zhè / bǐ / zhài / quàn / fā / xíng / de / chéng / xiāo / lì / chā / dī / yú / shì / chǎng / píng / jūn / shuǐ / píng这笔债券发行的承销利差低于市场平均水平。The underwriting spread for this bond issue is below the market average.