Core Viewpoint - Guangdong Province successfully issued 2.5 billion RMB offshore local government bonds in Macau, marking the fifth consecutive year of such issuances, aimed at supporting regional development and sustainable projects [1][2] Group 1: Bond Issuance Details - The issuance attracted significant interest from commercial banks and investment institutions across multiple regions, including Macau, Hong Kong, Singapore, Malaysia, Thailand, and Indonesia, with a bid-to-cover ratio of 4.7 times [1] - The bonds included three types: a 2-year bond (500 million RMB) at an interest rate of 1.63%, a 3-year bond (1.5 billion RMB) at 1.75%, and a 5-year bond (500 million RMB) at 1.85% [1] Group 2: Purpose of the Bonds - The 2-year bond is the first offshore blue bond, with proceeds allocated for blue projects in the Pearl River Delta, promoting energy conservation and sustainable water resource use [1] - The 3-year bond's funds will support the Hengqin Guangdong-Macao Deep Cooperation Zone and the 15th National Games, facilitating collaboration among Guangdong, Hong Kong, and Macau [1] - The 5-year green bond will finance clean transportation and renewable energy projects in the Pearl River Delta [1]