GEG invests USD10 million in corporate green bond

Galaxy Entertainment Group (GEG) recently invested USD10 million in a green bond issued by Mingyang Smart Energy Group, the gaming operator has announced in a statement.

This is the first corporate green bond issued in Macau, with Bank of China Limited (Macau Branch) acting as the Joint Global Coordinator and the Sole Green Structuring Advisor for the issuance. The bond is listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX). 

“This initial green bond supports the integrated development of the Guangdong-Hong Kong-Macau Greater Bay Area, as well as the development of Macau’s financial market,” the firm stated.

This represents GEG’s third investment in corporate social responsibility (CSR) and green bonds.

Headquartered in Zhongshan City of Guangdong Province, Mingyang Group is a clean energy integrated solution provider and the first private entity to issue bonds in Macau. Proceeds from the bond sale will fund the construction of green-energy projects.

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