Greater Bay Area

Guangdong Province issues offshore RMB local government bonds worth 7.5 billion yuan in Hong Kong

2025-10-20   

On the 17th, Guangdong Province successfully issued offshore RMB local government bonds for 2025 in the Hong Kong Special Administrative Region, with a total size of 7.5 billion yuan. This is the second consecutive year that Guangdong Province has issued local government bonds in Hong Kong and listed them on the Hong Kong Stock Exchange. This bond is divided into three types: 3-year, 5-year, and 10-year. Among them, the 3-year bond is a green sustainable development bond with an issuance scale of 3.5 billion yuan and a pricing interest rate of 1.72%; The issuance scale of 5-year bonds is 2.5 billion yuan, with a pricing interest rate of 1.80%; The 10-year bond is a blue sustainable development bond with an issuance scale of 1.5 billion yuan and a pricing interest rate of 2.09%. The raised funds will mainly be used for green and blue sustainable development, as well as construction projects related to the deepening of comprehensive cooperation between Guangdong, Hong Kong, and Macao in Nansha, Guangzhou towards the world. This issuance follows international market rules, and the bond bookkeeping pricing attracts investors from multiple countries and regions to participate in subscription, including policy banks, commercial banks, funds, asset management, etc. The peak order size of bookkeeping pricing reached 20 billion yuan, with an order multiple of 2.7 times, reflecting investors' recognition of Guangdong Province's credit strength and development prospects. This time, Guangdong will issue bonds in Hong Kong again, providing financial support for major infrastructure construction in the Guangdong Hong Kong Macao Greater Bay Area. It will help deepen cooperation between Guangdong, Hong Kong, and Macao, promote high-quality development in the Greater Bay Area, and also strengthen financial cooperation between Guangdong and Hong Kong. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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