Galaxy Entertainment Group (GEG) has invested RMB 100 million (MOP 125 million/US$15.6 million) in green bonds issued by the Macao branch of the Bank of China (BOC).
The bank listed Biodiversity Themed Green Bonds worth MOP 1 billion via a local exchange.
It has been hailed as Asia’s first such bond issue and the first biodiversity-themed green bonds issued globally by a financial institution with third-party verification.
The bonds were listed both in Macao and Hong Kong, with GEG stressing that its investment supports the diversification of Macao’s economy through the development of its financial market.
GEG previously subscribed HK$100 million in SMEs Themed Covid-19 Impact Alleviation Social Bonds, which were issued by BOC Macao earlier this year.
“GEG maintained close contact with BOC Macao and explored with them various proposals that support the sustainable eco-friendly development of society,” a company spokesman said.
“With this subscription and BOC Macao’s experience in the emerging CSR financial market, GEG hopes to support the green finance strategies outlined in the country’s 14th Five-Year Plan, advance Macao’s development in finance, and promote Macao’s green industry and diversification.”