Brazil Submits Panda Bond Application, First Sovereign Issuance from Latin America

According to China's central bank, Brazil's finance ministry submitted a panda bond application to the China Foreign Exchange Trade System Dealers Association today (June 25), making Brazil the first Latin American country to issue sovereign panda bonds. China's central bank governor Pan Gongsheng stated that deepening bilateral investment and financing cooperation will promote two-way currency usage and financial infrastructure connectivity.
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