The Ministry of Finance issued sovereign bonds worth six billion yuan in Macau on Wednesday, including those with a 10-year maturity worth one billion yuan, the Macau Monetary Authority (AMCM) has announced.
It is the first time that the central government has issued sovereign bonds with a 10-year maturity in Macau.
Wednesday’s issuance was the fifth time that the central government has issued sovereign bonds in Macau, after the first issuance in July 2019, the second in September 2022, the third in September 2023, and the fourth in October last year.
The ministry issued sovereign bonds worth five billion yuan in Macau last year.
An AMCM statement on Wednesday night announced the composition of the central government’s six-billion-yuan sovereign bonds issued in Macau this time.
According to the statement, the renminbi-denominated sovereign bonds issued in Macau on Wednesday comprise two-year-maturity bonds worth three billion yuan with an interest rate of 1.43 percent, five-year-maturity bonds worth two billion yuan with an interest rate of 1.55 percent, and 10-year-maturity bonds worth one billion with an interest rate of 1.72 percent.
“Renminbi” (“people’s currency”) is the official name of the nation’s legal tender, informally known as “yuan”.
The Ministry of Finance issued sovereign bonds worth two billion yuan in Macau in 2019, while bonds worth three billion yuan were issued here in 2022.
The value of sovereign bonds issued in Macau in 2023 increased to five billion yuan, while the value of bonds issued last year remained unchanged at five billion yuan.
The five-billion-yuan sovereign bonds issued in Macau last year comprised two-year-maturity bonds worth three billion yuan with an interest rate of 1.83 percent and five-year-maturity bonds worth two billion yuan with an interest rate of 2.05 percent.
Consequently, the total value of this year’s sovereign bonds issued in Macau has been increased by one billion yuan from last year’s total value, all with a 10-year maturity.
In the statement, the Macau Monetary Authority expressed its gratitude for the Finance Ministry’s “long-term” support for the development of Macau’s bond market.
Unchanged from last year, the sovereign bonds issued in Macau this year were also only available to professional investors, according to the statement.
The statement also said that the sovereign bonds issued this time were oversubscribed as they were well-received by investors in the market.
The statement noted that it is the first time that the central government has issued long-term sovereign bonds in Macau.
The statement also pointed out that the Ministry of Finance has now cumulatively issued sovereign bonds in Macau worth a total of 21 billion yuan.
This poster provided by the Macau Monetary Authority (AMCM) explains the Finance Ministry’s 2025 issuing of renminbi-denominated bonds in Macau.
