Brazil to become regular borrower in China, treasury official says
- Brazil intends to sell yuan bonds in China every year rather than once, a senior Brazilian treasury official said on Wednesday, in a plan that would make the Chinese currency a permanent fixture of its external debt.
- The debut is expected before the end of the year and is small enough that the government is not relying on the proceeds, with external debt at four per cent of the federal stock.
- Francisco Segundo, deputy secretary for public debt at the National Treasury, told a webinar hosted by the China-Brazil Business Council that the value of the sale lies elsewhere.
Unverified
- Brazil intends to sell yuan bonds in China every year rather than once, a senior Brazilian treasury official said on Wednesday, in a plan that would make the Chinese currency a permanent fixture of its external debt.
- The debut is expected before the end of the year and is small enough that the government is not relying on the proceeds, with external debt at four per cent of the federal stock.
- Francisco Segundo, deputy secretary for public debt at the National Treasury, told a webinar hosted by the China-Brazil Business Council that the value of the sale lies elsewhere.
Sources: South China Morning Post