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BRICS bloc bank issues debt in Macau for the first time

Banco do bloco BRICS emite pela primeira vez dívida em Macau
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInstitutional Development

Source: Notícias ao Minuto | Original Published At: 2026-06-27 09:51:44 UTC

Key Points

  • The New Development Bank (NDB) issued debt for the first time in Macau, valued at $50 million (43.9 million euros) with a three-year maturity.
  • The bond is denominated in euros with an interest rate based on SOFR plus 0.3 percentage points.
  • The issuance was organized by the Macau branch of the Industrial and Commercial Bank of China, a state-owned institution.
  • The NDB was founded by Brazil, Russia, India, China, and South Africa, with headquarters in Shanghai and Brazilian Dilma Rousseff as current president.
  • The bank has expanded membership since 2021 to include Egypt, Iran, UAE, Ethiopia, and Indonesia (formalized in March 2025).
  • Macau is positioning itself as a financial services hub to diversify beyond casinos and tourism, with debt issuances exceeding 100 billion patacas in November.
  • China established Macau as a platform for economic and commercial cooperation with Portuguese-speaking countries in 2003.
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