Exclusive: 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 €5 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. Sign up here….