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What Are Panda Bonds and Why Does Brazil Want to Issue Bonds in China?
Brazil has taken the first step toward issuing, for the first time, public debt securities in the Chinese financial market. Until now, Brazil's international bond issuances have been concentrated primarily in U.S. dollars and, more recently, in euros. Now, the government intends to access the Chinese capital market directly and raise funds in yuan, China's currency.
CERES
1 day ago6 min read
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