China to issue 6 billion yuan in sovereign bonds in Macao

(ECNS) -- The Chinese central government will issue RMB 6 billion (about $836.3 million) worth of sovereign bonds in Macao on August 20, China's Ministry of Finance and the Government of the Macao Special Administrative Region jointly announced on Monday.

According to the announcement, the bond issuance will feature a more diversified maturity structure, helping further improve the regular issuance mechanism and providing investors with more secure and stable yuan-denominated investment options.

The issuance is also expected to optimize the ecosystem of Macao's bond market and promote greater connectivity between Macao, the Chinese mainland and international financial markets.