Brazil to announce first panda bond issuance during China visit in June, say sources

BRASILIA, June 5 (Reuters) – Brazil plans to announce its first-ever sovereign bond issuance in China, denominated in yuan, during a trip by a large delegation of government officials to the Asian country later this month, two people with direct knowledge of the matter told Reuters. The planned issuance of so-called Panda bonds follows Brazil’s first euro-denominated bond sale since 2014, which raised EUR5 billion in April, adding momentum to a strategy unveiled earlier this year to expand the Latin American country’s presence in international debt markets, including through issuances in currencies other than the U.S. dollar. The official agenda…