A few days ago, the International Bank of Macau, a joint subsidiary of Xiamen International Bank, successfully served Fujian Jinjiang urban construction investment and Development Group Co., Ltd. (hereinafter referred to as “Jinjiang urban construction”) to issue US $158 million 364 day senior unsecured bonds in Macao in the first phase of 2022.
The transaction is the first national non-financial corporate bond issued since the launch of Macao central securities custody system, and also the first US dollar bond issued by the country’s county economy to Macao market. Once issued, the bonds have been underwritten and subscribed by many institutions including DBS Bank, Bank Of China Limited(601988) , Haitong Securities Company Limited(600837) , China Securities Co.Ltd(601066) international, Guoyuan financing, Xingzheng international and so on. The final issuance interest rate is 3.20%, 20 BP narrower than the initial pricing.
In response to the special financial industry development plan of Fujian Province in the 14th five year plan, Xiamen International Bank signed a strategic cooperation agreement with China (Macao) financial assets Trading Co., Ltd. to support cross-border financing of Fujian enterprises in February 2021, and promoted financial cooperation between Fujian and Macao by virtue of its regional advantages of linkage among mainland, Hong Kong and Macao institutions, By deepening the group’s collaborative linkage, we will achieve business innovation and development, support Fujian enterprises to “go global” with high-quality financial services, broaden overseas financing channels, and promote the implementation of Fujian Macao financial cooperation.
