Brazil plans to announce its first-ever sovereign bond issuance in China, denominated in yuan, during a trip by a large delegation of government officials to the Asian country later this month, two people with direct knowledge of the matter told Reuters.
The planned issuance of so-called Panda bonds follows Brazil's first euro-denominated bond sale since 2014, which raised €5 billion in April, adding momentum to a strategy unveiled earlier this year to expand the Latin American country's presence in international debt markets, including through issuances in currencies other than the U.S. dollar.
During the preparatory trip, Brazil will highlight financial instruments developed under Lula's sustainability agenda, including blended finance auctions under the EcoInvest program, the proposed Tropical Forest Forever Facility, or TFFF, and progress in building a domestic carbon market.
Officials see these tools as key to boosting Chinese direct investment in strategic sectors of the economy.
-Reuters
The planned issuance of so-called Panda bonds follows Brazil's first euro-denominated bond sale since 2014, which raised €5 billion in April, adding momentum to a strategy unveiled earlier this year to expand the Latin American country's presence in international debt markets, including through issuances in currencies other than the U.S. dollar.
During the preparatory trip, Brazil will highlight financial instruments developed under Lula's sustainability agenda, including blended finance auctions under the EcoInvest program, the proposed Tropical Forest Forever Facility, or TFFF, and progress in building a domestic carbon market.
Officials see these tools as key to boosting Chinese direct investment in strategic sectors of the economy.
-Reuters
