Panda Bonds – Brazil

Panda bonds go global: Brazil gets set to join the yuan financing club

Brazil is expected to become the 7th sovereign issuer in the past year, following the UAE, Pakistan, and Kazakhstan—and the 10th-largest economy to embrace the instrument.

◼️ Cheap borrowing costs are driving demand: recent panda bonds have offered yields of 1.7–2.5%, far better than… Continue reading