Guangdong Province successfully issued 7.5 billion yuan in offshore renminbi-denominated local government bonds in the Hong Kong Special Administrative Region on September 3, according to the province's finance department. This marks the third consecutive year that Guangdong has issued local government bonds in Hong Kong and listed them on the Hong Kong Stock Exchange, further advancing financial market connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area.

The bonds were issued across three tenors: a 3-year tranche of 2.6 billion yuan at a coupon rate of 1.42%, a 5-year tranche of 3.5 billion yuan in green and blue sustainable development bonds at 1.52%, and a 10-year tranche of 1.4 billion yuan at 1.82%. Proceeds from the issuance will be channeled into green and blue sustainable development projects, major water conservancy infrastructure initiatives, and key strategic platform projects in Nansha.

The issuance adhered to international market conventions and attracted widespread investor attention, with robust subscription demand. Bookbuilding drew orders from multiple countries and regions, including Singapore, Japan, Hong Kong, and Macao, from investors such as policy banks, commercial banks, life insurance institutions, funds, and asset managers. Peak order volume surpassed 64 billion yuan, representing an oversubscription rate exceeding 8.5 times.