Casino Operator Galaxy Entertainment Group Invests In Macau Issued Green Bonds

Casino Operator Galaxy Entertainment Group Invests In Macau Issued Green Bonds

Casino operator that is based in Macau, Galaxy Entertainment Group Pvt Ltd has stated that it has invested the US $ 15.6 million i.e. CNY 100 million in so-called biodiversity-themed green bonds that have been issued by the Macau Branch of the Bank of China Ltd (BOC). The investment has been made by the group in the month of September 2021, according to the statement released by the group.

Press Release by the Group

A press release was issued on Wednesday. According to the press release, the company has stated that the deal so made was the second largest investment as far as the corporate social responsibility offering was concerned. The subscription to the social bonds of the Macau branch of the Bank of China Ltd (BOC) last year was the largest. The bonds that were subscribed to in September 2021 were listed by the Bank of China (BOC) on the exchanges in Hong Kong as well as Macau.

More on the Press Release

The press release further stated that the participation by the group in the landmark biodiversity-themed financing is in line with the philosophy of that group that whatever is taken from the community must be used in a manner that benefits the community. This includes active support of the diversification efforts made in the special administrative region.

A landmark offering by an Asian issuer

The casino operator has gone on record to state that the bonds issued by the Bank of China (BOC) in September 2021 were the first-ever biodiversity-themed green bonds that have ever been issued by an issuer in Asia that have been verified by a third party. The company further stated that such a move by the Asian issuer further enhances the appeal of these green bonds so issued. The casino operator also stated that the issuance of these biodiversity-themed green bonds is a clear demonstration by the authorities in the special administrative region to actively participate and influence the green sector on a global scale.

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.