Shenzhen successfully issued 1 billion offshore RMB local government bonds in Macau.

The Shenzhen Municipal Government successfully issued 1 billion RMB local government bonds in the Macao Special Administrative Region today, marking the first time that Shenzhen has issued offshore RMB local government bonds in Macao, and also the first time to issue green bonds with a focus on climate change in Macao. The Monetary Authority of Macao congratulates the successful issuance of the bonds and expresses gratitude to the Ministry of Finance and the Shenzhen Municipal Government for their support to the development of new financial formats in Macao. The bond issuance is targeting professional investors, with a size of 1 billion RMB, a term of 3 years, a pricing interest rate of 1.74%, and the funds raised will be used for clean transportation projects in Shenzhen. It has also received a pre-issuance certification from the Hong Kong Quality Assurance Agency. This local government bond issuance has attracted wide attention and enthusiastic subscription from the market. Shenzhen's first issuance of offshore RMB local government bonds in Macao is a breakthrough in innovation in cross-border financial cooperation between Shenzhen and Macao under the continuous deepening of financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as another significant milestone in the development of the Macao bond market. It fully demonstrates that the Macao bond market can serve as an offshore financing platform for mainland local governments and enterprises, and reflects the collaborative development of Shenzhen and Macao in the green and sustainable fields.