Galaxy Entertainment Group has invested US$10 million in Green bonds issued by Mingyang Smart Energy Group, a comprehensive solution provider for clean energy and the first private company in Macao to issue such bonds. The proceeds will be used to fund new Green energy projects.
The bond issue was listed on the Chongwa (Macao) Financial Asset Exchange and was issued by the Bank of China Macao as the joint global coordinator. Galaxy said its investment aims to support the integrated development of the Greater Bay Area and Macao’s financial market.
This is the third time the gaming operator has invested in Green bonds. In October, the company invested RMB 100 million in Green bonds issued by the Bank of China Macao, and last March it subscribed to HK$100 million of social bonds to support companies impacted by Covid-19.
Galaxy said at the time that proceeds from the bonds, dubbed Covid-19 Impact Alleviation Social Bonds, would be used to provide loans and finance to SMEs impacted by the pandemic.
