Key facts
- Brazil plans to issue its first-ever panda bonds within the next two to three months.
- The country aims to raise as much as 5 billion yuan ($735 million) through the issuance.
- Brazil will become the fifth sovereign issuer in the past 12 months to access China's domestic debt market.
- The issuance is intended as a test to facilitate deeper engagement of private Brazilian firms in China.
Brazil is preparing to issue its first-ever panda bonds within the next two to three months, with the aim of raising up to 5 billion yuan, according to Finance Minister Dario Durigan. The Latin American nation will become the fifth sovereign issuer in the past year to tap into China's domestic debt market.