Updated

Updated · Global Times · Jun 21

Brazil Finance Minister Heads to China to Advance Panda Bonds, Seek EcoInvest Funding

Updated

Updated · Global Times · Jun 21

Brazil Finance Minister Heads to China to Advance Panda Bonds, Seek EcoInvest Funding

2 articles · Updated · Global Times · Jun 21

Dario Durigan leaves for China on June 22 to push Brazil’s sovereign panda bond plans and pitch the EcoInvest program for ecological-transition financing.
Meetings with Finance Minister Lan Fo’an and New Development Bank chief Dilma Rousseff are expected to build on June 9 talks in which China’s central bank backed Brazil’s panda bond issuance and wider yuan-real financial links.
Panda bonds are yuan-denominated debt sold by overseas issuers in China, and Brazil’s move would extend a recent Global South funding trend after Pakistan raised 1.75 billion yuan in its first sovereign panda bond in May.
197.8 billion yuan of panda bonds were issued in 2024, 183.1 billion yuan in 2025, and 137.1 billion yuan had already been sold by mid-June this year—up 80.4% year on year—underscoring China’s growing pull as a financing market.

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Global Times3h ago

Brazil's Finance Minister Durigan to Visit China for Panda Bond Issuance, Ecological Investments

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Global - Brazil's Finance Minister Dario Durigan is scheduled to depart on June 22 for a visit to China, advancing the issuance of panda bonds in the Chinese market and attracting investments

Is Brazil's pivot to yuan-denominated bonds a smart green investment or a major step in dethroning the US dollar?

With its public debt soaring, can Brazil's panda bond gamble truly finance a green revolution or just delay a fiscal reckoning?

Brazil Launches Landmark Panda Bond: New Era of Yuan-Denominated Finance and Sustainable Development

Overview

Brazil is set to announce its first-ever sovereign Panda bond during a high-level government visit to China from June 24 to 26, 2026. This move will see Brazil issue debt in Chinese yuan within China’s domestic bond market, marking a strategic step to broaden its international funding avenues. By unveiling this pioneering debt instrument in official meetings in Shanghai and Beijing, Brazil aims to strengthen financial ties with China, access a new pool of investors, and enhance its financial resilience by reducing reliance on a single currency or market. This initiative signals a new era of diversified finance for Brazil.

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