Shenzhen to issue RMB1 billion bonds in Macau

The Shenzhen municipal government will issue RMB1billion (USD140 million) of offshore yuan-denominated municipal bonds in Macau in early September, with support from China’s Ministry of Finance. The three-year bonds will be themed around the Guangdong-Hong Kong-Macao Greater Bay Area and offered exclusively to professional investors. The Monetary Authority of Macao welcomed the issuance, marking the second consecutive year Shenzhen has issued offshore yuan-denominated municipal bonds in Macau. The authority said the issuance will deepen financial cooperation between Shenzhen and Macau, support the development of the Greater Bay Area and expa…