The Guangdong government has announced plans to issue RMB2.5 billion (MOP2.8 billion/US$350 million) worth of offshore local government bonds in Macau later this month.
The bonds, offered to professional investors only, include green bonds and government bonds. They will be used to support major infrastructure construction projects in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.
This bond issuance marks the fourth consecutive year since 2021 Guangdong province issued municipal government bonds in Macau. Additionally, there will be the first-ever Hengqin-themed bond in Macau.
The Monetary Authority of Macau (AMCM) has expressed its gratitude to Guangdong authorities for their support for Macau’s bond market development and Guangdong-Macau cooperation in finance.
In an official statement, the AMCM also said that Guangdong Province’s issuance of Hengqin-themed bond in Macau underscores its strong commitment to promoting the integrated development of Macau and Hengqin.