094	recommend	102.4428	0.3092	100.0000	AAA	CND000000KN0
2025-04-23	17招路02	112563	Public offering corporate bond	Shenzhen Stock Exchange	2.2904	110.2362	3.5338	106.7025	1.9547	2.12	6.75	0.0233	recommend	110.2499	3.5474	100.0000	AAA-
2025-04-23	02国债05	020005	Book-entry T-bond	China Inter-Bank Market	7.0849	109.6239	1.2017	108.4222	1.6362	6.36	46.43	0.0698	recommend	109.6319	1.2097	100.0000		CND0000002T9
2025-04-23	24工商银行CD032	112402032	Inter-bank negotiable certificates of deposit	China Inter-Bank Market	0.0137	99.9781	1.9813	97.9968	1.5972	0.01	0.00	0.0001	recommend	99.9836	1.9868	100.0000	AAA	CND10007X4G1
2025-04-23	24辽成大CP001	042400067	Short-term commercial paper (CP)	China Inter-Bank Market	0.0055	103.1888	3.1825	100.0064	1.9731	0.01	0.00	0.0001	recommend	103.1976	3.1912	100.0000	AA	CND10007WF64
2025-04-23	13青国投MTN001	101354012	Medium-term note (MTN)	China Inter-Bank Market	3.3096	112.3379	4.4048	107.9331	3.7769	2.87	11.64	0.0323	recommend	112.3554	4.4223	100.0000	AA-	CND100011881
2025-04-23	23浙江01	101900	Local government bond	Shanghai Stock Exchange	4.8110	106.4684	0.5615	105.9069	1.6808	4.47	25.05	0.0475	recommend	106.4765	0.5696	100.0000	AAA+	CND100063JB4
2025-04-23	15东方财信PPN001	031564087	Private placement instruments (PPN)	China Inter-Bank Market	0.2137	21.1936	1.0222	20.1714	2.3486	0.21	0.09	0.0005	recommend	21.1972	1.0258	40.0000	AA(2)	CND100018FQ4

Insurance Asset Management Products Valuation

for more indices

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Recommendation
2025-04-23	10914000146	4.4849	113.2734	0.3850	112.8884	3.2367	Recommend
2025-04-23	10914000188	1.2356	70.0114	1.6475	68.3639	3.3846	Recommend
2025-04-23	10914000199		138.5786	5.8800	132.6986	3.1486	Recommend
2025-04-23	10914010188	1.2356	70.0489	1.6475	68.4014	3.3847	Recommend
2025-04-23	10914020188	1.2932	70.1795	1.6475	68.5320	3.3869	Recommend
2025-04-23	10914030188	1.3041	70.2043	1.6475	68.5568	3.3873	Recommend
2025-04-23	10914040188	1.6493	70.9563	1.6475	69.3088	3.4069	Recommend
2025-04-23	10914050188	1.6877	71.0440	1.6475	69.3965	3.4093	Recommend
2025-04-23	10914060188	2.9117	108.9109	2.4711	106.4398	3.4421	Recommend
2025-04-23	10915000007	0.4740	101.8091	0.5500	101.2591	3.3878	Recommend

Date	Code	Maturity(Yrs)	Full Price(Mid-Day)(Yuan)	Accrued Interest(Mid-Day)(Yuan)	Net Price(Yuan)	YTM (%)	Full Price(End Day)(Yuan)	Accrued Interest(End Day)(Yuan)	Recommendation
2025-04-23	10914000146	4.4849	113.2734	0.3850	112.8884	3.2367	113.2909	0.4025	Recommend
2025-04-23	10914000188	1.2356	70.0114	1.6475	68.3639	3.3846	70.0242	1.6604	Recommend
2025-04-23	10914000199		138.5786	5.8800	132.6986	3.1486	138.5986	5.9000	Recommend
2025-04-23	10914010188	1.2356	70.0489	1.6475	68.4014	3.3847	70.0618	1.6604	Recommend
2025-04-23	10914020188	1.2932	70.1795	1.6475	68.5320	3.3869	70.1924	1.6604	Recommend
2025-04-23	10914030188	1.3041	70.2043	1.6475	68.5568	3.3873	70.2171	1.6604	Recommend
2025-04-23	10914040188	1.6493	70.9563	1.6475	69.3088	3.4069	70.9692	1.6604	Recommend
2025-04-23	10914050188	1.6877	71.0440	1.6475	69.3965	3.4093	71.0568	1.6604	Recommend
2025-04-23	10914060188	2.9117	108.9109	2.4711	106.4398	3.4421	108.9302	2.4904	Recommend
2025-04-23	10915000007	0.4740	101.8091	0.5500	101.2591	3.3878	101.8258	0.5667	Recommend

The above Insurance Asset Management Products Valuation is compiled and released by ChinaBond Pricing Center CO.,LTD and Zhongbao Insurance Asset Registration And Exchange CO.,LTD jointly.

Legislation

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