Zhuhai LGFV supports Macau with 364-day bond

Gambling_roulette_Fotolia230px
By Morgan Davis
05 Dec 2019

Zhuhai Huafa Group Co showed a vote of confidence in Macau’s stock exchange on Wednesday when it priced a $200m bond that was tailored to Macau's investors.

The Zhuhai local government financing vehicle (LGFV) is not new to the dollar market, but it is new to Chongwa (Macao) Financial Asset Exchange, also known as Mox, Macau’s main stock exchange. The borrower has a $500m 5.4% 2021 bond, trading at a yield to maturity of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial