The Monetary Authority of Macao (AMCM) issued a statement yesterday announcing the first issuance of municipal government bonds by the Shenzhen Government in Macau.
The announcement reads, “The Shenzhen Government will issue its first offshore RMB-denominated municipal government bonds in Macau in early September, with an expected issuance of RMB1 billion of green bonds dedicated to combating climate change.”
This issuance follows the fifth consecutive year that the Guangdong provincial government has issued offshore RMB-denominated municipal government bonds in Macau.
This year, Guangdong Province successfully issued RMB2.5 billion in offshore municipal government bonds in Macau. During the announcement, AMCM explained that this year marks the first issuance of themed bonds for the 15th National Games, as well as the introduction of blue bonds in Macau. To date, the cumulative issuance size of municipal government bonds issued by the Guangdong Government in Macau has exceeded RMB10 billion.
According to AMCM statements, both Shenzhen and Guangdong RMB-denominated municipal government bonds will be offered exclusively to professional investors. NS
No Comments