Macau’s skyline at night. China’s Ministry of Finance aims to help diversify the city’s economy into financial services through the bond offerings. Photo: Shutterstock
Macau’s skyline at night. China’s Ministry of Finance aims to help diversify the city’s economy into financial services through the bond offerings. Photo: Shutterstock

Chinese government’s offshore yuan bond sale in Macau nets US$430 million after drawing bids worth twice that

  • Wednesday’s issuance, the second offshore yuan bond offering in Macau, included two tranches of two- and three-year bonds
  • Sale marks a step forward in Ministry of Finance’s effort to develop the offshore bond market while also diversifying the casino hub’s economy

Macau’s skyline at night. China’s Ministry of Finance aims to help diversify the city’s economy into financial services through the bond offerings. Photo: Shutterstock
Macau’s skyline at night. China’s Ministry of Finance aims to help diversify the city’s economy into financial services through the bond offerings. Photo: Shutterstock
READ FULL ARTICLE