Bank of China Macau Successfully Issued First RMB "Magnolia Bond"

2023-05-23

The Bank of China Macau Branch (BOC Macau) announced on the 22nd that it, together with the clearing house of Shanghai and the European Clearing Bank, successfully issued the first 2 billion yuan "Yulan Bond" on the same day, which was also the first issue of "Yulan Bond" after the European Clearing Bank officially included "Yulan Bond" in the scope of qualified collateral in April this year, not only realizing the complete unification of the RMB "Yulan Bond" and traditional Dim sum bonds in terms of collateral qualification, More conducive to the expansion of the RMB bond market and continuous promotion of RMB internationalization. It was reported that the RMB "Yulan Bond" was a 2-year fixed interest type with an issue scale of 2 billion yuan, which was issued by BOC Macao under the mode of cross-border cooperation between the clearing house of Shanghai and the European Clearing Bank in financial infrastructure and two-way opening of the bond market. The interconnection under the "Yulan Bond" mode provides convenience for Chinese issuers to issue bonds to the international market. At the same time, the completion of custody registration through the Shanghai clearing house can effectively improve the efficiency of bond registration and promote the steady development of the bond market. The successful issuance of the first RMB "Yulan Bond" also reflects Macao's regional advantages, giving play to Macao's role as a cross-border RMB bridge and a promoter of RMB internationalization, and will further enrich and improve Macao's debt Financing product system. (New News Agency)

Edit:    Responsible editor:

Source:

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Return to list

Recommended Reading Change it

Links

Submission mailbox:lwxsd@liaowanghn.com Tel:020-817896455

粤ICP备19140089号 Copyright © 2019 by www.lwxsd.com.all rights reserved

>