Brazil plans up to 5 billion yuan panda bond issuance, says finance minister

BEIJING: Brazil plans to ​issue its first-ever panda ‌bonds within the next two to three months ​and raise as ​much as 5 billion yuan ($734. 99 ⁠million), Finance Minister ​Dario Durigan told Reuters ​in Beijing on Thursday. Pakistan issues first Panda Bond in China’s onshore capital market The Latin American country will become the ​fifth sovereign issuer ​in 12 months to tap ‌the ⁠world’s second-largest economy’s domestic debt market, with the issuance seen as ​a “test” to ​help ⁠private Brazilian firms deepen their ​presence in China, Durigan ​said.

Read full story on Business Recorder