Galaxy Entertainment Group has revealed an RMB100 million (US$15.6 million) investment in “Biodiversity Themed Green Bonds” issued by Bank of China (BOC) Macau.
The bonds, described as the first of their kind in Asia, are aimed at supporting the green finance strategies outlined in Macau’s 14th Five-Year Plan, advancing its development in finance and promoting Macau’s green industry and diversification.
GEG last year also subscribed to HK$100 million of SME-themed COVID-19 Impact Alleviation Social Bonds, issued by BOC Macau in response to the government’s call to support affected SMEs in overcoming their financial challenges during the COVID-19 epidemic.
GEG said it had maintained close contact with BOC Macau following investment in those bonds with the two companies exploring various proposals to support the sustainable eco-friendly development of society.
“GEG’s participation in this landmark biodiversity-themed financing is consistent with its philosophy of ‘what is taken from the community is to be used for the good of the community’ including the active support of Macau’s diversification efforts,” GEG explained.
“Following its previous issuance of the Green and Blue Bonds, BOC Macau’s Biodiversity Themed Green Bonds issuance is another important initiative that propels Macau’s green development and innovation.
“It also marks the first ever biodiversity-themed green bonds offering by an Asian issuer, and the first biodiversity-themed green bonds issued globally by a financial institution with third-party verification, which further enhances the appeal of green bonds and demonstrates Macau’s financial institutions’ active participation and influence in the global green sector.”
The bonds have been listed in both Macau and Hong Kong.
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