China to issue 6 billion yuan sovereign bonds in Macao SAR on Aug. 20, the Ministry of Finance said, marking the fifth consecutive year of such issuance.
China's central government will issue 6 billion yuan (about 884 million U.S. dollars) of sovereign bonds to professional investors in the Macao SAR on Aug. 20, the Ministry of Finance and Macao SAR government announced. The issuance marks the fifth consecutive year of renminbi-denominated sovereign bonds in Macao, which officials said demonstrates central government support for Macao's economic diversification and financial sector competitiveness.
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