Committed to fostering Macau’s economic diversification, Galaxy Entertainment Group (GEG) has recently invested US$10 million in a green bond issued by Mingyang Smart Energy Group, a GEG statement said this week.
According to the statement, this is the first corporate green bond issued in Macau, with Bank of China Limited (Macau Branch) being the Joint Global Coordinator and the Sole Green Structuring Advisor for the issuance where the bond is listed on the Chongwa (Macao) Financial Asset Exchange Co. Ltd. (MOX). This initial green bond supports the integrated development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), as well as the development of Macau’s financial market, the statement said.
The statement underlined that this represents GEG’s third investment in corporate social responsibility (CSR) and green bonds, following its subscription to Asia’s first biodiversity-themed bonds this September and the SME Themed COVID-19 Impact Alleviation Social Bonds last year, both issued by BOC Macau.
The statement also said that as a Chinese enterprise with deep roots in Macau, GEG supports Macau’s development into “One Centre, One Platform and One Base” as positioned by the “Outline of the Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area.” As the only integrated resort operator that has subscribed to these CSR and green bonds, GEG has been supporting the development of Macau’s financial markets, as well as the city’s economic diversification and integration into the Greater Bay Area through participating in emerging finance, the statement noted.
The statement said that GEG has previously invested in BOC Macau’s different landmark bonds, including a HK$100 million subscription to the SME Themed COVID-19 Impact Alleviation Social Bonds, which were the first certified Social Bonds from a Chinese issuer, and a 100-million-yuan subscription to the first ever biodiversity-themed green bonds offered by an Asian issuer, which is also the first such bonds issued globally by a financial institution with third-party verification. In the future, GEG will continue to support society’s sustainable development through practical approaches.
General Manager of Investment and Assets Management Department of Bank of China Guangdong Branch Pan Rui Hong (from left to right), Chairman of Ming Yang New Energy Investment Holding Group Zhang Chuanwei, General Manager of Finance Market Department of BOC of Macau Li Xudong, and Senior Vice President of Public Relations of GEG Buddy Lam took a photo at the listing ceremony of the milestone issuance. Photo and caption: Galaxy Entertainment Group (GEG)
