Gaming operator Galaxy Entertainment Group announced it has invested US$10 million in a green bond operation issued by Mingyang Smart Energy Group (“Mingyang Group”).
Based in Guangdong’s Zhongshan city, Mingyang Group is clean energy integrated solution provider and the first private entity to issue bonds in Macau.
The income from the bond issuance is set to be channeled to finance new green energy projects.
The bond issuance was listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”) and was issued with Bank of China (Macao) as the join global coordinator of the operation.
According to a press release issued by Galaxy, this green bond operation is aimed at supporting the integrated development of the Guangdong-Hong Kong-Macau Greater Bay Area, as well as the development of Macau’s financial market.
It is the gaming and resorts operator’s third investment in “corporate social responsibility (“CSR”) and green bonds”, after the subscription of a bio-diversity themed bond issuance in September and another operation themed COVID- 19 Impact Alleviation Social Bonds last year.