China’s finance ministry issues 5b yuan of treasury bonds in Macao

MACAO — China’s Ministry of Finance on Wednesday issued 5 billion yuan (about $700 million) of yuan-denominated bond in the Macao Special Administrative Region (SAR). The bonds are offered to institutional investors at a tenor of two years for 4 billion yuan, and a tenor of five years for 1 billion yuan, the first such issuance in Macao.