China Development Bank’s Hong Kong branch on Tuesday successfully issued 5.5 billion yuan in public bonds in Macau, marking its first public bond issuance in the special administrative region, according to an official statement.
The issuance is the first public bond by a Chinese policy bank in Macau and also represents the Hong Kong branch’s first special-purpose bond issued in the city in support of the Belt and Road Initiative and cooperation with Portuguese-speaking countries and regions.
The deal marks another milestone in the development of Macau’s bond market, following earlier issuances of Chinese sovereign bonds as well as local government bonds from Guangdong province and the city of Shenzhen, further expanding the range of issuers in the market.
The Monetary Authority of Macao congratulated China Development Bank on the successful issuance and thanked the lender for its support in advancing the high-quality development of Macau’s modern financial sector.
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