SMM News: on July 4, the Ministry of Finance of the people's Republic of China successfully issued 2 billion yuan of treasury bonds in the Macao Special Administrative region. This is the first time that the Ministry of Finance has issued treasury bonds in Macao, and it is also the first sovereign bond issued, registered and listed in Macao.
The renminbi bond issue includes a three-year Rmb1.7 billion bond issued to institutional investors at an interest rate of 3.05 per cent, and a Rmb300m two-year retail bond to be sold to Macao residents today at a rate of 3.30 per cent. The issue of RMB treasury bonds in Macao has been widely welcomed by the offshore market, and investors such as monetary authorities, government funds, pensions, commercial banks, funds and asset management companies have actively subscribed, with a non-retail partial subscription factor of 3.2 times. The issuance of RMB treasury bonds in Macao for the first time will actively promote the construction of Macao's bond market and contribute to the development of Macao's characteristic finance.
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