Guangdong Province successfully issued RMB 2.5 billion offshore municipal government bonds in Macao

MACAU, August 6 - The People’s Government of Guangdong province successfully issued RMB 2.5 billion (hereinafter referred to as RMB) offshore RMB-denominated municipal government bonds today (6 August) in Macao. This issuance marks the sixth consecutive year since 2021 that the Guangdong Government has issued offshore RMB-denominated municipal government bonds in Macao, with a cumulative issuance size exceeding RMB 13 billion. The Monetary Authority of Macao congratulated on the successful bond issuance and expressed its 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 promoting the high-quality development of featured financial sector in Macao.

This bond issuance is targeted at professional investors with a total issuance size of 2.5 billion. The tranches include a 3-year green bonds issued at 1.5 billion with a 1.46% coupon rate, a 5-year blue bonds issued at 0.5 billion with a 1.57% coupon rate, as well as a 2-year Guangdong-Macao In-depth Cooperation Zone-themed bonds issued at 0.5 billion with a 1.43% coupon rate. The green bonds and blue bonds have received pre-issuance stage certification from the Hong Kong Quality Assurance Agency (HKQAA). This issuance of municipal government bonds has drawn market attention and recorded an over-subscription.

The continued issuance of Guangdong-Macao In-Depth Cooperation Zone in Hengqin-themed bonds by Guangdong province in Macao demonstrates its strong support for the high‑quality integration and development of Hengqin and Macao. In addition, the continued issuance of green bonds and blue bonds by Guangdong province in Macao facilitates green and sustainable development in the financial markets of Guangdong and Macao, it also provides fresh impetus to the high‑quality development of the Guangdong‑Hong Kong‑Macao Greater Bay Area.

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