Brazil to become regular borrower in China, treasury official says

AI Summary

Brazil plans to become a regular issuer of yuan-denominated bonds in China, marking a strategic move to integrate the Chinese currency into its external debt profile. This initiative, expected to start before the year-end, reflects deepening financial ties between Brazil and China.

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...