Tuesday, December 05, 2023 - Login

China sells first tranche of bond in Macau

China has sold the first tranche of a two billion yuan ($291 million) bond in Macau, Reuters reports, citing the Ministry of Finance.

It sold 1.7 billion of three-year bonds to institutional investors, including pension funds and commercial banks. The MoF said the bond issue was 3.2 times oversubscribed, the news agency said.

The second 300 million yuan two year retail portion will go on sale of Friday. 

Macau’s government has been seeking to diversify its economy, which is heavily reliant on its gambling industry.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief