Guangdong issued RMB2.5 billion offshore municipal bonds in Macau

The People’s Government of Guangdong Province has issued RMB2.5 billion in offshore RMB-denominated municipal government bonds on Tuesday.

This issuance marks the fifth consecutive year since 2021 that the Guangdong government has issued bonds in Macau.

This year, the first themed bonds for the 15th National Games and the issuance of blue bonds will be issued. The total issuance of municipal government bonds by the Guangdong government has surpassed RMB10 billion.

Regarding the bond issuance, the Monetary Authority of Macao (AMCM) expressed gratitude to the Ministry of Finance of the People’s Republic of China and the People’s Government of Guangdong Province for their support in developing new financial businesses in Macau.

This bond issuance is aimed at professional investors. The tranches include three-year National Games and Guangdong-Macao In-depth Cooperation Zone-themed bonds issued at RMB1.5 billion with a 1.75% coupon rate, five-year green bonds issued at RMB500 million with a 1.85% coupon rate, and two-year blue bonds issued at RMB500 million with a 1.63% coupon rate.

The green and blue bonds have also received pre-issuance certification from the Hong Kong Quality Assurance Agency.

In a statement, the AMCM said this issuance has drawn market attention and generated robust subscriptions. RM