2021-08-23-远东资信-发行量环比下降_多只债券成交价异常波动（08.16-08.20）_6页_549kb

Summary of Far Eastern Credit Research: City-Trust Bonds Weekly Report

• Key Findings for August 16-20, 2021: City-trust bond (LTVB) issuance totaled 77 bonds with a value of 551.70 billion yuan, showing a 5% monthly decrease. The bulk of issuance came from AAA-rated entities (51.30%) and AA+ rated firms (32.74%). Administrative levels were dominated by city and provincial city issuers. No credit rating changes occurred during the period. Abnormal pricing was noted in multiple bonds, with deviations from standard valuations ranging from 33.34 to 41.73 basis points.
• Major Highlights: Total issuance dropped from the previous week; issuer and administrative level distributions indicate ongoing stability in trust bond markets. Close monitoring of specific bonds with pricing anomalies is advised for potential risks.
• Data Source: Based on Wind Information and Far Eastern Credit's analysis; weekly report covers market trends and deviations without indicating investment advice.