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Guangdong to Issue Offshore RMB Local Government Bonds Not Exceeding RMB5B in HK
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The Hong Kong government has issued a press release welcoming the People's Government of Guangdong Province's announcement yesterday (5 September) that they will issue offshore RMB local government bonds in Hong Kong, which will be listed on the Stock Exchange of Hong Kong. The People's Government of Guangdong Province will issue offshore RMB local government bonds not exceeding RMB5 billion this month. The bonds will be issued in two-year tenor, three-year tenor, and five-year tenor. The proceeds of the two-year bonds will be used for projects in Nansha, Guangzhou; those of the three-year bonds will be used for major infrastructural projects in the Pearl River Delta region; and the five-year bonds are green bonds. AAStocks Financial News |
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